Global tourism revenues hit $1 trillion mark in 2011

2012 starts strong; international tourism arrivals up 5.7 percent over 2011

Tourists gather at a summer music festival at Copper Mountain, Colorado.

By Summit Voice

SUMMIT COUNTY — Global tourism growth continued to outpace most other economic sectors during the first two months of 2012, with international tourist arrivals up 5.7 percent over the same period in 2011, according to the World Tourism Organization’s World Tourism Barometer.

The WTO also said that international annual tourism revenues passed the $1 trillion mark for the first time in 2011. Overall, 2011 global tourism receipts grew by 3.8 percent from the previous year, along with a 4.6 percent increase in tourism arrivals worldwide.

Tourism revenues continued to recover from the losses suffered in 2009 and hit new records in many destinations, reaching a total of $1.03 trillion. The biggest growth was in the Americans, at 5.7 percent, followed by Europe (5.2 percent), Asia and the Pacific (4.3 percent) and Africa (2.2 percent). Continue reading

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