The travel industry is one of the largest services industries in the world. And with the modernization and increased interconnectedness of the planet, it’s an industry that’s continuing to see growth.
The travel industry includes services related to a person’s travel from one place to the next. It also deals with consumers’ wants and needs after they have arrived at their destination. In general terms, this industry can be broken down into 4 categories: transportation, accommodation, food and beverage, and entertainment. Each acts as its own industry, and when combined together make up the larger sector that is the travel industry.
The consumer tendency towards spending and instant gratification along with developing technology creating new trends are fantastic for the travel industry. With a global economy that trends upward, the desire for and opportunity for travel is great than ever.