LEVEL 1 - 15 OF 50 STORIES

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Term Paper Title	LEVEL 1 - 15 OF 50 STORIES
# of Words	560
# of Pages (250 words per page double spaced)	2.24

  LEVEL 1 - 15 OF 50 STORIES

    Copyright 1992 Information Access Company, a Thomson Corporation Company
                                      ASAP
                       Copyright 1992 Reed Travel Group
                                 Travel Weekly

                                 April 6, 1992

SECTION: Vol. 51 ; No. 28 ; Pg. 14; ISSN: 0041-2082

LENGTH: 506 words

HEADLINE: Travel and  tourism  is top employer; Council reports industry is the
world's largest; World Travel &  Tourism  Council

BODY:
    HONG KONG -- The World Travel &  Tourism  Council's second annual report
states that travel and  tourism  is the world's largest industry and employer.

    The council, which seeks to promote the importance of  tourism  among
government leaders, is a global coalition of 43 chief executive officers from
various sectors of the travel industry.



    At its annual meeting here, the council announced its findings on travel and
tourism:

    * It is the world's largest industry, approaching $ 3.5 trillion in gross
output.

    * It employs 127 million people, or one in every 15 workers.

    * It is the world's leading industrial contributor, producing 6.1% of the
world gross national product.

    * It is also the leading producer of tax revenues at $ 303 billion.

    The report also forecast  tourism  growth for the future.

    "After considering the devastating effects of the Gulf War and economic
recession, 1993 expectations are for modest renewed growth, with travel and
tourism  growing more than 6.1% per year, or 23% faster than the world
economy," the report stated.

    The European Community leads the world in gross output, while the
Caribbean  leads in travel and  tourism  growth, according to the report.


    Between 1990 and 1993, travel and  tourism  employment is expected to grow
50% faster than world employment, the...

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