16 May 2013

Posted by Discount Insurance on Thursday, May 16, 2013 No comments
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Receipts from spending on international tourism rose by four per cent in 2012, new figures show

Spending on tourism around the world rose again last year, new data shows.

Total receipts from international tourism hit $1075 billion (£705.9 billion) last year, according to the World Tourism Organisation (UNWTO) - an increase of four per cent.

A further $219 billion came from different modes of international transport, bringing the grand total to just under $1.3 trillion.

The Americas and Asia-Pacific were the biggest winners reporting increases of seven and six per cent respectively, but African receipts also rose by five per cent and two per cent more was spent in Europe.

Perhaps unsurprisingly given recent unrest, the Middle East reported a decline of two per cent - but compared to earlier studies, the decline has become less marked.

More than two-fifths of the total global receipts were spent in Europe, constituting the largest share overall, while the vast continent of Africa only pulled in three per cent of receipts.

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