Global tourism: Travel and tourism sector predicted to slow after higher oil prices, airfares
Tourism-phobia has become increasingly prevalent, particularly in European destinations such as Barcelona and Venice, where visitors crowd the same places at the same time. The WTTC is involved in efforts to spread tourists around destinations and smooth out demand over time. Oxford Economics helped in the compilation of the report, which covers 185 countries.
The travel and tourism sector is set for a modest slowdown in 2018 as a result of higher oil prices and airfares, a year after it experienced its best year on record, according to a leading global industry body. Image source: Reuters