Developing World Leads Global Tourism Growth
MARCH 10, 2008. International tourist arrivals exceeded 6% growth in 2007 on the back of strong global economic growth, according to the UN World Tourism Organization (UNWTO). Developing countries' arrivals grew by 8%.
UNWTO believes "sustainable tourism can play a major role in helping to achieve the UN Millennium Development Goals, in two-way world services trade and in responding positively to climate change imperatives."
The market share of developing countries has grown to 40% of worldwide international arrivals - up from 34% in 2000.
Worldwide international tourist arrivals increased to 898 million - an overall 32% increase and an average 4% growth a year since 2000.
Developing countries' international tourist arrivals increased to 360 million - an overall 54% increase and an average 6% growth a year since 2000.
The 50 least developed countries' international tourist arrivals increased to 13 million - an overall 110% increase and an average 11% growth a year since 2000.
Governments have become more aware of the possibilities opened by tourism for development and job creation, says the UNWTO.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
