Economic Factors Affecting Tourismworld Tourism Trend 2018

From millennials drinking habits to the growing popularity of craft spirits to a robust consolidation environment we break down 10 trends that will affect the industry going forward.

Naypyidaw tourism. Family members of all ages including parents children and grandparents will be traveling to reconnect and create new memories together. Interestingly in 2017 a study carried out by the world travel and tourism council identified tourism as having an annual increase of 30 above the national economic growth rate. There will continue to be more options and inspiration for solo travelers next year but travel in 2018 will see a major spike in interest in multigenerational travel.

This approach was adopted to better understand the origins of the trends as well as provide further context as to how the trend may develop over time. Read 4 reasons why contactless payments are becoming popular within the travel industry for more information. From economic instability to security concerns to natural disasters theres been a lot to contend with yet the travel industry has managed to overcome every hurdle.

The strength of global tourism has been constantly tested in recent years with a number of factors threatening to derail a steady trend of growth. Solo travel was a major theme in 2017 especially solo female travel. There are a variety of tourism trends that are based on more general changes in consumer behaviour like the need for healthy and organic food drinks sustainability personalised service the rising demand of digitalisation and the use of.

Barriers to the tourism industry. Around 319 million people were working in this industry and the number grew to 330 million in 2019. All tourist centers must be easily accessible by various modes of transportation like roads railways air and water.

Spirits market is expected to grow 6 per year through 2022 promising ample opportunities for a broad range of industry players. For the trends 2018 document a multi layered approach was conducted to better understand and interpret the trends for the future. Four important socio economic factors that influence the development of tourism.

Covid 19 could set the global tourism industry back 20 years. The coronavirus pandemic has had a major impact on the global tourism industry with millions of jobs at risk and international tourism receipts set to drop to a 20 year low. The tourism sector is affected by several global and local trends as well as economic political and other factors.

General upcoming tourism trends. The contribution of the travel and tourism industry to the global gdp was 104 in 2018 and 103 or 89 trillion in 2019.