Global tourism predicted to slow after best year everMatt Dunham / APLONDON — The travel and tourism sector is set for a modest slowdown in 2018 as a result of higher oil prices and airfares, a year after it experienced its best year on record, according to a leading global industry body. That was due largely to the fact that the sector outperformed the global economy for the seventh year running, growing by 4.6 percent against 3 percent. "2017 was the best year on record for the travel & tourism sector," said Gloria Guevara, president and CEO of the WTTC. By then, it expects the sector to support more than 400 million jobs globally, or one in nine of all jobs. "Already in 2017, we have begun to see a backlash against tourism in some key destinations."

Source: The North Africa Journal March 22, 2018 05:08 UTC