The global tourism spending increased by 3.7% in 2014. The travel spending on accommodation, food, drink, entertainment, shopping and other services by international visitors reached a record US$ 1.25 trillion last year.
According to the preliminary figures from the world tourism body, UNWTO, the global travel spending increased by US$ 48 billion. The inflation and fluctuation of foreign currencies were taken in account while calculating the percentage increase.
Reports suggest, an additional US$ 221 billion was generated from international passenger transport. This adds up to the total exports from global tourism taking it to US$ 1.5 trillion. International arrival increased by 4.4% in 2014, reaching 1.14 billion.
Apart from global tourism footfall, the tourism industry also generates a healthy amount from international passenger transport services. It amounted to US$21 billion in 2014, making the total exports from international tourism up to US$1.5 trillion.
