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Despite a number of “Black Swan” events in manyparts of the world such as the Arab Spring, the tsunami in Japan, flooding in Thailand and ongoing bank or national debt crises, the recovery in consumertravel demand that began in 2010 also continued in 2011. The preliminary results of the World Travel Monitor from IPK International show a 5% rise in global outbound travel (with overnights) in 2011 to 750 million (following again of 7% in 2010). This represents a new record high in global outbound travel.
The number of overnight stays rose 4% to 6.2 billion nights (2010 like-wise saw 4% growth); the total volume of overnight accommodation there by nally besting that of 2008 for the first time. At 828 billion Euro, travel spen-ding on international foreign travel in 2011 (corresponding to an 8% increaseover the previous year) also edged past its former record high of 2008.
Global Travel Trends-IPK PR ITB 2012
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
