By 2020, tourism market all over is anticipating a huge growth
Published on : Monday, February 19, 2018
The growing per capita income is propelling the growth in terms of global tourism market causing continuous growth in international tourism. In the last five years, tourism market in all the growing economies of the world, particularly countries in South America and Asia have motivated the global tourism market immensely. In comparison to a decade ago, global tourism market experienced huge changes. Currently, all the emerging economies comprise more market share in comparison to the developed economies. As per 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 this year.
Government bodies and organizations like the World Tourism Organization UNWTO are all prepared in endorsing tourism to lure varied tourists worldwide. These efforts cause growth in terms to the global tourism market. In tourism market, adventure tourism is a fresh new concept motivating the tourism market as a whole. Additionally, medical tourism is also a new tendency noticed in global tourism market. Important price disparities of medical procedures witnessed in different countries are actually driving the trend of medical tourism all over the world.
Global sports along with game events are yet other driving factors for the global tourism market. People travel to take pleasure in sports events like FIFA World Cup 2014, London Olympics 2012 and ICC World Cup 2011. Nonetheless, outbreaks of ailments like Ebola in few countries impacted the global tourism to a huge extent. Ebola outbreak in West Africa influenced the tourism market in African region.
Tags: tourism market