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Forecast revisit for the global travel and tourism industry

Global arrivals are predicted to continue their growth in the next five years, matching GDP increases, as travel continues to illustrate its popularity. Average spend will, however, remain stagnant over the same time period, as a result of continuing caution and hesitancy amongst European travellers.

The World Tourism organisation (UNTWO) celebrated the world’s billionth international arrival in December 2012, a world record highlighting the ongoing vitality in tourism.

Global tourism performance is being driven by emerging markets, notably the BRICs. Developed countries are, however, also seeing continued growth in arrivals, benefiting from growing outbound flows from emerging markets.

Global arrivals are predicted to continue their growth in the next five years, matching GDP increases, as travel continues to illustrate its popularity. Average spend will, however, remain stagnant over the same time period, as a result of continuing caution and hesitancy amongst European travellers.

Asia Pacific is home to some of the key countries expected to record significant growth in arrivals over the next five years, including Vietnam, Myanmar, Uzbekistan and the Philippines.

WTM Vision Master Report

Theodore Koumelis
Co-Founder & Managing Director - Travel Media Applications | Website | + Posts

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.

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