The Latent Potential of Travel & Tourism in EU Accession Countries

Transcription

1 World Council The Latent Potential of in EU Accession Countries Latent Potential: The Expected Travel & Tourism Growth (Structural) for the 10 Accession Counties resulting from their Joining the European Union. Normal Pattern of EU Growth Structural Growth Today Future Economic Development Expectation for Accession Countries Macro Economic Growth WTTC s 2003 Tourism Satellite Accounting Research Tourism Satellite Account: Recommended Methodological Framework u WTO, OECD, Eurostat and UN May 2001

2 World Council WTTC s TSA Research WTTC / OEF From Strategy and Concepts to Implementation, Model Building, Hard Data, Research, Analysis And Reporting (174 Countries) Components of Demand u 13 Years of Commitment European Union - Personal T&T European Union - Business Travel n Spending by Visitors n T&T Spending by Companies and Government Agencies n US$ billion in n US$ Billion in n 12.2% of Total Personal uus$ Bn Corporate Consumption in Year uus$ 37.7 Bn Government n 1.8% Real Growth in 2003 n 0.1% Real Growth in 2003 n 3.8% Real Growth in n 2.5% Real Growth in n 2.7% Real Growth per annum n 2.5% Real Growth per annum EU - Gov t T&T Expenditures EU - T&T Capital Investment n Government Services Provided to Individual Visitors and the Community-atlarge n US$ 83.5 Billion in n 3.2% of Total Government Expenditures in n 1.8% Real Growth in 2003 n 1.7% Real Growth in n 1.9% Real Growth per annum n T&T Facilities, Equipment and Infrastructure by Public and Private Sectors n US$ Billion in n 9.5% of Total Capital Investment in n -0.3% Real Loss in n 3.2% Real Growth per annum

3 World Council European Union - Visitor Exports European Union - Other T&T Exports n Consumer and Capital Goods n T&T Spending by Inbound Visitors n US$ Billion in n 7.4% of Total Exports in n -2.2% Real Loss in 2003 n 3.5% Real Growth in n 5.5% Real Growth per annum Exported for Visitors and Travel & Tourism Companies n US$ Billion in n 5.7% of Total Exports in n -2.6% Real Loss in 2003 n 4.2% Real Growth in n 6.7% Real Growth per annum Consumption = Industry Perspectives of Supply / Production Demand = Economy European Union - T&T Industry GDP EU - T&T Economy* GDP n GDP Associated with Visitor Consumption (Direct) n US$ Billion in n 4.3% of Total Gross Domestic Production in n 0.8% Real Growth in 2003 n 2.5% Real Growth in n 2.4% Real Growth per annum n GDP Associated with T&T Demand (Direct and Indirect) n US$ 1.4 Trillion in n 11.5% of Total Gross Domestic Production in n 0.7% Real Growth in 2003 n 2.1% Real Growth in n 2.8% Real Growth per annum *WTTC Concept

4 World Council European Union - T&T Industry Empl. EU - T&T Economy* Empl. n Employment assoc. with Visitor Consumption (Direct) n Employment assoc. with T&T Demand (Direct and Indirect) n 8.1 Million Jobs in n 21.5 Million Jobs in n 4.8% of Total Employment in n 12.9% of Total Employment in (88,800 New Jobs) n 1.2% Real Growth in (238,000 New Jobs) (93,400 New Jobs) n 1.0% Real Growth per annum n 0.6% Real Growth in (132,000 New Jobs) (-2014) - (84,600 pa) n 1.2% Real Growth per annum - (279,600 pa) *WTTC Concept Personal - The Latent Potential Weighted Average 12.2 Percent of Total Personal Consumption Business Travel - Govt T&T Expenditures - Weighted Average 1.9 Weighted Average 3.3 Percent of GDP Percent of Total Government Expenditures

5 World Council Visitor Exports - T&T Capital Investment - Weighted Avg 1154 Weighted Average 299 Visitor Exports per Visitor Capital Investment per Visitor T&T Demand and Latent Potential- T&T Latent Potential T&T T&T T&T T&T Industry Economy Industry Economy GDP ($mn) GDP ($mn) Jobs Jobs Cyprus ,138 31,380 Czech Republic 1,397 3,670 76, ,911 Estonia ,769 44,058 Hungary 10,727 22, ,094 Latvia ,994 73,552 Lithuania 566 1,488 36,668 96,342 Malta ,478 26,539 Poland 7,824 23, ,235 1,489,575 Slovakia 457 1,202 37,369 98,200 Slovenia ,287 24,403 Total 22,651 56,224 1,287,635 2,985,054 US$ Millions *Latent Potential Absolute Value T&T Latent Potential T&T T&T T&T T&T Industry Economy Industry Economy GDP GDP Jobs Jobs Cyprus Czech Republic Estonia Hungary Latvia Lithuania Malta Poland Slovakia Slovenia Total Percent