About This Statistic
This statistic shows the global international tourism revenue from 2000 to 2015. In 2015, international tourism revenue amounted to 1.26 trillion U.S. dollars.
According to the World Bank international tourism receipts are expenditures by international inbound visitors, including payments to national carriers for international transport. Included in these receipts are also any other prepayment made for goods or services received in the destination country.
International tourism - additional information
Travel has become more accessible to people around the world over the past few decades and, as a result, the global tourism industry has boomed, particularly in more recent years. From an already sizeable 475 billion U.S. dollar revenue in 2000, the industry proceeded to generate more than one trillion dollars in 2014. Tourism’s total contribution to the global economy in 2015 was around 7.17 trillion U.S. dollars, so it is not surprising that global leaders have placed much emphasis on the promotion of tourism in their own countries. The effects on tourism are also often among the first things to be considered when countries are suffering crises, such as war and disease.
International tourist arrivals exceeded one billion for the first time in 2014 and, by 2030, the United Nations World Tourism Organization (UNWTO) has forecasted that this figure will rise to 1.81 billion. Each year, Europe is the region receiving by far the largest number of international tourist arrivals worldwide, followed by the Asia Pacific region.
With tourists comes spending. In 2015, London benefited the most from visitor spending with tourists splashing out above 20 billion U.S. dollars there. New York and Paris attracted a lot of spenders too. Tourist spending also profits other large industries closely linked to tourism. When traveling, people always need somewhere to stay; hence, the global hotel industry is expected to generate 550 billion U.S. dollars revenue by 2016.