The European Union continues to be a major player in international travel. In 2007, EU residents spent €94.2bn outside the EU (compared to €87.7bn in 2006 and €84.8bn in 2005), making it by far the biggest spender in the world. In terms of travel receipts the EU is second only to the USA, having earned €75.6bn in 2007 (€72.3bn in 2006 and €65.7bn in 2005). As a result, the EU record…