International tourism receipts increased by US$ 48 billion in 2014 to reach a record US$ 1,245 billion.An additional US$ 221 billion was generated from international passenger transport, bringing total exports from international tourism up to US$ 1.5 tril

Exports from international tourism rise to US$ 1.5 trillion in 2014

International tourism receipts increased by US$ 48 billion in 2014 to reach a record US$ 1,245 billion.An additional US$ 221 billion was generated from international passenger transport, bringing total exports from international tourism up to US$ 1.5 trillion.

Receipts from international visitors spending on accommodation, food and drink, entertainment, shopping and other services and goods reached an estimated US$ 1,245 billion (euro 937 billion) in 2014, an increase of 3.7% in real terms (taking into account exchange rate fluctuations and inflation). International tourist arrivals increased by 4.4% in 2014, reaching a total 1,135 million, up from 1,087 million in 2013.

Aside from international tourism receipts (the travel item of the Balance of Payment), tourism also generates export earnings through international passenger transport services (rendered to non-residents). The latter amounted to an estimated US$ 221 billion in 2014, bringing total exports from international tourism up to US$ 1.5 trillion, or US$ 4 billion a day on average.

International tourism (travel and passenger transport) represents 30% of the world’s exports of services and 6% of overall exports of goods and services. As a worldwide export category, tourism ranks fourth after fuels, chemicals and food, ranking first in many developing countries.

Source:UNWTO

Nurullah Kırmacı / emlakcoulisse.com

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