Tourism – an Economic and Social Phenomenon
Over the decades, tourism has experienced continued growth and deepening diversification to become one of the fastest growing economic sectors in the world. Modern tourism is closely linked to development and encompasses a growing number of new destinations. These dynamics have turned tourism into a key driver for socio-economic progress.
Today, the business volume of tourism equals or even surpasses that of oil exports, food products or automobiles. Tourism has become one of the major players in international commerce, and represents at the same time one of the main income sources for many developing countries. This growth goes hand in hand with an increasing diversification and competition among destinations.
This global spread of tourism in industrialised and developed states has produced economic and employment benefits in many related sectors - from construction to agriculture or telecommunications.
The contribution of tourism to economic well-being depends on the quality and the revenues of the tourism offer. UNWTO assists destinations in their sustainable positioning in ever more complex national and international markets. As the UN agency dedicated to tourism, UNWTO points out that particularly developing countries stand to benefit from sustainable tourism and acts to help make this a reality.
Key numbers:
The contribution of tourism to economic activity worldwide is estimated at some 5%. Tourism's contribution to employment tends to be slightly higher relatively and is estimated in the order of 6-7% of the overall number of jobs worldwide (direct and indirect).
From 1950 to 2010, international tourism arrivals expanded at an annual rate of 6.2%, growing from 25 million to 940 million.
The income generated by these arrivals grew at an even stronger rate reaching around US$ 919 billion (€ 693 billion) in 2010.
While in 1950 the top 15 destinations absorbed 88% of international arrivals, in 1970 the proportion was 75% and 55% in 2010, reflecting the emergence of new destinations, many of them in developing countries.
As growth has been particularly fast in the world's emerging regions, the share in international tourist arrivals received by emerging and developing countries has steadily risen, from 32% in 1990 to 47% in 2010.
Current developments & forecasts:
International tourist arrivals grew by nearly 7% in 2010 to 940 million;
In 2010, international tourism generated US$ 919 billion (€ 693 billion) in export earnings;
UNWTO forecasts a growth in international tourist arrivals of between 4% and 5% in 2011.
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