by enabling more efficient visa processes, which could drive increased multi-country travel across the region. Julia Simpson, WTTC President & CEO, said: “Oceania has an unparalleled opportunity to grow its Travel & Tourism sector in a way that not only drives economic growth but sets the standard for sustainability. “By investing in climate-resilient infrastructure and supporting Indigenous communities, the region could become a global leader in eco-conscious, inclusive tourism.” Zubin Karkaria, Founder and Chief Executive Officer, VFS Global Group, said: “We are delighted and honoured to collaborate with WTTC on this comprehensive report that highlights the immense potential of the travel and tourism industry in Oceania. “As the world’s leading outsourcing and technology service specialist, VFS Global works with 69 governments worldwide with a presence in over 150 countries. Since establishing our presence in the Oceania region in 2008, we are now the trusted partner of 26 governments, serving 15 cities across 8 countries in the region. “VFS Global is committed to playing a pivotal role in harnessing the region’s potential, along with upskilling the workforce, a crucial component in the tourism sector. Together, we aim to unlock new opportunities and support long-term resilience and success of the sector.” Sustainability is central to the region’s long-term success. The report highlights the need for eco-friendly infrastructure, including renewable energy solutions for resorts and climate-adaptive projects, which will not only reduce the sector’s environmental footprint, but also attract the growing market of environmentally conscious travellers. Indigenous-led tourism is also critical in this transition, providing authentic cultural experiences while ensuring local communities benefit directly from tourism revenue. A LOOK AT 2024 By the end of this year, Travel & Tourism in Oceania is forecast to grow by 16.5% above pre-pandemic levels to reach US$224 billion, and employment supported by the sector is expected to exceed prepandemic figures by 4.8%, employing 2.3 million people. However, international visitor spending is projected to remain 4% below 2019 levels, with a full recovery not expected until 2025. 8 BUSINESS VIEW OCEANIA VOLUME 06, ISSUE 12
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