Today, we are proud to announce the launch of “Shaping the Future of Travel: Macro trends driving industry growth over the next decade,” a significant industry study written by Oxford Economics and commissioned by Amadeus, which forecasts travel to grow by 5.4 percent per year over the next 10 years, outpacing the global GDP.
Written by Andrew Tessler, Associate Director at Oxford Economics and a travel economist with more than 15 years’ experience, the study draws on detailed macro-economic modeling as well as qualitative interviews with industry experts, from companies like Orbtiz, Carlson Wagonlit Travel and FRHI Hotels & Resorts, to forecast a wide range of future trends, including pockets of growth and opportunity that will shape the next decade of travel.
“Forecasts predict a new golden era for travel, which will be welcome news for many segments of the industry that are only just beginning to emerge from recession,” said Holger Taubmann, SVP Distribution, Amadeus.
Key findings of the report include:
READ THE ORIGINAL ARTICLE: Amadeus releases “Shaping the Future of Travel” report | Amadeus North America blog.