However, WTTC predicts it will leapfrog Paris within the next 10 years, growing to a staggering $77BN. Over the next 10 years, WTTC predicts it will drop down to third place, although its value will rise to over $49BN.īeijing is currently the second biggest city destination in the world with a Travel & Tourism sector worth nearly $33BN. Paris takes the crown as the world’s most powerful city destination with a Travel & Tourism sector worth almost $36BN USD in 2022, in terms of direct GDP contribution to the city. The report, sponsored by Visa and researched in partnership with Oxford Economics, analysed key indicators such as Travel & Tourism’s contribution to GDP, employment and traveller spend.ĬOVID-19 had a devastating impact on Travel & Tourism and in particular major cities around the world as countries closed their borders in response to the pandemic.Īs borders reopened, many leisure travellers swapped city visits for less-populated destinations such as coastal and rural destinations, but latest research from WTTC shows that city holidays are back and growing in popularity. Madrid, Spain: New research from the World Travel & Tourism Council ( WTTC) reveals French capital Paris as the world’s most powerful city destination but predicts it will be overtaken by Beijing by 2032. Beijing predicted to take the number one spot by 2032Ĭities Economic Impact Report analysed 82 cities around the world
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