6. BACKGROUND OF
GLOBAL TOURISM GROWTH IN 2019
• Strong Economy
• 2018 World GDP: 2.6% Growth
• Exchange rate movements: moderate
• Low interest rates
• Strong Demand for Air Travel
• International Passenger Traffic: 3.6% Growth
• Stable Fuel Prices and Lower Air Fares
• Over the past two decades, the number of unique
city pairs connected by air transport has more
than doubled, reaching more than 20,000 at ever
lower costs.
• Internet Technologies shape traveler’s
experience
• Online sharing platforms contribute to
increase tourists
• Enhanced Visa Facilitation
• eVisas and visas on arrival on the rise
• The share of world population requiring a
traditional visa declined: 75% in 1980 to
53% in 2018
7. CONSUMER TRAVEL TRENDS IN 2019
• Travel to change: ‘live like a local’, ’quest for authenticity and transformation’
• Travel to show: ‘instagramable’ moments, experiences, and destinations - social media envy
• Pursuit of a healthy life: Walking, wellness and sports tourism
• Rise of the sharing/access/gig economy: short-term rentals (e.g. Airbnb, VRBO)
• Solo travel & multigenerational travel: aging population, single households
• Rising awareness on sustainability: zero plastic, flight shame movement
Editor's Notes
First largest export – chemicals, second largest export – fuels. It exceeds automobile industry.