European tourism set to soar over summer

By Charlotte Turner |

Data for the pre-summer period confirms ‘handsome growth’ for European tourism in 2014 and there is growing optimism that the upcoming peak-summer season will consolidate preliminary positive expectations, says the European Travel Commission (ETC).

 

The European Travel Commission’s (ETC) latest report “European Tourism 2014 – Trends & Prospects” points to persisting demand for European destinations from both intraregional and overseas markets.

 

The vast majority of ETC member countries reporting international tourism data through March-June show continued growth into 2014. Overnights persistently grow at a more moderate pace than arrivals, as demand for shorter breaks outside the main holiday season recovers.

 

Notable exceptions are Spain (+9% in arrivals and +12% in overnights) and Germany (+4% and +5% respectively). Iceland (+31%) leads the way among the fastest growing Nordic countries in terms of international arrivals, followed by Lithuania and Latvia (both +17%) in the Baltics and Serbia (+15%) in the Balkans. The unrelenting demand for European tourism consolidates the upward trend started after the global economic and financial crisis.

 

‘FAVOURABLE SIGNS FROM ITALY’

Established source markets from Western and Northern Europe are making a steady contribution to international tourism growth in both large and emerging destinations. “Favourable signs come from Italy, where rising optimism for an eventual economic recovery appears to have encouraged an increasing number of Italians to travel abroad during the first three months of 2014,” says ETC.

 

Similar dynamics can be observed in the French market, despite a persistently stagnating economy.

 

Travel from Russia remains strong, but demand is expected to soften towards the end of the year reflecting a worsened confidence of Russian consumers about their future economic situation.

 

An even more positive picture is emerging for travel from long-haul markets. Solid growth in the US economy, coupled with improved unemployment figures, brightens the outlook for 2014. In this market, Europe continues to consolidate its long-dominant share of overseas travellers, currently at just above 40%. Unexpected growth came from Japan, in line with positive signals from its economy.

 

“In an increasingly vibrant landscape, marked by new players, technological innovation and rapidly changing consumers, the need arises for European destinations to challenge the traditionally-held perceptions of Europe” said Eduardo Santander, Executive Director of ETC.

 

“In key long-haul markets, where the largest potential for growth is, the match is won by those who can truly inspire, excite and engage potential travellers to experience their destination”.

 

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