The World Travel & Tourism Council (WTTC) estimates that the tourism sector systematically rebounds following crises and can even emerge stronger through appropriate policies. A new report confirms this phenomenon.
The World Travel & Tourism Council (WTTC) has announced the publication of a global report titled 'Accelerating Travel & Tourism Recovery - Global Evidence from Four Decades of Crises'. The study analyzed 40 years of data and 100 major crises, concluding that 'no tourism destination has experienced a lasting collapse once a crisis has ended'. The WTTC emphasizes that the fastest recoveries consistently rely on strong coordination between governments and private sector stakeholders.
The report notes, for instance, that international arrivals rebounded after the Covid-19 pandemic, rising from a 72% drop in 2020 to 1.47 billion travelers in 2024, a level equivalent to that of 2019. International visitor spending reached a record 2.02 trillion USD in 2025.
According to the latest WTTC data, global tourism contributed 11.6 trillion USD to global gross domestic product in 2025, representing 9.8% of the global economy, and supports 366 million jobs.
For Gloria Guevara, President and CEO of the WTTC, 'the question is not whether the sector will recover, but how quickly we choose to enable that recovery'.
Accor is the No. 1 European hotel group. Net sales break down by activity as follows:
- operating hotels under management contract (70.9%; HotelServices);
- owned and leased hotel management (29.1%). In addition, the group offers a business of renting luxury private residences, as well as providing digital services to independent hoteliers, concierge services, etc.
At the end of 2025, the group operates a network of more than 5,600 hotels distributed between luxury and top-range hotels (Raffles, Fairmont, Sofitel, Pullman, MGallery, Swissotel, Grand Mercure, Mövenpick, The Sebel and Rixos names), mid-range hotels (Novotel, Novotel Suites, Mercure, adagio, Mama Shlter and Tribe), and economy hotels (ibis, ibis Styles, ibis budget, adagio access, hotelF1, Formule 1, Jo&Joe, Breakfree and Greet).
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.