A Decade Of Growth Predicted For Global Travel

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A Decade Of Growth Predicted For Global Travel

A 2014 travel industry study written by Oxford Economics outlines that “The global travel industry is poised for a period of sustained growth over the next decade”.

More specifically, “the industry [is] projected to outstrip global GDP by some 2%; growing 5.4% per annum”. While this growth is predicted to be driven mainly by emerging markets such as Asia and the Middle East, Europe and the Americas are forecasted to trend positively over the same period.

An industry-wide positive trend is always good news, but leaves the players in the market with an important question to answer – which area or areas of the travel industry will be the major contributor(s) to the growth?

The tour operators and travel agents that are the fastest to arrive at the answer, and execute well on the need it presents, are likely to most successfully capitalise on this industry growth.

Lee Kelsall, CEO of a pioneering African travel company, Ker & Downey Africa, has placed his bet on Adventure Travel as the travel niche that he believes is most likely to be a major contributor to this growth, and with good reason: The 2013 Adventure Tourism Market Study “estimates the value of the global outbound adventure travel sector to be US$263 billion [2013], excluding airfare, up from US$89 billion [2009] first reported in the benchmark consumer study.” – Adventure Travel News

At the helm of an Adventure Travel company doubling in size year on year, Lee notes that “The trend toward Adventure Travel is clear to see in the statistics yes, but more than that the need for something deeper from travel became clear to us when speaking to our clients at the outset. When you take the time to understand why it is that people seek out the corners of the earth, you find that travel isn’t just about comfortable pillows and fine silverware.”

“People travel to find themselves, to push their boundaries and to create memories that last. We believe so strongly in this that we’ve invested heavily into the development of our Luxventure™ Experience category – our once-in-a-lifetime adventure focused trips that push our clients’ boundaries in incredibly unique, experiential ways. Experiences that aren’t just nice getaways, but rather trips that change people’s lives.”

Ker & Downey Africa works with partners around the globe that are noticing the same trend in tourists looking for once-in-a-lifetime adventure experiences as opposed to the run-of-the-mill been there, got the T-shirt trips. A partner in East Africa, Sarah Tjeenk of Inspired Journeys, comments: “As a macro development in the industry we will likely see a continuation of the trend towards experiential (or the latest word used is transformational) travel, where travellers are looking for their trips not only to make a positive impact on their environment, but also on their personal enlightenment and understanding of this world.”

Similarly, Marc Telio of Entree Destinations operating out of Alaska notes: “We’re definitely seeing more and more guests that look to be in remote wilderness, disconnected and being at one with nature and wildlife. Our wildlife viewing programmes sell out, and we continue to see big interest in destinations that are off the grid, vast and remote.”

With consensus from operators across multiple continents, and with the market’s statistical trends backing the probability of a good return on the Adventure Travel bet, it’s clear why so many operators are rushing to meet the increasingly adventurous needs of global travellers.

Source: Eclipse Public Relations. Image: Pixabay

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Bewitched by the magic of France, Melissa Jane Cook is an intrepid explorer. A lover of traversing the globe, she eagerly absorbs different cultures and laps up the magnificent oceanic experiences. Wooed by words and writers alike, her penchant for facials, chocolate, owls and bugs, is surpassed only by her fascination with the stage aglow in lights or bookshelves that heave with stories, where characters invite her along on their marvellous journeys.

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