In 2019, Macau generated the highest share of GDP through direct travel and tourism of any other economy worldwide, with over half its GDP coming from this sector. Macau is a city and a special administrative region of the People's Republic of China - its economy is largely based on casino gaming and tourism. The nation with the second highest share of GDP generated by direct travel and tourism was the Maldives. The country began to develop its travel and tourism industry in 1970s and now over 30 percent of GDP is coming from this sector in 2019.

What is GDP?

GDP is the total value of all goods and services produced in a country in a year. It is considered an important indicator of the economic strength of a country and a positive change is an indicator of economic growth.

What is direct contribution to GDP? The direct contribution of travel and tourism to GDP reflects the ‘internal’ spending on travel and tourism (total spending within a particular country on travel and tourism by residents and non-residents for business and leisure purposes) as well as government 'individual' spending - spending by government on travel and tourism services directly linked to visitors, such as cultural (e.g. museums) or recreational (e.g. national parks).

Antigua and Barbuda was the Caribbean economy that relied the most on travel and tourism in 2022, with this sector accounting for more than 90 percent of its gross domestic product (GDP). Aruba followed that year as the Caribbean island with the second-largest share of GDP from tourism.

In 2023, the share of travel and tourism's total contribution to GDP in European Union member countries and the United Kingdom remained in most cases below the figures reported before the COVID-19 pandemic, but showed strong signs of recovery. Overall, Croatia was the EU country where travel and tourism contributed the highest share of gross domestic product in 2023. That year, these industries generated, directly and indirectly, nearly ** percent of the country's GDP. Portugal and Greece followed in the ranking in 2023, with travel and tourism representing **** percent and **** percent of GDP, respectively.

This indicator measures the dependence on specific international markets, revealing exposure to risks related to specific international travel restrictions and other demand shocks. Lower values indicate lower dependence from the three top countries of origin and, therefore, signalling a potentially lower susceptibility to shocks. This indicator is part of the socio-economic composite index of the EU Tourism Dashboard. UNIT OF MEASURE: %. RESOLUTION: NUTS0. COMPLETENESS: 100%. METHODOLOGY: This indicator measures the dependence on specific international markets, revealing exposure to risks related to specific international travel restrictions and other demand shocks. It is calculated as the share of the nights spent from the top three countries of origin for each destination country in relation to the total nights spent in the destination country. The top 3 origins are specific to each destination country. Lower values indicate lower dependence on the three top countries of origin and, therefore, signalling high market diversification and thus a potentially lower susceptibility to shocks. DATA SOURCES: ESTAT (tour_occ_ninraw).

In 2024, Panama was estimated to be the most tourism-dependent economy in Latin America, with the sector accounting for 15.3 percent of its gross domestic product (GDP). El Salvador followed in the ranking that year, with a share of tourism contribution to GDP above 15 percent too.

In 2024, the United States was the country worldwide with the highest total contribution of travel and tourism to GDP. That year, the total GDP contribution of travel and tourism in the U.S. amounted to around *** trillion U.S. dollars, exceeding pre-pandemic levels. China and Germany followed in the ranking, with figures of around *** trillion and *** trillion U.S. dollars, respectively. Overall, the total contribution of travel and tourism to GDP worldwide reached almost ** trillion U.S. dollars in 2024. What are the most visited countries worldwide? While the U.S. and China reported the highest figures in terms of travel and tourism contribution to GDP in 2024, it was a European destination that led the ranking of countries with the highest number of inbound tourist arrivals worldwide. With over *** million international arrivals in 2024, France was the most visited travel destination in the world that year. How many people work in the global travel and tourism sector? After declining sharply due to the impact of COVID-19, the number of travel and tourism jobs worldwide bounced back in 2024, reaching over *** million, surpassing pre-pandemic levels.

The Caribbean is one of the fastest growing destinations in the world. The rapid rise in tourism flows has brought a number of benefits including jobs and incomes. However, given that the nations of the region are among the most tourist dependent countries in the world, there are a number of issues which need to be addressed if growth is to be sustained. From creating unique and diverse tourism offerings, to fostering regional collaboration and investing in infrastructural projects, this report sheds light onto how Caribbean nations can leverage their strengths and capitalize on new trends to ensure the future success of the sector and economic prosperity. Read More

Tourism Revenues in the United States decreased to 20626 USD Million in July from 20913 USD Million in June of 2025. This dataset provides - United States Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

This study investigates the impact of tourism on economic growth in Nigeria between 2013 and 2023. Recognizing tourism as a catalyst for diversification in a predominantly oil-dependent economy, the research evaluates how key tourism indicators—revenue (TREV), employment (TEMP), foreign exchange earnings (FEXC), infrastructure (INFRA), and security (SEC)—influence Gross Domestic Product (GDP). The study employs a descriptive and analytical research design, integrating both quantitative and qualitative methods, with multiple regression analysis applied to assess variable relationships. Findings reveal a strong positive correlation between tourism and economic growth, with an R-squared value of 0.92 indicating that 92% of GDP variation is explained by tourism-related factors. Among these, infrastructure and security are found to have the most substantial and statistically significant impacts, followed closely by foreign exchange earnings and tourism revenue. While employment contributes positively, its effect is relatively modest. The results affirm the Tourism-Led Growth Hypothesis (TLGH) within the Nigerian context. The study concludes that strategic investment in infrastructure, enhanced security frameworks, and improved tourism promotion are critical to unlocking the sector’s full economic potential. It offers actionable recommendations for policymakers, investors, and community stakeholders to reposition tourism as a sustainable engine of national development.

Sri Lanka Tourism Contribution: GDP data was reported at 2.500 % in 2023. This records an increase from the previous number of 0.800 % for 2020. Sri Lanka Tourism Contribution: GDP data is updated yearly, averaging 3.400 % from Dec 2018 (Median) to 2023, with 4 observations. The data reached an all-time high of 4.900 % in 2018 and a record low of 0.800 % in 2020. Sri Lanka Tourism Contribution: GDP data remains active status in CEIC and is reported by Sri Lanka Tourism Development Authority. The data is categorized under Global Database’s Sri Lanka – Table LK.Q007: Tourism Receipts.

Techsalerator's News Events Data for Antigua and Barbuda: A Comprehensive Overview

Techsalerator's News Events Data for Antigua and Barbuda provides an essential resource for businesses, researchers, and media organizations. This dataset compiles information on significant news events across the country, drawing from diverse media sources, including news outlets, online publications, and social platforms. It offers valuable insights for those seeking to track trends, analyze public sentiment, or monitor industry-specific developments in Antigua and Barbuda.

Key Data Fields

• Event Date: Captures the exact date of the news event, which is critical for analysts who need to monitor trends over time or for businesses responding to market shifts.

• Event Title: A brief headline describing the event. This allows users to quickly categorize and assess news content based on relevance to their interests.

• Source: Identifies the news outlet or platform where the event was reported. This helps users track credible sources and assess the reach and influence of the event.

• Location: Provides geographic information, indicating where the event took place within Antigua and Barbuda. This is especially valuable for regional analysis or localized marketing efforts.

• Event Description: A detailed summary of the event, outlining key developments, participants, and potential impact. Researchers and businesses use this to understand the context and implications of the event.

Top 5 News Categories in Antigua and Barbuda

• Politics: Major news coverage on government decisions, political movements, elections, and policy changes that affect the national landscape.

• Economy: Focuses on Antigua and Barbuda’s economic indicators, tourism, international trade, and corporate activities influencing business and finance sectors.

• Social Issues: News events covering public health, education, housing, and other societal concerns that shape public discourse.

• Sports: Highlights events in cricket, sailing, and other popular sports that draw national and international attention.

• Tourism and Development: Reports on tourism-related developments, infrastructure projects, and real estate, reflecting the country’s dependence on tourism as a key economic driver.

Top 5 News Sources in Antigua and Barbuda

• Antigua Observer: A leading newspaper providing in-depth coverage of politics, economy, and social issues in the country.

• ABS Television/Radio: The state-owned media organization that offers news updates on current affairs, sports, and live events throughout Antigua and Barbuda.

• Caribbean News Now: A regional online news platform that covers news from Antigua and Barbuda, focusing on politics, tourism, and international relations.

• Loop News Caribbean: A digital news outlet offering real-time updates on breaking news, sports, and entertainment across the Caribbean, including Antigua and Barbuda.

• Antigua Chronicle: An online publication that focuses on local news, politics, and events affecting the people of Antigua and Barbuda.

Accessing Techsalerator’s News Events Data for Antigua and Barbuda

To access Techsalerator’s News Events Data for Antigua and Barbuda, please contact info@techsalerator.com with your specific needs. We will provide a customized quote based on the data fields and records you require, with delivery available within 24 hours. Ongoing access options can also be discussed.

Included Data Fields

• Event Date
• Event Title
• Source
• Location
• Event Description
• Event Category (Politics, Economy, Sports, etc.)
• Participants (if applicable)
• Event Impact (Social, Economic, etc.)

Techsalerator’s dataset is an invaluable tool for keeping track of significant events in Antigua and Barbuda. It aids in making informed decisions, whether for business strategy, market analysis, or academic research, providing a clear picture of the country’s news landscape.

The Spanish hospitality industry, valued at approximately €26.84 billion in 2025, demonstrates robust growth potential, projected to expand at a Compound Annual Growth Rate (CAGR) of 3.14% from 2025 to 2033. This growth is driven by several factors. Firstly, Spain's enduring popularity as a tourist destination fuels demand across all hotel segments, from budget-friendly options to luxury establishments. The country's diverse geographical landscape, rich culture, and pleasant climate attract a wide range of visitors, boosting occupancy rates and average daily rates (ADR). Secondly, the strategic investments in infrastructure and marketing initiatives by both the public and private sectors enhance the country's appeal to international and domestic travelers. Finally, the continuous evolution of hospitality offerings, including the integration of technology and personalized service, strengthens Spain's competitive edge in the global market. Increased adoption of loyalty programs by major hotel brands further contributes to repeat business and sustained revenue growth. However, the sector also faces challenges. Seasonality, a persistent issue in tourism-dependent economies, creates fluctuations in demand and revenue streams throughout the year. Furthermore, rising operational costs, including labor and energy expenses, can impact profitability. Competitive pressure from emerging destinations and evolving consumer preferences necessitate continuous adaptation and innovation within the hospitality sector. Addressing these challenges effectively requires a strategic approach encompassing sustainable practices, diversified revenue streams, and proactive responses to shifting market dynamics. The segment breakdown reveals that while the chain hotel sector dominates, independent hotels are also growing, reflecting evolving traveler preferences for unique and locally-owned experiences. The growth of service apartments, budget and economy hotels, and mid-scale offerings indicates a diverse market catering to various price points and traveler needs. Recent developments include: In December 2023, Hotel group Meliá, Spain's largest hotel group and Europe's third largest hotel group expanded its luxury brands around the world with one in every three of its planned pipeline openings under its luxury brands. From Europe, Africa, and Central America to the world's most captivating destinations, Spain's leading hotel group brings its Spanish hospitality to all corners of the globe with each development delivering luxury experiences responsibly., In November 2023, Hotelbeds, a subsidiary of HBX Group, entered into a strategic distribution agreement with Barceló, a luxury hotel group based in Barcelona, Spain. The strategic distribution agreement expanded Hotelbeds’ accommodation portfolio and extended the reach of the luxury hotel group’s Barceló brand throughout Europe, the Mediterranean, and Africa, opening up new possibilities for travellers. By partnering with Hotelbeds, Barceló added 130 of its hotels, spread across 15 countries, to Hotelbeds’ hospitality preferred portfolio., In April 2023, Minor Hotels, one of the world’s largest hotel owners, operators, and investors, with over 530 hotels spread across 56 countries across Asia Pacific, Middle East, Africa and the Indian Ocean, as well as in Europe, South America, and North America, announced the expansion of its lifestyle brand for millennial-focused travellers: avani hotels & resorts in Europe. Avani Hotels is designed for guests who value service, style, and value. The brand is known for its functional design and distinctive service offerings.. Key drivers for this market are: 4., Favorable Government Policies and Regulations4.; Rise in the Number of Hotels/Restauarnts in the Market. Potential restraints include: 4., Favorable Government Policies and Regulations4.; Rise in the Number of Hotels/Restauarnts in the Market. Notable trends are: An Increase in The Number of International Tourist Arrivals from the UK is Dominating the market..

In 2018, Venezuela was one of the most tourism-dependent country in terms of employment in Latin America and the Caribbean, with a rate of nearly *** job per tourist visiting the country. Brazil was the nation with the second largest number of direct tourism jobs per 100 travelers, with ** jobs per 100 tourists or nearly *** jobs per traveler. Honduras, Haiti and Colombia complete the top five of most tourism-dependent job markets in the region that year.

Since South Sudan became an independent state on 9 July 2011, there are now 195 independent sovereign nations in the world (not including the disputed but de facto independent Taiwan, plus some 60 dependent areas and several disputed territories, such as Kosovo.

193 sovereign states are United Nations members and equally represented in the UN General Assembly. Two non-member countries have permanent observer states: the Holy See and the State of Palestine.

Below is a list of countries and areas of the world in alphabetical order, with official names and alternative designations. The list contains English and French country names as well as the local names of the countries.

Links will lead to the respective One World - Nations Online country profiles.

Each country profile contains links to and information about important official websites of a country/territory, geographic information, maps, the national flag, history, culture, and tourist destinations. The country profiles include information on a country's population and languages, its capital(s) and largest cities, tourist attractions, and world heritage sites, as well as education, economy, newspapers and news sources, and other country information

Total tourism expenditure from each survey and the amount attributable to T&OL activities.

Belize was the Central American country most dependent on international tourism in 2019, with total expenditures of inbound visitors accounting for nearly ** percent of its gross domestic product. In second place was Panama, with only around ********* of Belize's share.

Tea Ceremony Masterclass Travel Market Outlook

According to our latest research, the Global Tea Ceremony Masterclass Travel market size was valued at $512 million in 2024 and is projected to reach $1.09 billion by 2033, expanding at a CAGR of 8.7% during the forecast period from 2025 to 2033. One of the primary factors propelling the growth of this market globally is the rising interest in cultural immersion experiences among travelers, particularly those seeking authentic, hands-on learning opportunities that connect them with traditional practices and local communities. As global tourism increasingly shifts toward experiential and educational travel, the demand for specialized masterclasses, such as tea ceremony-focused itineraries, is expected to grow robustly, attracting both leisure travelers and institutional groups.

Regional Outlook

Asia Pacific currently holds the largest share of the Tea Ceremony Masterclass Travel market, accounting for approximately 42% of global revenue in 2024. This dominance is attributed to the region's rich heritage in tea culture, particularly in countries such as Japan, China, and South Korea, where tea ceremonies are deeply embedded in social and historical contexts. The mature tourism infrastructure in these countries, coupled with government-backed cultural preservation policies, has created an enabling environment for niche travel experiences. Additionally, the presence of world-renowned tea schools and historic tea houses, especially in cities like Kyoto and Hangzhou, continues to attract both domestic and international tourists seeking authentic tea ceremony education, thereby sustaining the region’s leadership in market share.

Europe is the fastest-growing region in the Tea Ceremony Masterclass Travel market, projected to register a CAGR of 10.3% from 2025 to 2033. The surge in demand is driven by increasing cultural curiosity and lifestyle shifts favoring wellness and mindfulness activities. European travelers, particularly from Western and Northern Europe, are showing heightened interest in Asian cultural experiences, including tea ceremonies, as part of broader wellness tourism trends. Investment in cross-cultural travel programs and the proliferation of specialized travel agencies catering to cultural and educational tourism are further accelerating market growth. Major cities such as London, Paris, and Berlin have also witnessed the establishment of tea ceremony studios and pop-up events, which reinforce the region’s rapid market expansion.

Emerging economies in Latin America and the Middle East & Africa are gradually embracing the Tea Ceremony Masterclass Travel market, albeit with unique challenges. In these regions, adoption is influenced by a growing middle class and increased interest in cultural tourism among affluent travelers. However, barriers such as limited awareness, fewer direct flight connections to major tea-producing countries, and a lack of local expertise in tea ceremonies pose challenges to widespread adoption. Policy initiatives aimed at diversifying tourism offerings and targeted marketing campaigns are beginning to address these gaps, but the market remains in a nascent stage, with growth largely dependent on the success of educational partnerships and inbound tourism promotion.

Report Scope

BackgroundBorder control mitigates local infections but bears a heavy economic cost, especially for tourism-reliant countries. While studies have supported the efficacy of border control in suppressing cross-border transmission, the trade-off between costs from imported and secondary cases and from lost economic activities has not been studied. This case study of Singapore during the COVID-19 pandemic aims to understand the impacts of varying quarantine length and testing strategies on the economy and health system. Additionally, we explored the impact of permitting unvaccinated travelers to address emerging equity concerns. We assumed that community transmission is stable and vaccination rates are high enough that inbound travelers are not dissuaded from traveling.MethodsThe number of travelers was predicted considering that longer quarantine reduces willingness to travel. A micro-simulation model predicted the number of COVID-19 cases among travelers, the resultant secondary cases, and the probability of being symptomatic in each group. The incremental net monetary benefit (INB) of Singapore was quantified under each border-opening policy compared to pre-opening status, based on tourism receipts, cost/profit from testing and quarantine, and cost and health loss due to COVID-19 cases.ResultsCompared to polymerase chain reaction (PCR), rapid antigen test (ART) detects fewer imported cases but results in fewer secondary cases. Longer quarantine results in fewer cases but lower INB due to reduced tourism receipts. Assuming the proportion of unvaccinated travelers is small (8% locally and 24% globally), allowing unvaccinated travelers will accrue higher INB without exceeding the intensive care unit (ICU) capacity. The highest monthly INB from all travelers is $2,236.24 m, with 46.69 ICU cases per month, achieved with ARTs at pre-departure and on arrival without quarantine. The optimal policy in terms of highest INB is robust under changes to various model assumptions. Among all cost-benefit components, the top driver for INB is tourism receipts.ConclusionsWith high vaccination rates locally and globally alongside stable community transmission, opening borders to travelers regardless of vaccination status will increase economic growth in the destination country. The caseloads remain manageable without exceeding ICU capacity, and costs of cases are offset by the economic value generated from travelers.

In 2021, the travel and tourism sector in Antigua and Barbuda contributed to approximately 84 percent of the country's total employment. This Caribbean country was the most tourism-dependent island in the region in terms of employment that year. Aruba ranked second in the list, with a contribution above 80 percent.

Techsalerator’s Import/Export Trade Data for Maldives

Techsalerator’s Import/Export Trade Data for Maldives provides a thorough overview of international trade activities involving Maldivian companies. This dataset offers a detailed analysis of trade transactions, documenting and categorizing imports and exports across various industries in the Maldives.

To access Techsalerator’s Import/Export Trade Data for Maldives, please contact us at info@techsalerator.com or visit Techsalerator Contact with your specific requirements. We will provide a customized quote based on your needs, with delivery available within 24 hours. Ongoing access options can also be discussed.

Techsalerator's Import/Export Trade Data for Maldives integrates information from customs reports, trade agreements, and shipping records, offering businesses, investors, and trade analysts an in-depth understanding of Maldives’ trade landscape.

Key Data Fields

• Company Name: Identifies the companies involved in trade transactions, helping locate potential partners or competitors and track industry-specific trade patterns.
• Trade Volume: Provides details on the quantity or value of goods traded, offering insights into the scale and economic impact of trade activities.
• Product Category: Specifies the types of goods traded, such as raw materials or finished products, helping understand market demand and supply chain dynamics.
• Import/Export Country: Identifies the countries of origin or destination for traded goods, revealing regional trade relationships and market access.
• Transaction Date: Records the date of transactions, showcasing seasonal trends and shifts in trade dynamics over time.

Top Trade Trends in Maldives

• Tourism-Driven Trade: As a major driver of the Maldivian economy, tourism significantly influences trade patterns, including the import of luxury goods and construction materials for resort development.
• Fishing Industry: The Maldives is a prominent exporter of tuna and other seafood products, with the fishing industry playing a vital role in the country’s export economy.
• Dependence on Imports: The Maldives relies heavily on imports for most of its goods, including foodstuffs, fuel, and consumer products, reflecting its limited domestic production capabilities.
• Sustainability Focus: The Maldives is increasingly integrating sustainable practices into its trade activities, particularly in sectors like eco-tourism and sustainable fisheries.
• Regional Trade Partnerships: The Maldives maintains trade relationships with key partners such as India, China, and the United Arab Emirates, which influence its trade flows and policies.

Notable Companies in Maldivian Trade Data

• Maldives Industrial Fisheries Company (MIFCO): A major player in the export of tuna and seafood products, significantly impacting the country’s trade in the fishing sector.
• Maldives Marketing and Public Relations Corporation (MMPRC): Involved in promoting tourism and facilitating related trade activities, reflecting the tourism-driven aspect of the Maldivian economy.
• State Trading Organization (STO): Engaged in the import and distribution of essential goods, including food, fuel, and pharmaceuticals, playing a crucial role in the country’s trade.
• Laccadive Fishing Company: Focuses on the export of seafood products, contributing to the Maldives’ position in global seafood markets.
• Villa Group: A diversified conglomerate involved in various sectors including tourism, real estate, and retail, impacting the Maldives’ trade landscape.

Accessing Techsalerator’s Data

To access Techsalerator’s Import/Export Trade Data for Maldives, please reach out to us at info@techsalerator.com with your specific requirements. We will provide a tailored quote based on the number of data fields and records required, with delivery available within 24 hours. Ongoing access options can also be discussed.

Included Data Fields:

• Company Name
• Trade Volume
• Product Category
• Import/Export Country
• Transaction Date
• Shipping Details
• Customs Codes
• Trade Value

For detailed insights into Maldives’ import and export activities and trends, Techsalerator’s dataset is an essential resource for making informed and strategic decisions.