DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Outbound Tourism Spending Habits in Top 10 Countries" report to their offering.
The report "Outbound Tourism Spending Habits in Top 10 Countries" provides detailed information on the top 10 outbound tourism markets globally. This report analyzes market data and provides a better understanding of tourism flows and tourist expenditure.
The US retained its spot as the largest outbound tourism market in terms of expenditure in 2016. However, the average expenditure per outbound trip is highest in Australia. This can be attributed to their very high average length of stay per trip (21 nights in 2016 compared to 17 nights of US outbound tourists).
The appreciation of the dollar against other major currencies (such as Euro, Canadian dollar) made outbound travel relatively inexpensive encouraging US tourists to take more foreign trips. However, the strengthening of the dollar in recent years did not translate into increased average spending.
This could be because of a growing number of low-cost carriers (example: Norwegian and Scoot) on transatlantic routes, lowering transportation costs.
Key Topics Covered:
- Top 10 highest outbound tourism expenditures in 2016
- US - Strong dollar driving the growth of US outbound travel
- China - Chinese trips to Japan, Thailand post strong growth in 2016
- Germany - German trips to France unaffected despite terror attacks
- UK - UK tourists looking for safer holiday destinations
- France - French trips to Greece increase
- Japan - Japanese trips to South Korea rebound in 2016
- Italy - Italian trips within Europe receive boost with growing presence of LCCs
- Canada - Canada's trips to the US plunge due to weak currency
- Spain - Spain's outbound tourism growth slows in 2016
- Australia - Australians flock to Japan as yen depreciates
- Market Data
For more information about this report visit https://www.researchandmarkets.com/research/2j4rzf/outbound_tourism