The World Travel & Tourism Council (WTTC) has launched its latest global report, “Accelerating Travel & Tourism Recovery - Global Evidence from Four Decades of Crises,” during its landmark Leadership Cruise event in Egypt, sending a powerful message to governments, investors, and travellers worldwide: tourism always recovers.    

Unveiled aboard the ship Crystal Serenity as global leaders transited the Suez Canal, the report, developed in partnership with Chemonics International and George Washington University Business School, draws on four decades of global data to confirm the sector’s structural resilience. Across 100 significant crisis events, no destination has suffered long-term collapse once a crisis has ended, especially with strong leadership from government. Recovery is not only consistent, but in most cases leads to stronger growth.

Egypt itself, where the Leadership Summit was held, is an example of such resilience, bouncing back strongly after several crises.

The launch comes at a critical moment for global Travel & Tourism, as the sector continues to navigate geopolitical uncertainty while driving economic growth worldwide. According to WTTC’s latest data, Travel & Tourism contributed $11.6 trillion to global GDP in 2025 (9.8% of the global economy) and supported 366 million jobs, one in every nine globally.

A Sector Defined by Resilience

WTTC’s new research confirms that recovery is not a question of “if,” but “how fast.” Even in the face of the COVID-19 pandemic, the most severe global shock in modern history, international travel rebounded from a 72% decline in 2020 to 1.47 billion arrivals by 2024, (the same as in 2019) and by 2025, international visitor spending reached a record $2.02 trillion. 

Similarly, following the 2008 global financial crisis, the sector recovered within just two years, going on to set new records in international arrivals and reaching $1.35 trillion in international visitor spending by 2010.

The report shows that in most cases destinations not only recovered but exceeded their previous peaks, demonstrating that disruption often creates opportunities for transformation, investment, and growth.

Leadership Cruise: A Global Platform for Recovery

The report was launched during WTTC’s first-ever Leadership Cruise bringing together Ministers, former Heads of State, and CEOs from across the global Travel & Tourism ecosystem.

The event, hosted by the Egyptian Government, served as a high-level platform to accelerate recovery through public-private collaboration, with discussions focused on restoring connectivity, rebuilding traveller confidence, and shaping the next decade of sector growth.

The symbolic transit through the Suez Canal, one of the world’s most critical global trade routes, underscored the central message of both the event and the report: global connectivity and cooperation are fundamental to recovery.

Gloria Guevara, President & CEO of WTTC, said: “Today, we are sending a clear and evidence-based message to the world: Travel & Tourism always recovers. This report proves what our sector has demonstrated time and again: resilience is built into our DNA. Even after the most severe crises, people continue to travel, and destinations come back stronger, with faster action leading to faster recovery.

Launching this report during our Leadership Cruise in Egypt, at such a pivotal moment, reinforces the importance of leadership, coordination, and confidence in accelerating recovery. The question is not whether the sector will recover, but how quickly we choose to enable that recovery.”

Anna Slother, President, Chemonics International, added: “Chemonics has spent decades supporting tourism and economic development in complex environments, where disruption is inevitable. Partnering with WTTC brings that practical experience into a global framework, linking strategy with realities on the ground. At the end of that chain are the jobs, micro-enterprises, and small tourism businesses most vulnerable to crisis and with the most to gain from effective recovery. That is who preparedness ultimately serves, and who we remain committed to supporting.”

Ibrahim Osta, Senior Economic Growth Director & Global Tourism Lead, Chemonics International, said: “Across every major tourism crisis where I have supported governments and industry leaders, from geopolitical instability to terrorism and pandemics, recovery was never accidental. The destinations that emerged stronger were those that combined decisive leadership, public private coordination, and sustained support for the small businesses and communities that form the backbone of the visitor economy.”

From Recovery to Growth

The report highlights that the speed and strength of recovery depend primarily on the quality of policy responses, particularly coordination between governments and the private sector, clear communication, and sustained investment during times of crisis.

It identifies four pillars for building a resilient tourism framework and accelerating recovery: restoring traveller confidence, maintaining business continuity, ensuring decisive institutional response, and driving long-term structural adaptation.

The report also outlines five key, evidence-based principles for policymakers and investors to drive faster rebound: invest countercyclically at the trough of the crisis, protect SMEs as the backbone of the sector, maintain air connectivity as a strategic asset, avoid overreaction in messaging and policy, and use disruption to build forward through transformation and diversification.

As highlighted throughout the Leadership Cruise discussions, these principles are already shaping the sector’s next phase: moving beyond recovery towards sustainable, long-term growth.

A Defining Moment for the Sector

The launch of “Accelerating Travel & Tourism Recovery” marks a defining moment for the global sector, reinforcing WTTC’s role as the voice of the private sector and a convener of global leadership.

As Travel & Tourism continues to recover and evolve, the message from Egypt is clear: confidence is returning, connectivity is strengthening, and the sector remains one of the world’s most resilient and dynamic drivers of economic growth.