The travel and tourism (T&T) industry has been one of fastest-growing sectors globally over the past ten years, and this upward trend is expected to continue in the future. The number of international travelers reached 1 billion in 2012 and has almost doubled over the past 20 years. It is estimated that the T&T sector directly contributes about 9.3 percent of GDP and 3.4 percent of employment worldwide. In addition to its direct economic impact, a strong T&T industry helps to boost productivity and to connect countries by prompting hard and soft infrastructure upgrades, which are key elements for development.

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