FACTORS INFLUENCING THE

GROWTH OF TRAVEL AND TOURISM

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!

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

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

3. TECHNOLOGY OF

TRANSPORTATION

Accessibility of the whole planet

Via jet it is possible to go anywhere in a

1 to 2 week trip!

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.

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

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)

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