World’s Largest Tourism Spenders: Statista Racing Bar Animation

World Tourism Day, celebrated annually on September 27, serves as a global recognition of the vital role that tourism plays in our world. The day was established and first observed by the United Nations World Tourism Organization (UNWTO) in 1980 to celebrate tourism’s social, cultural, political and economic value. Tourism not only has the power to foster understanding between nations and promote cultural exchange, but it is also an important driver of economic growth and development. Especially for smaller countries that aren’t rich in resources and don’t play a major role in global trade, tourism is often a key export sector, attracting foreign capital and creating wealth by fostering the domestic service sector, particularly in hospitality, transportation and entertainment. Over the past few decades, the world has seen a steep increase in international tourism, as the world has become more globalized and advances in transportation have increased mobility and brought down travel costs. Wealth