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

In 2017, the total tourist arrivals of BRICS, including Brazil, Russia, India, China and South Africa, reached 6.36 billion arrivals, accounting for 75.0% of the total tourist arrivals of emerging economies (See Figure 5); In 2017, the total tourist revenue of BRICS is USD 1.05 trillion. The percentage of the total tourist revenue of BRICS in the total tourist arrivals of emerging economies is 51.1% (See Figure 6).

Figure 5 Percentage of the total tourist arrivals of BRICS in the total tourist arrivals of emerging economies

Figure 6 Percentage of the total tourist revenue of BRICS in the total tourist revenue of emerging economies

V. Tourism has become the largest component of the international trade in services

It has been found by combining the data of the International Trade Organization with the data of the research group, the 2016 international tourist trade in services was the largest component of the 2016 international trade in services and the tourist trade in services accounted for 25.1% of the whole international trade in services. The percentage of the 2016 international tourist trade in services was 2.3 percentage points higher than that of the 2016 international building trade in services and 7.3 percentage points higher than that of the 2016 international transport trade in services (See Figure 7).

Figure 7 Percentages of all the components of the 2016 trade in services (export)

VI.Global tourism investment grows quickly

The 2017 global tourism investment amount is USD 839.68 billion, an increase of 4.1% compared with that of the previous year. In recent ten years, the global tourism investment has grown rapidly while it has obviously affected by the macro-economy. The tourism investment remarkably decreased after the global financial crisis broke out in 2008. The tourism investment grew negatively in both 2009 and 2010. In the five-year period from 2013 to 2017, the average growth rate of the global tourism investment 4.2% (See Figure