Tourism Industries International Travel and Forecast for the US -- Chart 17
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Focussing on the overseas regions, we estimate overseas arrivals to increase by 10 percent between 1998 and 2001 to nearly 27 million. We look for moderate growth from Europe based on the strong growth from the UK and continued moderate growth from Italy, France and the Netherlands.

Our forecast in June, 1998 was very bullish for travel from Latin American countries. Demand was high, outbound travel was growing in popularity for a number of reasons, and while we were particularly susceptible to uncertainties of politics and global economics, we looked to South America to provide the impetus for growth. However, the changes of the last six months and the economic outlook for the next three years have caused us to reappraise our bullish stance and lower our expectations for South and Central America to more in the 4-5 percent range, still remaining strong growth markets.

We don't foresee full recovery from Asia until after 2001.

Oceania, primarily Australia, and the Caribbean should experience double digit growth by the end of the forecast period while Africa is expected to grow by a third to top the quarter of a million mark for arrivals by 2001.
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Chart 17 - Overseas Regional forecast

Overseas Regional forecast

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