Oil price slide to boost tourism, global economy: UNWTO
Sai Nikesh | The Dollar Business The United Nations World Tourism Organisation (UNWTO), in its latest report announced that the international tourism, with a growth of about 3% to 4%, will contribute to the global economic recovery in 2015. According to a region-wise positive outlook for 2015 (confirmed by UNWTO Confidence Index), the growth is expected to be stronger in Asia & Pacific and the Americas, both above 4% to 5%, followed by Europe (above 3% to 4%), Africa (above 3% to 5%) and the Middle East (above 2% to 5%). UNWTO Secretary-General Taleb Rifai says, “The decline of oil prices, not seen since 2009, will lower transport costs and boost economic growth in 2015, by lifting purchasing power and private demand ...
