Increasing per capita income in most of the emerging nations is the key driver of global tourism industry as well as millenials' desire to travel. On the other hand, promotion of tourism by certain government bodies is escalating the global tourism industry.
Tourism contributes to approximately 9% of the worldwide employment.
The tourism market in Asia-Pacific is likely to get propelled from strengthening economy, rise in disposable income and increasing infrastructural developments in some of the major countries such as India, China, Japan and Singapore. Backed up by these factors, Asia-Pacific region is projected to attract over 502+ million visitors by 2025
The overall contribution of tourism industry comprising of travel, transportation, entertainment and accommodation among other tourist attractions to the global economy will get close to USD 9 trillion by 2025.
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