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The US is the world's largest travel and tourism economy, according to ther WTTC.
We're delighted to be working more closely with eTurboNews as it will help us extend the reach of the Tourism For Tomorrow initiative and help share its valuable lessons and teachings with Travel & Tourism professionals across the world, said Fiona Jeffery, Chair of the WTTC Tourism for Tomorrow Awards.
The Winner Selection Committee is chaired by Fiona Jeffery OBE, chair of the WTTC Tourism for Tomorrow Awards and includes:
David Scowsill, President and CEO of the WTTC, went on to say, "The short and long term future for Oman's economy
Journalists wishing to attend to the WTTC Global Summit in Hainan should contact media@wttc.
The announcement was made at the 12th WTTC Global Summit being held at the Pamir Convention Centre in Tokyo , Japan this week.
Lower-priced airline tickets would also boost consumer spending, said the report, which was prepared for the WTTC by forecasting consultancy Oxford Economics.
The WTTC said this would result in a family of four flying to southern Spain paying an extra pounds 52 for their tickets.
WTTC remains confident Travel & Tourism will remain a dynamic force for wealth and job creation," says Jean-Claude Baumgarten, President & CEO, WTTC.
The WTTC estimates that the sector's contribution to GDP will rise from 7.
The WTTC report says India now is the third largest outbound travel market in the Asia Pacific region.
The WTTC said business travel should generate $313 million this year, growing by 41 percent annually to reach $575 million in 2018, while personal travel and tourism should generate $1.
According to the WTTC report, the Middle East is the only region in the world forecast to achieve a 7% growth rate in travel and tourism in 2008, equating to approximately 125bn [pounds sterling].
Race on 32 tracks around the world in full 2007 and 2006 seasons of the WTTC plus historic races of '87 and Formula BMW and the Mini Cooper Challenge.
The 26-year-old from Hampton-in-Arden has been offered a seat with Team GR Asia - who prepare his Team Air Cool BTTC SEAT Toledo - in the WTTC event around the Guia Street circuit in Macau next month but he must raise EUR75,000 in sponsorship within the next few weeks.