Global summit: Travel industry prevailed over a year of hardships

04/16/2012 | Travel Weekly

The 2012 World Travel & Tourism Council Summit being held in Japan this week kicked off with a description of the problems that beset the global economy in the past year and how the travel and tourism industry managed to weather the turbulence and assist in economic recovery worldwide. "Our latest research suggests that, despite political upheaval, economic uncertainty and natural disasters, the industry's direct contribution to world GDP grew by nearly 3%, to $2 trillion, and directly generated 1.2 million new jobs," said David Scowsill, CEO of the council.

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