The
global travel industry is poised for a period of sustained growth over
the next decade, driven in part by China’s share of global outbound
travel reaching as much as 20% by 2023, a new report on global travel
trends revealed..Shaping the Future of Travel: Macro trends driving industry growth over the next decade predicts an optimistic macro-economic outlook for global travel over the next 10 years, with the industry projected to outstrip global GDP by some 2%; growing 5.4% per annum. Moreover, global travel is now set to grow at a significantly faster rate than during the financial crisis, where growth was just 4.1% per annum.
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