The number of travellers visiting international destination has grown exponentially since the mid-20th century, with numbers now totalling 1.4 billion. Europe has taken the biggest share, but the Asia-Pacific region is hot on its heels.
What’s driving international tourist arrivals?
Several factors are driving this increase in international tourist arrivals:
- Disposable income growth around the world
- People are living longer
- People are having fewer children, giving them more time and resources
- The world has generally become peaceful, meaning areas that were once off-limits are now accessible
- Air travel is cheaper
- Tickets, accommodation, and transportation can now be booked online
A closer look at the big business of travel
In a recent article, Bloomberg took a closer look at the phenomena of international travel and its impact on local communities. Check out the full article here.