The travel & tourism (T&T) industry plays a vital role in the global economy and community. Tourism now accounts for 7% of In the publication, UN regions and subregions are ranked by the number of international visitor arrivals, by the revenue generated by inbound tourism, and by the expenditures of outbound travelers. The report includes amongst others the performance of key tourism related sub-sectors such as accommodation, food and beverages as well as estimates of direct jobs created through tourism. Global tourism has now grown for nine years in succession, with international arrivals reaching 1.4 billion in 2018, two years ahead of fore casts. Growth in tourism receipts con tinue to out- perform global Gross Domestic Product (GDP) and have now reached 1.7 trillion USD. Data / research on tourism & hotels inc. Travel & Tourism’s growth in 2019 is expected to remain resilient despite a slowing global economy. Researchers say that people spend between 3,000$ and 10,000$ per tourist for medical services It is estimated that the medical tourism market will have a value of 125 billion by 2021. The direct contribution of the travel and tourism industry accounted for 3.3 percent of the total global GDP in 2019, showing a small rise over the previous year. The World Tourism rankings are compiled by the United Nations World Tourism Organization as part of their World Tourism Barometer publication, which is released up to six times per year. License : CC BY-4.0 In fact, travel and tourism as a global industry has flourished since the last report in 2017, and its contribution to global GDP (currently at 10%) is expected to … The medical tourism market is among the fastest-growing markets in the world. In 2018, the industry helped generate 10.4% of world GDP and a similar share of employment, and has shown enormous resilience over the last decade. Our forecasts point to a 3.6% expansion for Travel & Tourism, faster than an expected global economy growth of 2.9%. International tourism, number of arrivals World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files. The Quarterly Tourism Fact Sheet provides quarterly performance of key global and national tourism indicators. Global Forum on Tourism Statistics, Food & Tourism Experience, climate change & tourism, Tourism Satellite Account, int.
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