MANAGING in the

NEW WORLD

Global spend on travel has grown by 3.1 percent which is 0.2 percent less than was predicted. These figures have been provided by tourism consulting giant World Travel and Tourism Council. In spite of the lower spending, the tourism industry has still be shielded as overall global spend has increased by only 2.3 percent. While terrorism plays a part in the comparatively lower business, macroeconomic factors play a bigger role. Those worried about safety concerns in France are making headway for Spain or Italy. The South Asian region has seen maximum growth in inbound tourism with India leading the way. Other parts of Asia are also growing at greater than four percent with China especially robust at over six percent. Latin America has seen the greatest decline. North America exactly matches global growth but Europe has seen a slight decline. Surprisingly, the UK has seen increased growth post Brexit mainly due to the weakening of the British pound.

Sourcehttp://home.cableone.net/news/read/category/Top%20News/article/the_associated_press-global_travel_continues_to_grow_but_at_a_slower_pa-ap

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