“This is a great piece of news who are interested in the future of the tourism industry and for the Travellers why are you interested in a new travel destination.”
The travel and tourism industry is one of the largest industries in the world which contributes major profit to the global economy. Around 10% of all jobs in the world are supported in some way by the tourism industry. By 2028 the travel and tourism industry is projected to support over 400 million jobs globally.
Today people are more interested to travel and visit a different land like Asia-pacific, Africa and the Middle-east gained popularity compared to Europe; people wanted to experience a new culture and tradition to ease their soul and mind in a rustic ambience. It is observed that there is a probability that one-fifth of the global population is going on vacation!
After the end of the coronavirus pandemic, the travel and tourism industry expects a lot of tourists will go for a vacation. According to the latest data, there are new world’s emerging markets for tourism like China, Brazil, Russia and India are the biggest growth economies in terms of overall spending and number of trips taken after the pandemic situation.
However other emerging markets predicted to play an important role in the future are the Asia- Pacific, Africa and the Middle East, as both sources of and destination for tourism. Outbound tourism from the Asia-Pacific region is expected to account for 54 % of all growth worldwide over the next decade.
Tourism is going to become more diverse over the next decade with the Chinese and Indian markets, in particular, playing an increasingly important role in the global industry.