Tanzania’s tourism sector experienced a remarkable surge in 2023, contributing a record TZS 18.6 trillion to the national GDP, marking a 4% increase from the 2019 peak. The sector’s contribution to the economy is expected to continue its upward trajectory, reaching TZS 20.3 trillion in 2024 and TZS 30.9 trillion by 2034, further solidifying its role as a key driver of economic growth and job creation in Tanzania.
The US economy grew at a slower pace in the first quarter of 2023, driven by a decline in consumer spending and a surge in imports. However, economists predict a rebound in the current quarter, fueled by continued consumer spending.
Honduras is making significant strides in tourism by implementing a visa-free entry policy for 117 countries, aiming to attract more international visitors and boost economic growth. This policy, which covers countries from Europe, Latin America, and other regions, has resulted in a noticeable increase in tourist arrivals and expenditure, driving growth in the hospitality and infrastructure sectors.
Costa Rica’s strategic visa-free entry policy for over 150 countries has dramatically boosted tourism, driving economic growth and infrastructure development. The policy has attracted millions of international visitors, resulting in increased hotel occupancy, cruise ship arrivals, and air travel connectivity.
Leaders from China, Poland, and Vietnam gathered at the Meeting of the New Champions in Dalian, calling for collaboration to navigate global challenges and leverage the Fourth Industrial Revolution. They emphasized the role of travel and tourism in driving economic growth and fostering cultural exchange, aiming to create a more interconnected and resilient world.
Puerto Rico’s strategic visa-free entry policies, aligned with the U.S. visa policy, have led to a significant increase in tourist arrivals, driving economic benefits and solidifying the island’s position as a premier travel destination in the Caribbean.
BRICS nations are experiencing a significant recovery in their tourism sectors, driven by unique cultural experiences, stunning landscapes, and targeted initiatives to revitalize the industry. This article examines the tourism growth trends and initiatives across BRICS countries, highlighting their commitment to attracting international visitors and bolstering their economies.
Australia’s tourism sector is set to achieve record-breaking economic contribution in 2024, exceeding pre-pandemic levels and contributing 10% of the country’s GDP. The upcoming WTTC Global Summit in Perth is expected to further drive growth, leading to a projected $345 billion contribution by 2034. The sector is also experiencing a significant employment surge, with over 2 million jobs anticipated by 2034, making it a key driver of Australia’s economic recovery.
Airbus has identified key unserved air routes in Africa, highlighting cities like Lagos, Cape Town, and Nairobi, with the potential to boost connectivity, stimulate economic growth, and increase airline revenue. The analysis also forecasts strong growth in African air traffic, demanding new aircraft and a skilled workforce.
Pakistan’s donkey population has experienced a notable increase of 1.72%, reaching 5.9 million during the 2023-24 fiscal year. This growth supports the country’s rural economy, where donkeys play a significant role as beasts of burden. In contrast, the numbers of horses and mules have remained unchanged in recent years.
