How economy of tourism between those who spend and those who earn?

How economy of tourism between those who spend and those who earn?
6 min read

300 billion dollars in public spending (4 percent) and 1000 billion from private individuals, 9 percent of international investments.

This is the capital that will set course on global tourism in 2006. According to the Oxford Economic Forecasting , the palm of The spendthrift tourist's gold belongs to the average American who will spend a whopping $ 861 billion. Also the United States will also receive an amount equal to 232 billion dollars in revenues from international tourism. In recent years, the ancient middle groundtourism, travel and holidays, it has been the favorite object of investments and expenses from both the public and the private sector. Naturally, almost immediately, just as many volumes relating to earnings and revenues were added to the flows of expenditure, making their entry, well received, into the balance sheets of companies and into the accounts of the States.

In detail, tourism should be able to rely on the 300 billion dollars of public money, about 4 per cent of what all States in the world will spend in the current year, while on the private side investments should be able to reach 1 trillion dollars, 9 per cent of the investments that in 2006 totaled they will spill over on international markets.

Always the USA in the lead in direct spending

Also from this point of view, it is the United States which, in 2006, and again according to the estimates made by Oxford Economic Forecasting on behalf of the Wttc, will invest more heavily in tourism. In fact, the public funding that will directly support the US vacation economy is expected to amount to over $ 100 billion, to which in reality additional expenses would be added. In second position is Japan which would seem most interested in following the example of the United States, having public funds of as much as 35 billion dollars to be directed during the year on the travel and holiday market. Far behind are the other major players in world tourism who, in reality, should invest this year sums ranging from the 5 billion dollars that the Australian government is about to free up to the 16 billion built by France. Modest numbers if compared with the financial resources exhibited by the US and Japan.

US private individuals most open to tourism

Transiting from the public to the private side, the situation does not seem to change at all. In practice, US operators and investors should also pour 281 billion dollars into the domestic and foreign tourism market in 2006 with the aim of satisfying and intercepting an ever-increasing share of global tourism-related demand, about 6 trillion dollars. , through the refinement and enhancement of the services and facilities available. Behind the US the profile of Beijing begins to be seen, where now not only public authorities but also private individuals, partly to be honest, foreigners, are beginning to invest heavily in holidays and travel. Indeed, it is a businesswhose rates of profitability and profit are also exceeding those of some sectors such as components, construction and manufacturing. Therefore, young Chinese managers seem decidedly inclined to play the tourism card by making their way behind the US and, in the future, perhaps within the next ten years, managing to oust the American King from the top of the world pyramid of holidays and travels .

Further back follow the Japanese investors who, in 2006, will commit 56 billion on the tourism market, the Iberian operators, that should free 48 billion of new and fresh resources to be directed on the holiday business , and finally the British (33 billion), French (31) and Italians (29), traditionally more reflective in taking leave of substantial figures. After all, Germany closes, once in a while. 

It resides in the borders of the USA

The tourism economy not only drains money from the budgets of individual states and attracts resources from the portfolios of investors attentive to market trends. Most of the sums invested are quickly transformed into receipts. In fact, by shifting the observation from the expenditure side to the income side, financial flows help us understand the reason that drives thousands of operators and dozens of countries to invest in the holiday business . Naturally, the golden palm of the spendthrift touristit belongs to the average American who, in 2006, will spend 861 billion dollars on travel, stays and holidays, that is, how much the Japanese, Teutonic, British, French and Italian colleagues will reserve for the chapter of tourism. This is a significant sum that will be spilled on the accounts of several national economies that, in the current year, will be visited, scrutinized and experienced by millions of US vacationers. If, then, the expenses for the tourist consumption of the average American Scrooge add the expenses decided by French, Italian, German colleagues, etc., we reach 1600 billion dollars which, according to Oef estimates, should feed and contribute to enriching the major national economies today present on the global theater.

The State that will collect the largest share of international tourist expenses is, again, the US which, in 2006, is preparing to receive, together with millions of visitors, even a sum equal to 232 billion dollars. In France, on the other hand, an estimated $ 115 billion in entry is estimated, which, thanks to the foreign visitor, should contribute to strengthening the home economy. Even Spain, with 77 billion dollars, seems to be launched on the international tourist market even if behind it stands the presence of China which, in 2006, should close the season and the tourist budgets with a collection of 75 billion dollars. Further behind are Japan and Italy, to which the income of foreign tourists should guarantee 72 and 63 billion dollars respectively.

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