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Muslim Friendly Tourism:

Developing and Marketing MFT Products and Services

In the OIC Member Countries

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Global Tourism Trends in Products and Services and Marketing

1.1

Global Market Size

International tourism receipts have reached $1.28 trillion in 2015, an increase from $1.25 trillion

in 2014, based on 3.6 percent compound annual growth accounting for exchange rate

fluctuations and inflation, estimated from UNWTO growth statistics between 2014 and 2015.

Global outbound expenditure is expected to reach $1.85 trillion in 2020, according to estimates

using government statistics, with 6.75 percent compound annual growth, which is faster growth

than global GDP at 3.4 percent annualized. The total number of international tourist arrivals has

reached 1.18 billion in 2015, which is projected to reach 1.8 billion in 2030 with 2.9 percent

compound annual growth, according to UNWTO. The steady growth in global tourism is driven

by per capita income growth, declining global unemployment, and increasing consumer

sentiment.

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European and North American consumers accounted for an estimated 55.4 percent of global

tourism expenditure; however, travelers from Asia, which includes MENA based tourists, are

estimated to account for a larger share of global expenditure in 2020.

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Developing Asian

economies have also contributed to growth within the Asia and Pacific region. China has the

highest international tourism expenditure, with $102 billion, followed by countries in Western

Europe, North America, Japan and Australia. Emerging economies accounted for 46 percent of

international tourism arrivals.

The total share of international

tourist arrivals

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by region in

2015 includes:

Americas: 191 million,

16%

Africa: 53 million, 5%

Middle East: 53 million,

4%

Asia and the Pacific:

279 million, 24%

Europe: 608 million,

51%

Figure 1: International Tourist Arrivals in 2015

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“Global Tourism Report.” IBISWorld, 2015.

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UNWTO Annual Report, 2014.

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UNWTO World Tourism Barometer, May 2016