Tourism Growth and Trends – Luxury Vacations

Posted: October 5th, 2009 under Luxury Travel Tips.
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2008 made way for 922 million international tourist arrivals, with a growth rate of 1.9 % from 2007. Still in 2008, International tourism receipts grew to US$ 944 billion, at the rate of 1.8%. As many other industries, tourism was affected by the global recession; International tourist arrivals decreased by 8% in the first four months of 2009. The swine flu outbreak also had its impact. Despite recent troubles, the World tourism organization is predicting growth at an average annual rate of 4%.

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Tourism is an industry that is going to keep on developing in the future since the world is quickly globalizing. Vacation rentals are also important because they help people settle more conveniently in different areas for the duration of their trip. The interesting part is that tourism is not only defined as leisure travels, but also accounts for business activities. Thanks to technology, the world is getting smaller and smaller as tourism continues to play its instrumental role. Who knows, maybe in 25 years people will take trips to space. How is that for a luxury vacation?

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