Global Overview: The sector continues its steady recovery in tourism arrivals (33 percent year-on-year increase), receipts, aviation, and lodging indicators as tourism inflation eases and airline
operations adjust to new demand.
Regional Overview: China’s January 2023 reopening continues to drive global and regional (East Asia and the Pacific) tourism growth. All other regions showed steady year-on-year improvements, with the Middle East and North Africa, South Asia, Latin America and the Caribbean showing the greatest recovery of estimated aviation passenger arrivals.
Tourism Outlook: Tourism prospects are cautiously optimistic due to a continuing recovery, slowing inflation, and continued economic resilience in key global source markets, such as the United States. However, an expected slowdown in global growth, persistent core inflation, geopolitical tensions, and climate change-induced extreme weather events are affecting traveller confidence.
Special Policy Insert: Comprehensive and up-to-date tourism data is crucial for effective policymaking, yet tourism statistics are often lacking, particularly in developing economies. To bridge this gap, the World Bank is exploring non-traditional data sources and recently partnered with Visa to incorporate aggregated and anonymous spending insights for evidence-based tourism policymaking.
Global Overview: The sector continues its steady recovery in tourism arrivals (33 percent year-on-year increase), receipts, aviation, and lodging indicators as tourism inflation eases and airline
operations adjust to new demand.
Regional Overview: China’s January 2023 reopening continues to drive global and regional (East Asia and the Pacific) tourism growth. All other regions showed steady year-on-year improvements, with the Middle East and North Africa, South Asia, Latin America and the Caribbean showing the greatest recovery of estimated aviation passenger arrivals.
Tourism Outlook: Tourism prospects are cautiously optimistic due to a continuing recovery, slowing inflation, and continued economic resilience in key global source markets, such as the United States. However, an expected slowdown in global growth, persistent core inflation, geopolitical tensions, and climate change-induced extreme weather events are affecting traveller confidence.
Special Policy Insert: Comprehensive and up-to-date tourism data is crucial for effective policymaking, yet tourism statistics are often lacking, particularly in developing economies. To bridge this gap, the World Bank is exploring non-traditional data sources and recently partnered with Visa to incorporate aggregated and anonymous spending insights for evidence-based tourism policymaking.
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