Published on : Tuesday, July 31, 2018
Germany presents an attractive set of conditions and makes investments lucrative. Despite a global recession, Germany has not been in bad shape in Germany Outbound Travel and Tourism market. The number of outbound tourists in Germany is forecasted to reach nearly 5 Million by 2020. Additionally, spending by tourists is also expected to rise.
The United States is expected to be the leading destination for the German travelers by 2020. China and Singapore are also prospective traveler sources for Germany after the US.
When it comes to tourist spending in Germany, the United States is the leader. The US is likely to maintain its dominance in Germany Outbound Travel and Tourism spending but its share is expected to go down by the year 2020, as German tourists are now exploring various other destinations.