The global economy is expected to record 3.1% growth in 2013, a stable performance
compared to 2012.
• The IMF predicts global GDP to grow by 3.8% in 2014, thanks to positive growth in the
Eurozone, the economy picking up in the US and a further increase in emerging markets.
• The long-term economic potential of the BRICs and other emerging markets remains solid
and is expected to drive positive performance of the global economy over 2015-2017.
• Global tourist arrivals and inbound spending are predicted to continue to be vital over the
2012-2017 period, boosted by increasing demand from emerging markets.
• Advanced markets are recovering after the difficulties experienced since the crisis with
tourism flows and spending from the US, Japan and Europe returning to growth.
• Online travel agencies are growing in importance, with Expedia and Priceline dominating this
space. Players from emerging markets are also gaining ground, like the Chinese online travel
agency Ctrip.
• Mobile travel bookings are becoming significant globally, reaching double-digit shares of
online sales for some key players in the online travel agency and hotel categories in 2012.
The global economy is expected to record 3.1% growth in 2013, a stable performance
compared to 2012.
• The IMF predicts global GDP to grow by 3.8% in 2014, thanks to positive growth in the
Eurozone, the economy picking up in the US and a further increase in emerging markets.
• The long-term economic potential of the BRICs and other emerging markets remains solid
and is expected to drive positive performance of the global economy over 2015-2017.
• Global tourist arrivals and inbound spending are predicted to continue to be vital over the
2012-2017 period, boosted by increasing demand from emerging markets.
• Advanced markets are recovering after the difficulties experienced since the crisis with
tourism flows and spending from the US, Japan and Europe returning to growth.
• Online travel agencies are growing in importance, with Expedia and Priceline dominating this
space. Players from emerging markets are also gaining ground, like the Chinese online travel
agency Ctrip.
• Mobile travel bookings are becoming significant globally, reaching double-digit shares of
online sales for some key players in the online travel agency and hotel categories in 2012.
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