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

The site of the release conference

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.

The site of the release conference

WTCF is the world's first international tourism organization focusing on cities. It always upholds the core concept of “Better City Life through Tourism”, actively builds a multilateral exchange platform for world tourism, and strives to promote cooperation and exchanges among global tourism cities, comprehensively enhance the competitiveness and influence of tourism cities, so as to provide new vitality to the sustainable development of global tourism.