This is according to new research from the World Travel & Tourism Council (WTTC) sponsored by American Express and TUI AG, released today during a speech at the ‘Moscow International Travel Forum’ in Russia by David Scowsill, President & CEO of WTTC.
The research, undertaken by Oxford Economics, shows that Travel & Tourism’s total contribution to GDP in Russia was RUB3.4 trillion ($106 billion) in 2011, or 5.9% of total GDP which is larger than the GDP of automotive manufacturing, chemical manufacturing. This compares to 4.8% for automotive manufacturing, 2.9% communications services and 3.3% for chemicals.
Supporting 4 million direct, indirect and induced jobs, Travel & Tourism in Russia generates more employment than the chemical industry and nearly as many jobs as the financial services sector.
The new research also showed that Travel & Tourism’s contribution to GDP is growing faster than most other sectors in Russia. It will grow by an average of 4% per annum over the next ten years, a faster growth rate than the total economy.
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Consultez la source sur Veille info tourisme: Le tourisme en Russie contribue davantage au PIB que lindutrie automobile