Industry Analysis & Industry Trends
The Global Tourism industry is undergoing rapid recovery following a difficult period during the recession. International tourist arrivals continue to grow as global per capita income increases and consumer sentiment improves. Over the past five years, tourists going to from emerging economies, particularly counties in Asia and South America, have driven the industry's growth. Emerging economies now account for a much larger share of the tourism industry, as compared with a decade ago. Over the five years to 2019, the industry is expected to continue over the next five years as the global economy continues to strengthen... read more
The key factors affecting the regional distribution of the Global Tourism industry include a country or region's share of global population. This is important in terms of the actual volume of people available to travel. The region's share of global GDP is also important in terms of the population's available discretionary income and the region's share of global economic activity.
The relative geographic location of a country and the ease of travel to other countries is a major factor affecting tourism levels, particularly for the United Kingdom and Western and Eastern Europe. Travel by automobile, as well as by train or air, is available to many short haul tourist destinations for short or longer breaks... read more