Words of Wisdom:

"sleep is not as important as work as we can go to sleep after our death" - Giaidieuxanh

Travel and Tourism in the Netherlands to 2017

  • Date Submitted: 09/29/2013 10:53 PM
  • Flesch-Kincaid Score: 49.9 
  • Words: 720
  • Essay Grade: no grades
  • Report this Essay
Travel and Tourism in the Netherlands to 2017

Inbound tourist volume in the Netherlands expanded at a CAGR of 3.20% over the last five years.

Aarkstore Enterprise (India), 28th September, 2013 : Tourist values in the Netherlands increased between 2008 and 2012 due to the country’s improved travel infrastructure and the availability of cheaper travel options. The country’s inbound tourist volume expanded at a CAGR of 3.20% over the last five years and is expected to record growth at a CAGR of 1.29% until, at least, 2017. However, the government’s expenditure on tourism was less than in neighboring countries at EUR32.4 billion, accounting for only 5.4% of the country’s GDP in 2012. Meanwhile, Germany, the UK and France spent EUR119.9 billion, GBP106.3 billion and EUR197.6 billion on tourism respectively. This low expenditure is expected to have an adverse impact on the country’s travel and tourism sector over the next five years.

As a result of the European debt crisis, the Dutch economy recorded slow growth in 2012. However, the economic outlook for 2013 suggests recovery with an expected GDP growth of 1.3% and 2.5% by 2014. The travel and tourism sector in the Netherlands is therefore expected to record moderate but consistent growth over the next five years.

Short holidays and cheaper foreign destinations are becoming more popular among Dutch tourists. While growth was recorded in the Dutch travel and tourism sector in the first half of 2011, economic uncertainty and a rise in unemployment rates, from 3.7% in 2009 to 4.4% in 2011, suppressed consumer confidence, resulting in a decline in the second half of 2011. The number of inbound tourists to the Netherlands increased over the last five years. Emerging economies such as Brazil, Russia, India and China contributed to this increasing volume.

According to the Internet World Stats report in 2012, the Netherlands had the highest proportion of households with access to the internet in Europe with...


Express your owns thoughts and ideas on this essay by writing a grade and/or critique.

  1. No comments