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Global Tourism

34 Pages IBISWorld September 26, 2014 SKU: IBSS5345534

Global Tourism

The Global Tourism industry is undergoing rapid recovery following a difficult period during the recession. International tourist arrivals continue to grow as global per capita income increases and consumer sentiment improves. Over the past five years, tourists going emerging economies, particularly counties in Asia and South America, have driven the industry's growth. Emerging economies now account for a much larger share of the tourism industry compared with a decade ago. Over the five years to 2019, the industry is expected to continue growing as the global economy continues to strengthen. Despite some distressed areas due to conflicts or regional economic problems, a number of factors, such as growing per capita disposable income and improving consumer sentiment, will contribute to strong tourism growth, causing industry revenue to increase over the period.

This report catalogues the short-term movement of international tourists across national borders for any purpose, including leisure, business, conference or seminar and visiting friends and relatives. In most cases the data represents travel across borders, with at least one night's stay in a foreign country. However, in some countries same-day trips across international borders are still counted as international trips.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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Global Tourism

IBISWorld
September 26, 2014

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