China India Dialogue: WTCF and TRC-CASS Jointly Released the Report on World Tourism Economy Trends 2019

On January 16, 2019, the World Tourism Cities Federation (WTCF) and the Tourism Research Center, Chinese Academy of Social Sciences (TRC-CASS) jointly released the Report on World Tourism Economy Trends 2019.

Release time : 2019-01-16 16:27:06

source : China India Dialogue

On January 16, 2019, the World Tourism Cities Federation (WTCF) and the Tourism Research Center, Chinese Academy of Social Sciences (TRC-CASS) jointly released the Report on World Tourism Economy Trends 2019. More than 60 delegates from WTCF, the Chinese Academy of Social Sciences, such foreign institutions in China as Panama Embassy and South African Embassy, Chongqing City and Chinese domestic tourism-related agencies, as well as more than 100 domestic and foreign media jointly participated in the release and forum discussion of the Report.

The Report on World Tourism Economy Trends 2019 follows the previous analytical framework, focuses on the perspectives of global, regional, country, industry and city levels and makes a panoramic analysis of the development trend of world tourism economy from such seven aspects as global tourism economic development, regional development pattern change, global tourism investment and the role of cities in the global tourism economy. The Report on World Tourism Economy Trends 2019 summarizes the following characteristics: First, the global economic growth will slow down in 2019, but the tourism economy will rise steadily. Second, tourism development in five global regions is becoming more and more obvious, with the growth in Asia and the decline in Europe. Third, the scale and growth rate of tourism investment in Asia-Pacific are among the top in all continents. Fourth, the Report innovatively puts forward the concept of “T20” countries, which create 80% of the global tourism revenue. Fifth, the reform of payment means promotes the upgrading of tourism consumption. Cities are still the main destination for inbound tourists, and 95% of international cities are from Asia-Pacific, Europe and the Americas. Sixth, six major marketing innovations represented by virtual technology and whole industry chain cooperation create new tourism experiences. Seventh, cities are still the main destination for inbound tourists.

Li