Fastest-Growing Vacation Spots Around the World
If traveling were free, or at least more affordable, you’d be on a plane right now.
As millennials, who are the largest generation in the workforce, prefer cultural experience over material things, more people will travel and a lot of them will go to places that may not have been very popular. (And a lot will go to places that frankly don’t want any more tourists.)
Many of the world’s most visited countries are also the fastest-growing tourism destinations, as global travel becomes easier and a burgeoning middle class in countries such as China boost international travel.
But other under-the-radar hotspots, such as Georgia, are using marketing and the easing of visa requirements to attract more foreign visitors, some of whom will spend a lot of money.
Security concerns and political unrest may have negatively impacted tourism at some popular hotspots in recent years, but others were not affected. Fears over terrorism in some destinations, such as North Africa and Turkey, have caused Europeans to flock to western hotspots like Spain, fueling its record growth.
In order to determine the fastest-growing tourism destinations, 24/7 Wall St. analyzed data on international tourism and number of arrivals in 264 countries between 1995 and 2016 provided by the World Bank. Average growth rate in arrivals to each country over a 5-year period was used to determine the fastest growing destinations, and the total arrivals for 2016 were used to determine the most visited destination. Data on population composition and growth comes from the World Bank, and Gross Domestic Product and employment figures are from the International Monetary Fund (IMF), all for 2017.