news
joining forces
Meet in Reykjavík
is now under the umbrella of Promote Iceland.
New knowledge
Brain research
shows added value live events.
Covid-19
BTM World 2020
transitions to virtual.
post-pandemic momentum
Dubai Tourism forms Business Events Stakeholders committee,
host first meeting as industry resumes activity.
hotel news
Scandic expects
occupancy of 30-35 percent for September.
Covid developer
Scandic Hotels
launches the largest network of coworking spaces in the Nordic countries.
planned for 16-17 Sep
Update on GIAF
- New dates set for 5-6 November 2020.
sustainability
Sands Expo and Convention Centre
is now a carbon neutral venue.
positive impact
The Hague webinar
celebrates partnerships and first anniversary of Ottawa MOU.
expanding network
ICCA Partners up
with Geneva International Associations Forum (GIAF).
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.