People
0

Int’l Tourism Grows Despite Safety Concerns

Int’l Tourism Grows Despite Safety Concerns
Int’l Tourism Grows Despite Safety Concerns

International tourism figures grew by 4% in the first half of 2015, an increase of 21 million compared to the same period of last year, the United Nations said on Thursday.

International arrivals rose by 5% in Europe, Asia-Pacific and the Middle East, and by 4% in the Americas, according to figures released by the UN World Tourism Organization.

The most popular regions proved to be the Caribbean and Oceania, which saw a rise of 7%, while Central and Eastern Europe and Central America saw a rise of 6%, UN.org reported.

Although only limited data are available for Africa, it is thought that there has been an estimated 6% decrease in the region, with a decline of 10% in arrivals to North Africa and 4% to Sub-Saharan Africa.

African destinations have been affected by terrorist attacks and the aftermath of Ebola outbreak.

As well as safety and security concerns in some regions, the recovery of advanced economies and the slowdown of emerging ones have also affected tourism figures.

Lower oil prices and currency fluctuations, such as the weaker currency in the eurozone, have also played a part, says the Madrid-based UNWTO.

“These results show that, despite increased volatility, tourism continues to consolidate the positive performance it has had over the last five years and to provide development and economic opportunities worldwide,” said UNWTO Secretary-General Taleb Rifai.

“As UNWTO prepares to meet in Medellin, Colombia, for its 21st General Assembly, this is the appropriate moment to call for a stronger support to tourism as the sector has the potential to deliver on some of the most pressing challenges of our time, namely job creation, economic growth and social inclusion.”

In terms of outbound tourism, data for 2015 so far show a mixed picture in spending overseas.

Among the emerging markets, China and India both started the year with double-digit growth in the first quarter. Expenditure from Russia and Brazil reflected slow economic growth in both markets, as well as the depreciation of their currencies against both the United States dollar and the Euro.

Demand from the US, France, Sweden and Spain remained strong, but was weaker in Germany, the United Kingdom, Italy and Canada.

 

Financialtribune.com