Emerging markets are taking over outbound travel. Economic growth is increasing living standards around the world and outbound travel is growing along with it. International travel expenditure is now shifting from a handful of countries that have historically made up most of the outbound travel to emerging markets.
Countries such as China, India, Indonesia, and Brazil, which have a very low number of international departures compared to their total population, are likely to be large sources of future growth.
Minimal growth in any of the markets can have a big impact on the tourism industry due to the mere sizes of the markets. By looking at how these markets have grown historically we can determine which countries still have room for growth and at what point they might reach saturation.
This report will cover:
- Overview of global international tourism expenditure
- Tourism's shift from developed to emerging markets
- Key markets with potential for growth
- Travel-related developments in the markets
- Saturation level of the markets
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