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5.4% GROWTH IN THE GLOBAL TRAVEL INDUSTRY

5.4% GROWTH IN THE GLOBAL TRAVEL INDUSTRY

The travel company Amadeus was recently commissioned to carry out a study into future growth within the industry and the results have been published by Oxford Economics. Shaping the Future of Travel: Macro Trends Driving Industry Growth Until 2023, as the title suggests, it is a report on the factors that will contribute to growth in the global travel industry and the issues faced. The key finding is that growth is estimated at an impressive 5.4% a year. This would be faster than world GDP, which is only predicted to be 3.4% over the same ten year period, and in line with global trade flows of 5.8%.

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