Up and down

Business Spotlight - - ISRAEL / US - Sources: Fi­nan­cial Times; In­ter­na­tional Trans­port Fo­rum (www.itf-oecd.org) Sources: The Wall Street Jour­nal; United Na­tions World Tourism Or­ga­ni­za­tion (www2.unwto.org)

In­ter­na­tional tourist ar­rivals rose to 1.3 bil­lion in 2017, up from 674 mil­lion in 2000 and 278 mil­lion in 1980. Since 2008, 80 per cent of the growth in global tourism spend­ing has come from Chi­nese vis­i­tors, ac­cord­ing to the UN. Ac­cord­ing to a truck­ing in­dus­try re­port from 2017, au­to­mated trucks could re­duce the de­mand for driv­ers in the US and Europe by 50 to 70 per cent. This would mean that pro­fes­sional truck­ing jobs in those two re­gions would fall from 6.4 mil­lion to about two mil­lion.

Newspapers in English

Newspapers from Austria

© PressReader. All rights reserved.