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 only, today people have become comfortable buying things such as cars, homes, and of course travel, online. Consumers use the Internet to become better informed, save time, and save money and booking of travel online is perhaps 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 online consumers are using the Internet to do at least half of all their travel booking.
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 only, today people have become comfortable buying things such as cars, homes, and of course travel, online. Consumers use the Internet to become better informed, save time, and save money and booking of travel online is perhaps 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 online consumers are using the Internet to do at least half of all their travel booking.
TREND TWO:
Baby boomers - the generation born between 1946 and 1964 - have a huge 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.
Baby boomers - the generation born between 1946 and 1964 - have a huge 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 FOUR:
Statistics show that small and home-based businesses are the fastest growing segments of the U.S. 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 the ages of 25 and 44 said they wanted to have their own business, but they just 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 businesses as a high performance vehicle that can take them into the future along with big time earnings and tax advantages.
Statistics show that small and home-based businesses are the fastest growing segments of the U.S. 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 the ages of 25 and 44 said they wanted to have their own business, but they just 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 businesses as a high performance vehicle that can take them into the future along with big time earnings and tax advantages.
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 U.S. alone and almost $7 trillion worldwide, making it the fastest growing industry in the world. It is 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 almost 11 percent of all consumer spending worldwide. Travel spending alone averages $1.4 billion PER DAY; that's $59 million per hour.
STATISTICS AND TRENDS ....
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.
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.
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