International tourism receipts grew by 4% in 2012

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Receipts from international tourism in destinations around the world grew by 4% in 2012 reaching US$ 1,075 billion. An additional US$ 219 billion was recorded in receipts from international passenger transport, bringing total exports generated by international tourism in 2012 to US$ 1.3 trillion.

According to the latest UNWTO World Tourism Barometer, international tourism receipts hit a new record in 2012, reaching an estimated US$ 1075 billion (euro 837 billion) worldwide, up 4% in real terms, from US$ 1042 billion (euro 749 billion) in 2011.

UNWTO Secretary-General, Taleb Rifai said "It is encouraging to see that the growth in international tourist arrivals was equalled by a comparable increase in spending in spite of continued economic challenges", adding "Considering that tourism is a key export for many economies around the world, this result is good news as it provides foreign reserves to destinations, and contributes to job creation in tourism as well as in related economic sectors" he added.

By regions, the Americas (+7%) recorded the largest increase in receipts, followed by Asia and the Pacific (+6%), Africa (+5%) and Europe (2%). Receipts in the Middle East were still down (-2%); yet report a steady improvement compared to the decline recorded in 2011.

This is Donn Bobb reporting.

Duration: 1’24″

Filed under Caribbean News.
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