Thursday 10 March 2011

Optimism for Growth in the Holiday and Travel Industry

The World Travel and Tourism Council (WTTC) have announced that they expect the tourism industry to be one of the sectors to grow the fastest. They based this comment on Economic Impact Research which predicted trends for 2011 – 2021.

It showed that tourism could be a great way to spur on economic growth in the world but the WTTC  president explained that this would need to be supported by governments. He went on to explain that to make full use of the market out there the policy makers would need to make sure they encouraged visitors in to their country.

It is felt that this growth will be started in countries such as China and India where living standards are improving making these countries enter the tourism market. Economic problems may cause difficulties in the tourist trade but if responsibly handled by the government it could really help to support and push this growing area. Doing things like reducing barriers for travel, such as better visa systems, less tax on the travel industry and good security measures, could really help things.

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