The UK does very respectably in terms of international tourist revenue. Third in the world!
And the US takes first. https://t.co/LpSqodT3kg
The UK does very respectably in terms of international tourist revenue. Third in the world! And the US takes first. https://t.co/LpSqodT3kg
Europe remains the main tourist destination, accounting for half of the total arrivals—with France, Spain, and Italy being the continent’s most visited countries. For generations the US led overall tourist expenditures, but it was surpassed by China in 2012 and five years later Chinese tourists were spending twice as much as Americans.
Vaclav Smil • How the World Really Works: The Science Behind How We Got Here and Where We're Going
The travel industry is unsurprisingly large. The market worth $5.29 Trillion (2017) and grew at a CAGR of 41.9% over the last 10 years. It includes a wide range of players briefly displayed here above.
Clement Parramon • Sorry, that’s excluded
Spending on foreign travel had amounted to $2.2bn in 2003. By 2008 Brazilians were spending $10.9bn on trips abroad, and by 2013, $25bn.
Richard Lapper • Beef, Bible and bullets: Brazil in the age of Bolsonaro
“If the tourism industry were a country, it would be the fifth biggest carbon emitter in the world,
Elizabeth Becker • Overbooked
Wellness-driven travel and tourism has significantly outpaced the growth of the broader tourism market (growing to nearly $600b in total value), and with younger generations spending more on experiences than physical items, this growth will only continue.
Brett Bivens • Backing Bien-Être
Tourism
Can cultural values sustain if not upheld consistently?
In 2019, over 10 million tourists entered Hawaii – which is more than 7 times the state’s entire population. While this generated nearly $18 billion, the majority of that money goes to large corporations that aren’t owned or run by local residents or native communities. This drives up th... See more
Can cultural values sustain if not upheld consistently?
In 2019, over 10 million tourists entered Hawaii – which is more than 7 times the state’s entire population. While this generated nearly $18 billion, the majority of that money goes to large corporations that aren’t owned or run by local residents or native communities. This drives up th... See more
Nick Susi • Culture Is the Client
Travel agencies are still a mega-spend category, approaching $100bn in the US in 2019.
Evan Frank • A Better Equation in Travel
Other than the US, the largest global exporters in order of size are China (currency: yuan), the EU (currency: euro), the United Kingdom (currency: pound), and Japan (currency: yen). The dollar must decline against all these currencies to encourage a company on the margin to relocate production inside America.