Early results show an encouraging performance in European tourism demand. Stronger economic activity in the Eurozone and in emerging markets underpin this growth coupled with a robust travel demand from major developing economies in Asia. ETC’s outlook for international tourism appears promising and is expected to remain steady at around 4% in 2018.
Year-to-date results show healthy growth in all reporting destinations compared to the same period a year prior. Europe’s notable showing is also a reflection of European destinations’ efforts to mitigate seasonality and improved air connectivity. Having faced geopolitical instability and terror-related challenges in recent years, overseas visitors to Europe were undeterred and tourist arrivals have remained resilient since the pre-crisis period in 2009.