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 (hereinafter referred to as “the Report”).

Release time : 2019-01-16 13:33:38

source : WTCF

of cultural exchange, social communication and trade circulation, as well as acts as an important force to connect the world, deepen cooperation, and drive development. With global economic growth slowing down and trade friction increasing, it is of great significance to study the development of world tourism economy, provide insight into the changes, follow the trends, make positive efforts, and innovate constantly.

Francisco Escobar, Ambassador of Panama, spoke on behalf of international agencies

Francisco Escobar, Ambassador of Panama, on behalf of international agencies, congratulated and spoke highly of the release of the Report.

Song Rui, Director of TRC-CASS, and WTCF Special Expert, released the main research results in the Report

According to the content of the Report on World Tourism Economy Trends 2019, a forum discussion with the theme of "Connecting the World of Tourism" was held. Under the dual background of the current change in tourism consumption demand and the intensification of competition in market of tourism destinations, guests such as Wang Dingguo, Vice Chairman of Chongqing Cultural and Tourism Development Commission; Thandukwazi Nyawose, Economic Counselor of South African Embassy in China; Ge Yujing, Vice President of Tuniu; Gao Yanhong, Head of WeChat Pay Tourism Industry; Cao Zhigang, CEO of Dragon Trail Interactive, and others focused on the "Connectivity" feature, had an insight of tourism development trends, and shared their opinions on how to make tourism destinations more attractive so as to have in-depth dialogue and interpretation of the Report.

"Connecting the World of Tourism" forum discussion

The total number of global tourism in 2018 reached 12.1 billion people, an increase of 580 million people over the previous year, with a growth rate of 5.0%. Compared with 2017, the growth rate dropped by 0.7 percentage points, and the total income of global tourism reached 5.34 trillion US dollars, accounting for 6.1% of global GDP, a decrease of 0.4% over the previous year. It is estimated that the total number of global tourism will reach 12.76 billion in 2019, with a growth rate of 5.5%. Compared with 2018, the growth rate will rise by 0.5 percent. The total global tourism revenue will reach 5.54 trillion US dollars, accounting for 6.0% of global GDP.