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."
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.