Globalisation and a growing trend in travelling have increased the number of people visiting foreign countries each year. This has brought with it increased GDP growth due to tourism spending.
In fact, travel and tourism’s contribution to world GDP grew for the sixth consecutive year in 2017.
Additionally, global visitor exports, which is money spent by foreign visitors, accounted for 6.6% of total world exports, and almost30% of total world services exports.
But, which countries are spending the most on tourism?
onthegotours.com used World Travel and Tourism Council data and analysed the amount spent by 45 of the most visited countries, according to UN World Tourism Rankings, on outbound tourism and compared it to the amount spent on inbound tourism.
Here are some hooks the 'Which countries rely the most on tourism spend?' content reveals:
China is the country who spend the most on their holidays and trips abroad out of all of the most visited countries on the list. The Chinese spend $289.4 billion on outbound tourism.
The Top 5 biggest spenders on tourism
- China. $289.4 billion
- USA. $151.4 billion
- Germany. $86.8 billion
- UK. $72.8 billion
- France. $47.8 billion
The Top 5 countries who receive the most tourism spending
- USA. $212.3 billion
- China. $119.7 billion
- Spain. $65.7 billion
- Thailand. $53.7 billion
- France. $46.8 billion
Thailand breaks out of the pattern - Thailand locals spend $8.4 billion on outbound tourism, but receive a healthy $53.7 billion into their economy from travellers; almost 6.5 times more than what they're spending and $45.3 billion in profit
Countries who are almost 50/50 on outbound and inbound tourism - France and The Netherlands each have only a difference of $1 billion between their two figures with both of the European countries spending a billion more on their outbound tourism