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COMCEC Tourism Outlook-2019

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transport, entertainment, shopping and other services and goods. For the receiving country

receipts count as exports and for many destinations tourism is a vital source of foreign currency

earnings and an important contributor to the economy, creating much needed employment and

opportunities for development. From the period 1980 to 2018, international tourism receipts

increased from US$ 104 billion in 1980 to US$ 1,451 billion in 2018 (UNWTO, 2019a). Average

spending per arrival was also a little bit above 1000 US$.

Figure 3.5 shows the international tourism receipts as well as tourist arrivals for the period

2005-2018. International tourism receipts grew by 4.4 % in real terms (i.e. using local

currencies at constant prices in order to adjust for inflation and exchange rate fluctuations) in

2018 by reaching to US$ 1,451 billion. In absolute terms, international tourism receipts in

destinations around the world increased by US$ 106 billion compared to 2017.

In addition to receipts earned in the destinations (the travel item of the balance of payments),

international tourism also generated US$ 256 billion in exports through international passenger

transport services rendered to non-residents in 2018. As such, total receipts from international

tourism, including international passenger transport, exceeded US$ 1.7 trillion in 2018 resulting

a contribution of US$ 5 billion a day to global export earnings.

Figure 3.4 International Arrivals & Tourism Receipts (2005-2018)

Source: UNWTO, 2019a

Based on 2018 data, advanced economy destinations (+4%) recorded somewhat slower growth

also in receipts than emerging economy destinations (+7%). By region, the largest increase in

receipts for the Asia & Pasific was recorded as +6% (in real terms) in 2018. It is followed by

Europe by +5%, Middle East by 4%, Africa by 2%. Americas did not record a remarkable growth

(0,3%) in 2018.

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Grafik Başlığı

Number of tourists (millions of people)

Tourism receipts (billion dollars)