The World Travel & Tourism Council (WTTC) has announced that theLas Vegas Convention and Visitors Authority (LVCVA)will host 2011 Global Travel & Tourism Summit in Las Vegas.
"We are honoured to host the 11th Global Travel &Tourism Summit," said LVCVA President/CEO Rossi Ralenkotter. "Las Vegas is a premier destination for leisure and business travel and welcomes more than 36 million visitors annually from around the world. Las Vegas was built to host events. "The Travel & Tourism industry generates US$30 billion for Southern Nevada and employs 235,000 people. The industry is the economic driver for the State of Nevada," Ralenkotter added.
The Las Vegas Summit will be held at ARIA Resort & Casino, the centrepiece of CityCenter, the unprecedented urban resort destination which opened on the Las Vegas Strip in December 2009. CityCenter is a joint venture between MGM MIRAGE and Infinity World Development Corp, a subsidiary of Dubai World.
Jim Murren, Chairman and CEO of MGM MIRAGE, said: "We are honoured each day to welcome guests from around the world. To be able to host this distinguished group of travel industry leaders is an especially exciting opportunity for all of us at MGM MIRAGE."
Las Vegas's Summit bid was significantly strengthened by support from local and regional governments, as well as key industry bodies, such as the US Travel Association (US Travel). "Las Vegas is one of the best-known tourism destinations in the USA, and globally," said Roger J Dow, President & CEO of US Travel.
WTTC's annual Global Travel & Tourism Summit brings together over 1,000 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.
The Travel & Tourism Economy contributes US$5,751 billion to global GDP, 9.2% of the total. This is expected to grow to US$11,151 billion (9.6%) by 2020. The industry (directly and indirectly) supports over 235 million jobs in 2010, and the total is forecast to increase to just over 303 million by 2020. Travel & Tourism investment is estimated at US$1,241 in 2010 and should reach US$2,757 billion by 2020.
WTTC is the forum for business leaders in the Travel & Tourism industry. With the Chairs and Chief Executives of the 100 foremost Travel & Tourism companies in the world as its Members, WTTC has a unique mandate and overview on all matters related to Travel &Tourism.