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WTTC’s annual Global Summit brings together over 800 delegates to discuss the opportunities, challenges and issues facing the industry WTTC’s annual Global Summit brings together over 800 delegates to discuss the opportunities, challenges and issues facing the industry

WTTC Members to Invest USD1.9 Billion into Argentina

Christopher Nassetta, chairman, World Travel & Tourism Council (WTTC) announced that WTTC members are set to invest USD1.9 billion into Argentina over the coming years.

The announcement was made in the presence of Mauricio Macri, president, Argentina, and more than 100 industry leading CEOs at WTTC Annual General Meeting, Buenos Aires on April 18.

Nassetta commented, “In total across the country, travel and tourism support 1.8 million jobs today, and we expect to add another 300,000 jobs here over the next decade with our collective investment of nearly USD2 billion an important driver of this growth.”

WTTC further noted that policies implemented by Macri had helped stabilise the economy, and his clear message, after many years of protectionist policies, was that Argentina is open for business, meaning a positive move for tourism.

The substantial investment is a testament to Macri’s continued support and commitment to the travel and tourism sector, WTTC said.