A strong economy, rising global consumer purchasing power, and digital innovation have all fueled record growth in the travel and hospitality industry. But there are still several challenges that could throw the industry off course in 2019. What are the biggest trends likely to shape hospitality, airlines, cruises, and ground transportation in the year ahead?
UNWTOs long term forecast issued in 2010 indicated the 1.4 billion mark would be reached in 2020, yet the remarkable growth of international arrivals in recent years has brought it two years ahead.
Travel to and within the U.S. grew 3.6 percent year-over-year in December, according to the U.S. Travel Associations latest Travel Trends Index (TTI) - marking the industry's 108th straight month of overall expansion.
The global economy is currently confronted with considerable uncertainty factors, but the importance of business travel still seems to be increasing.