why is tourism the fastest growing industry


Tourism an economic and social phenomenon Over the decades, tourism has experienced continued growth and deepening diversification to become one of the fastest growing economic sectors in the world. Modern tourism is closely linked to development and encompasses a growing number of new destinations. These dynamics have turned tourism into a key driver for socio-economic progress. Today, the business volume of tourism equals or even surpasses that of oil exports, food products or automobiles. Tourism has become one of the major players in international commerce, and represents at the same time one of the main income sources for many developing countries. This growth goes hand in hand with an increasing diversification and competition among destinations. This global spread of tourism in industrialised and developed states has produced economic and employment benefits in many related sectors – from construction to agriculture or telecommunications. The contribution of tourism to economic well-being depends on the quality and the revenues of the tourism offer.


UNWTO assists destinations in their sustainable positioning in ever more complex national and international markets. As the UN agency dedicated to tourism, UNWTO points out that particularly developing countries stand to benefit from sustainable tourism and acts to help make this a reality. Current developments and forecasts International tourist arrivals grew by 4. 6 % in 2015 to 1,184 million
In 2015, international tourism generated US$ 1. 5 trillion in export earnings UNWTO forecasts a growth in international tourist arrivals of between 3. 5% and 4. 5% in 2016 By 2030, UNWTO forecasts international tourist arrivals to reach 1. 8 billion (UNWTO Tourism Towards 2030) UNWTO Tourism Highlights 2017 edition presents a concise overview of international tourism in the world based on the results for the year 2016. The booklet includes: – Long-term forecast: Tourism towards 2030 Download your own copy.


For more information on Facts Figures please visit: Despite a drop for obvious reasons in recent years, tourism is set to grow at a rate of 3% per annum in the years to come as long as the relevant governments play their cards right. The World Travel and Tourism Council is confident that tourism on a global scale is on the rise. Whereas many countries are still struggling to come to terms with difficult economic times and many areas of the economy are fighting with each other, tourism is making great progress. As travel industry provides so many jobs, governments should be more than willing to support such a growth. Much of it is happening thanks to the emergence of nations such as China and India, where the newfound freedom of citizens to travel is finally bearing fruits. Tourism is contributing to a higher GDP in most countries on a global scale. The emergence of BRIC countries and the tendency for the citizens of established developed nations to travel to new destinations are the main reasons.

If improvements and growth continue at the current rate, then one in ten people should be employed in some field of tourism by 2021. There are, however, certain requirements for this to be achieved. Firstly, odd events such as Icelandic volcanic ash clouds and tsunamis should be as rare as they were before the events of recent times. Avoiding an economic meltdown on a global scale would also be a good idea. On more simple terms, governments need to act upon reducing the burden of visas and other bureaucratically annoying obstacles when encouraging tourists to visit their country. For example, it is generally agreed that more travelers would arrive in Russia if it were not for a very time-consuming and expensive process of applying for the visa. India and China need to make sure that their policies towards inbound and outbound tourism remain lenient, within possibility.

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