NITN | @notintownlive | 22 Jan 2024, 10:14 am
Photo Courtesy: Unsplash
Madrid: According to the first UNWTO World Tourism Barometer of the year, international tourism ended 2023 at 88 per cent of pre-pandemic levels, with an estimated 1.3 billion international arrivals.
World Tourism Organization (UNWTO) is the United Nations agency responsible for the promotion of responsible, sustainable and universally accessible tourism.
The UNWTO World Tourism Barometer provides a comprehensive overview of the sector's performance for the year under study, tracking recovery by global region, sub-region and destination.
According to the organisation, unleashing of remaining pent-up demand, increased air connectivity, and a stronger recovery of Asian markets and destinations, are expected to underpin a full recovery by the end of 2024.
The study revealed that the Middle East, Europe and Africa performed strongest in 2023.
The Middle East led recovery in relative terms as the only region to overcome pre-pandemic levels with arrivals 22 per cent above 2019.
Europe, the world's most visited region, reached 94 per cent of 2019 levels, supported by intra-regional demand and travel from the United States.
Africa recovered 96 per cent of pre-pandemic visitors and Americas reached 90 per cent.
?Just in: UNWTO World Tourism Barometer shows arrivals hit 88% of pre-pandemic levels in 2023, with 1.3 billion international arrivals. Expect a full recovery by end-2024, fuelled by pent-up demand, improved connectivity, and resilient Asian markets?— World Tourism Organization (@UNWTO) January 19, 2024
Asia and the Pacific reached 65 per cent of pre-pandemic levels following the reopening of several markets and destinations.
However, performance is mixed, with South Asia already recovering 87 per cent of 2019 levels and North-East Asia around 55 per cent.
Available data showed that several destinations, including both large, established destinations as well as small and emerging ones, reported double-digit growth in international arrivals in 2023 when compared to 2019.
Four sub-regions exceeded their 2019 arrival levels - Southern Mediterranean Europe, Caribbean, Central America and North Africa.
UNWTO Secretary-General Zurab Pololikashvili said, "The latest UNWTO data underscores tourism's resilience and rapid recovery, with pre-pandemic numbers expected by the end of 2024. The rebound is already having a significant impact on economies, jobs, growth and opportunities for communities everywhere. These numbers also recall the critical task of progressing sustainability and inclusion in tourism development."
International tourism hit US$1.4 trillion in 2023
The latest UNWTO data also highlighted the economic impact of recovery.
International tourism receipts reached USD 1.4 trillion in 2023 according to preliminary estimates, about 93 per cent of the USD 1.5 trillion earned by destinations in 2019.
Total export revenues from tourism (including passenger transport) were estimated at USD 1.6 trillion in 2023, almost 95 per cent of the USD 1.7 trillion recorded in 2019.
Preliminary estimates on the economic contribution of tourism, measured in tourism direct gross domestic product (TDGDP) pointed to USD 3.3 trillion in 2023, or 3 per cent of global GDP.
This indicates a recovery of pre-pandemic TDGDP driven by strong domestic and international tourism, according to the UNWTO World Tourism Barometer for the year.
Several destinations reported strong growth in international tourism receipts during the first ten to twelve months of 2023, exceeding in some cases growth in arrivals.
Strong demand for outbound travel was also reported by several large source markets this period, with many exceeding 2019 levels.
Performance of industry indicators too reflected the sustained recovery.
According to the UNWTO Tourism Recovery Tracker, both international air capacity and passenger demand recovered about 90 per cent of pre-pandemic levels through October 2023 (IATA).
Global occupancy rates in accommodation establishments reached 65 per cent in November, slightly above 62 per cent in November 2022 (based on STR data).
Image credit: Unsplash
What is in store for 2024?
International tourism is expected to fully recover pre-pandemic levels in 2024, with initial estimates pointing to 2 per cent growth above 2019 levels.
But do note that the central forecast by UNWTO remains subject to the pace of recovery in Asia and to the evolution of existing economic and geopolitical downside risks.
The positive outlook is reflected in the latest UNWTO Tourism Confidence Index survey, with 67 per cent of tourism professionals indicating better or much better prospects for 2024 compared to 2023.
Some 28 per cent expect similar performance, while only 6 per cent expect tourism performance in 2024 to be worse than last year.
Key considerations include:
- There is still significant room for recovery across Asia. The reopening of several source markets and destinations will boost recovery in the region and globally.
- Chinese outbound and inbound tourism is expected to accelerate in 2024, due to visa facilitation and improved air capacity. China is applying visa-free travel for citizens of France, Germany, Italy, the Netherlands, Spain and Malaysia for a year to November 30, 2024.
- Visa and travel facilitation measures will promote travel to and around the Middle East and Africa with the Gulf Cooperation Council (GCC) countries to implement a unified tourist visa, similar to the Schengen visa, and measures to facilitate intra-African travel in Kenya and Rwanda.
- Europe is expected to drive results again in 2024. In March, Romania and Bulgaria will join the Schengen area of free movement, and Paris will host the Summer Olympics in July and August.
- Strong travel from the United States, backed by a strong US dollar, will continue to benefit destinations in the Americas and beyond. As in 2023, robust source markets in Europe, the Americas and the Middle East, will continue to fuel tourism flows and spending around the world.
- Economic and geopolitical headwinds continue to pose significant challenges to the sustained recovery of international tourism and confidence levels. Persisting inflation, high interest rates, volatile oil prices and disruptions to trade can continue to impact transport and accommodations costs in 2024.
- Against this backdrop, tourists are expected to increasingly seek value for money and travel closer to home. Sustainable practices and adaptability will also play an increasing role in consumer choice.
- Staff shortages remain a critical issue, as tourism businesses face a shortfall in labor to cope with high demand.
- The evolution of the Hamas-Israel conflict may disrupt travel in the Middle East and impact traveller confidence. Uncertainty derived from the Russian aggression against Ukraine as well as other mounting geopolitical tensions, continue to weigh on confidence.
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