rci-ventures
  • News
    • News
    • Tourism
    • Technology
    • Sales & Marketing
    • Resorts & Development
  • Magazine
    • Magazine
    • Issues
    • Latest Stories
  • About
  • US & Canada

  • Change Your Edition
    • GLOBAL global
    • AFRICA, INDIA, & MIDDLE EAST africa-india-middle-east
    • ASIA PACIFIC us-canada
    • EUROPE europe
    • LATIN AMERICA us-canada
    • US & CANADA us-canada
Tourism

Tourism valued at $1.4 trillion in 2015

International tourism receipts in destinations around the world grew by 3.6 per cent in 2015, in line with the 4.4 per cent increase in international arrivals, according to the latest figures from the United Nations World Tourism Organization (UNWTO).

For the fourth consecutive year, international tourism grew faster than world merchandise trade, raising tourism’s share in the world’s exports to seven per cent in 2015. The total export value from international tourism amounted to US$1.4 trillion.

Income generated by international visitors on accommodation, food and drink, entertainment, shopping and other services and goods reached an estimated US$1,232 billion in 2015, an increase of 3.6 per cent accounting for exchange rate fluctuations and inflation.

International tourist arrivals (overnight visitors) increased by 4.4 per cent in 2015, reaching a total of 1,184 million.

Alongside international tourism receipts (the travel item of the balance of payments), international tourism generated US$210 billion in exports through international non-resident passenger transport services, bringing the total value of tourism exports up to US$1.4 trillion, or US$4 billion a day on average.

Sector’s importance

“Tourism is today a major category of international trade in services,” said UNWTO secretary-general Taleb Rifai addressing the 60th Regional Commission for the Americas meeting in Havana, Cuba.

“Despite a weak and slow economic recovery, spending on international tourism grew significantly in 2015, proving the sector’s relevance in stimulating economic growth, boosting exports and creating jobs for an increasing number of economies worldwide,” he added.

International tourism represents seven per cent of total world exports and 30 per cent of services exports.

The share of tourism in overall exports of goods and services increased from six to seven per cent in 2015 as for the fourth consecutive year international tourism outgrew world merchandise trade, which grew 2.8 per cent in 2015 according to recent data reported by the World Trade Organisation.

As a worldwide export category, tourism ranks third after fuels and chemicals and ahead of food and automotive products. In many developing countries, tourism ranks as the first export sector.


Also posted in:

Tourism

WRITTEN BY

Steve Adams


May 18, 2016


Share this Article

Prev Article
Next Article

Related Articles


Rio de Janeiro and Pao de Acucar
tourism

From E-Visa to No Visa

June 4, 2019

Beginning in June, U.S., Canadian, Australian, and Japanese tr...

Giza Pyramids And Sphinx in Cairo, Egypt
tourism

Rebirth on the Nile

May 29, 2019

As years of uncertainty give way to greater stability, Egypt�...

tourism

Cruise Lines Set Their Sights on Luxury

April 3, 2019

More baby boomers and Gen X’ers are looking for more-inclusi...

About RCI

Today, RCI remains the leader in vacation exchange, offering the world’s largest vacation exchange network and providing unrivaled products and services to enhance the vacation ownership experience. It’s one of the many reasons why more resorts trust RCI to deliver vacation exchange services to its subscribing members than any other company across the globe.
Learn More
CONNECT WITH US

About RCI Ventures® Magazine

In print and online, RCI Ventures® magazine keeps readers updated on the news, trends, success stories, and best practices within the timeshare industry. Across the globe, versions of RCI Ventures magazine are published in Europe, North America, and Latin America, providing resort developer companies, resort management companies, and resort homeowners associations with the information they need to know.
Learn More
rci-ventures
  • RCIAffiliates.com
  • RCI.com
Contact Us

CONNECT WITH US

© RCI, LLC. All Rights Reserved.

  • Terms of Use
  • Sitemap
  • Privacy Policy
  • Cookie Notice