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Big Data Analysis 2018 Global Tourism Economic Development Trend

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It is a special report formed by the World Tourism Cities Federation on the dynamic trends and predictions of the development of the world tourism economy.

Recently, the World Tourism Cities Federation (WTCF) released the "World Tourism Economic Trend Report (2018)" forecast

Global tourism growth in 2018 continues to be higher than global economic growth, and global tourism revenue growth is expected to reach 6.7%, higher than the International Monetary Fund and World Bank forecasts for global GDP growth rates of 3.6% and 2.9%, respectively.

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Tourism consumption has become an important lifestyle for the global people. In 2017, the total number of global tourists (including domestic tourists and international tourists) reached 11.88 billion, which is 1.6 times the global population. Among the total number of global tourists, China has the largest number of tourists, ranking first in the Asia-Pacific region, with 4.53 billion person-times. The highest total tourism revenue is in the United States, at $1.03 billion. It is estimated that the total number of global tourism will reach 12.67 billion in 2018, which is 1.7 times the global population. The share of total tourism and total income in the Asia-Pacific region will continue to grow.

The World Tourism Economic Trend Report (2018) is based on the analysis of core data such as the total scale of the global tourism economy, and focuses on the main line of “the role of tourism in the world economic structure”, from the global tourism economy, tourism listed companies, and technology changes. In-depth study of tourism and tourism talents has predicted the development trend of the world tourism economy in 2018.

First, the global tourism economy is comprehensive and rapid growth.

In 2017, the total number of global tourists reached 11.88 billion, which is 1.6 times the size of the global population;

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Second, the global tourism three-legged pattern is more obvious.

Among them, the Asia-Pacific sector has the fastest growth in total travel and total revenue, and the European and American sectors have declined.

Third, the share of tourism in emerging economies continues to increase.

Total tourism revenue increased to 38.9% globally, an increase of 13.7 percentage points;

Fourth, the tourism development of the BRICS countries is particularly eye-catching.

The total number of BRIC countries including Brazil, Russia, India, China and South Africa will reach 6.36 billion.

5. Tourism has become the largest component of international service trade;

6. Global tourism investment has grown rapidly.

The Asia-Pacific region is the region with the largest scale of tourism investment and the fastest growth rate in the global tourism investment map;

7. The city plays an important role in the global tourism economy.

According to big data analysis, in 2017, 87 cities with relatively complete data in the member cities of the World Tourism Cities Association received 330 million inbound tourists, accounting for 26.6% of the total number of inbound tourism in the world (1.24 billion). Said that the 2/3 member cities of the World Tourism Cities Federation have received nearly one-third of the global international tourism market;

8. Global travel listed companies continue to grow.

The report selected 50 tourism listed companies for analysis. From 2010 to 2016, the total market value of these 50 listed companies increased from 356.168 billion US dollars to 785.983 billion US dollars, with a compound growth rate of 14.04% and a total market value of 1.2 times.