BRIC countries at forefront of tourism growth globally
The BRIC countries (Brazil, Russia, India and China) will dominate the next 10 to 20 years of global tourism, growing twice as fast as the average country, according to a Goldman Sachs economist speaking at the WTTC summit in Beijing.
Macro economist Anna Stupnytska told delegates: “Global tourism will grow on average at 5% over the next two years but the BRICs and in particular India and China will grow at more than twice this level and this in itself is four times what established economies such as the USA and the euro zone will grow at."
She added: “Real growth patterns have already returned to pre-recession levels and by 2030 most BRIC countries will see a massive rise in middle incomes. This in turn has great consequences for the travel and tourism industry globally.”
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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