Page 50 - Kuwait-Three-Years-Business-Outlook-2019-2020-2021

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Kuwait Hospitality Sector by World & Travel Tourism Council

KHOA

• The direct contribution of Travel & Tourism to GDP in 2017 was KWD973.2mn (2.8% of GDP). This is forecast to rise by 6.9% to KWD1,040.6mn in 2018.

• This primarily reflects the economic activity generated by industries such as hotels, travel agents, airlines and other passenger transportation

• The direct contribution of
Travel & Tourism to GDP is
expected to grow by 4.8% pa
to KWD1,668.2mn (3.0% of
GDP) by 2028.

• The total contribution of Travel
& Tourism to GDP (including
wider effects from investment,
the supply chain and induced
income impacts, was
KWD2,098.4mn in 2017 (6.0%
of GDP) and is expected to
grow by 6.6% to
KWD2,237.2mn (6.1% of
GDP) in 2018. It is forecast to
rise by 4.8% pa to
KWD3,590.0mn by 2028
(6.4% of GDP).

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