One fine body…
March 06, 2019
Global Travel Industry Seen 'Resilient' Despite Slowing Growth
The global travel industry is likely to expand by 4 percent in 2019The travel and tourism sector grew 3.9 percent to $8.8 trillion in 2018, accounting for 10.5 percent of global gross domestic product, and outpacing global GDP growth of 3.2 percent, according to the World Travel & Tourism Council.
despite slowing economic growth in key areas such China and Europe.
Based on data from 185 countries, the group forecasts steady growth of 4 percent this year, given continued demand from China, the second largest travel and tourism market behind the United States, and other countries in Asia.
Source: World Travel & Tourism Council
Copyright 2019 Hotelmarketing'com. All rights reserved. From https://www.hotelmarketing.com.
To view all articles, check out the Internet Travel Monitor Archive