Agence France-Presse . Berlin

Global tourism is expected to be worth almost eight trillion dollars this year, up three per cent, as the economic outlook dims, World Travel and Tourism Council said Thursday.

In 2007, tourism spending grew 3.9 per cent but this year, US economic problems, high fuel prices and concern about climate change could temper growth, the WTTC said in a study presented at the Berlin tourism fair.

At the same time, tourism, which is widely believed to be the world’s largest single industry, ‘is expected to generate close to eight trillion dollars in 2008, rising to approximately 15 trillion dollars over the next ten years,’ the WTTC said.

‘Continued strong expansion in emerging countries — both as tourism destinations and as an increasing source of international visitors — means that the industry’s prospects remain bright into the medium-term,’ WTTC president Jean-Claude Baumgarten said in a statement.

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