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International Tourism Receipts Pass $1tr Mark
International tourism receipts pass $1tr mark by Cheap Flights Booker UK
Spending by global travellers surpassed US$1tr (£619.4bn) for the first time last year, the UN World Tourism Organisation (UNWTO) has announced.
Tourism receipts around the world increased by 3.8% from the $928bn recorded in 2010, fuelled by a 4.6% rise in visitor arrivals.
Some $196bn came from international passenger transport in 2011, bringing total exports generated by international travel to $1.2tr.
The UNWTO revealed that income from tourism hit new records in most destinations, with the Americas and Europe seeing the largest increases in receipts of 5.7% and 5.2% respectively.
Taleb Rifai, the organisation"s secretary general, described the figures as "encouraging" and noted that demand for travel around the world has remained strong in recent years, despite ongoing challenges to the global economy.
He also commented on the importance of the sector for countries facing financial problems and weak domestic demand.
"We trust that governments worldwide will progressively recognise this and engage in measures that support tourism, including fairer tax policies and the facilitation of visas and travellers" movements," said Mr Rifai.
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