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COMCEC Tourism Outlook-2018
14
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 direct contribution of Travel & Tourism to GDP in 2017 was $212.8
billion (3.3% of GDP) in the OIC member states. This is forecasted to rise by 4.5% in 2018. The
direct contribution of Travel & Tourism to GDP is also expected to grow by 4.5%yearly to $344.8
billion (3.4% of GDP) by 2028.
The total contribution of Travel & Tourism to Member States’ GDP (including indirect and
induced impacts) was USD561,5 bn in 2017 (8.7% of GDP) and is expected to grow by 4.3% in
2018 and rise by 4,7% pa to USD926.1 bn by 2028 (9.2% of GDP) (WTTC. 2016).
Table 0.1 Estimates and Forecasts of Travel & Tourism Economic Impact in OIC Member
States
COMCEC
2017
$
billion
1
2017
% of
total
2018
Growth
2
2028
$
billion
1
2028
% of
total
Growth
3
Direct contribution to
GDP
212.8
3.3
4.5
344.8
3.4
4.5
Total contribution to
GDP
561.5
8.7
4.3
926.1
9.2
4.7
Direct contribution to
employment
4
16.801
2.8
2.7
22.530
3.0
2.7
Total contribution to
employment
4
42.982
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
2017 constant prices and exchange rates;
2
2018 real growth adjusted for inflation (%);
3
annual real
growth adjusted for inflation;
4
000 jobs
Source: WTTC, Economic Impact 2018 Report-OIC
Travel & Tourism in OIC generated 16,801,000 jobs directly in 2017 (2.8% of total employment)
and this is forecast to grow by 2.7% in 2018. This includes employment by hotels, travel agents,