G20 recognises Travel & Tourism but must try harder

So, the G20 world leaders have finally recognized the importance of travel and tourism as a driver of jobs, growth, and economic recovery.  Considering the industry will contribute around US$2 trillion in GDP and 100 million jobs to the global economy in 2012, its about time. 

When the wider economic impacts of the industry are taken into account, travel and tourism is forecast to contribute some US$6.5 trillion to the global economy and generate 260 million jobs – or 1 in 12 of all jobs on the planet!

The G20 Declaration states: "we recognize the role of travel and tourism as a vehicle for job creation, economic growth, and development, and, while recognizing the sovereign right of States to control the entry of foreign nationals, we will work towards developing travel facilitation initiatives in support of job creation, quality work, poverty reduction, and global growth.”

Meaning what, exactly?

The G20 could boost  international tourist numbers by an additional 122 million, generate an extra US$206 billion in tourism exports and create over 5 million additional jobs by 2015 just by improving visa processes and entry formalities. 

Of the 656 million international tourists who visited G20 countries in 2011, an estimated 110 million needed a visa, many of whom were deterred from traveling by the cost, waiting time, and difficulty of obtaining a visa. Facilitating visas for these tourists, many from some of the world’s fastest-growing source markets such as the BRICs, could stimulate demand, spending, and ultimately create millions of new jobs in the G20 economies.

The issue of visas has been debated for many years, the European Tour Operators Association (ETOA) have conducted research that show that the Schengen area alone is missing out on close to €500m in tourism revenue due to inefficiency. In a case study 21 per cent of Indians applying for Schengen visas gave up because of delays, while the figure was even higher for the UK at 26 per cent.

On a day that the Government announces that it is scrapping GCSEs and re-introducing more 'rigorous' O-Levels back into schools - their report is 'must try harder'.