Industry Analysis & Industry Trends
The Global Tourism industry has experienced steady growth over the five years to 2016. International tourist arrivals continue to grow, as global per capita income increases and consumer sentiment improves. In the coming years, the industry is expected to continue growing, as the global economy continues to strengthen. Despite some distressed areas due to conflicts or regional economic problems, several factors, such as growing per capita disposable income and improving consumer sentiment, point toward strong tourism growth... 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