APEC tourism ministers to meet Sept 22-23

APEC Tourism Ministers will meet in Nara, Japan on September 22-23 at the 6th APEC Tourism Ministers’ Meeting to address issues such as the importance of achieving sustained and balanced growth in the tourism industry in the Asia-Pacific region following the global financial crisis.

The Meeting discusses collaboration between APEC, the private sector and multilateral organizations to strengthen the industry, which is a major engine for growth in the region.

The industry was hit by the global financial crisis with households cutting back on travel plans and businesses reducing travel budgets. But long-term prospects for the industry remain strong.

Tourism and travel are expected to contribute 9.1 % of total Gross Domestic Product in the APEC region in 2010, increasing to 9.7 % in 2020, according to research by the World Travel and Tourism Council (WTTC).

Tourism and travel are also expected to directly and indirectly employ 117 million people in the APEC region in 2010 and increase to 159 million by 2020 – or contribute 8.2 % of total employment in 2010, increasing to 10.2 % in 2020, according to the WTTC. – VCCI

Tags: APEC Tourism Ministers’ Meeting, Vietnam Tourism

Posted by VBN on Sep 23 2010. Filed under Tourism. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry