Visitor Exports and Investment1 VISITOR EXPORTS Money spent by foreign visitors to a country (or visitor exports) is a key component of the direct contribution of Travel & Tourism. In 2014, the world generated USD1,383.8bn in visitor exports. In 2015, this is expected to grow by 2.8%, and the world is expected to attract 1,172,740,000 international tourist arrivals. By 2025, international tourist arrivals are forecast to total 1,796,210,000, generating expenditure of USD2,140.1bn, an increase of 4.2% pa.
WORLD: VISITOR EXPORTS AND INTERNATIONAL TOURIST ARRIVALS Constant 2014 USDbn
mn
2,500
2,000
Foreign visitor exports as % of total exports 6.0
1,800 2,000
1,600
5.8
1,400 1,500
1,200
5.6
1,000 1,000
800
5.4
600 500
400
5.2
200 2025 2025
5.0
2025 2025
2015
2014
2013
2012
2011
2010
2009
2008
Foreign visitor exports (LHS)
2007
4.8
2005
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
0
2006
0
Foreign tourist arrivals (RHS)
INVESTMENT Travel & Tourism is expected to have attracted capital investment of USD814.4bn in 2014. This is expected to rise by 4.8% in 2015, and rise by 4.6% pa over the next ten years to USD1,336.4bn in 2025. Travel & Tourism’s share of total national investment will rise from 4.4% in 2015 to 4.9% in 2025. WORLD: CAPITAL INVESTMENT IN TRAVEL & TOURISM % of whole economy GDP
Constant 2014 USDbn
5.0
1,600
4.9 1,400
4.8
1,200
4.7 4.6
1,000
4.5 800
4.4
600
4.3 4.2
400
4.1 200
4.0
1
2025 2025
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
3.9 2005
2025 2025
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
0
All values are in constant 2014 prices & exchange rates WTTC Travel & Tourism Economic Impact 2015
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