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Home>Research > WTCF Reports > >Content

Report on World Tourism Economy Trends (2018)

In 2017, the economic situations of the global major countries are gradually improving. The consumer confidence indexes of all the countries continue to increase.

Release time : 2018-03-19 17:46:00
source : WTCF

I. Comprehensive and fast growth of the global tourism economy

In 2017, the economic situations of the global major countries are gradually improving. The consumer confidence indexes of all the countries continue to increase. The tourism demands of all the major economies steadily grow, the transnational tourist facilities are constantly improving and the travel costs continue to decrease. In this background, the total global tourist arrivals and the total global tourist revenue maintain their strong growth momentums.

The total global tourist arrivals (including the domestic tourist arrivals and the international tourist arrivals, and the same below) reached 11.88 billion arrivals in 2017 and it is 1.6 times as many as the world population (See Table 1). In the global range, the groups participating in tourism are constantly growing and the tourism consumption has become an important lifestyle of the people of the world.

Table 1 Global tourism economy: total tourist arrivals (2015-2018)

The total global tourist revenue (including the total domestic tourist revenue and the total international tourist revenue, and the same below) reached USD 5.3 trillion in 2017 and it is as much as 6.7% of the global GDP (See Table 2). The role of tourism promoting the growth of the global economy has become more obvious.

Table 2 Global tourism economy: total tourist revenue (2015-2018)

The 2017 actual growth rates of global GDP predicted by the International Monetary Fund and the World Bank are respectively 3.5% and 2.7%, and the growth rate of the total global tourist revenue is respectively 0.8 percentage points and 1.6 percentage points higher than them (See Table 3).

Table 3 Global tourism economy: comparison with GDP growth rates (2015-2018)

Considering the global economy growth may be higher or lower than the expected growth, we have predicted the global tourism growth

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