All through 2020, Global Tourism Market Revenue to experience immense growth

Published on : Thursday, January 3, 2019

The rising per capita income is propelling the growth and development of global tourism market heading to constant growth in international tourism. In the previous five years, tourism market in emerging countries in South America and Asia has provided global tourism market. In comparison to a decade ago, global tourism market has gone through a lot of changes. At present, emerging economies account for more market share in comparison to developed economies. According to International Travel Association (ITA), the number of international tourists coming in the U.S.is anticipated to grow from 69.8 million in 2013 to 83.8 million by 2018.

 

Government bodies and organizations like the World Tourism Organization UNWTO are endorsing tourism in a way to lure diverse tourists worldwide. These efforts are leading to the development of global tourism market. In tourism market, adventure tourism is a new concept, driving the tourism market in general. Additionally, medical tourism is also a new trend noticed in world tourism market. Significant price difference of medical procedures between various countries is motivating the medical tourism trend worldwide. Global sports and game events is yet another motivating factor for world tourism market. People travel to take pleasure in sports events like FIFA World Cup 2014, London Olympics 2012 and ICC World Cup 2011. Nevertheless, disease outbreaks like Ebola in various countries impact the global tourism up to a huge extent. Ebola outbreak in West Africa impacted the tourism market in African region.

 

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