Friday, June 21, 2024 The World Travel & Tourism Council (WTTC) announced today that France’s Travel & Tourism sector experienced a robust 6% year-on-year increase in GDP contribution last year, reaching a new high of €246 billion. The sector exceeded its previous peak in 2023, growing 4.3% to account for 8.
8% of the national GDP, marking a significant year of expansion, according to the latest findings by the WTTC and Oxford Economics. This research revealed that the industry generated over 172,000 new jobs, boosting the total employment in the sector to nearly 2.9 million, which is 4.
7% higher than in 2019. Travel & Tourism now represents one in every 11 jobs in France, underscoring its vital role in the employment landscape. In 2023, France welcomed a significant influx of international tourists who spent €66.
7 billion, while domestic travel expenditures rose to €135 billion, surpassing 2019 levels by 1% and 3%, respectively. Paris continues to be the top destination for global visitors, reinforcing Travel & Tourism as a pivotal element of France’s economic and employment growth. Looking ahead to 2024 The sector is on track to contribute an unprecedented €254.
7 billion to the economy this year, representing an 8% increase from 2019 and accounting for 9% of France’s GDP. With the sector expected to support nearly 2.93 million jobs, reflecting an increase of over 76,000 jobs from its previous high, France maintains its status as the world’s leading tourist de.
