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Economics and Statistics

Taxes, tourism and connectivity

By Patrick Lucas, Senior Manager, Economics and Statistics, ACI World

Source: World Tourism Organization (UNWTO) 2016

Have we temporarily forgotten tourism’s contribution to economies around the globe? In this new era of inward-looking policies and protectionist rhetoric, which has swept several western countries, this question needs to be raised as the risk of retraction on years of liberalization remains omnipresent. At the same time, the facts remain evident. According to the United Nations World Tourism Organization (UNWTO), tourism accounts for

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10% of global Gross Domestic Product (GDP) and one in ten jobs are linked to tourism. Despite many challenges on the geopolitical front in 2016, demand for international tourism remained relatively strong. International tourist arrivals grew by 3.9% to reach a total of 1,235 million, according to the latest UNWTO World Tourism Barometer. Notwithstanding, short-sighted policies could jeopardize this important sector of the economy, particularly when we think of tourism’s

ACI World Report - June 2017  

News and events from the voice of the world's airports

ACI World Report - June 2017  

News and events from the voice of the world's airports