Global Growth
• The IMF predicts global GDP to grow by 3.8% in 2014
• BRICs is expected to drive economic performance 2015-2017
• Americas - demand is likely to outpace supply
• Europe - arrivals and incoming receipts have started to pick up
• Middle East - shift away from Egypt, Syria and Lebanon towards the Gulf markets
• Africa - business tourism plus rising incomes and urbanization are driving domestic travel
• Asia - remains the leading global region for economic growth
• India - travel and tourism is rebounding