What you might call a holiday, the World Travel and Tourism Council calls a US$11.6 trillion industry that contributes 9.8 per cent to global GDP, while supporting one out of every nine jobs. These and many other numbers were discussed this week in Malta, in sessions titled “Where Will Future Growth Come From?”, “AI Unlocked: The New Era of Travel,” and “The Next Great Travel Investment.”
I’m aware that an industry conference outside your personal interest can be as dull as an infant’s practice scissors, except travel is in all our personal interest, whether or not we care about the industry behind it.
Chances are you’ve been on one of the estimated 100,000-plus flights that take off every day, booked a room in one of approximately 180,000-plus hotels, or a table at one of millions of restaurants worldwide. Tourism encompasses leisure and recreation, as well as business, conferences, and trade. We travel for adventure, for food, culture, history, sport, religion, wellness, wildlife, academic pursuits, professional opportunities and family reunions. UN Tourism reports that an estimated 1.52 billion international arrivals were recorded in 2025, continuing significant year-over-year growth as travel booms following the pandemic shutdown. Most of us have skin in the tourism game, and everyone benefits when the industry that supports it plays better.