Cross-Border travel to grow over 50pc by 2030: WEF

News Image

MG News | January 23, 2018 at 03:26 PM GMT+05:00

0:00

The cross-border travel, as indicated by forecasts, would grow by 50 percent over the next decade and reach 1.8 billion international arrivals by 2030, says World Economic Forum (WEF) report.

“ This increase presents an opportunity for the aviation, travel and tourism industry to further harness the economic benefits it contributes to GDP and job creation globally,” said WEF report titled “The Known Traveler Unlocking the potential of digital identity for secure and Seamless Travel.”

The report says that to take full advantage of the economic opportunities this increase in demand generates, stakeholders must confront pressures on the traveler journey, particularly the increased risk and related security requirements, as well as the limited growth capacity of travel- and border-related infrastructure.

Experts suggest that the monetary and economic costs of the current aviation security system would reach unsustainable levels in the coming decades, it added.

Digital innovations in travel security coupled with multi-stakeholder collaboration would unlock solutions to the challenges of today

Traditionally, people have considered passenger facilitation and ensuring border security to be mutually exclusive, it said adding that as presented in the 2017 report on Digital Borders: Enabling a secure, seamless and personalized journey, incorporating new technologies into the process would dramatically reshape how the industry and governments manage the secure cross-border movement of people.

To do this, a cohesive vision for the future of security in travel must include user-centricity, digitization and trustful cooperation, it added.

Related News

Name Price/Vol %Chg/NChg
KSE100 148,617.78
624.60M
0.86%
1274.27
ALLSHR 91,685.08
1,340.28M
0.74%
669.39
KSE30 45,247.79
197.43M
0.83%
370.74
KMI30 212,370.79
224.51M
1.05%
2209.48
KMIALLSHR 61,227.89
711.87M
1.18%
715.56
BKTi 41,264.02
160.39M
0.54%
221.73
OGTi 30,019.10
23.63M
0.64%
190.41
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,265.00 0.00
0.00
-510.00
-0.47%
BRENT CRUDE 67.46 67.94
67.29
-0.52
-0.76%
RICHARDS BAY COAL MONTHLY 88.70 88.70
88.70
-0.75
-0.84%
ROTTERDAM COAL MONTHLY 96.15 96.75
96.00
-0.40
-0.41%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 64.01 0.00
0.00
0.00
0.00%
SUGAR #11 WORLD 16.34 16.52
16.33
-0.14
-0.85%

Chart of the Day


Latest News
August 31, 2025 at 07:00 PM GMT+05:00

Weekly Market Roundup


August 30, 2025 at 04:28 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


August 29, 2025 at 06:04 PM GMT+05:00

SCRA inflows offset Rs8.5bn net selling



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg