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

Region dropped from 32.0% to 31.0%, a decrease of 1 percentage point. The percentages of the Middle East Region and the African Region remained the same. In general, the sum of the total tourist revenue percentages of the European Region, the American Region and the Asian-Pacific Region is 95.0% of the total global tourist revenue (See Figure 2).

Figure 2 Total tourist revenue percentages of the great regions in the total global tourist revenue (2017)

The top 10 countries in the global tourism ranking are the countries in Europe, Asia-Pacific and America (See Table 5).

Table 5 Top 10 countries in the 2017 global tourist arrivals ranking and the 2017 total tourist revenue ranking

III. Tourism grows faster in emerging economies

From 2016 to 2017, the percentage of the total tourist arrivals hosted by emerging economies in the total global tourist arrivals increased from 49.0% to 71.4%, an increase of 22.4 percentage points (See Figures); and the percentage of the total tourist revenue of emerging economies in the total global tourist revenue increased from 25.2% to 38.9%, an increase of 13.7 percentage points (See Figure 4).

Figure 3 Percentages of the total tourist arrivals of emerging economies and developed economies in the total global tourist arrivals (2006-2017)

Figure 4 Percentages of the total tourist revenues of emerging economies and developed economies in the total global tourist revenue (2006-2017)

In the future, the tourism development of developed countries will further slow. It has been predicted that the growth rate of the total tourist arrivals of emerging economies and the growth rate of the total tourist revenue of emerging economies will respectively be 8.7% and 9.3% in 2018 and those of developed countries will respectively be 1.8% and 3.7% in 2018 (See Table 6).

Table 6 Growth rates of the total tourist revenues of emerging economies and developed countries in 2018 (prediction)

IV. The tourism development of BRICS stands out