fe corazon asked:


 

In 2007, the United Nations World Tourism Organization (UNWTO) World Tourism Barometer showed growth in the international tourism arrivals. It is expected that this trend will continue until this 2008 despite deteriorating economic climate.

Recently, there was a global rapid increase of the oil price resulting to fare increases in the maritime, land transportation and aviation sector. Aside from that, economies worldwide have weakened due to subprime mortage crisis in the USA. These conditions have reduced consumer confidence and set pressure on spending and travel budgets of individuals and families.

The global crisis may present a gloomy picture of the future for the tourism sector but UNWTO said that the global will not halt the expected growth for the tourism industry. This is based on worldwide tourism statics in the past gathered by the organization.

For one, despite tensions and threats in the Middle East, the region totaled 46 million international tourist arrivals. The region is emerging as a strong destination with visitor numbers climbing much faster than the world total, with Saudi Arabia and Egypt among the leading destinations in growth in 2007.

Data showed that, mature markets such as Europe remain as the leading destinations in the world. In 2007, Europe received about 19 million of tourist arrival.

Tourism growth is driven by emerging markets and developing economies. Now that China has increase participation in global economy and post economic growth over the years, with its billion population, the tourism sector will surely weather the current world crisis though growth is expected at a slower rate.

 

 



GREG