In a press statement, WTTC says that the French capital city is considered the world’s most powerful city destination for a variety of factors, including the travel industry’s contribution to GDP, employment, traveller spending and more.
The report says that city vacations were less popular during the pandemic, but have now once again risen in their popularity. Paris’s travel industry was worth nearly USD 36 billion in 2022, contributing that much to the city’s gross domestic product. WTTC says that it is expected it will grow to USD 49 billion by 2032.
‘‘While this shows just how massively popular the destination is currently, the report also noted that the city will likely cede its spot in first place to Beijing over the next decade. The Chinese economic and tourist hub currently has a travel industry worth USD 33 billion but is expected to reach USD 77 billion by 2032,’’ says WTTC report.
“Major cities such as London, Paris and New York will remain global powerhouses but over the next few years, Beijing, Shanghai, and Macau will be moving up the list of top city destinations,” said Julia Simpson, WTTC President & CEO.
“Tourists will always have favorite cities that they will return to, but as other countries prioritize Travel & Tourism, we are going to see new and emerging destinations challenging the traditional favourites,” adds Simpson.
Additionally, the report also recognised the top cities with the highest international traveler spending, which are Dubai with nearly USD 30 billion in spending, Doha with nearly USD 17 billion, London with USD 16 billion, Macau with USD 15.5 billion and Amsterdam, with USD 13.5 billion.
It is expected that the top five cities with the highest international traveller spending will be Hong Kong, with USD 52 billion in spending, Macau with USD 43 billion, Dubai with nearly USD 43 billion, Singapore with USD 37.4 billion, and Bangkok with USD 33.4 billion. The report was conducted jointly with Oxford Economics and sponsored by Visa, says the statement.