Note: access to internal event links are only available to World Bank staff.
Air Transport and Tourism BBL (May 14, 2015)
The Tourism and Travel industry is one of the largest in the world. The total economic contribution from the sector represents 9% of global GDP, 6% of world trade, and 1 out of every 11 jobs. Nearly half of the one billion international tourist arrivals are in emerging and developing economies.
The range of World Bank Group (WBG) activities that directly and indirectly support the industry is as broad as the sector itself, ranging from financing for airport development and infrastructure, urban regeneration, to investment in leisure resorts and hotels.
This BBL focused on the Pacific Islands. As a remote region with small populations dispersed across several islands and vast expanses of ocean, safe and efficient air travel is critical to ensure connectivity to other markets and to support tourism.