Tourism is travel for recreation, leisure, religious, family
or business purposes, usually for a limited duration. Tourism is
commonly associated with international travel, but may also refer to
travel to another place within the same country. The World Tourism Organization defines tourists
as people "traveling to and staying in places outside their usual
environment for not more than one consecutive year for leisure, business
and other purposes".[1]
Tourism has become a popular global leisure activity. Tourism can be
domestic or international, and international tourism has both incoming
and outgoing implications on a country's balance of payments.
Today, tourism is a major source of income for many countries, and
affects the economy of both the source and host countries, in some cases
being of vital importance.
Tourism suffered as a result of a strong economic slowdown of the late-2000s recession, between the second half of 2008 and the end of 2009, and the outbreak of the H1N1 influenza virus.[2][3]
It then slowly recovered, with international tourist arrivals
surpassing the milestone of 1 billion tourists globally for first time
in history in 2012.[4] International tourism receipts (the travel item in the balance of payments) grew to US$1.03 trillion (€740 billion) in 2011, corresponding to an increase in real terms of 3.8% from 2010.[5] In 2012, China became the largest spender in international tourism globally with US$102 billion, surpassing Germany and United States. China and emerging markets have significantly increased their spending over the past decade, with Russia and Brazil as noteworthy examples.[6]
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