Spotlight on New Hotels

Disclosure: This article may contain affiliate links, meaning, at no additional cost to you, we will earn a commission if you click through and make a purchase.

Istanbul in the Top Five for international spend in Europe

The World Travel & Tourism Council (WTTC) published Europe City Travel & Tourism Impact report, which looks at the contribution of Travel & Tourism to city economies and job creation. Istanbul is ranked in the top 5 for international spend in Europe.

grand bazaar shopping

London ranked at top position in Europe. In 2016, international visitors spent £11.2billion (€18.9billion) in London, more than in any other city in Europe. Visitors from within the UK spent a further £1.74 billion (€2.94bn). Overall Travel & Tourism directly employs 228,000 jobs in the capital and in terms of Travel & Tourism GDP contribution, London accounts for nearly 19% of the UK’s total.

Istanbul ranked second with €17.5bn. Other cities in the top 5 are: Barcelona (€13.6bn), Amsterdam (€11.8bn) and Paris (€10.4bn).

WTTC’s Europe City Travel & Tourism Impact study covers 65 cities, 17 of which are in Europe. The report launch coincides with the opening of World Travel Market at London’s Excel centre – the leading global event for the travel industry which attracts 5,000 exhibiting destinations and 51,000 travel professionals to the city.

Gloria Guevara, WTTC’s President & CEO said “London is a truly international city and the London is Open campaign has given a very strong message of welcome to tourists from abroad, which, with a great offering and unique experiences for tourists, means the UK’s capital has gained the top spot when it comes to international tourism to cities in Europe.

Uncertainty around Brexit and the impacts of terrorism will put pressure on the city’s tourism sector in 2017, however our data suggests that London is well placed to be resilient against these challenges. We expect international tourism spend to increase by 7% every year over the next ten years.”

European cities are resilient to terrorism impacts

Following attacks in January and November 2015, international arrivals to Paris decreased by 8 percentage points. However, forecasts suggest that tourism’s contribution is set to rise and return to 4% of the city’s GDP in the coming years.

Brussels experienced a fall in international demand of 17 percentage points following the attack in March 2016, however overall the city’s T&T sector grew at double the rate of Belgium’s over the past ten years (2.1% per year, compared to 1.1% for Belgium), and is forecast to continue to grow at a rate of 7.3% per year over the next decade.

Antalya and Istanbul, both impacted by terrorism and political instability in Turkey, are expected to grow at 8.6% and 9.8% over the next ten years, faster than any other European cities.

Cities’ contribution to Europe’s T&T sector set to increase over next ten years

The report highlights the overall importance of cities for Europe’s Travel & Tourism sector. The 17 cities studied account for 18% of the region’s total, rising to 25% by 2026. Three of the cities – Prague, Dublin and Brussels – generate more than 50% of their country’s Travel & Tourism GDP; and a further seven generate more than 25% (Warsaw, Stockholm, Lisbon, Amsterdam, Istanbul, Paris and Moscow).

The research also quantifies the contribution of Travel & Tourism to employment in these cities. In Amsterdam, 9.8% of employment (1 in 10 jobs) is directly generated by tourism, compared to 8.4% in Prague, 7% in Lisbon and 6.5% in Berlin and Munich. Across all 17 cities, Travel & Tourism’s proportion of employment by is set to increase over the next ten years, highlighting the growing importance of the sector as a generator of jobs.

Guevara continued, “This research highlights, for the first time, the economic contribution of Travel & Tourism to European cities in terms of GDP and jobs. It clearly shows that cities are important drivers of tourism across the region, and that cities themselves benefit significantly from the sector. City authorities should prioritise tourism development, and integrate it into long-term planning, infrastructure development and sustainable public policies.

In recent months we have seen the challenges of increasing tourism to cities such as Amsterdam and Barcelona. WTTC has invested in this research to further understanding of tourism’s economic impacts as authorities try to strike the balance between visitor numbers and their economic benefits.”

increase ad earnings