The Global Tourism industry will be worth an estimated $1.5 trillion at the end of 2015, with revenue rising at an annualized 6.6% over the past five years. Global tourism has recovered strongly over the five-year period, with emerging economies continuing to stimulate growth. Moreover, countries in Asia and South America have experienced robust growth in per capita income, which has allowed consumers in these regions to take overseas trips in increasing numbers. The benefits of this trend are expected to continue through 2015, with industry revenue forecast to grow 6.7% over the year.
This report catalogues the short-term movement of international tourists across national borders for any purpose, including leisure, business, conference or seminar and visiting friends and relatives. In most cases the data represents travel across borders, with at least one night's stay in a foreign country. However, in some countries same-day trips across international borders are still counted as international trips.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.