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NEWS
Tourism growth rate to slow in 2011
POSTED 10 Nov 2010 . BY Tom Walker
Three influential reports into the global tourism industry have predicted that growth in the sector will slow during 2011, following faster than expected recovery during 2010.

Figures in the annual Global Trends Report, compiled by research company Euromonitor, show that the number of arrivals and air passengers for 2010 will finish around 5 per cent higher than 2009 levels.

The report predicts, however, that this growth will slow down going into 2011, mainly due to the overhanging threat of a double-dip recession in leading markets such as the US and the UK.

As a result, Euromonitor expects the total number of international arrivals to grow by less than 2 per cent during 2011.

Meanwhile the World Travel & Tourism Council (WTTC) has revised its forecasts for 2010 and 2011.

In it's report on the global travel and tourism economy, it said real GDP growth is expected to rise by 2 per cent this year (up from the 0.5 per cent forecast earlier in the year), creating an extra 946,000 jobs worldwide.

However, expenditure on travel and tourism is still well down on its 2008 peak and WTTC said the pace of recovery in 2011 is likely to be slower than previously forecast.

Western consumers continue to pay down debt and many developed economies move to tighten fiscal policy.

The findings are mirrored by a report from the United Nations World Tourism Organisation (UNWTO).

In its outlook for 2011, UNWTO downgraded its growth estimates for 2011 (from 5-6 per cent to 3-4 per cent) and said that growth in Europe will fall behind the rates achieved by emerging destinations.

The outgoing President & CEO of WTTC, Jean-Claude Baumgarten, said: "The longer-term prospects for travel and tourism remain positive, boosted by rising prosperity in Asia.

"WTTC remains confident travel and tourism will remain a dynamic force for wealth and job creation.

"Over the next ten years, WTTC forecasts that the global travel & tourism economy will grow by 4.3 per cent per year, implying its share of the global economy will rise to just over 10 per cent.

"This will help create an additional 66 million jobs by 2020 - 50 million of which in Asia - acting as a key driver of poverty reduction."

All three reports were published at the World Travel Market, being held in London this week (7-11 November 2010).

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NEWS
Tourism growth rate to slow in 2011
POSTED 10 Nov 2010 . BY Tom Walker
Three influential reports into the global tourism industry have predicted that growth in the sector will slow during 2011, following faster than expected recovery during 2010.

Figures in the annual Global Trends Report, compiled by research company Euromonitor, show that the number of arrivals and air passengers for 2010 will finish around 5 per cent higher than 2009 levels.

The report predicts, however, that this growth will slow down going into 2011, mainly due to the overhanging threat of a double-dip recession in leading markets such as the US and the UK.

As a result, Euromonitor expects the total number of international arrivals to grow by less than 2 per cent during 2011.

Meanwhile the World Travel & Tourism Council (WTTC) has revised its forecasts for 2010 and 2011.

In it's report on the global travel and tourism economy, it said real GDP growth is expected to rise by 2 per cent this year (up from the 0.5 per cent forecast earlier in the year), creating an extra 946,000 jobs worldwide.

However, expenditure on travel and tourism is still well down on its 2008 peak and WTTC said the pace of recovery in 2011 is likely to be slower than previously forecast.

Western consumers continue to pay down debt and many developed economies move to tighten fiscal policy.

The findings are mirrored by a report from the United Nations World Tourism Organisation (UNWTO).

In its outlook for 2011, UNWTO downgraded its growth estimates for 2011 (from 5-6 per cent to 3-4 per cent) and said that growth in Europe will fall behind the rates achieved by emerging destinations.

The outgoing President & CEO of WTTC, Jean-Claude Baumgarten, said: "The longer-term prospects for travel and tourism remain positive, boosted by rising prosperity in Asia.

"WTTC remains confident travel and tourism will remain a dynamic force for wealth and job creation.

"Over the next ten years, WTTC forecasts that the global travel & tourism economy will grow by 4.3 per cent per year, implying its share of the global economy will rise to just over 10 per cent.

"This will help create an additional 66 million jobs by 2020 - 50 million of which in Asia - acting as a key driver of poverty reduction."

All three reports were published at the World Travel Market, being held in London this week (7-11 November 2010).

MORE NEWS
Bob Rogers hands BRC to long-serving leadership team
Experience design company, BRC Imagination Arts, has completed a transition that sees founder Bob Rogers pass ownership of the business to four long-serving senior executives, while remaining actively involved with the company.
Rainer Maelzer joins Therme Group as chief entertainment officer
Rainer Maelzer, an experiential entertainment innovator, has been appointed chief entertainment officer by Therme Group.
Movie Park Germany reveals new Paramount attraction as part of its 30th anniversary celebrations
Movie Park Germany has opened a new Paramount Pictures-themed attraction as part of its 30th anniversary celebrations, using immersive storytelling and adaptive reuse to reinforce the park’s longstanding “Hollywood in Germany” positioning.
Therme Manchester reveals 90:90 strategy – 90 per cent of the UK population within a 90-minute drive of a Therme
Therme Manchester’s 28-acre development, which will include interconnected glass pavilions that measure 65,000sq m, will be the largest bathing and wellbeing attraction in the world once complete, according to prof David Russell, CEO of Therme UK. 
Efteling expands family offer with new Hooghmoed drop tower
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A proposed Puy du Fou development near Bicester and Universal Destinations and Experiences’ planned resort in Bedford are emerging as part of a wider transformation of the Oxford– Cambridge Growth Corridor into a major centre for UK leisure and tourism inv
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COMPANY PROFILES
Holovis

Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
ProSlide Technology, Inc.

A former national ski team racer, ProSlide® CEO Rick Hunter’s goal has been to integrate the smoot [more...]
Polin Waterparks

Polin was founded in Istanbul in 1976. Polin has since grown into a leading company in the waterpa [more...]
TechnoAlpin Indoor

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FEATURED SUPPLIER

Iconic Liverpool attraction opens door to new operators
An opportunity to reimagine one of the UK’s most recognisable towers has been formally opened by Rivington Hark, as St Johns Beacon invites operators and partners to shape its next phase. [more...]
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

09-11 Jun 2026

World Sauna Forum 2026

Savutuvan Apaja, Haapaniemi, Finland
23-26 Aug 2026

Elevate Spa Riviera Maya Edition

The Riviera Maya Edition Kanai, Playa del Carmen, Mexico
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2026

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
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PRINT SUBSCRIPTIONS
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