Global passenger traffic data for August 2018 show an increase in demand compared to 2017
In addition to having more to spend, travelers have increased the amount they spend on travel by 40 per cent this year, compared with last year. The increasingly influential millennials are spending unprecedented amounts on travel, with those born after 1990 increasing their travel spend by 80 per cent this year.
BCD Travel 2019 Industry Forecast
According to the World Tourism Organization (UNWTO)s latest barometer, international tourist arrivals grew 6% in the first six months of 2018 after a record year of growth in 2017.