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Major new research from the World Travel & Tourism Council (WTTC) has revealed that as the global travel and tourism sector begins to recover from the ravages of the COVID-19 pandemic, its contribution to the global economy could reach USD8,6 trillion this year.

A total of 1,080 deals were announced in the global travel and tourism sector during 2021, which is an improvement of 1,3 percent over the 1,066 deals announced during 2020, according to GlobalData, a leading data and analytics company.