news
9-11 June
CCMG announces
new dates for The Nordic MICE Summit 22.
Hard work ahead
Dubai captures 120 international business events
Goal: 400 global economic events annually by 2025.
next-gen platform
mci group
opens a creative technology studio in Brazil.
23,000 participants
Eighteen International Conferences
Selected Seoul to be the Destination.
over 300 programmes
Helsingborg, southern Sweden
invites the world to a 35-day innovation fest with H22 City Expo.
hotel news
Scandic to open
climate-neutral hotel in Sundsvall, Sweden, in 2024.
airline news
China blocks some flights from the U.S. as Covid precautions rise
United canceled flights from San Francisco to Shanghai on six days in late January.
could be 8,000 delegates
The World’s Largest Congress on Allergy
Heads to Prague, Czech Republic.
hotel news
Germany’s first Radisson Collection hotel
opens in the heart of Berlin.
business & meetings
Beijing North Star Convention and Exhibition
and GainingEdge Enter into Strategic Partnership.
RSS
rss_icon
Links
UNWTO: Tourism becomes world’s third-largest export sector

The international tourism sector has seen uninterrupted growth in arrivals for eight straight years, with 2017’s growth being the highest since 2010; with a record performance of US$ 1.6 trillion. This represents an increase of 7%, according to the World Tourism Organization (UNWTO).

Additionally, travel industry generated another US$ 240 billion from international passenger transport taken by non-residents. Europe and Africa led the growth, with increases in arrivals of 8% and 9%, respectively.

The UN body, in its latest collection of travel industry highlights, further notes that the strong results were driven by sustained travel demand for destinations across all world regions, including a firm recovery by those that have suffered from security challenges in recent years.

In 2017, China remained the leader in global outbound travel, with an expenditure of US$ 258 billion on international travel industry. This translates to approximately one-fifth of the world’s total tourism spending in 2017, which stood at US$ 1.3 trillion, some US$ 94 billion more than in 2016. 2018 is seen to continue with the robust growth, with available data showing that international tourism recorded a year-on-year increase of 6% in arrivals between January and April.