Published on : Friday, April 27, 2018
Both emerging and advanced economies fuelled growth, led by the United States which spent US$ 12 billion more on travel abroad.
China spent US$ 8 billion more, becoming the top spender internationally. The Russian Federation spent US$ 7 billion more and Brazil US$ 5 billion more, both recovering from weaker spending in previous years.
The other three BRIC economies all witnessed increased expenditure in 2017. India also saw increase with 9% growth in spending to US$ 18 billion and moved up four places in the ranking to 17th.
“Emerging economies play a key role in tourism development and we are very pleased to see the rebound of the Russian Federation and Brazil, and the ongoing rise of India, as these key emerging outbound markets contribute to growth and market diversification in many destinations”, said UNWTO Secretary-General, Zurab Pololikashvili.
Tags: Strong outbound tourism