Booming travel industry a boon

| August 30, 2019

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Tourism is one of the fastest-growing industries in the world. According to the World Tourism and Travel Council, its contribution to the world economy was US$8.8 trillion in 2018, and it is set to multiply manifold in the future. The tourism sector has witnessed continued growth and deepening diversification, owing to sustained economic growth, higher disposable income, and digital penetration. The term ‘wanderlust’ has been etched into the minds of people, especially millennials, who prioritise experience over tangible goods. Millennial tourism trends like ‘bizcation’ and ‘digital nomads’ have accelerated the growth of technology disruptors in the industry. With the boom of social media and the proliferation of modern technology, early adoption is the key.

Spotlight

The Travel Authority

The Travel Authority, an ALTOUR company, is the largest American Express Travel Representative, offering personalized service and 24/7 support. Our experienced travel professionals offer their expertise to make your upcoming vacation the experience of a lifetime! Best yet, our size allows us the leverage to obtain the best deals for you on airline tickets, hotels, rental cars, cruises and vacation packages.

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Spotlight

The Travel Authority

The Travel Authority, an ALTOUR company, is the largest American Express Travel Representative, offering personalized service and 24/7 support. Our experienced travel professionals offer their expertise to make your upcoming vacation the experience of a lifetime! Best yet, our size allows us the leverage to obtain the best deals for you on airline tickets, hotels, rental cars, cruises and vacation packages.

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