Published on : Thursday, April 26, 2018
All top 25 source markets, comprising emerging and advanced economies, in the barometer showed higher spending on international tourism in 2017.
The BRIC economies are a standout, with China cementing its leadership as the biggest spender in travel abroad in 2017 with US$258 billion in expenditure. The other BRIC economies also substantially increased expenditure in 2017.
India, another key emerging outbound market, continued its rise with nine per cent growth in spending to US$18 billion, moving up four places in the ranking to 17th.
Advanced markets also had robust performance in 2017, led by the US as the second largest outbound market spend US$135 billion.
Expenditure from Germany (the third largest market) and the UK (fourth) both increased three per cent, and France (fifth) saw a one per cent increased.
Australia (sixth) reported seven per cent growth and Canada (seventh) a nine per cent increase.