Rise in per capita income is propelling the growth of global tourism market causing constant growth in overseas tourism. In the past five years, in emerging economies, tourism market, particularly in South American and Asian countries has driven the global tourism market. In comparison to a decade, the market of global tourism has undergone many alterations. At present, emerging economies hold market share just like developed economies.
According to International Travel Association (ITA), the international tourist arrival number in the U.S.is anticipated to grow from 69.8 million in 2013 to 83.8 million by 2018.
Government bodies and organizations like the World Tourism Organization UNWTO are endorsing tourism in a way to lure diverse tourists worldwide. These efforts are causing growth in global tourism market. In tourism market, adventure tourism is a fresh new concept driving the overall tourism market. Additionally, medical tourism is side by side a new trend in global tourism market. Major price difference in terms of medical procedures between different countries is influencing this trend of medical tourism worldwide.
For global tourism market, global sports and game events is yet another driving force. People travel to different countries to enjoy sports events such as FIFA World Cup 2014, London Olympics 2012 and ICC World Cup 2011. Nevertheless, disease outbreaks like Ebola in few countries impact global tourism up to large extent. Ebola outbreak in West Africa impacted the tourism market in African region.
Tags: tourism market
