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COMCEC Tourism Outlook-2019
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4
International Tourism in the OIC Member Countries
In the light of the above mentioned overview of the trends in international tourism, this section
aims to assess the performance and economic role of the international tourism in the Member
Countries.
The OIC Member Countries are located in four continents on all over the world. Besides their
geographical heterogeneity, the Member Countries do not constitute a homogenous economic
group due to their different development levels. Most of the Member Countries are developing
countries and 21 of them are the Least Developed Countries (LDCs).
Given these conditions, it is expected that tourismmight play an important role in economic field
regarding particularly sustainable development and poverty alleviation in the Member
Countries.
According to WTTC, the total contribution of Travel & Tourism to OIC GDP in 2018 was $589.3
billion (8.8% of GDP) in the OIC member states. This is forecasted to rise by 5% in 2018. The
total contribution of travel and tourism on employment was 7.4% in 2018, which corresponds
to 44.2million jobs. Tourism is expected to create 59.4million jobs by 2029 (WTTC. 2019). Total
contribution of travel and tourism to employment in OIC member states was 42,982,500 jobs in
2017 (7.3% of total employment) (WTTC, 2018). Leisure spending (inbound and domestic) in
OIC member states generated 76% of direct travel & tourism GDP in 2017. Globally tourism has
created 319 million jobs in 2018. One in every five new jobs was created by tourism industry
within the past five years.
Table 4.1 Estimates and Forecasts of Travel & Tourism Economic Impact in OIC Member
States
COMCEC
2018
$
billion
1
2018
% of
total
2019
Growth
2
2028
$
billion
1
2028
% of
total
Growth
3
Total contribution to
GDP
589.3
8.8
5
926.1
9.2
4.7
Total contribution to
employment
4
44.2
7.3
2.6
57.588
7.7
2.7
Leisure spending
293.5
2.5
5.0
477.8
2.5
4.5
Business spending
93.2
0.8
3.2
152.5
0.8
4.7
Capital investment
104.4
6.3
3.9
183.0
7.1
5.4
1
2018 constant prices and exchange rates;
2
2018 real growth adjusted for inflation (%);
3
annual real
growth adjusted for inflation;
4
million jobs
Source: WTTC, 2019, OIC Key Highlights.
International visitors to OIC spent 210.1 billion USD which accounted for 8.9% of total exports. 244.4
million international arrivals is expected to visit OIC in 2019. Domestic spending are also expected
to create a similar volume (WTTC, 2019)