Between 2014-2020, tourism market to turn into an emerging consumer marketplace

Published on : Thursday, May 10, 2018

globeGrowing per capita income is motivating the growth and development of the global tourism market leading to constant growth in overseas tourism. In the last five years, tourism market has become an emerging economy; particularly in continents like South America and Asia who have been driven by the global tourism market to the T. In comparison to a decade ago, global tourism market has undergone sea changes.

 

Now, promising economies account for more market share as compared to developed economies.

 

As per International Travel Association (ITA), the international tourist arrival number in the U.S.is hoped 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 to lure numerous tourists across the globe.

 

These efforts are causing immense growth to the global tourism market. Adventure tourism is a completely new concept in tourism market, motivating the overall tourism market. Additionally, medical tourism is a new genre seen in global tourism market. Major price difference of medical procedures between different countries is driving the trend of medical tourism across the world.

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