Denmark Travel & Tourism Market Revenue

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Denmark Travel Tourism Market Revenue
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The Danish inbound tourism market has hardly
registered any growth over the last few years due
to a lack of competitiveness compared to its
neighbors. However, Canadean expects
international arrivals to grow at a CAGR of 4.7
during 2015-2019, partly driven by promotional
efforts being made to attract tourists from
unconventional markets such as China and South
Korea. Furthermore, Value Added Tax (VAT) has
been 100 exempt on hotel stays for business
events such as conferences, meetings, and
seminars since January 2015.
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There was minimal growth in domestic tourism
during the historic period (2009-2014),
increasing from 23.7 million in 2009 to 24.8
million in 2014. There was also slow growth in
inbound tourism due to high prices (30 higher
when compared to its neighbor Germany) despite
facilities (such as accommodation, food, and
museum entry fees) not being on par. According to
the competitiveness report by World Economic
Forum (WEF) on Travel Tourism, released in May
2015, Denmark has been ranked twenty-seventh for
tourism, which is drastically lower than its
sixteenth rank in the 2011 index. However,
appreciable growth was registered for outbound
trips, increasing from 6.2 million in 2009 to 8.4
million in 2014. The hosting of international
sports events such as the European Badminton
Championships in 2017 and the Men's Handball
World Cup tournament in 2019 is expected to
benefit inbound tourism. The Danish Government is
planning to promote coastal tourism in Denmark,
encouraging development on protected shores at
the commercial level. It allocated DKK20 million
(US3.6 million) in 2014 to develop tourism in
nature areas and along the coasts  
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Several new flights on international routes have
been announced by carriers from Copenhagen. The
low cost carrier, Norwegian Air Shuttle
(Norwegian), plans to launch flights on seven new
long routes for budget business and leisure
travelers. Similarly, Scandinavian Airlines (SAS)
also plans to operate flights to Boston to
fulfill the demand created by the business
segment of Danish air passengers. New routes were
also launched to Los Angeles and Miami as Danish
tourists are willing to travel to these
destinations looking for sun and warmth
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For more information on the research report,
refer to below link https//www.kenresearch.com/m
edia-and-entertainment/tourism/travel-tourism-in-d
enmark-2019/3708-94.html Related Reports Travel
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