Tourism one of the fastest-growing economic sectors in the world: UNWTO

Published on : Friday, January 22, 2016

UNWTO NEW logo_40Tourism is now one of the largest and fastest-growing economic sectors in the world, as per United Nations World Tourism Organisation (UNWTO) publication.

 
On the dimensions of international tourism, UNWTO’s Visa Openness Report 2015 indicates that over the past six decades, tourism has continued to expand and diversify.
From 1980 to 2014, international tourist arrivals (overnight visitors) grew four-fold from 279 million in 1980 to 1,132 million in 2014, corresponding to an average growth of 4.2 per cent a year, says the report. It further mentions that many new tourist destinations have emerged alongside the traditional ones of Europe and North America.

 
The report reads: “From 1980 to 2014, the export value of tourism – that is, international tourism receipts, including international passenger transport – increased from $125 billion in 1980 to $1.5 trillion in 2014, representing the same annual average growth as that of international tourist arrivals. According to the World Tourism Organisation (UNWTO) long-term forecast Tourism Towards 2030, international tourist arrivals are expected to continue to grow at the sustained pace of 3.3 per cent a year on average, reaching 1.8 billion by 2030.”

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