06 March 2008 Global tourism 'set to grow'
In the coming decade growth is predicted is predicted in the travel and tourism industry, it has been noted.
Tourism Satellite Accounting research released by the World Travel and Tourism Council (WTTC) reveals that world travel and tourism is likely to generate up to $8 trillion this year and $15 trillion over the coming ten years.
Emerging destinations such as Africa, Asia Pacific and the Middle East are currently experiencing a higher growth rate than the world average, while the Americas and Europe are falling below the world average.
"Challenges come from the US slowdown and the weak dollar, higher fuel costs and concerns about climate change," WTTC President Jean-Claude Baumgarten commented.
He added that China, India and other emerging destinations are "growing rapidly".
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