Amadeus has commissioned a study to explore the trends shaping the future of travel, specifically focused on the challenges and opportunities facing airlines and agents. The report looks at potential new revenue opportunities and drivers of profitability, new models driving future growth and changing traveler tastes and preferences.
Key findings and insights include:
1. The global travel industry is making an uneven recovery from the recession. 2010 has seen a return to growth with global arrivals increasing 5.6% in the first six months of the year. However, Europe remains sluggish and there are lingering economic concerns. Hotspots remain Latin America and Asia-Pacific.
2. Asia will represent one third of travel spending by 2020 – up from 21% today. Macroeconomic modelling by Oxford Economics has suggested a dramatic realignment of travel spend over the next decade. Asia will account for nearly 22% of global arrivals by 2020 (up from 18% in 2008) and the region’s residents will account for 32% of travel spending by 2020.
Read the full story at: http://www.hotelmarketing.com/index.php/content/article/the_travel_gold_rush_2020/
