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International Trade Forum Volume 2014, Issue 1
  • E-ISSN: 15645304

Abstract

Tourism is one of the largest and fastest-growing economic sectors worldwide and its expansion is expected to continue. International tourist arrivals will increase by 3.3% annually over the next 15 years and reach an estimated 1.8 billion in 2030, the World Tourism Organization (UNWTO) has said. Further, destinations in emerging economies are expected to rise at double the pace (4.4% per year) of those in advanced economies (2.2% per year).

Related Subject(s): International Trade and Finance

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