TREND ONE: Travel is an industry that is just realizing its remarkable potential in the marketplace. The industry pulls approximately $1.3 Trillion annually in the USA and almost $7 Trillion worldwide, making it the fastest growing industry in the world. It's growing 23% faster than the Global Economy. With such growth, a boom is on the horizon. In fact, travel is expected to double to $14 Trillion worldwide in the next 10 years. Of that economy, tourism accounts for 11% of all consumer spending worldwide. Travel spending alone averages $1.4 Billion PER DAY; that's $59 Million per hour.
TREND TWO: Baby Boomers! The generation born between 1946 and 1964 have an effect on trends and opportunity and will have a huge effect on the travel industry. There are nearly one billion baby boomers worldwide and the first of them are turning 60. These 60-year-olds are facing retirement, which occurs at a rate of one person every eight seconds, or 10,000 per day for the next 20 years. And, what will these newly retired baby boomers do when they retire? TRAVEL, of course.
TREND THREE: Every three seconds a new person goes online. Consumers are already spending billions on the internet and travel is the fastest-growing segment of that trend. While five years ago people primarily made small purchases, today, people have become comfortable buying things such as cars, houses and of course, travel . . . all online. Consumers use the internet to become better informed, save time, and save money. The booking of travel online is probably the most successful niche of all the world's e-commerce efforts. Use of the internet to book travel continues to increase, with more than 80 million Americans booking online travel each year. The majority (83%) of all consumers are using the internet to do at least half of all their travel bookings.
TREND FOUR: Statistics show that small and home-based businesses are the fastest growing segments of the US economy. Home-based travel sellers are the fastest growing segment of the travel agency community. Statistics say that 74% of all individuals who have acquired huge wealth have done it by being self-employed business owners. When surveyed, 96% of people between ages of 25-44 said they wanted to have their own business, but they didn't know how to get started! With large and mid-sized companies downsizing and outsourcing, corporate America offers little promise for job security. That's why people are turning to home-based businessess as a high performance vehicle that can take them into the future along with big time earnings and advantages.
TREND TWO: Baby Boomers! The generation born between 1946 and 1964 have an effect on trends and opportunity and will have a huge effect on the travel industry. There are nearly one billion baby boomers worldwide and the first of them are turning 60. These 60-year-olds are facing retirement, which occurs at a rate of one person every eight seconds, or 10,000 per day for the next 20 years. And, what will these newly retired baby boomers do when they retire? TRAVEL, of course.
TREND THREE: Every three seconds a new person goes online. Consumers are already spending billions on the internet and travel is the fastest-growing segment of that trend. While five years ago people primarily made small purchases, today, people have become comfortable buying things such as cars, houses and of course, travel . . . all online. Consumers use the internet to become better informed, save time, and save money. The booking of travel online is probably the most successful niche of all the world's e-commerce efforts. Use of the internet to book travel continues to increase, with more than 80 million Americans booking online travel each year. The majority (83%) of all consumers are using the internet to do at least half of all their travel bookings.
TREND FOUR: Statistics show that small and home-based businesses are the fastest growing segments of the US economy. Home-based travel sellers are the fastest growing segment of the travel agency community. Statistics say that 74% of all individuals who have acquired huge wealth have done it by being self-employed business owners. When surveyed, 96% of people between ages of 25-44 said they wanted to have their own business, but they didn't know how to get started! With large and mid-sized companies downsizing and outsourcing, corporate America offers little promise for job security. That's why people are turning to home-based businessess as a high performance vehicle that can take them into the future along with big time earnings and advantages.
Travel Industry Trends and Statistics
That Will Blow You Away!
That Will Blow You Away!
Statistics from Travel Weekly Magazine:
Fact: In 2006, 7 Trillion Dollars was spent on Travel.
It's outpacing the Global Economy by 23% annually!
Travel is anticipated to reach $14 Trillion annually
by the end of this decade.
* 2001 - 10 Million Travelers Booked Online
* 2004 - Just 3 Years Later, it was Nearly 100 Million
* 2006 - Online Travel Bookings Exceed 85 BILLION!!!!!
* 70% of all Travel is Now Booked Online
Fact: In 2006, 7 Trillion Dollars was spent on Travel.
It's outpacing the Global Economy by 23% annually!
Travel is anticipated to reach $14 Trillion annually
by the end of this decade.
* 2001 - 10 Million Travelers Booked Online
* 2004 - Just 3 Years Later, it was Nearly 100 Million
* 2006 - Online Travel Bookings Exceed 85 BILLION!!!!!
* 70% of all Travel is Now Booked Online
Peter Myers Team Platinum, Global Resorts Network GRN Team Leaders,
Trainers, Mentors, Life-Changers
Toll Free 1(800) 935-3280 Cell (916) 955-1148
pmyers@globalresortsfacts.com Fax 1(866) 233-8792
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