Though the recession left the industry struggling, revenue will rebound in the next five years due to many positive changes. Tourism will particularly benefit from the economy improving, unemployment rates declining and consumer spending increasing. The number of inbound visits to the United States will rise significantly, especially from East Asia and South America. Furthermore, the continued shift away from brick-and-mortar tourism providers toward online operators will benefit the industry.
Tourism is defined broadly to include spending by visitors whose primary travel purposes are business, convention or conference travel, government business, and the more familiar tourism for leisure, vacation or to visit friends and relatives. Major industries that benefit from tourism expenditure include domestic and international air transportation, accommodation services, food services, drinking places, automotive rental and travel arrangers.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.