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Research and Markets: Travel and Tourism in France, Key Trends and Opportunities to 2016

According to the Travel and Tourism Competitive Index, France was ranked the third most attractive destination in the world to develop travel and tourism business in 2011. The French travel and tourism sector accounted for 3.6% of the nation's GDP in 2011, and 4.2% of the country's total employment. France ImmigrationThe total tourist volume in France, including inbound, domestic and outbound, declined during the review period (2007-2011). The main reasons for this decline include stagnated economic growth, job losses, significant reductions in corporate travel budgets and rising fuel prices. However, tourist volume registered positive growth in 2011, due to a rebound in the global economy, which led to an increase in inbound arrivals. Since the 1990s, France has continued to be the world's leading tourist destination and in 2011, the country registered over 79 million international arrivals Key Highlights - Total tourist volume in France, including inbound, domestic and outbound, declined at a compound annual growth rate (CAGR) of -1.58% during the review period (2007-2011). The main reasons for this decline include stagnated economic growth, job losses, significant reductions in corporate travel budgets and rising fuel prices. However, tourist volume registered positive growth in 2011, due to a rebound in the global economy, which led to an increase in inbound arrivals. - Since the 1990s, France has continued to be the world's leading tourist destination and in 2011, the country registered over 79 million international arrivals. - Tourism revenues reached US$45 billion in 2011, which is the third-largest income generated from tourism globally after the US and Spain. - Paris is the leading city for MICE tourism in the world representing a 3% share of the market. Every year around 400 conferences, 400 trade fairs and other events are held in Paris attracting 10 million visitors and 100,000 exhibiting enterprises, making it the leading centre for international conferences globally. - France is the fifth largest cruise market in Europe. Source: http://www.heraldonline.com/2013/07/03/4995896/research-and-markets-travel-and.html

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