Worldwide travel for recreational, leisure, or business purposes is on the increase. It is an important economic factor.
In 2015 European nations occupied three of the world's top five places in destinations.Germany has the largest outbound tourist trade in the world, with Germans spending about €80 billion (89 billion $) annually to travel abroad (the United States is second), in spite of Germany being fourth in world in GDP and fourteenth in population. Germany also has the eighth largest inbound tourist trade, with receipts of around €24 billion.
Portugal is booming as a tourist destination, bringing in much needed revenue. But in the capital, Lisbon, locals are starting to feel the downside of mass tourism. In the space of just three years, rents have increased dramatically. And some landlords who want to rent property to tourists are forcing out their tenants. Hagar Jobse reports from Lisbon.
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With its historic buildings, welcoming atmosphere, and beautiful beaches, its no surprise that Spain is the third most visited destination in the world. But yesterday, terrorism struck. Despite reassurances from authorities that precautions are in place, visitors may choose to stay home, and its the travel and tourism industry can end up suffering.