- Written by SLEM Technologies
Travel and Tourism industry is growing at rapid pace, with $7887.37 billion global net worth in year 2017. Its growth is directly related with the strength of global economy, which now appears to be recovering from recession that plagued most developed and developing countries for good part of last 10 years. Each year, millions of new tourists and travelers add to the global traveler pool, many with increased disposable income and newfound zeal to travel across the world.
Travel and Tourism industry’s global economic contribution was over 7.6 trillion US dollars in 2016. Let us take a look at the revenue contribution of niche segments of travel industry.