Moreover, the UNWTO forecasts international tourism to grow by 3% to 4% in 2015. In terms of
region, Asia and the Pacific is expected to grow by (4% to 5%), the Americas by (4% to 5%), followed
by Europe with (3% to 4%). In addition, the decline in the global oil prices is expected to further lower
transport costs and boost economic growth by lifting purchasing power and private demand in oil
importing economies.