Tourism hits US$1tn in 2011
Dhaka, June 1 (UNB) - International tourism revenues exceeded US$1 trillion in 2011 overcoming the crisis years, the United Nations World Tourism Organization (UNWTO) said.
The total global revenues were estimated at US$1,030 billion in 2011, up nearly 11 percent from the industry’s total of US$928 billion the year before.
In terms of market share among major global regions, UNWTO notes that Europe is the world leader with a 45 percent share of global tourism, followed by Asia with 28 percent, and the Americas at 19 percent.
Writing recently in UNWTO World Tourism Barometer, the UN agency finds that the world tourism continues ‘to recover from the losses of crisis year 2009 and hit new records in most destinations.’
Recruiters who look to underlying tourism patterns for indicators of demand for international education will definitely be encouraged by the latest figures, according to a message received here on Friday.
When adjusted for inflation and exchange rate fluctuations, real revenue growth year-over-year was 3.8 percent. International arrivals increased by just over 4 percent during the same period and totalled nearly 930 million in 2011.
The Americas recorded the largest revenue increase with a 5.7 percent gain, followed by Europe at 5.2 percent, Asia at 4.3 percent, and Africa with 2.2 percent growth over 2010.
The Middle East was the only region posting negative growth, down 14 percent in 2011.
The UNWTO particularly cited the BRIC nations - key drivers of demand in global education markets - for their substantial growth in international tourism expenditures.
China's expenditure on international tourism increased by US$18 billion to US$73 billion, the Russian Federation increased by US$6 billion to US$32 billion, Brazil by US$5 billion to US$21 billion, and India by US$3 billion to US$14 billion.
Together, their increases accounted for an additional US$32 billion, a value equivalent to the eighth largest source market by expenditure.
Of the advanced economy source markets, Germany, Australia, Norway, Belgium and Canada reported the biggest absolute growth.
Destinations where international tourism receipts grew by US$ 5 billion or more in absolute terms include the United States, Spain, France, Thailand, and Hong Kong.
The total global revenues were estimated at US$1,030 billion in 2011, up nearly 11 percent from the industry’s total of US$928 billion the year before.
In terms of market share among major global regions, UNWTO notes that Europe is the world leader with a 45 percent share of global tourism, followed by Asia with 28 percent, and the Americas at 19 percent.
Writing recently in UNWTO World Tourism Barometer, the UN agency finds that the world tourism continues ‘to recover from the losses of crisis year 2009 and hit new records in most destinations.’
Recruiters who look to underlying tourism patterns for indicators of demand for international education will definitely be encouraged by the latest figures, according to a message received here on Friday.
When adjusted for inflation and exchange rate fluctuations, real revenue growth year-over-year was 3.8 percent. International arrivals increased by just over 4 percent during the same period and totalled nearly 930 million in 2011.
The Americas recorded the largest revenue increase with a 5.7 percent gain, followed by Europe at 5.2 percent, Asia at 4.3 percent, and Africa with 2.2 percent growth over 2010.
The Middle East was the only region posting negative growth, down 14 percent in 2011.
The UNWTO particularly cited the BRIC nations - key drivers of demand in global education markets - for their substantial growth in international tourism expenditures.
China's expenditure on international tourism increased by US$18 billion to US$73 billion, the Russian Federation increased by US$6 billion to US$32 billion, Brazil by US$5 billion to US$21 billion, and India by US$3 billion to US$14 billion.
Together, their increases accounted for an additional US$32 billion, a value equivalent to the eighth largest source market by expenditure.
Of the advanced economy source markets, Germany, Australia, Norway, Belgium and Canada reported the biggest absolute growth.
Destinations where international tourism receipts grew by US$ 5 billion or more in absolute terms include the United States, Spain, France, Thailand, and Hong Kong.
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