The positive forecast from WTTC, which shows an average of
1.4 million new jobs every year, also reveals the sector will lead the economic
recovery in the region, with its annual GDP growth set to outpace the overall
economy for the next 10 years.
According to the report, travel and tourism’s GDP is
forecasted to grow at an average rate of 6.8% annually between 2022-2032, more
than twice the 3.3% growth rate of the region’s overall economy, to reach
nearly US$ 279bn (7.2% of the total economy).
The sector’s contribution to GDP is expected to grow 20.5%
to US$ 144bn by the end of 2022, amounting to 5.1% of the total economic GDP,
while employment in the sector is set to grow by 3.1% this year to reach nearly
22 million jobs.
The global tourism body’s annual report also shows further optimism
for the region’s Travel & Tourism GDP, which could approach pre-pandemic
levels by 2023 - just 9% below 2019 levels.
Julia Simpson, WTTC president and CEO, says: "Africa is
clearly bouncing back and is set to experience a significant recovery over the
next couple of years and looking ahead over the next 10 years, the sector could
create almost 14 million jobs.
"However, last year the recovery was significantly
impacted by Omicron, which saw many countries reinstating severe and
unjustified travel restrictions on several key African destinations."
Sector contributions
Before the pandemic, the travel and tourism sector’s
contribution to the region’s GDP was 6.8% (US$182.4bn) in 2019, falling to just
3.8% (US$96.5bn) in 2020 when the pandemic was at its height, nearly halving
the contribution of such a crucial sector to the economy with a 47.1% decline.
The sector also supported more than 25 million jobs across
the region, which after a 22.9% drop, fell to just 19.6 million in 2020.
However, looking back at 2021, WTTC’s latest EIR report
reveals a year in which we saw the beginning of the recovery for the region’s
travel and tourism sector, travel and tourism’s contribution to GDP increased
23.5% year on year, to reach more than US$119bn.
It also saw a recovery of 1.6 million travel and tourism
jobs, representing a positive 8.2% rise to reach more than 21 million.
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