29 May 2014

Taking a timely snapshot of our tourism industry

Times of Malta 11/05/2014: According to an economic impact report by the World Travel and Tourism Council (WTTC, 2014), last year the travel and tourism industry in Malta contributed 13.6 per cent of the country’s GDP. This figure is expected to rise by 5.6 per cent this year.

WTTC reported that the tourism industry alone has directly generated more than 25,500 jobs. This figure is forecast to grow to 27,000. It translates to 15.5 per cent of the total employment in Malta and Gozo.

Arguably, positive results do not come by chance. In the past decade, Maltese governments’ concerted efforts may have helped ensure that our tourism industry remains a major contributor to the Maltese economy. The fruitful and collaborative relationships among tourism stakeholders also augur well for the sustainability of the islands’ tourism industry.

A 2013 report by the economic policy department of the Ministry of Finance aimed to establish a strategy for accommodation development, while taking into account the type of accommodation required, the optimum...read on.