Study: Young tourists accounted for $217B in travel spending in 2012

10/8/2013 | Forbes

A study by the World Youth Student and Educational Travel Confederation found that spending by young travelers rose to $217 billion worldwide. "With young people traveling further, staying away for longer, spending more, keeping in touch more and integrating with overseas communities on a scale not seen before, the industry is becoming far broader than ever before," said David Chapman, director general for the WYSE Travel Confederation. There was a significant decline in travel for leisure purposes, from 75% in 2007 to 47% in 2012, as more young people turn to travel for employment opportunities.

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