Published on : Wednesday, December 5, 2018
This year has turned out to be quite strong for the tourism industry, which has registered uninterrupted growth in international trips globally. In the first eight months of 2018, international outbound trips grew by six per cent worldwide, with Asia and South America recording the highest increases. According to the findings by IPK International, the outlook for 2019 remains positive as well.
Asians are as keen to travel as before. Following below-average growth in 2017, this year Asia is on a strong recovery path with an increase of eight per cent. One contributing factor is the upswing in China, with more foreign trips than the previous year. Latin America had an increase of eight per cent. This can be mainly attributed to Mexico, which has recovered from last year’s negative growth rates.
In terms of destinations, Asia witnessed the strongest growth and recorded a plus in visitors with eight per cent growth. Europe followed with eight per cent more guests, while the Americas had an eight per cent increase.
Holiday trips continue to be the main reason for traveling abroad – with a further increase of seven per cent. Visits to friends and relatives (VFR) grew by five per cent year-on-year.
Business trips increased below average, whereas, MICE travel, which accounts for the majority of business trips, increased by five per cent.