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Euronews
Euronews
Marta Iraola Iribarren

Europe must adapt to stay competitive in growing tourism market, sector leader warns

European Union Europe Julia Simpson WTTC Euronews

The EU needs to cut more red tape to enable its travel and tourism sector to continue to grow, the president of the World Travel & Tourism Council (WTTC) told Euronews today as the sector revealed projections of 5% growth on it its annual contribution to EU GDP.

Figures from the WTTC, which represents the global private travel and tourism sector, suggested the sector will contribute nearly €1.9 trillion to the bloc’s GDP in 2025, accounting for 10.5% of the EU’s economy. In 2024, the sector’s contribution stood at €1.8 trillion. 

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