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Travel Industry Will Record 2.4 Billion International Trips by 2030

September 27, 2018 GMT

LONDON--(BUSINESS WIRE)--Sep 27, 2018--Market research company Euromonitor International released today new data on the future of the travel industry.

New research shows the travel industry is set to record strong growth with international arrivals reaching 2.4 billion by 2030, corresponding to USD 2.6 billion in incoming receipts. China, France and the US will be the main beneficiaries of international arrivals.

Nadejda Popova, travel industry manager at Euromonitor International comments, “Rising incomes and middle classes lead to growing confidence among consumers globally. Young and urban consumers are seeking out new travel experiences, driving travel and tourism trends along with more targeted services and products than ever.”

Euromonitor International’s new research shows that:

“Over the years, the ever-evolving and very dynamic travel industry has witnessed several disruptors shaking the status quo, making it hard to even picture the way it used to be. The sharing economy and digitalisation are bringing new business models with consumers becoming more sophisticated and demanding,” states Popova. “Providing a seamless travel experience is critical for competitive advantage, from the inspiration stage, through search and booking to in-destination services. Artificial Intelligence (AI), big data and cloud computing all help power the drive for personalised and frictionless travel experiences,” she concludes.

Euromonitor International’s analysts will introduce the ‘Megatrends Shaping the Future of Travel’ report at the World Travel Market (WTM) London on November 6, 2018.

Pre-register now to receive a free copy of the report: http://go.euromonitor.com/wtm2018-megatrends-shaping-the-future-of-travel.html

ABOUT EUROMONITOR INTERNATIONAL

Euromonitor International is the world’s leading provider for global business intelligence and strategic market analysis. We have more than 40 years of experience publishing international market reports, business reference books and online databases on consumer markets.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20180926005807/en/

CONTACT: Arianna Anzaloni

Communications Executive - Euromonitor International

Tel: 0044 (0) 20 7251 8024 EXT 5587

arianna.anzaloni@euromonitor.com

KEYWORD: UNITED KINGDOM UNITED STATES EUROPE ASIA PACIFIC NORTH AMERICA CHINA ILLINOIS FRANCE SINGAPORE

INDUSTRY KEYWORD: WOMEN OTHER CONSUMER TRAVEL CRUISE DESTINATIONS VACATION LODGING TRANSPORTATION OTHER TRAVEL SEARCH ENGINE MARKETING COMMUNICATIONS ADVERTISING MARKETING OTHER COMMUNICATIONS CONSUMER FAMILY MEN

SOURCE: Euromonitor International

Copyright Business Wire 2018.

PUB: 09/27/2018 02:04 AM/DISC: 09/27/2018 02:04 AM

http://www.businesswire.com/news/home/20180926005807/en

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