The rise and confidence in tourism and how a group of industry professionals can help today
Despite some concerns related to the U.S. – China trade and its uncertainty with the near-time outlook, we experience recent reports of a new rise and confidence in tourism.
In the U.S. we have seen GDP growth in the first quarter of 2019 and that the economy continues to outperform expectations.
UNWTO World Tourism Barometer from the World Tourism Organization shows that international tourism continued to grow over the first quarter of 2019. Though at a slower rate when compared with the last two years, the 4% increase registered in early 2019 is a very positive sign. The Middle East (+8%) and Asia and the Pacific (+6%) experienced the highest increase in international arrivals. Numbers in both Europe and Africa were up by 4%, and in the Americas, growth was recorded at 3%.
U.S. Travel trends indicate that travel employment continues to trend upward with 8,600 jobs in April 2019.
UNWTO reports that the confidence in global tourism gives an optimistic outlook for peak seasons for many destinations in the Northern hemisphere.
And overall tourism performance in the first quarter was also rather positive.
UNWTO forecasts growth of 3% to 4% in international tourist arrivals in 2019.
Looking data from U.S. Travel trends it reflects some shifts in 2020.
While some groups will remain strong, including older, mature travelers and higher-income travelers, middle-class families, small businesses and corporate and association group segments will begin to slow over the next two years.
As a result, travelers will shift to shorter, more frequent trips and spend less, causing hotels and airlines to drop rates and fares. Online travel agencies and other third parties tend to gain in tight economies, as was the case after the 2008 recession. (Source: U.S. Travel Association)
We see trends towards travelers are seeking customer experiences and high-value opportunities to have a meaningful impact on communities, explore under-the-radar cities and sights and incorporate self-care and the pursuit of wellness into vacations, and many are even considering space as the next vacation destination.
To take on both these challenges and opportunities BUZZ.travel has built a global B2B network of travel/tourism industry professionals and travel industry partners that serves the full spectrum of the travel industry.
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