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ETC Publishes New Quarterly Report

ETC Publishes New Quarterly Report

THE EUROPEAN TRAVEL COMMISSION REPORTS GROWTH MOMENTUM TOWARDS THE PEAK TRAVEL SEASON

European destinations have paved the way for an encouraging summer season with a third of reporting destinations enjoying double-digit expansion to date. Europe remains the leading destination worldwide despite increased competition and current forecast for 2018 suggests a moderate expansion trending around 3-4%.

European tourism demand remains robust, continuing the trends observed earlier in the year. Despite a projected slowdown in the global economy, destinations in Europe saw solid growth that paved the way for an encouraging summer season. Year-to-date results have been mainly driven by strong intra-European and long-haul travel demand, increased air connections and destinations’ efforts to ensure year-round tourism growth.

Sustained growth has been recorded by all (33) reporting destinations, out of which one third saw growth in excess of 10%. Turkey (+33%) is enjoying a strong recovery – following a bleak 2016 and 2017 – as perceptions of risk weaken and the transcontinental destination opens to new markets and diversifies its offering.

Large Intra-European and Long-Haul Source Markets Continue to Underpin the Region’s Arrivals Growth

Several destinations continue to benefit from strong travel demand from Europe’s largest source markets – Germany, France, and the UK. Mainly island and Eastern Mediterranean destinations – Croatia, Malta, Cyprus, and Greece – saw the largest increases in German arrivals ahead of the summer peak season. New direct flights have been the catalyst for dramatic German arrivals growth in Montenegro (+63%). In France, setbacks may await as further flight delays and cancellations are anticipated in June due to further air-traffic controllers strikes. Travel from the UK continues to grow supported by better exchange rates despite uncertainties about the outcome of Brexit negotiations.

Full report can be downloaded here