FACTORS INFLUENCING THE GROWTH OF TRAVEL AND … · peace in the world which eases fears of travel....
Transcript of FACTORS INFLUENCING THE GROWTH OF TRAVEL AND … · peace in the world which eases fears of travel....
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FACTORS INFLUENCING THE
GROWTH OF TRAVEL AND TOURISM
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What do we mean ‘factors’
There are a number of our reasons for the huge
and steady increase in both the number of
people travelling, the number of trips you will
take in your lifetime and the variety of
experiences you will enjoy.
There are 7 reasons for this tremendous growth!
Let’s do this!
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1. DISPOSABLE INCOME
Disposable income is the $ money left over after
paying for all of life’s necessities. food clothing bills!
Why? More 2 income families
Why? People having fewer children
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2. AMOUNT OF LEISURE TIME
Growing aging population (baby boomers) kids are
grown up and have left and house is paid off. More
free time
Fewer companies now are giving 40 hr. work weeks.
Lots of “permanent” part-time jobs/flex hours
More weekend trips as a result
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3. TECHNOLOGY OF
TRANSPORTATION
Accessibility of the whole planet
Via jet it is possible to go anywhere in a
1 to 2 week trip!
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4. COST OF FUEL
Cost of jet fuel influences ticket prices
It also influences distances travelled by
car and RV
Example: if fuel goes up RV sales will go
down as retirees may decide to stay at
home. Also families may decide not to
drive to the East Coast for the big family
trip.
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5. PUBLIC EDUCATION
The desire to travel goes up with education. Curiosity is increased!
How? School,
Internet, YouTube
TLC, Discovery Channel, National Geographic Channel etc.
Travel Magazines
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6. POLITICAL STABILITY
We have experienced long periods of relative
peace in the world which eases fears of travel.
Recent terrorism has played a major role in
making security more onerous and time
consuming crossing borders, but safer as well.
Certain regions with conflicts lose tourism
revenue. (Afghanistan, Egypt)
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7. ECONOMIC PROSPERITY
General economic expansion of destination
areas. (Caribbean, Cancun, Asian resorts)
over the last 20 – 30 years.
“All inclusive” resorts have made it easy to get
away with minimal planning