Page 4 - ASUTIL 2024 Edition
P. 4

INSIDER



          International tourism reached 97% of pre-pandemic levels in the first
          quarter of 2024



              International tourist arrivals reached
          97% of pre-pandemic levels in the first
          quarter of 2024. According to UN Tourism,
          more than 285 million tourists traveled
          internationally in January-March, about
          20% more than the first quarter of 2023,
          underscoring the sector’s near-complete
          recovery from the impacts of the pandemic.
              In 2023 international tourist arrivals
          recovered 89% of 2019 levels and export
          revenues from tourism rose to 96% of 2019
          levels. Direct tourism GDP reached the
          same levels as in 2019.
              UN Tourism’s projection for 2024
          points to a full recovery of international
          tourism with arrivals growing 2% above
          2019 levels.
              The Middle East saw the strongest
          relative growth, with international arrivals
          exceeding pre-pandemic levels by 36%
          in Q1 2024, or 4% above Q1 2023. This
          follows an extraordinary performance in   recovered 95%.             Receipts
          2023, when the Middle East became the   According to available data, many   International tourism receipts reached
          first world region to recover pre-pandemic   destinations across the world continued   US$1.5 trillion in 2023, meaning a
          numbers (+22%).                   to achieve strong results in Q1 2024,   complete recovery of pre-pandemic levels
              Europe, the world’s largest destination   including Qatar (+177% versus Q1 2019),   in nominal terms, but 97% in real terms,
          region, exceeded pre-pandemic levels in   Albania (+121%), Saudi Arabia (+98%),   adjusting for inflation.
          a quarter for the first time (+1% from Q1   El Salvador (+90%), Tanzania (+53%),   By regions, Europe generated the
          2019). The region recorded 120 million   Curaçao (+45%), Serbia (+43%), Turks and   highest receipts in 2023, with destinations
          international tourists in the first three   Caicos (+42%), Guatemala (+41%) and   earning US$660 billion, exceeding pre-
          months of the year, backed by robust intra-  Bulgaria (+38%).        pandemic levels by 7% in real terms.
          regional demand.                      The robust performance of      Receipts in the Middle East climbed 33%
              Africa welcomed 5% more arrivals in   international tourism can also be seen in   above 2019 levels. The Americas recovered
          the first quarter of 2024 than in Q1 2019,   the UN Tourism Confidence Index which   96% of its pre-pandemic earnings in 2023
          and 13% more than in Q1 2023.     reached 130 points (on a scale of 0 to 200)   and Africa 95%. Asia and the Pacific
              The Americas practically recovered   for the period January-April, above the   earned 78% of its pre-crisis receipts, a
          pre-pandemic numbers this first quarter,   expectations (122) expressed for this period   remarkable result when compared to its
          with arrivals reaching 99% of 2019 levels.  in mid-January.          65% recovery in arrivals last year.
              International tourism is experiencing
          a rapid recovery in Asia and the Pacific
          where arrivals reached 82% of pre-
          pandemic levels in Q1 2024, after         Editor/Publisher: Lois R. Pasternak
          recovering 65% in the year 2023.          In Memoriam: Paul A. Pasternak
                                                    Executive Editor: Michael Pasternak
              By sub-regions, North Africa saw the   Editorial Contributors: John Gallagher
          strongest performance in Q1 2024 with     Production Coordinator & Designer: Chris Hetzer
          23% more international arrivals than before   Design and Production: It’s About Time, Inc.
          the pandemic, followed by Central America   Webmaster: Michael Pasternak
          (+15%), the Caribbean and Western Europe   Printing by The Printer’s Printer. Ft. Lauderdale, Florida
                                                    This publication is a special supplement of Travel Markets Insider, published
          (both +7%).                               by Pasternak Communications, Inc., 255 NE 3rd Ave No. 312, Delray Beach,
              Southern Mediterranean Europe         FL. 33444 USA. www.travelmarketsinsider.net
          exceeded pre-pandemic levels by 1%,       E-mail: editor@travelmarketsinsider.net
                                                    Tel (561) 908-2119
          while South America virtually reached     Travel Markets Insider is a weekly newsletter distributed 50 times a year
          2019 levels.  Northern Europe recovered   via e-mail, on a subscription basis only.
          98% of pre-pandemic levels, while Sub-    The annual subscription is US$200. Printed in the USA. All rights reserved.
                                                    © 2024 by Pasternak Communications, Inc.
          saharan Africa and North America both



          ASUTIL Special Issue June 2024                                     4



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