Global Travel Rebound But Future Uncertain

New report out from Amadeus and Oxford Economics – The Travel Goldrush 2020 – has identified these key trends:

  • Global tourist arrivals fell to 880m in 2009 from 920m in 2008, according to the United Nations World Travel Organisation.
  • Arrivals are growing again – up 5.6% so far in 2010 – but Europe remains sluggish.
  • Aviation industry is forecast to return to profit in 2010 but 0.5% net profit margin raises questions over industry viability.
  • Asian residents will account for 32% of global travel spending by 2020 (now 21%).
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