Travel Spending has Increased by $48 billion – So What are Travelers Spending Money On?

Bojan Jokic | November 19, 2015

by Bojan Jokic The United Nations World Tourism Organization (UNWTO) recently released data on the spending habits of tourists in 2014, which put $1.2 trillion back into the global economy — an increase of $48 billion from the previous year. The same report revealed that receipts from international visitors spending on accommodation, food and drink, entertainment, shopping and other services and goods reached an estimated US$ 1,245 billion (euro 937 billion) in 2014, an increase of 3.7%. The global business travel market generates sales worth hundreds of billion U.S. dollars every year and it includes both national and internatio...