Summary
Tourism as a whole has been continuing to grow at a steady pace year over year for the last six years in both international tourism arrivals and international tourism receipts. This overall increase in tourism has also created various shifts in the top ten destinations for arrivals and receipts, with only seven of the top ten countries appearing in both lists. These differences can be attributed to the fact that each country attracts a unique set of visitors who have different length of stay patterns and have unaligned spending needs for their trips, as well as varying currency exchange (UNWTO, 2016). This paper will review the major differences between the international tourism arrivals and receipt data, as well as define strategies …show more content…
As the article states, this can be attributed to the three main factors that influence tourism flows: “the unusually strong exchange rate fluctuations, the decline in the price of oil and other commodities which increased disposable income in importing countries but weakened tourism demand in exporting countries, as well as increased global concern about safety and security” (UNWTO, 2016). The main issue that is found is not one of concern for the growth of the industry, but rather a concern towards the individual destinations that are receiving a decline in share, or are not receiving comparable receipts to arrivals. For example, out of the Americas, the United States receives a 40.3% share of arrivals, but manages a 67.4% share of receipts, whereas France is receiving a 13.9% share of arrivals in Europe, but are only seeing a 10.2% share for receipts (UNWTO, 2016). The UK receives a mere 5.7% share of arrivals, but achieves a 10.1% share for receipts (UNWTO, 2016). This means that the UK receives one visitor to approximately France’s 2.5, but their spending is high enough to almost close the gap. The main cause of this could be related to the exchange rate, but it can also be variances in traveler
Tourism as a whole has been continuing to grow at a steady pace year over year for the last six years in both international tourism arrivals and international tourism receipts. This overall increase in tourism has also created various shifts in the top ten destinations for arrivals and receipts, with only seven of the top ten countries appearing in both lists. These differences can be attributed to the fact that each country attracts a unique set of visitors who have different length of stay patterns and have unaligned spending needs for their trips, as well as varying currency exchange (UNWTO, 2016). This paper will review the major differences between the international tourism arrivals and receipt data, as well as define strategies …show more content…
As the article states, this can be attributed to the three main factors that influence tourism flows: “the unusually strong exchange rate fluctuations, the decline in the price of oil and other commodities which increased disposable income in importing countries but weakened tourism demand in exporting countries, as well as increased global concern about safety and security” (UNWTO, 2016). The main issue that is found is not one of concern for the growth of the industry, but rather a concern towards the individual destinations that are receiving a decline in share, or are not receiving comparable receipts to arrivals. For example, out of the Americas, the United States receives a 40.3% share of arrivals, but manages a 67.4% share of receipts, whereas France is receiving a 13.9% share of arrivals in Europe, but are only seeing a 10.2% share for receipts (UNWTO, 2016). The UK receives a mere 5.7% share of arrivals, but achieves a 10.1% share for receipts (UNWTO, 2016). This means that the UK receives one visitor to approximately France’s 2.5, but their spending is high enough to almost close the gap. The main cause of this could be related to the exchange rate, but it can also be variances in traveler