By 2020, tourism market is anticipating a worldwide growth!

Published on : Tuesday, January 16, 2018

The growing per capita income is propelling the development of global tourism market, causing constant growth in international tourism. The tourism market in the last five years has become an emerging economy; particularly in countries like South America and Asia who have driven the global tourism market. In comparison to a decade before, the global tourism market has went through a lot of changes. Growing economies now look for more market share in comparison to developed economies. According to the International Travel Association (ITA), the international tourist arrival number in the U.S.is anticipated to increase from 69.8 million in 2013 to 83.8 million by 2018.

 
Government organizations like the World Tourism Organization UNWTO are endorsing tourism in a way to lure varied travelers all over the world. These efforts are causing growth to the global tourism market. Adventure tourism is new idea in terms of tourism market, motivating the entire tourism market. Additionally, medical tourism is also a latest trend noticed in global tourism market. Important differences in terms of price of medical procedures between different countries are initiating the trend of medical tourism across the world. Global sports along with different game events are other driving factors for the global tourism market. People travel to take parts in different sports events like FIFA World Cup 2014, London Olympics 2012 and ICC World Cup 2011. But, disease outbreaks like Ebola in few countries impact the global tourism up to huge extent. Ebola outbreak in West Africa impacted the tourism market in African region.

Tags: worldwide growth!