Travel and tourism grows 3.7 per cent, adds 7.2 million new jobs in 2015 Falling oil prices and volatile equity markets, as well as several other global developments, including the slowdown in the Chinese economy and the devaluation of the ruble, shook the markets last year. Many industries witnessed both revenues and volumes dwindling and hitting rock bottom. However, one sector sustained itself through the tumults and the turmoil: travel and tourism, according to the World Travel and Tourism Council (WTTC). According to the council’s latest report, the industry contributed more than $7.2 trillion to the world’s gross domestic product and added 7.2 million jobs last year. The travel and tourism industry in the Middle East region saw 5.9 per cent growth in contribution to GDP during the year. “Despite uncertainty in the global economy and specific challenges to Travel & Tourism last year, the sector grew by 3.7 per cent, contributing a total of 9.8 per cent to the global GDP,” says David Scowsill, President and CEO of the WTTC.