Report reveals trends in world tourism

The World Tourism Cities Federation and the Tourism Research Center of the Chinese Academy of Social Sciences released its Report on World Tourism Economy Trends in Beijing on March 2.

In 2021, world tourism showed a significant recovery, driven by the continuous loosening of fiscal and monetary policies in major economies, accelerated global vaccine production and rising vaccination rates.

According to the report, a total of 6.6 billion global tourist trips were made in 2021, and the total world tourism revenue reached $3.3 trillion, showing a recovery of 53.7 percent and 55.9 percent of 2019 levels respectively.

The report predicts a total of 8.45 billion global tourist trips will be made in 2022, and total world tourism revenue will amount to $4 trillion, 68.8 percent and 67.8 percent of pre-pandemic levels in 2019 respectively. Domestic tourism will see stronger recovery than international tourism, and tourism in developed economies will witness a better performance than in emerging economies.

As vaccination rates keep rising and international travel restrictions are eased around the world, the world tourism industry is moving continuously and steadily towards its recovery, the report said.