Bangladesh 2013

7/29/2019 Bangladesh 2013

1/28WTTC Travel & TourismEconomic Impact 2013 1

The Authority on World Travel & Tourism

Travel& Tourism

Economic impact 2013Bangladesh


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For more inormation please contact:

Rocelle TrerResearch Manager

[email protected]

2013 World Travel & Tourism Council


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ContentsForeword..............................................................................................................................................................................................i

2013 Annual Research: Key Facts .......................................................................................................1

Defning the Economic Contribution o Travel & Tourism.............................2

Travel & Tourisms Contribution to GDP .....................................................................................3

Travel & Tourisms Contribution to Employment ..........................................................4

Visitor Exports and Investment ..................................................................................................................5

Dierent Components o Travel & Tourism ............................................................................6

Country Rankings: Absolute Contribution, 2012 ........................................................7

Country Rankings: Relative Contribution, 2012...........................................................

8Country Rankings: Real Growth, 2013 .........................................................................................9

Country Rankings: Long Term Growth, 2013-2023 ..........................................10

Summary Tables: Estimates & Forecasts............................................................................11

The Economic Contribution o Travel & Tourism:Real 2012 Prices.............................................................................................................................................................12

The Economic Contribution o Travel & Tourism:Nominal Prices ...................................................................................................................................................................13

The Economic Contribution o Travel & Tourism: Growth ......................14

Glossary.........................................................................................................................................................................................15

Methodological Note...............................................................................................................................................16

Regions, Sub-regions, Countries ......................................................................................................17

USE OF MATERIAL IS AUTHORISED, PROVIDED SOURCE IS ACKNOWLEDGED

1-2 Queen Victoria Terrace, Sovereign Court, London E1W 3HA, UK

2 Tel: +44 (0) 20 7481 8007. Fax: +44 (0) 20 7488 1008. Email: [email protected]. www.wttc.org

The Economic Impact o Travel & Tourism 2013


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Te World Trvel & Toris Cocil (WTTC) s bee ivestig i

ecooic ipct reserc or over 20 ers. Tis reserc ssesses

te Trvel & Toris idstrs cotribtio to GDP d jobs or

184 cotries d 24 regios d ecooic grops i te world.

Or te-er orecsts re iqe i te iortio te provide

to ssist goverets d privte copies pl polic d

ivestet decisios or te tre.2012 demonstrated again the resilience o the Travel & Tourism industry in the ace o continued economic

turmoil, as economic growth slowed and was even negative in key global markets. The latest annual research

rom WTTC and our research partner Oxord Economics, shows that Travel & Tourisms contribution to GDP

grew or the third consecutive year in 2012, and created more than 4 million new jobs. The strongest growth

in 2012 was evident in international demand as appetite or travel beyond national borders, rom leisure and

business visitors, remains strong.

Travel & Tourisms importance to the wider economy continued to grow in 2012. Its total contribution

comprised 9% o global GDP (US $6.6 trillion) and generated over 260 million jobs 1 in 11 o the worlds

total jobs. The industry outperormed the entire wider economy in 2012, growing aster than other notable

industries such as manuacturing, nancial services and retail.

With such resilience in demand and an ability to generate high employment, the importance o Travel &

Tourism as a tool or economic development and job creation is clear. In total, the industry contributed to over

10% o all new jobs created in 2012. Less restrictive visa regimes and a reduction in punitive taxation levels

would help the industry to contribute even more to broader economic development and better ull the clear

demand or international travel.

While 2013 will present urther challenges or the global economy and the Travel & Tourism industry, we remain

optimistic that Travel & Tourism will continue to grow, outpace growth o the wider economy and remain a

leading generator o jobs.

In the longer-term, demand rom and within emerging markets will continue to rise in signicance. Destinations

need to be willing to invest in inrastructure suitable or new sources o demand to achieve the clear growthpotential that exists. For example, we orecast that China will overtake the US by 2023 as the worlds largest

Travel & Tourism economy, measured in total GDP terms (2012 prices), and the size o the outbound market.

Dvid ScowsillPresident & CEOWorld Travel & Tourism Council

Foreword

WTTC Trvel & TorisEcooic Ipct 2013i


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= Total contribution of Travel & Tourism

Bangladesh

2013 ANNUAL RESEARCH: KEY FACTS 2013forecast

EMPLOYMENT: DIRECT CONTRIBUTION

EMPLOYMENT: TOTAL CONTRIBUTION

VISITOR EXPORTS

INVESTMENT

WORLD RANKING (OUT OF 184 COUNTRIES):Relative importance of Travel & Tourism's total contribution to GDP

80ABSOLUTE

Size in 2012

169

Contribution to GDP in 2012

RELATIVE SIZE

22GROWTH2013 forecast

Total Contribution of

Travel & Tourism to GDP

Breakdown of Travel & Tourism's Total

Contribution to GDP and Employment 2012

2012 BDTbn GDP (2012 BDTbn)

Direct Indirect Induced

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78

124

193

1,282

816

617E

mployment

('000)

WTTC Travel & Tourism Economic Impact 2013 1

The direct contribution of Travel & Tourism to GDP was BDT193.0bn (2.1% of total GDP) in2012, and is forecast to rise by 7.7% in 2013, and to rise by 6.4% pa, from 2013-2023, toBDT384.7bn in 2023 (in constant 2012 prices).

The total contribution of Travel & Tourism to GDP was BDT394.8bn (4.3% of GDP) in 2012, andis forecast to rise by 7.5% in 2013, and to rise by 6.8% pa to BDT819.4bn in 2023.

In 2012 Travel & Tourism directly supported 1,281,500 jobs (1.8% of total employment). This isexpected to rise by 4.4% in 2013 and rise by 2.9% pa to 1,785,000 jobs (1.9% of total

employment) in 2023.

In 2012, the total contribution of Travel & Tourism to employment, including jobs indirectly

Visitor exports generated BDT7.7bn (0.4% of total exports) in 2012. This is forecast to grow by

3.2% in 2013, and grow by 4.9% pa, from 2013-2023, to BDT12.8bn in 2023 (0.5% of total).

Travel & Tourism investment in 2012 was BDT37.3bn, or 1.6% of total investment. It should riseby 0.5% in 2013, and rise by 6.0% pa over the next ten years to BDT67.4bn in 2023 (1.5% of

total).

2023

GDP: DIRECT CONTRIBUTION

GDP: TOTAL CONTRIBUTION

supported by the industry, was 3.7% of total employment (2,714,500 jobs). This is expected torise by 4.2% in 2013 to 2,829,500 jobs and rise by 3.2% pa to 3,891,000 jobs in 2023 (4.2% of

total).

12LONG-TERM GROWTH

Forecast 2013-2023


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WTTC Travel & Tourism Economic Impact 20132

Defining the economiccontribution of Travel & Tourism

Travel & Tourism is an important economic activity in most countries around the world. As well as its direct economic

impact, the industry has significant indirect and induced impacts. The UN Statistics Division-approved Tourism Satellite

Accounting methodology (TSA:RMF 2008) quantifies only the direct contribution of Travel & Tourism. But WTTCrecognises that Travel & Tourism's total contribution is much greater, and aims to capture its indirect and inducedimpacts through its annual research.

DIRECT CONTRIBUTION

The direct contribution of Travel & Tourism to GDP reflects the internal spending on Travel & Tourism (total spendingwithin a particular country on Travel & Tourism by residents and non-residents for business and leisure purposes) as

well as government 'individual' spending - spending by government on Travel & Tourism services directly linked to

visitors, such as cultural (eg museums) or recreational (eg national parks).

The direct contribution of Travel & Tourism to GDP is calculated to be consistent with the output, as expressed in

National Accounting, of tourism-characteristic sectors such as hotels, airlines, airports, travel agents and leisureand recreation services that deal directly with tourists.The direct contribution of Travel & Tourism to GDP is calculatedfrom total internal spending by netting out the purchases made by the different tourism sectors. This measure is

consistent with the definition of Tourism GDP, specified in the 2008 Tourism Satellite Account: Recommended

Methodological Framework (TSA: RMF 2008).

TOTAL CONTRIBUTION

The total contribution of Travel & Tourism includes its wider impacts (ie the indirect and induced impacts) on the economy.

The indirect contribution includes the GDP and jobs supported by:

Travel & Tourism investment spending an important aspect of both current and future activity that includesinvestment activity such as the purchase of new aircraft and construction of new hotels;

Government 'collective' spending, which helps Travel & Tourism activity in many different ways as it is made on

behalf of the community at large eg tourism marketing and promotion, aviation,administration, security services, resort area security services, resort area sanitation services, etc;

Domestic purchases of goods and services by the sectors dealing directly with tourists - including, for example,purchases of food and cleaning services by hotels, of fuel and catering services by airlines, and IT services bytravel agents.

The induced contribution measures the GDP and jobs supported by the spending of those who are directly or indirectlyemployed by the Travel & Tourism industry.

PLEASE NOTE THAT DUE TO CHANGES IN METHODOLOGY BETWEEN 2010 AND 2011, IT IS NOT POSSIBLE TO COMPARE FIGURES

PUBLISHED BY WTTC FROM 2011 ONWARDS WITH THE SERIES PUBLISHED IN PREVIOUS YEARS.


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BANGLADESH: DIRECT CONTRIBUTION OF TRAVEL & TOURISM TO GDP

BANGLADESH:TOTAL CONTRIBUTION OF TRAVEL & TOURISM TO GDP

1All values are in constant 2012 prices & exchange rates

3

Travel & Tourism'scontribution to GDP

1

The direct contribution of Travel & Tourism to GDP in 2012 was BDT193.0bn (2.1% of GDP). This is forecast to rise

by 7.7% to BDT207.8bn in 2013.This primarily reflects the economic activity generated by industriessuch as hotels, travel agents, airlines and other passenger transportation services (excluding commuter

services). But it also includes, for example, the activities of the restaurant and leisure industries directly

supported by tourists.

The direct contribution of Travel & Tourism to GDP is expected to grow by 6.4% pa to BDT384.7bn (2.2% of GDP)by 2023.

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induced income impacts, see page 2) was BDT394.8bn in 2012 (4.3% of GDP) and is expected to grow by7.5% to BDT424.3bn (4.4% of GDP) in 2013.

It is forecast to rise by 6.8% pa to BDT819.4bn by 2023 (4.7% of GDP).

Constant 2012 BDTbn


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2012 2013 2023202320230.0

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The total contribution of Travel & Tourism to GDP (including wider effects from investment, the supply chain and


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BANGLADESH: DIRECT CONTRIBUTION OF TRAVEL & TOURISM TO EMPLOYMENT

BANGLADESH:TOTAL CONTRIBUTION OF TRAVEL & TOURISM TO EMPLOYMENT

4

Travel & Tourism generated 1,281,500 jobs directly in 2012 (1.8% of total employment) and this is forecast togrow by 4.4% in 2013 to 1,338,500 (1.8% of total employment).

This includes employment by hotels, travel agents, airlines and other passenger transportation services(excluding commuter services). It also includes, for example, the activities of the restaurant and leisure

industries directly supported by tourists.

By 2023, Travel & Tourism will account for 1,785,000 jobs directly, an increase of 2.9% pa over the next tenyears.

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The total contribution of Travel & Tourism to employment (including wider effects from investment, the supply

By 2023, Travel & Tourism is forecast to support 3,891,000 jobs (4.2% of total employment), an increase of

3.2% pa over the period.

'000 jobs


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Travel & Tourism'scontribution to employment

chain and induced income impacts, see page 2) was 2,714,500 jobs in 2012 (3.7% of total employment). This isforecast to rise by 4.2% in 2013 to 2,829,500 jobs (3.8% of total employment).

2023 2

023


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VISITOR EXPORTS

BANGLADESH:VISITOR EXPORTS AND INTERNATIONAL TOURIST ARRIVALS

INVESTMENT

BANGLADESH:CAPITAL INVESTMENT IN TRAVEL & TOURISM

1All values are in constant 2012 prices & exchange rates

5

Visitor Exports and Investment1

Visitor exports are a key component of the direct contribution of Travel & Tourism. In 2012,

Bangladesh generated BDT7.7bn in visitor exports. In 2013, this is expected to grow by 3.2%, and the countryis expected to attract 391,000 international tourist arrivals.

By 2023, international tourist arrivals are forecast to total 537,000, generating expenditure of BDT12.8bn, an

increase of 4.9% pa.

Constant 2012 BDTbn Foreign visitor exports as % of total exports

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Travel & Tourism is expected to have attracted capital investment of BDT37.3bn in 2012. This is expected torise by 0.5% in 2013, and rise by 6.0% pa over the next ten years to BDT67.4bn in 2023.

Travel & Tourisms share of total national investment will rise from 1.5% in 2013 to 1.5% in 2023.

Constant 2012 BDTbn

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Leisure spending

Business spending

Foreign visitor spending

Domestic spending

Direct

Induced

Indirect

23.9%

5.0%

2.4%1

All values are in constant 2012 prices & exchange rates

73.2%

26.8%

48.9%

19.8%

2.3%

97.7%

31.3%

(c) Government collective

Indirect is the sum of:

(a) Supply chain

(b) Investment

6 WTTC Travel & Tourism Economic Impact 2013

Different components ofTravel & Tourism

1

Bangladesh

Travel & Tourism's Contribution to GDP:

Business vs Leisure, 2012 Leisure travel spending (inbound and domestic)generated 73.2% of direct Travel & Tourism GDPin 2012 (BDT241.9bn) compared with 26.8% for

business travel spending (BDT88.5bn).

Business travel spending is expected to grow by7.4% in 2013 to BDT95.1bn, and rise by 5.6% pato BDT164.8bn in 2023.

Leisure travel spending is expected to grow by7.1% in 2013 to BDT259.0bn, and rise by 6.1% pato BDT467.3bn in 2023.

Bangladesh

Domestic vs Foreign, 2012

Travel & Tourism's Contribution to GDP:

Domestic travel spending generated 97.7% ofdirect Travel & Tourism GDP in 2012 comparedwith 2.3% for visitor exports (ie foreign visitor

spending or international tourism receipts).

Domestic travel spending is expected to grow by7.3% in 2013 to BDT346.2bn, and rise by 6.0% pato BDT619.4bn in 2023.

Visitor exports are expected to grow by 3.2% in

2013 to BDT7.9bn, and rise by 4.9% pa toBDT12.8bn in 2023.

c b a

Bangladesh

Breakdown of Travel & Tourism's Total Contribution to GDP, 2012 The Travel & Tourism industry contributes to GDP

and employment in many ways as detailed onpage 2.

The total contribution of Travel & Tourism to

GDP is twice as large as its direct

contribution.


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2012 2012

(US$bn) (US$bn)

2 China 215.4 2 China 756.5

12 India 35.9 12 India 119.4

15 Thailand 26.5 16 Indonesia 78.4

16 Indonesia 26.2 18 Thailand 61.0

19 Malaysia 21.2 World Average 52.3

World Average 17.2 24 Malaysia 47.4

45 Vietnam 6.2 57 Vietnam 13.0

66 Bangladesh 2.4 76 Sri Lanka 5.3

70 Sri Lanka 2.2 80 Bangladesh 4.8

103 Nepal 0.8 113 Myanmar 1.8

104 Myanmar 0.8 116 Nepal 1.7

2012 2012

'000 jobs '000 jobs

1 India 25040.9 1 China 63779.2

2 China 22756.5 2 India 39511.9

6 Indonesia 2931.4 4 Indonesia 8909.4

7 Thailand 2019.9 7 Thailand 4818.7

8 Vietnam 1831.3 10 Vietnam 3892.112 Bangladesh 1281.5 15 Bangladesh 2714.4



28 Nepal 553.7 31 Nepal 1255.3

44 Myanmar 293.8 41 Myanmar 711.4

45 Sri Lanka 276.2 44 Sri Lanka 663.2

2012 2012

(US$bn) (US$bn)

2 China 103.6 4 China 52.74 India 32.9 11 Thailand 32.9

13 Indonesia 15.0 16 Malaysia 20.4

19 Thailand 7.3 20 India 18.8

23 Malaysia 6.1 34 Indonesia 9.6

World Average 4.2 World Average 6.8

36 Vietnam 3.7 48 Vietnam 5.9


86 Bangladesh 0.5 129 Nepal 0.4


136 Myanmar 0.1 162 Bangladesh 0.1

Travel & Tourism's Direct

Contribution to GDP Contribution to GDP

Travel & Tourism's Total


Contribution to Employment



Travel & Tourism

Capital Investment

Visitor

Exports

The competing destinations selected are those that offer a similar tourism product and compete for tourists from the same set of origin markets.These tend to be, but are not exclusively, geographical neighbours.

The tables on pages 7-10 provide provide brief extracts from the full WTTC Country League Table Rankings, highlighting comparisons withcompeting destinations as well as with the world average.

Country rankings:Absolute contribution, 2012

7WTTC Travel & Tourism Economic Impact 2013


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2012 2012

% share % share


35 Malaysia 7.0 44 Malaysia 15.6


70 Vietnam 4.5 87 Nepal 9.4

72 Nepal 4.3 89 Vietnam 9.4

79 Sri Lanka 3.8 92 China 9.3

102 Indonesia 3.0 94 Sri Lanka 9.1

115 China 2.6 97 Indonesia 8.9

142 Bangladesh 2.1 128 India 6.6

149 India 2.0 169 Bangladesh 4.3


2012 2012

% share % share




56 India 4.9 96 China 8.3

84 Vietnam 3.8 99 Nepal 8.288 Nepal 3.6 100 Sri Lanka 8.2

93 Sri Lanka 3.4 101 Vietnam 8.1

101 China 3.0 103 Indonesia 8.0

115 Indonesia 2.6 107 India 7.7

157 Bangladesh 1.8 169 Bangladesh 3.7


2012 2012

% share % share

62 Vietnam 8.3 42 Nepal 24.0World Average 8.1 World Average 16.6

66 Malaysia 7.7 73 Thailand 12.1

75 Thailand 6.8 79 Sri Lanka 10.3

82 India 6.2 94 Malaysia 7.7

97 Indonesia 5.2 122 Vietnam 4.6

114 Nepal 4.1 126 Indonesia 4.4

136 Sri Lanka 3.2 128 India 4.2

147 China 2.8 158 China 2.4

175 Bangladesh 1.6 168 Myanmar 1.6

182 Myanmar 0.9 178 Bangladesh 0.4

Contribution to Total Capital Investment

Visitor Exports

Contribution to Total Exports








Travel & Tourism Investment


Country rankings:Relative contribution,2012

8


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2013 2013

% growth % growth


17 Vietnam 7.9 17 China 8.0

20 China 7.8 20 Sri Lanka 7.8


24 Myanmar 7.6 24 Thailand 7.4

27 Sri Lanka 7.4 25 Nepal 7.4


32 India 7.0 28 India 7.3

42 Thailand 6.2 29 Vietnam 7.3



2013 2013

% growth % growth


30 Nepal 7.0 12 Nepal 7.1



47 Bangladesh 4.4 36 Bangladesh 4.2107 Vietnam 4.2 52 Vietnam 3.6




132 China 0.1 112 China 1.0

96 India -0.6 139 India -0.2

2013 2013

% growth % growth

4 Thailand 15.9 2 Indonesia 15.424 Indonesia 8.6 9 Myanmar 10.9

33 Nepal 8.2 14 Sri Lanka 9.4

53 China 6.1 18 India 8.7

55 Myanmar 6.1 24 China 7.9

64 India 5.5 34 Malaysia 6.8

66 Sri Lanka 5.5 37 Vietnam 6.7

World Average 3.9 49 Thailand 5.7

101 Malaysia 3.8 87 Bangladesh 3.2

103 Vietnam 3.6 World Average 2.8

150 Bangladesh 0.5 108 Nepal 2.1

Travel & Tourism

Investment

Visitor

Exports








Country rankings:Real growth, 2013

9WTTC Travel & Tourism Economic Impact 2013


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2013 - 2023 2013 - 2023

% growth pa % growth pa

2 China 8.7 1 China 8.9

4 India 7.8 3 India 7.9

11 Thailand 6.8 12 Bangladesh 6.8

14 Vietnam 6.7 13 Thailand 6.5

15 Bangladesh 6.4 16 Vietnam 6.3



58 Malaysia 5.0 52 Myanmar 5.1

61 Myanmar 5.0 66 Malaysia 4.8

85 Nepal 4.5 88 Nepal 4.5


2013 - 2023 2013 - 2023



26 Malaysia 3.5 26 Nepal 3.4

30 Nepal 3.4 30 China 3.3


91 Indonesia 2.2 38 Malaysia 3.296 India 2.1 World Average 2.5

World Average 2.0 80 Indonesia 2.3

107 Vietnam 1.9 96 India 2.1


132 China 1.4 124 Vietnam 1.4


2013 - 2023 2013 - 2023


2 China 9.2 5 Thailand 8.04 Thailand 8.1 7 Indonesia 7.8

15 Indonesia 7.2 12 Vietnam 7.1


24 India 6.5 15 China 6.9

36 Vietnam 6.1 33 India 5.7

38 Bangladesh 6.0 43 Malaysia 5.4


55 Malaysia 5.6 67 Bangladesh 4.9

World Average 5.0 95 Nepal 4.1

100 Nepal 4.4 World Average 4.0








Travel & Tourism Investment

Contribution to Capital Investment

Visitor Exports

Contribution to Exports


Country rankings:Long term growth, 2013 - 2023

0


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2013

Bangladesh BDTbn % of total Growth2 BDTbn % of total Growth3

Direct contribution to GDP 193.0 2.1 7.7 384.7 2.2 6.4

Total contribution to GDP 394.8 4.3 7.5 819.4 4.7 6.8

Direct contribution to employment4

1,282 1.8 4.4 1,785 1.9 2.9

Total contribution to employment4

2,714 3.7 4.2 3,891 4.2 3.2

Visitor exports 7.7 0.4 3.2 12.8 0.5 4.9

Domestic spending 322.7 3.5 7.3 619.4 3.6 6.0

Leisure spending 241.9 1.5 7.1 467.3 1.6 6.1

Business spending 88.5 0.6 7.4 164.8 0.6 5.6

Capital investment 37.3 1.6 0.5 67.4 1.5 6.0

12012 constant prices & exchange rates;

22013 real growth adjusted for inflation (%);

32013-2023 annualised real growth adjusted for inflation (%);

4'000 jobs

2013

Asia Pacific US$bn % of total Growth2 US$bn % of total Growth3

Direct contribution to GDP 614.0 2.7 4.8 1,155.3 3.0 6.0

Total contribution to GDP 1,925.5 8.6 4.9 3,665.8 9.6 6.1


64,659 3.5 0.9 79,845 3.9 2.0

Total contribution to employment

4

146,673 8.0 1.5 194,076 9.4 2.7

Visitor exports 329.3 4.6 5.1 585.9 3.9 5.4

Domestic spending 1,037.2 4.6 5.0 2,013.4 5.3 6.3

Leisure spending 1,021.6 2.0 5.0 1,976.3 2.2 6.3

Business spending 344.9 0.7 4.1 623.0 0.7 5.6

Capital investment 272.8 3.8 5.0 554.5 4.2 6.8

12012 constant prices & exchange rates;



4'000 jobs

2013

Worldwide US$bn % of total Growth2 US$bn % of total Growth3

Direct contribution to GDP 2,056.6 2.9 3.1 3,249.2 3.1 4.4

Total contribution to GDP 6,630.4 9.3 3.2 10,507.1 10.0 4.4


101,118 3.4 1.2 125,288 3.7 2.0

Total contribution to employment4

261,394 8.7 1.7 337,819 9.9 2.4

Visitor exports 1,243.0 5.4 3.1 1,934.8 4.8 4.2

Domestic spending 2,996.3 4.2 3.2 4,831.2 4.7 4.6

Leisure spending 3,222.1 2.2 3.2 5,196.0 2.3 4.6

Business spending 1,017.4 0.7 3.1 1,572.8 0.7 4.1

Capital investment 764.7 4.7 4.2 1,341.4 4.9 5.312012 constant prices & exchange rates;



4'000 jobs

2023

2012 2023

2012 2023

2012

2012

2012 2012

% of total refers to each indicator's share of the relevant whole economy indicator such as GDP and employment. Visitor exports is shown relative to total exports of goods and services.


Summary tables:Estimates & Forecasts

1

1

1

1

1

1

Domestic spending is expressed relative to whole economy GDP. For leisure and business spending, their direct contribution to Travel & Tourism GDP is calculated as a share of

whole economy GDP (the sum of these shares equals the direct contribution). Investment is relative to whole economy investment


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2007 2008 2009 2010 2011 2012 2013E 2023F

Domestic expenditure

(includes government individual spending)

3. Internal tourism consumption

(= 1 + 2 )

4. Purchases by tourism providers,

including imported goods

(supply chain)

5. Direct contribution of


(= 3 + 4)

Other final impacts

(indirect & induced)

6. Domestic supply chain

11. Total contribution ofTravel & Tourism to GDP

(= 5 + 6 + 7 + 8 + 9 + 10)

Employment impacts ('000)

12.

Other indicators

14. Expenditure on outbound travel

177.2

13.

46.8 60.7 46.9

Total contribution of Travel & Tourism

to employment2943.2 2959.4 2695.8

72.5 78.3

1252.9 1281.6

394.8

2648.0 2633.5 2714.4

20.09.4 10.0 10.6

-23.9

84.872.4

6.9 7.0 7.5 8.1

35.0 37.3 37.5 67.419.5 29.9 31.0 33.1

86.9 89.5 94.2 99.8

90.7

Direct contribution of Travel & Tourism toemployment

Imported goods from indirect spending

10.

-7.8 -10.2 -16.2 -19.5 -23.4 -23.6

61.2 54.7 50.9 48.7

9.

356.5 369.7

7. Capital investment

8. Government collective spending

89.2 91.5

Induced

352.2 369.1 350.0

72.0 74.0 72.7

1389.4 1367.6 1247.5 1240.5

2829.3

384.7

3891.3

819.4

1338.3 1784.8

424.3

107.5 199.1

-29.0

619.4

277.4 287.9 283.7 293.4 313.7 330.4 354.1 632.1

7.2 12.8

2. 270.3 281.6 278.3 286.2 306.9 322.7 346.2

Bangladesh

(BDTbn, real 2012 prices)

1. Visitor exports 6.8 7.7 7.9

-104.9 -111.0 -120.4-115.7

7.1 6.2 5.5

-247.4

168.1 173.0 182.1

-131.7 -137.5 -146.3

172.5 176.9 193.0 207.8


The economic contribution ofTravel & Tourism: Real 2012 prices


17/28

2007 2008 2009 2010 2011 2012 2013E 2023F




(= 1 + 2 )



(supply chain)



(= 3 + 4)

Other final impacts




(= 5 + 6 + 7 + 8 + 9 + 10)


12.

Other indicators


Historical data for concepts has been benchmarked to match reported TSA data where available.

*Concepts shown in this table align with the standard table totals as described in the 2008Tourism Satellite Account: RecommendedMethodological Framework (TSA: RMF 2008) developed by the United Nations Statistical Division (UNSD), the Statistical Office

of the European Communities (EUROSTAT), the Organisation for Economic Co-operation and Development (OECD) and the World TourismOrganization (UNWTO).

314.7

13.

32.5 45.9 37.7


to employment2943.2 2959.4 2695.8

62.0 66.8 78.3

1252.9 1281.6

394.8

2648.0 2633.5 2714.4

35.54.8 5.3 6.0 6.9 8.6 10.0 11.4

32.2 37.3 40.3 119.713.5 22.6 24.9 28.3

69.8 76.6 86.7 99.8

161.1



10.

-5.4 -7.7 -13.0 -16.7 -21.6 -23.6

52.4 50.3 50.9 52.3

9.

305.2 340.4



61.9 69.1

91.1Induced

244.4 278.6 281.1

49.9 55.8 58.4

1389.4 1367.6 1247.5 1240.5

2829.3

683.2

3891.3

1455.2

1338.3 1784.8

456.2

115.6 353.5

-25.6 -51.6

1099.9

192.5 217.3 227.9 251.2 288.8 330.4 1.7 1122.6

6.1 22.7

2. 187.6 212.6 223.5 245.0 282.6 322.7 372.1

Bangladesh

(BDTbn, nominal prices)

1. Visitor exports 6.2 7.7 8.5

-72.8 -83.8 -103.1-92.9

4.9 4.7 4.4

-439.3

135.0 148.1 167.6

-121.2 -137.5 221.7

119.7 133.5 193.0 223.4


The economic contribution of

Travel & Tourism: Nominal prices


18/28

2007 2008 2009 2010 2011 2012 2013E 2023F 2




(= 1 + 2 )



(supply chain)



(= 3 + 4)

Other final impacts




(= 5 + 6 + 7 + 8 + 9 + 10)


12.

Other indicators


3.2

6.4

4.7

7.7

6.8

2.9

6.4

6.0

6.5

4.9

6.0

6.0

5.44.4 6.4

6.46.0 2.5 6.0 7.7-5.0 2.9 5.3

3.2

9.0 5.8 4.14.2

-9.0 -12.4 -12.6 31.5

9.4

Bangladesh

Growth1 (%)

1. Visitor exports

5.2

-5.4

2. 7.6 4.2 -1.2

13.5

7.3

7.1 3.8 -1.4 3.4 7.0 5.3 7.2

2.8 7.2

4.2

4.4

7.5

7.7

4.7

8.3

0.5

6.3

2.5

Induced

6.2 4.8

5.7 2.8

4.2 53.7

-4.3

9.

1.8 3.7



6.0

-0.6

-6.930.5 -10.7

-1.8 -0.5

-5.2

-1.8



-1.6 -8.8

10.

3.1

1.6

6.7

15.5 6.8

10.0 12.0

3.8 6.5

-5.0 2.9 5.3 6.0

5.7

3.1

6.6 2.0 6.0 8.5

3.68.9 13.4

-0.4 0.2 7.9

1.0 2.3

6.8

12007-2012 real annual growth adjusted for inflation (%);

22013-2023 annualised real growth adjusted for inflation (%)

13.

13.8 29.8 -22.7


to employment1.8 0.6 -8.9


The economic contribution ofTravel & Tourism: Growth



Glossary

KEy DEfInITIOnSTrvel & Toris relates to the activity o travellers ontrips outside their usual environment with a duration o less

than one year. Economic activity related to all aspects o

such trips is measured within the research.

Direct cotribtio to GDP GDP generated by

industries that deal directly with tourists, including hotels,

travel agents, airlines and other passenger transport

services, as well as the activities o restaurant and leisure

industries that deal directly with tourists. It is equivalent to

total internal Travel & Tourism spending (see below) within

a country less the purchases made by those industries

(including imports). In terms o the UNs Tourism Satellite

Account methodology it is consistent with total GDP

calculated in table 6 o the TSA: RMF 2008.

Direct cotribtio to eploet the number o

direct jobs within the Travel & Tourism industry. This is

consistent with total employment calculated in table 7 o the

TSA: RMF 2008.

Totl cotribtio to GDP GDP generated directly by

the Travel & Tourism industry plus its indirect and induced

impacts (see below).

Totl cotribtio to eploet the number o jobs

generated directly in the Travel & Tourism industry plus the

indirect and induced contributions (see below).

DIRECT SPEnDInG ImPaCTS

Visitor exports spending within the country by

international tourists or both business and leisure trips,

including spending on transport, but excluding international

spending on education. This is consistent with total inbound

tourism expenditure in table 1 o the TSA: RMF 2008.

Doestic Trvel & Toris spedig spending within

a country by that countrys residents or both business andleisure trips. Multi-use consumer durables are not included

since they are not purchased solely or tourism purposes.

This is consistent with total domestic tourism expenditure

in table 2 o the TSA: RMF 2008. Outbound spending by

residents abroad is not included here, but is separately

identied according to the TSA: RMF 2008 (see below).

Goveret idividl spedig spending by

government on Travel & Tourism services directly linked

to visitors, such as cultural (eg museums) or recreational

(eg national parks).

Iterl toris cosptio total revenue generated

within a country by industries that deal directly with tourists

including visitor exports, domestic spending and government

individual spending. This does not include spending abroad

by residents. This is consistent with total internal tourism

expenditure in table 4 o the TSA: RMF 2008.

Bsiess Trvel & Toris spedig spending

on business travel within a country by residents and

international visitors.

Leisre Trvel & Toris spedig spending on leisure

travel within a country by residents and international visitors.

InDIRECT anD InDuCED ImPaCTSIdirect cotribtio the contribution to GDP and jobs o

the ollowing three actors:

Capitalinvestment includes capital investment

spending by all sectors directly involved in the Travel

& Tourism industry. This also constitutes investment

spending by other industries on specic tourism assets

such as new visitor accommodation and passenger

transport equipment, as well as restaurants and leisure

acilities or specic tourism use. This is consistent with

total tourism gross xed capital ormation in table 8 o the

TSA: RMF 2008.

Governmentcollectivespending general government

spending in support o general tourism activity. This can

include national as well as regional and local government

spending. For example, it includes tourism promotion,

visitor inormation services, administrative services and

other public services. This is consistent with total collective

tourism consumption in table 9 o TSA: RMF 2008.

Supply-chaineffects purchases o domestic goods

and services directly by dierent sectors o the Travel &

Tourism industry as inputs to their nal tourism output.

Idced cotribtio the broader contribution to GDP

and employment o spending by those who are directly or

indirectly employed by Travel & Tourism.

OThER InDICaTORS

Otbod expeditre spending outside the country

by residents on all trips abroad. This is ully aligned with total

outbound tourism expenditure in table 3 o the TSA: RMF 2008.

foreig visitor rrivls the number o arrivals o oreign

visitors, including same-day and overnight visitors (tourists) to

the country.


20/28WTTC Travel & TourismEconomic Impact 201316

WTTC has an on-going commitment to align its economic impact research with the UN StatisticsDivision-approved 2008 Tourism Satellite Account: Recommended Methodological Framework (TSA:RMF 2008)and has made small revisions to the research both this year and in 2012, ollowing a ull renement in 2011.This has involved urther benchmarking o country reports to ocial, published TSAs, including or countrieswhich are reporting data or the rst time, as well as existing countries reporting an additional years data.New country TSAs incorporated this year were Jordan, Italy and Sweden. As part o the alignment process in2012, international travel expenditure infows and outfows related to education were excluded rom the data.Three new countries have been added in 2013 (Georgia, Iraq and Uzbekistan), bringing the total countriescovered to 184 country reports. Additionally, we also produce a world report and reports on 17 world regionsand sub-regions. This year there are 7 reports or special economic and geographic groups, including, or therst time, the Organization o American States (OAS) and the Commonwealth.

Ecooic d Geogrpic GropsaPEC (aSIa-PaCIfIC ECOnOmIC COOPERaTIOn)Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand,Papua New Guinea, Peru, Philippines, Russian Federation, Singapore, Taiwan, Thailand, USA, Vietnam.

G20Argentina, Australia, Brazil, Canada, China, European Union, France*, Germany*, India, Indonesia, Italy*, Japan,Mexico, Russian Federation, Saudi Arabia, South Arica, South Korea, Turkey, UK*, USA.

mEDITERRanEanAlbania, Algeria, Bosnia Herzegovina, Croatia, Cyprus, Egypt, France, Greece , Israel, Italy, Lebanon, Libya,Malta, Montenegro, Morocco, Serbia, Slovenia, Spain, Syria, Tunisia, Turkey, Jordan, Macedonia, Portugal.

OaS (ORGanIzaTIOn Of amERICan STaTES)Argentina, Antigua and Barbuda, Bahamas, Barbados, Belize, Bolivia, Brazil, Canada, Chile, Colombia,Costa Rica, Cuba, Dominican Republic, Dominica, Ecuador, El Salvador, Grenada, Guatemala, Guyana, Haiti,Honduras, Jamaica, Mexico, St Kitts and Nevis, Nicaragua, Panama, Paraguay, Peru, St Lucia,St Vincent and the Grenadines, Suriname, Trinidad and Tobago, USA, Uruguay.

OECD (ORGanISaTIOn fOR ECOnOmIC CO-OPERaTIOn anD DEVELOPmEnT)Australia, Austria, Belgium, Canada, Chile, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece,Hungary, Iceland, Ireland, Israel, Italy, Japan, South Korea, Luxembourg, Mexico, Netherlands,New Zealand, Norway, Poland, Portugal, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, UK, USA.

OThER OCEanIaAmerican Samoa, Cook Islands, French Polynesia, Guam, Marshall Islands, Micronesia (Federated States o),New Caledonia, Niue, Northern Mariana Islands, Palau, Somoa, Tuvalu.

SaDC (SOuThERn afRICan DEVELOPmEnT COmmunITy)Angola, Botswana, Democratic Republic o Congo (DRC), Lesotho, Madagascar, Malawi, Mauritius,Mozambique, Namibia, Seychelles, South Arica, Swaziland, Tanzania, Zambia, Zimbabwe.

ThE COmmOnWEaLThAnguilla, Antigua and Barbuda, Australia, Bahamas, Bangladesh, Barbados, Belize, Bermuda, Botswana,Brunei, Cameroon, Canada, Cayman Islands, Cyprus, Dominica, Gambia, Ghana, Grenada, Guyana, India,Jamaica, Kenya, Kiribati, Lesotho, Malawi, Malaysia, Maldives, Malta, Mauritius, Mozambique, Namibia, Nigeria,

New Zealand, Pakistan, Papua New Guinea, Rwanda, South Arica, Seychelles, Sierra Leone, Singapore,Solomon Islands, Sri Lanka, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Swaziland, Tanzania,Tonga, Trinidad and Tobago, Uganda, UK, British Virgin Islands, Vanuatu, Zambia.

*included in European Union

Methodological note



WORLD

Economic impact reports:Regions, sub-regions and countries

RegionSub-

RegionCountRy

AfRiCA

noRth

AfRiCA

Algeria

Egypt

Libya

Morocco

Tunisia

Sub-SAhARAn

Angola

Benin

Botswana

Burkina Faso

Burundi

Cameroon

Cape Verde

Central AfricanRepublic

Chad

Comoros

DemocraticRepublic of Congo

Ethiopia

Gabon

Gambia

Ghana

GuineaIvory Coast

Kenya

Lesotho

Madagascar

Malawi

Mali

Mauritius

Mozambique

Namibia

Niger

Nigeria

Republic of Congo

Reunion

Rwanda

Sao Tome &Principe

Senegal

Seychelles

Sierra Leone

South Africa

Sudan

Swaziland

Tanzania

Togo

Uganda

Zambia

Zimbabwe

RegionSub-

RegionCountRy

euRope

euRopeAn

union

Lithuania

Luxembourg

Malta

Netherlands

Poland

Portugal

Romania

Slovakia

Slovenia

Spain

Sweden

UK

otheR

euRope

Albania

Armenia

Azerbaijan

Belarus

BosniaHerzegovina

Croatia

Georgia

Iceland

Kazakhstan

Kyrgyzstan

Macedonia

Moldova

Montenegro

Norway

RussianFederation

Serbia

Switzerland

Turkey

Ukraine

Uzbekistan

MiddleeASt

Bahrain

Iran

Iraq

Israel

Jordan

Kuwait

Lebanon

Oman

Qatar

Saudi Arabia

Syria

UAE

Yemen

RegionSub-

RegionCountRy

ASiA-pACifiC

noRtheAStASiA

Japan

China

Hong Kong

South Korea

Macau

Taiwan

Mongolia

oCeAniA

Australia

New Zealand

FijiKiribati

Other Oceania

PapuaNew Guinea

Solomon Islands

Tonga

Vanuatu

SouthASiA

Bangladesh

India

Maldives

Nepal

PakistanSri Lanka

SoutheAStASiA

Brunei

Cambodia

Indonesia

Laos

Malaysia

Myanmar

Philippines

Singapore

Thailand

Vietnam

euRope

euRopeAn

union

Austria

Belgium

Bulgaria

Cyprus

Czech Republic

Denmark

Estonia

Finland

France

Germany

Greece

Hungary

Ireland

Italy

Latvia

RegionSub-

RegionCountRy

AMeRiCAS

CARibbeAn

Anguilla

Antigua &Barbuda

Aruba

Bahamas

Barbados

Bermuda

Cayman Islands

Cuba

FormerNetherlandsAntilles

Dominica

DominicanRepublic

Grenada

Guadeloupe

Haiti

Jamaica

Martinique

Puerto Rico

St Kitts & Nevis

St Lucia

St Vincent & theGrenadines

Trinidad &Tobago

UK Virgin Islands

US Virgin Islands

lAtinAMeRiCA

Argentina

Belize

Bolivia

Brazil

Chile

Colombia

Costa Rica

El Salvador

Ecuador

Guatemala

Guyana

Honduras

Nicaragua

Panama

Paraguay

Peru

Suriname

Uruguay

Venezuela

noRth

AMeRiCA Canada

Mexico

USA


22/28

Every trip that is taken helps to boost our global economy by trillions

of dollars and supports 260 million jobs worldwide. Thats almost

1 in 11 of all the jobs on our planet. So, thanks for playing your

part in Travel & Tourism one of the worlds greatest industries.

for ore iortio o te

World Trvel & Toris Cocil visit wttc.org

Travel with thefeelgood factor



ThE WORLD TRaVEL & TOuRISm COunCILIS ThE fORum fOR BuSInESS LEaDERS In ThETRaVEL & TOuRISm InDuSTRy.

With the Chairs and Chie Executives o the 100 oremost Travel & Tourism companies as its

members, WTTC has a unique mandate and overview on all matters related to Travel & Tourism.

WTTC works to raise awareness o Travel & Tourism as one o the worlds largest industries,

supporting over 260 million jobs and generating 9% o global GDP in 2012.

Together with its research partner, Oxord Economics, WTTC produces comprehensive reports

on an annual basis - to quantiy, compare and orecast the economic impact o Travel & Tourism

on 184 economies around the world. It also publishes a World report highlighting global trends,

as well as reports on regions, sub-regions and economic and geographic groups.

To download one-page summaries, the ull reports or spreadsheets, visi t www.wttc.org

aSSISTInG WTTC TO PROVIDE TOOLS fOR anaLySIS,BEnChmaRKInG, fORECaSTInG anD PLannInG.

Over the last 30 years, Oxord Economics has built a diverse and loyal client base o over 700

organisations worldwide, including international organisations, governments, central banks,

and both large and small businesses. Headquartered in Oxord, England, with oces in

London, Belast, Paris, the UAE, Singapore, Philadelphia, New York and San Francisco, Oxord

Economics employs over 80 ull-time, highly qualied economists and data analysts, while

maintaining links with a network o economists in universities worldwide.

For more inormation, please take advantage o a ree trial on our website,

www.oxordecooics.co, or contact Frances Nicholls, Head o Business Development,

Oxord Economics Ltd, Broadwall House, 21 Broadwall, London SE1 9PL.

Tel: +44 (0)207 803 1418, email: nichol [email protected]



ChaIRman

TUI DEUTSCHLAND GMBH& TUIFLY GMBHDr Michael FrenzelChairman o the Executive Board

PRESIDEnT & CEO

WORLD TRAVEL &TOURISM COUNCILDavid Scowsill

VICE ChaIRmEn

BEIJING TOURISM GROUPDUAN QiangChairman

ETIHAD AIRWAYSJames HoganCEO

GLOBAL LEISURE PARTNERSMark HarmsChairman & CEO

JUMEIRAH GROUPGerald LawlessPresident & Group CEO

MANDARIN ORIENTALEdouard EttedguiGroup Chie Executive

SILVERSEA CRUISESManredi Leebvre dOvidio diBalsorano de ClunieresChairman

THE TRAVEL CORPORATIONBrett TollmanPresident & Chie Executive

WYNDHAM WORLDWIDEStephen P HolmesChairman & CEO

EXECuTIVE COmmITTEE

ABERCROMBIE & KENTGeorey J W KentFounder, Chairman & CEO

ACCORDenis HennequinChairman & CEO

AMERICAN EXPRESS COMPANYWilliam GlennPresident, Global Merchant NetworkGroup

BHARAT HOTELSJyotsna SuriChairperson & Managing Director

CARLSON

Douglas AndersonPresident & CEO Carlson Wagonlit Travel

EMIRATES

Gary ChapmanPresident Group Services & Dnata,Emirates Group

HILTON WORLDWIDEChristopher J NassettaPresident & CEO

INTERCONTINENTAL HOTELS GROUPRichard SolomonsChie Executive

MARRIOTT INTERNATIONALJW Marriott, JrChairman

Arne M Sorenson

President & CEO

OUTRIGGER ENTERPRISES GROUPDr Richard R KelleyChairman Emeritus

REVOLUTION PLACESPhilippe Bourguignon

Vice Chairman

RIOFORTE INVESTMENTS SAManuel Fernando Esprito SantoChairman

SABRE HOLDINGSTom KleinPresident

SHUN TAK HOLDINGSPansy HoManaging Director

JTB CORPHiromi TagawaPresident & CEO

TRAVEL GUARD WORLDWIDEJerey C RutledgeChairman & CEO

TRAVELPORTGordon WilsonPresident & CEO

TSOGO SUN GROUPJabu MabuzaDeputy Chairman

VISITBRITAINChristopher Rodrigues, CBEChairman

GLOBaL mEmBERS

ALTOURAlexandre ChemlaPresident

AMADEUS IT GROUP SALuis Maroto

President & CEO

AVIS BUDGET GROUPRonald L NelsonChairman & CEO

BEIJING CAPITAL

INTERNATIONAL AIRPORT CODONG ZhiyiChairman

ZHANG GuanghuiPresident & CEO

BEIJING TOURISM GROUPLIU YiPresident

BEST DAY TRAVELFernando Garca ZalvideaPresident & Founder

BOSCOLO GROUPGiorgio Boscolo

CEO

BRITISH AIRWAYSKeith WilliamsChie Executive Ocer

CANNERY ROW COMPANYTed J BalestreriChairman & CEO

CHINA INTERNATIONAL TRAVELSERVICE, HEAD OFFICE (CITS)

YU NingningPresident

CHINA SOUTHERN AIRLINESTAN Wangeng

President & CEO

COSTA CRUISESPier Luigi FoschiChairman o the Board

CTRIP.COM INTERNATIONALMin FanCEO

DEPARTMENT OF TOURISM &COMMERCE MARKETING,GOVERMENT OF DUBAIKhalid A bin SulayemDirector General

DIAMOND RESORTS

Stephen J CloobeckFounder & Chairman

DLA PIPERSir Nigel KnowlesCo-CEO & Managing Partner

DUBAILANDMohammed Al HabbaiCEO

DUBAI AIRPORTS INTERNATIONALPaul GrifthsCEO

EAST JAPAN RAILWAY COMPANYSatoshi Seino

Chairman & Director

EXPEDIA INCDara KhosrowshahiPresident & CEO

FAIRMONT HOTELS & RESORTS

Jennier FoxPresident

GLOBAL BLUE GROUPPer SetterbergPresident & CEO

HERTZ CORPORATIONMark FrissoraChairman & CEO,

Michel TaridePresident, Hertz International

HNA GROUPCHEN FengChairman o the Board

HOGG ROBINSON GROUPDavid RadclieChie Executive

HONG KONG & SHANGHAI HOTELSClement KwokCEO & MD

HOTELPLAN GROUPHans Lerch

Vice Chairman & CEO

HUANGSHAN TOURISM GROUPXU JiweiChairman

HYATT HOTELS CORPORATIONMark S HoplamazianPresident and CEO

IBMMarty SalenGeneral Manager, Global Travel &

Transportation Industry

INDIAN HOTELS COMPANYRK Krishna Kumar

Vice Chairman

INTERNATIONAL AIRLINES GROUPWillie WalshChie Executive

INTERSTATE HOTELS & RESORTSJim AbrahamsonCEO

JONES LANG LASALLE HOTELSArthur de HaastChairman

LEBUA HOTELS & RESORTSRattawadee BualertPresident

Deepak OhriCEO

LOEWS HOTELSJonathan M Tisch

Chairman & CEO

LOS ANGELES WORLD AIRPORTSGina Marie LindseyExecutive Director

WTTC Members



WTTC Members

LOTTE

Dong-Bin ShinChairman

MELI HOTELS INTERNATIONALSebastin Escarrer

Vice Chairman

MESSE BERLIN GMBHRaimund HoschPresident & CEO

MGM RESORTSINTERNATIONALJim MurrenCEO

MISSION HILLS GROUPDr Ken ChuChairman & CEO

ORBITZ WORLDWIDEBarney HarordCEO

OTI HOLDINGAyhan BektasChairman

OZALTIN HOLDINGznur zdemir

Vice Chairman

PALACE RESORTS

Jos Chapur ZahoulPresident

PAN PACIFIC HOTEL GROUPPatrick ImbardelliPresident & CEO

QUNARCC ZhuangCo-Founder & CEO

RADISSON EDWARDIAN HOTELSJasminder SinghChairman & CEO

REED TRAVEL EXHIBITIONS

Richard MortimoreManaging Director

RELAIS & CHTEAUXJaume TpiesPresident

ROYAL CARIBBEAN CRUISESRichard D FainChairman & CEO

R TAUCK & PARTNERSRobin TauckPresident

S-GROUP CAPITALMANAGEMENT

Vladimir YakushevManaging Partner

SHANGRI-LA INTERNATIONAL HOTEL

MANAGEMENTGreg DoganPresident & CEO

SHANGHAI JIN JIANG INTERNATIONALHOTELS

YANG WeiminCEO

SOUTH AFRICAN AIRWAYSSizakele MzimelaCEO

SPRING INTERNATIONALTRAVEL SERVICESYU Wan

Vice-President

STARWOOD HOTELS & RESORTSWORLDWIDEFrits D van PaasschenPresident & CEO

TAJ HOTELS RESORTS & PALACESRaymond BicksonManaging Director & CEO

TAP PORTUGALFernando PintoCEO

TRANSAERO AIRLINESAlexander PleshakovChairman

TRAVEL LEADERSMichael BattChairman & CEO

UNITED AIRLINESJe SmisekPresident & CEO

Jim ComptonExecutive Vice President & Chie Rev-enue Ocer

VALUE RETAILDesiree Bollier

CEO

VIRTUOSOMatthew D Upchurch CTCCEO

WILDERNESS SAFARISAndy PayneCEO

ZAGAT SURVEY LLCTim ZagatCo-Founder, Co-Chair & CEO

InDuSTRy PaRTnERS

BOSTON CONSULTING GROUPDr Achim FechtelSenior Partner & Managing Director

Dr Daniel StelterSenior Partner & Managing Director

THE COCA-COLA COMPANYSteie D miller

Group Vice President, StrategicPartnership Marketing

DELOITTEAdam WeissenbergVice Chairman & Partner, Deloitte &Touche LLP

GOOGLERob Torres

Managing Director or Travel

JCBKoreits Soi

President & Chie Operating Ocer

SPENCER STUARTJerry NoonanGlobal Consumer Leader

TOSHIBA CORPORATIONatstosi nisid

Chairman o the Board

REGIOnaL mEmBERS

APPLE LEISURE GROUPAlex ZozayaCEO

DOURO AZULMario Ferreira

CEO

EL CID RESORTSCarlos BerdeguCEO

JA RESORTS AND HOTELSKevin WallacePresident & CEO

MAKEMYTRIP.COMDeep KalraFounder & Chie Executive

NORTHERN CAUCACUS RESORTSAlexey AnatolyevichDirector General

ROTANA HOTEL MANAGEMENTCORPORATIONSelim El ZyrPresident & CEO

SHKP HOTELSRicco De BlankCEO

SWAIN TOURSIan SwainPresident

TREND OPERADORA LTDALuis Paulo Luppa

CEO

hOnORaRy mEmBERS

ACCORGrard PlissonCo-Chairman,Supervisory Board

AMERICAN EXPRESS COMPANYJonathan S Linen

Adviser to Chairman

ANDR JORDAN GROUPAndr JordanChairman

THE HERTZ CORPORATIONFrank OlsenRetired Chairman o the Board

TOSCANA VILLE & CASTELLITommaso ZanzottoPresident

UNIVERSAL MEDIACarl RudermanChairman

ChaIRman EmERITuS

RRE VENTURESJames D Robinson IIIGeneral PartnerWTTC Chairman (1990-1994)

ImmEDIaTE PaST

ChaIRmanABERCROMBIE & KENTGeorey J W KentFounder, Chairman & CEOWTTC Chairman (2007-2012)

fORmER ChaIRmEn

GLOBAL ALLIANCE ADVISORS LLCVincent A WolfngtonChairman

WTTC Chairman (2004-2007)INTERCONTINENTAL HOTELS GROUPSir Ian ProsserRetired ChairmanWTTC Chairman (2001-2003)

AMERICAN EXPRESSHarvey GolubRetired Chairman & CEOWTTC Chairman (1996-2001)

ROBERT H BURNS HOLDINGSRobert H BurnsChairmanWTTC Chairman (1994-1996)

ImmEDIaTE PaSTPRESIDEnT

CREWE ASSOCIATESJean-Claude Baumgarten

Chairman & MD



Notes


28/28

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Sovereign Court,

London E1W 3HA

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