Home' Trinidad and Tobago Guardian : May 22nd 2014 Contents BG14 | TRAVEL
BUSINESS GUARDIAN www.guardian.co.tt MAY 2014 • WEEK FOUR
This will not make flyers very happy.
US domestic airlines raked in $3.35 billion in baggage
fees last year, according to statistics released by the
Bureau of Transportation.
While that s down four per cent from 2012 s total
for baggage fees, it nonetheless represents more than
a quarter of the airlines total profit in 2013; which
certainly explains why you re paying for that second,
third and fourth bag, and why anything over 50
pounds also earns you a fee.
Ancillary fees have become a huge part of the air-
lines bottom line, so much so that baggage fees alone
are up 89 per cent from what they were just four
years ago, according to Marketwatch.
Leading the way this year was Delta Air Lines,
which took in US$833 million in baggage fees. Here s
a quick look at the top five:
1) Delta -- US$833 million
2) United -- US$624 million
3) US Airways -- US$527 million
4) American -- US$505 million
5) Spirit -- US$211 million
The fees won t be going away anytime soon, either.
Frontier Airlines announced recently it would begin
charging for carry-on bags.
(Caribbean News Digital)
Total export earnings gen-
erated by international
tourism in 2013 reached
US$1.4 trillion. Receipts
earned by destinations
from international visi-
tors grew by five per cent
to reach US$1,159 billion,
while an additional US$218 billion was earned
by international passenger transport.
According to the latest UNWTO World
Tourism Barometer, receipts in destinations
worldwide from expenditure by international
visitors on accommodation, food and drink,
entertainment, shopping and other services
and goods, reached an estimated US$1,159
billion (euro 873 billion) in 2013. Growth
exceeded the long-term trend, reaching five
per cent in real terms (taking into account
exchange rate fluctuations and inflation). The
growth rate in receipts matched the increase
in international tourist arrivals, also up by five
per cent, reaching 1,087 million in 2013, from
1,035 million in 2012.
"These are very positive results as growth
in international tourists last year was equal
to growth in income generated by over one
billion tourists that travelled the world in 2013,
for business, leisure, visiting friends and rel-
atives or other purposes. Such results confirm
the increasingly important role of the tourism
sector in stimulating economic growth and
contributing to international trade," said
UNWTO secretary-general, Taleb Rifai.
"These results show that it is time to position
tourism higher in the trade agenda so as to
maximise its capacity to promote trade and
regional integration," he added.
Apart from receipts in destinations (the
travel credit item in the balance of payments),
tourism also generates export earnings through
international passenger transport services
(rendered to non-residents). The latter
amounted to an estimated US$218 billion in
2013, bringing total receipts generated by inter-
national tourism to US$1.4 trillion, or US$3.8
billion a day, on average.
International tourism (travel and passenger
transport) accounts for 29 per cent of the
world s exports of services and six per cent
of overall exports of goods and services. As
a worldwide export category, tourism ranks
fifth after fuels, chemicals, food and automotive
products, while ranking first in many devel-
In absolute terms, receipts in destinations
around the world increased by US$81 billion
(euro 34 billion, comparatively less due to the
EXPRESSION OF INTEREST
depreciation of the dollar) from US$1,078 billion (euro
839 billion) in 2012.
Europe, which accounts for 42 per cent of all inter-
national tourism receipts, saw the biggest growth in
2013: up US$35 billion to US$489 billion (euro 368
billion). Destinations in Asia and the Pacific (accounting
for 31 per cent of all tourism receipts) increased earnings
by US$30 billion to US$359 billion (euro 270 billion).
In the Americas (20 per cent share), receipts increased
by US$16 billion to a total of US$229 billion (euro 173
billion). In the Middle East (four per cent share) total
tourism receipts are estimated at US$47 billion (euro
36 billion) and in Africa (three per cent share) at US$34
billion (euro 26 billion).
In relative terms, Asia and the Pacific (+8 per cent)
recorded the largest increase in receipts, followed by
the Americas(+6 per cent) and Europe (+4 per cent).
Among the top ten tourism destinations by receipts,
Asian destinations Thailand (+23 per cent), Hong Kong
(China) and Macao (China) (both +18 per cent) saw
strong growth, while the United Kingdom (+13 per cent)
and the United States (+11 per cent) also posted dou-
ble-digit increases. Receipts in Spain, France, China,
Italy and Germany grew between one per cent and five
The emerging economies of China, Russia and Brazil
have been dynamic drivers of outbound tourism in
recent years. In 2013, these three source markets account-
ed for some US$40 billion of the total US$81 billion
increase in international tourism expenditure.
China, which became the largest outbound market
in 2012 with an expenditure of US$102 billion, saw an
increase of 26 per cent in spending last year to a total
of US$129 billion. The Russian Federation became the
fourth largest outbound market in 2013, following a 25
per cent growth to US$54 billion. Brazil entered the top
ten by expenditure at tenth place, on the back of a 13
per cent increase to US$25 billion.
The performance of key advanced economy source
markets was comparatively more modest, with the
exception of Australia, which spent nine per cent more.
France (+5 per cent) recovered from a weak 2012, whereas
the United States, Germany, the United Kingdom, and
Canada all increased expenditure by between two per
cent and four per cent.
(Caribbean News Digital)
International tourism generates
US$1.4 trillion in export earnings
US airlines raked in US$3.3bn
in baggage fees last year
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