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Global travel industry seen 'resilient' despite slowing growth
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<blockquote data-quote="cheryl" data-source="post: 912" data-attributes="member: 1"><p><a href="https://www.reuters.com/article/us-travel-global-idUSKCN1QM250" target="_blank"><strong>Global travel industry seen 'resilient' despite slowing growth - Reuters</strong></a></p><p></p><p>The global travel industry is likely to expand by 4 percent in 2019 despite slowing economic growth in key areas such China and Europe, but a no-deal Brexit could wipe out 700,000 travel-related jobs, a top industry association said on Tuesday. </p><p></p><p>The travel and tourism sector grew 3.9 percent to $8.8 trillion in 2018, accounting for 10.5 percent of global gross domestic product, and outpacing global GDP growth of 3.2 percent, Gloria Guevara, president and chief executive of the World Travel & Tourism Council (WTTC), told Reuters. </p><p></p><p>Based on data from 185 countries, the group forecasts steady growth of 4 percent this year, given continued demand from China, the second largest travel and tourism market behind the United States, and other countries in Asia.</p></blockquote><p></p>
[QUOTE="cheryl, post: 912, member: 1"] [URL='https://www.reuters.com/article/us-travel-global-idUSKCN1QM250'][B]Global travel industry seen 'resilient' despite slowing growth - Reuters[/B][/URL] The global travel industry is likely to expand by 4 percent in 2019 despite slowing economic growth in key areas such China and Europe, but a no-deal Brexit could wipe out 700,000 travel-related jobs, a top industry association said on Tuesday. The travel and tourism sector grew 3.9 percent to $8.8 trillion in 2018, accounting for 10.5 percent of global gross domestic product, and outpacing global GDP growth of 3.2 percent, Gloria Guevara, president and chief executive of the World Travel & Tourism Council (WTTC), told Reuters. Based on data from 185 countries, the group forecasts steady growth of 4 percent this year, given continued demand from China, the second largest travel and tourism market behind the United States, and other countries in Asia. [/QUOTE]
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Global travel industry seen 'resilient' despite slowing growth
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