International visitor arrivals into Asia Pacific continued to see strong expansion, with close to 900 million arrivals expected in 2023.
International tourist arrivals reach 1.4 billion two years ahead of forecast
Global air travel grew by a very healthy 5.9% in 2018, according to data just published by ForwardKeys.
The U.S. travel market is projected to grow a healthy 5% in 2018, benefiting from positive economic performance, particularly in the first three quarters of the year.
The global luxury hotel market size is expected to reach USD 115.80 billion by 2025, according to a new report by Grand View Research, registering a 4.3% CAGR during the forecast period.
International travel sees one of the highest growth rates in the past twenty years.
Europe welcomed 671 million international tourist arrivals in 2017, an outstanding 8% growth compared to 2016 (+2%). Europe has consolidated, for the eight consecutive year, its position as the leading destination worldwide.