Financial Daily from THE HINDU group of publications
Saturday, Jan 28, 2006
Financial Daily from THE HINDU group of publications Saturday, Jan 28, 2006 |
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Industry & Economy
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Tourism `Global tourist arrivals likely to grow 4-5 pc' Sankar Radhakrishnan
Thiruvananthapuram , Jan. 27 THIS year, international tourist arrivals are expected to grow by between 4 per cent and 5 per cent, says the United Nation World Tourism Organisation (UNWTO). In its quarterly `World Tourism Barometer' report, released recently, the UNWTO says that Asia-Pacific and West Asia are forecast to exhibit strong growth of around 9 per cent and 8 per cent respectively, while more moderate growth in international tourist arrivals is expected in Europe, the Americas and Africa. However, the report also points out that terrorism, the economic impact of rising fuel prices and interest rates and the spread of avian flu could have an adverse effect on the world's tourism industry in 2006. The report also reveals that international tourist arrivals in 2005 grew by 5.5 per cent, continuing the upward trend witnessed in 2004. Last year, there were an estimated 808 million international tourist arrivals, up from 766 million in 2004. In 2005, the highest growth rate in international tourist arrivals was in Africa — estimated to be 10 per cent. During the same period, Asia-Pacific registered an estimated growth rate of 7 per cent, the Americas 6 per cent, West Asia 7 per cent and Europe 4 per cent, the report adds. While leisure tourism is believed to have outperformed business tourism, the global MICE (meetings, incentives, conferences and exhibitions) market has picked up last year, the report says. However, this market has seen changes with incentive meetings increasingly being combined with business meetings to justify costs, save on tax and maximise employee motivation, the report adds.
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