Christopher J. Nassetta, Chairman, WTTC and President & CEO, Hilton, announced this morning the investment of $1.9 billion USD in Argentina by WTTC members over the coming years. The announcement was made in front of Mauricio Macri, Argentine President, and more than 100 industry-leading CEOs at the WTTC Annual General Meeting in Buenos Aires, Argentina.

“It’s an honour to be here in Argentina and, speaking on behalf of WTTC’s membership, we could not be more pleased to witness first-hand the benefits of the investment that’s happening here,” said Nassetta. “In total across the country, Travel & Tourism supports 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 $2 billion an important driver of this growth.”

Policies implemented by Argentine President Macri have helped stabilize the economy and his clear message that, after many years of protectionist policies, Argentina is open for business is a positive move for tourism. The substantial investment is a testament to Argentine President Macri’s continued support and commitment to the Travel & Tourism sector.

During a summit among the Tourism Ministers of the G20 economies, yesterday, Argentine President Macri has asked to take his message of support to the G20 World Leaders’ meeting in November.

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About WTTC: The World Travel & Tourism Council is the global authority on the economic and social contribution of Travel & Tourism. It promotes sustainable growth for the sector, working with governments and international institutions to create jobs, to drive exports and to generate prosperity. Every year WTTC, together with Oxford Economics, produces its flagship Economic Impact Report, which looks at the socioeconomic benefits of Travel & Tourism on global, regional and country level. This year the report shows data on 25 regional groupings and 185 countries.

Travel & Tourism is a key driver for investment and economic growth globally. The sector contributes US$8.3 trillion or 10.4% of global GDP, once all direct, indirect and induced impacts are taken into account. The sector also accounts for 313 million jobs or one in ten of all jobs on the planet.

For over 25 years, WTTC has been the voice of this industry globally. Members are the Chairs, Presidents and Chief Executives of the world’s leading, private sector Travel & Tourism businesses, who bring specialist knowledge to guide government policy and decision-making, and raise awareness of the importance of the sector.

WTTC’s annual Global Summit brings together over 800 delegates to discuss the opportunities, challenges and issues facing the industry, while its Tourism for Tomorrow Awards recognise the industry’s power to be a positive force in sustainability. This year, the Summit will take place in Buenos Aires, Argentina, 18-19 April.