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World Tourism Organization
Developing countries lead dynamic world tourism growth
Friday, March 07, 2008

International tourist arrivals exceeded 6% growth in 2007 on the back of strong global economic growth. Developing countries grew by 8%. These figures again underscore UNWTO’s long held view that sustainable tourism can play a major role in helping to achieve the UN Millennium Development Goals, in two way world services trade and in responding positively to climate change imperatives.

2000–2007

The market share of developing countries has grown to 40% of worldwide international arrivals - up from 34% in 2000:

It has encouraged investment in tourism infrastructure in countries from Asia and the Pacific, the Middle East, Africa, Central and South America.

It has at the same time boosted intra regional travel with strong demand from emerging middle classes - with increasing long term potential in all world markets.

2008 Outlook

UNWTO expects international tourist arrivals to continue its positive growth trends this year, but at a moderated rate.

After four consecutive years of strong growth, less favourable global economic prospects, continuing high oil prices and greater uncertainty are key factors. Estimates stay close to the long-term yearly growth rate of 4.1% through 2020, estimated by UNWTO.

Again, developing countries will be among the frontrunners and continue their strength of the past years. Most regions are expected to sustain their current growth trend in 2008, but at a somewhat slower rate.

Theodore Koumelis - Friday, March 07, 2008
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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