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COMCEC Tourism Outlook 2017
16
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 direct contribution of Travel & Tourism to GDP in 2016 was $198.1
billion (3.2% of GDP) in the OIC member states. This is forecasted to rise by 3.8% in 2017. The
direct contribution of Travel & Tourism to GDP is also expected to grow by 4.8% yearly to $327.4
billion (3.2% of GDP) by 2027.
The total contribution of Travel & Tourism to Member States’ GDP (including indirect and
induced impacts) was USD542.4 bn in 2016 (8.7% of GDP) and is expected to grow by 3.9% in
2016 and rise by 5% pa to USD914.5bn by 2027 (9.2% of GDP) (WTTC. 2016).
Table 4.1 Estimates and Forecasts of Travel&Tourism Economic Impact in OIC Member States
COMCEC
2016
($
billion)
1
2016
% of
total
2017
Growth
2
2027
$
billion
1
2027
% of
total
Growth
3
Direct contribution to
GDP
198.1
3.2
3.8
327.4
3.2
4.8
Total contribution to
GDP
542.4
8.7
3.9
914.5
9.2
5.0
Direct contribution to
employment
4
13,257
2.4
1.3
17,620
2.5
2.8
Total contribution to
employment
4
35,514
6.4
1.2
48,039
6.8
2.9
Leisure spending
271.9
2.4
2.9
446.6
2.4
4.8
Business spending
87.8
0.7
7.3
147.2
0.8
4.6
Capital investment
108.6
6.7
5.0
198,8
7.5
5.7
1
2016 constant prices and exchange rates;
2
2017 real growth adjusted for inflation (%);
3
annual real
growth adjusted for inflation;
4
000 jobs
Source: WTTC, Economic Impact 2017 Report-COMCEC