Emerging economies to attract 1bn tourists by 2030: Assocham

Emerging economies will receive more international tourist arrivals than advanced economies from 2015 and will surpass the one billion mark by 2030, industry and business body Assocham said on Saturday.

An Assocham-Yes Bank joint study, released here by Gujarat Tourism Minister Saurabh Patel, said international arrivals in emerging economy destinations are expected to keep growing annually at double the pace (4.4%) of advanced economies (2.2%). In absolute terms, emerging economies will add, on average, 30 million arrivals a year, compared to 14 million by advanced economies.

It said that, over the past six decades, tourism and hospitality industry has experienced continued expansion in terms of diversification and has become one of the largest and fastest-growing economic sectors in the world. International tourist arrivals have shown virtually uninterrupted growth – from 25 million in 1950 to 1,035 million in 2012.

Full report here Business Line


Please enter your comment!
Please enter your name here