The Tourism industry is experiencing steady growth as both domestic and international travel have increased over the past five years. Increasing corporate profit also led to far more business trips, which has contributed to consistent rises in industry revenue. Moreover, the industry is expected to continue moving steadily ahead over the next five years as increased travel rates and the corresponding rise in travel spending bolster industry performance.
Tourism is defined as visitors spending during travel primarily for business, convention or conference travel, government business, and the more familiar tourism for leisure, vacation or to visit friends and relatives. Major industries that benefit from tourism expenditure include domestic and international air transportation, accommodation services, food services, drinking places, automotive rental and travel agencies.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.