The world’s fastest growing countries in travel
The locus of travel has rapidly moved eastward, and 2013 and beyond continues that inexorable journey.
Both consumer and business travel trends are now being defined and tested out in regions other than the United States and Europe.
We talked about this at length in our report earlier this year: “13 Global Trends That Will Define Travel in 2013.”
Now data from World Travel and Tourism Council (WTTC) backs that up. In its annual “Economic Impact Research,” it has come up with the world’s fastest growing countries in travel and tourism, calibrating against GDP contribution, employment growth, business and leisure travel growth, investment and other metrics.
Some of the countries on the list will surprise you at first glance, but on deeper dive, make sense.
Other industries feed travel
The boom in the top few countries on the list -- especially Qatar and Azerbaijan -- is driven by oil/natural gas and construction. It’s understandable that travel is growing.
Qatar is also being driven by its new geopolitical prominence, based on the back of its worldwide sovereign wealth spending spree.
The mining boom -- or speculators hoping for it -- in central Asian countries like Mongolia and Kyrgyzstan are driving the travel economies there.
Peel back the layers on many of these countries, and a big reason for the growth in travel would point to one reason: China.
The Asian giant has been buying its way into the emerging countries in Asia and Africa, especially in infrastructure development. That would explain the rise in travel.
Some countries like Thailand, Oman and Cape Verde are experiencing genuine tourism-driven growth, with less geopolitical implications than others on the list.
A big caveat here: with few exceptions all of these countries are growing this fast from a very small base where the travel and tourism industry is in its infancy.
The absolute numbers may not be huge currently, but long term projections until 2023 even out some of these biases, and that’s why you see countries like China and India appear in this.
Top 10 fastest growing Countries: Direct contribution of Travel & Tourism to GDP in 2012 (percent)
Qatar - 28.3
Azerbaijan - 24.8
Kyrgyzstan - 24
Tunisia - 14.2
Montenegro - 13.9
Uzbekistan - 13.7
Kazakhstan - 11.5
Belarus - 11.5
Chile – 11.1
Jordan - 11
Head here for full rundown of statistics and charts: skift.com
Story from Rafat Ali, at Skift.
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