Published on : Friday, January 25, 2019
A recent UN report said that tourism is gradually finding a prominent, if not dominant, place in the global economy.
The report provides facts and figures regarding the importance of tourism worldwide, and notes that Brazil and the Russian Federation is starting to recover again after a few years of decline.
In the first half of 2018, arrivals increased by 6 percent compared to the same period in 2017. Asia, Pacific, and Europe grew by 7 percent, the Middle East by 5 percent, Africa by 4 percent, and America by 3 percent.
The Indian economy is expected to expand by 7.6 and 7.4 percent in 2019 and 2020, respectively, after expanding by 7.4 percent in 2018. Bangladesh economy is also se to expand. However, economic growth in Pakistan is expected to slow down this year and in 2020.