What's Happening?
The World Travel & Tourism Council (WTTC) has released a report indicating that while the travel and tourism sector is projected to create 91 million new jobs by 2035, it faces a potential shortfall of 43 million workers globally. The report, titled 'Future of the Travel & Tourism Workforce,' was unveiled at the WTTC's 25th Global Summit in Rome. It highlights demographic and structural changes that could lead to significant labor shortages, particularly in hospitality, which is expected to face an 8.6 million worker gap. The report calls for collaboration between governments and educators to address these challenges.
Why It's Important?
The anticipated workforce shortfall in the travel and tourism sector could have significant implications for global economies, particularly those heavily reliant on tourism. The shortage may hinder the sector's ability to meet growing demand, affecting service quality and economic growth. Countries like China, India, and the EU are expected to experience the largest absolute shortages, which could impact their tourism industries and broader economic stability. Addressing these labor gaps is crucial for sustaining the sector's growth and ensuring it remains a major job creator worldwide.
What's Next?
The WTTC plans to work with government officials globally to implement policies that reduce the workforce gap and unlock potential in various countries. This includes initiatives to attract, grow, and retain talent in the travel and tourism sector. The report serves as a call to action for stakeholders to invest in designing jobs that inspire and support evolving careers, ensuring the sector remains dynamic and rewarding for future generations.
