Madrid - The volatile world economy has begun affecting international tourism, bringing its growth to a standstill in the second half of 2008, the World Tourism Organization (UNWTO) said Tuesday.
Overall, tourist arrivals went up 2 per cent to 924 million in 2008, according to preliminary figures released by the UN agency at its headquarters in the Spanish capital of Madrid.
But that growth was based on good results from the first six months of 2008. In the second half of the year, the financial crisis, oil and commodity price rises, and exchange rate fluctuations made tourism decline by 1 per cent.