Receipts from international tourism in destinations around the globe grew by 4% in 2012 reaching US$ 1075 billion. This growth is the same as the 4% increase in international tourist arrivals which reached 1035 million in 2012. An extra US$ 219 billion was recorded in receipts from international passenger transport, bringing total exports generated by international tourism in 2012 to US$ 1.3 trillion.
According to the most recent UNWTO World Tourism Barometer, international tourism receipts hit a brand new record in 2012, reaching an estimated US$ 1075 billion (euro 837 billion) worldwide, up 4% in real terms, from US$ 1042 billion (euro 749 billion) in 2011.
“It is encouraging to look that the expansion in international tourist arrivals was equalled by a comparable increase in spending regardless of continued economic challenges” said UNWTO Secretary-General, Taleb Rifai. “Considering that tourism is a key export for lots of economies around the globe, this result’s excellent news because it provides foreign reserves to destinations, and contributes to job creation in tourism in addition to in related economic sectors” he added.
By regions, the Americas (+7%) recorded the most important increase in receipts, followed by Asia and the Pacific (+6%), Africa (+5%) and Europe (2%). Receipts inside the Middle East were still down (-2%); yet report a gentle improvement when compared with the decline recorded in 2011.
In absolute values, Europe saw US$ 457 billion in tourism earnings (euro 356 bn) comparable to 43% of the world’s total tourism receipts, the biggest share by region. Destinations in Asia and the Pacific (US$ 323 billion or euro 251 bn) account for 30% of international tourism receipts and the Americas (US$ 215 billion or euro 167 bn) for 20%. Within the Middle East (4% share) total tourism receipts reached US$ 47 billion (euro 36 bn) and in Africa (3% share) US$ 34 billion (euro 26 bn).
Except for international tourism receipts (the travel item within the Balance of Payments), tourism also generates export earnings through international passenger transport. The latter amounted to an estimated US$ 219 billion in 2012, bringing total receipts generated by international tourism to US$ 1.3 trillion, or US$ 3.5 billion an afternoon on average.
International tourism (travel and passenger transport) accounts for 30% of the world’s exports of services and six% of overall exports of products and services. As a world export category, tourism ranks fifth after fuels, chemicals, food and automotive products, while ranking first in lots of developing countries.
Healthy growth in both advanced and emerging economy destinations
The top 10 ranking of destinations by receipts remained virtually unchanged in 2012, with america, Spain, France, China and Italy leading, followed by Macau (China), Germany, Uk, Hong Kong (China) and Australia.
A choice of the more mature destinations a number of the world’s top 10 earners showed remarkable results: the us (+11%), France (+7%), Germany (+6%), the uk (+5%) and Hong Kong (China) (+14%). Other advanced economy destinations with growth rates of 10% or above include Sweden (+17%), Japan (+33%), the Republic of Korea (+14%) and Finland (+16%).
Among the emerging economy destinations highest receipts growth was reported by Thailand (+25%), India (+22%), Poland (+13%), South Africa (+18%), Egypt (+14%), Vietnam (+18%) and Ukraine (+13%).