The travel and tourism markets are booming. Revenue is expected to reach nearly $1.4 trillion in 2011. This means the opportunity in the sector will be “the biggest it has ever been.
International trips have jumped 5.5 percent, to 94.7 million; domestic trips have risen 1.2 percent, to 627.4 million; hotel revenues will go up by 4.4 percent, to $114.8 billion; travel agencies will bring in 3.3 percent more revenue, making the total $12 billion; tour operator revenue will grow 5 percent, to $3.7 billion; and even the RV parks and campgrounds industry will experience a 1.5 percent revenue increase, to $4.5 billion.
As the industry increasingly shifts online, opportunities are emerging. The app market, for instance, has swelled from virtually nothing to billions of dollars in just a few years, and smartphone owners love their access to a gaggle of Wi-Fi finders, flight status updaters, local restaurant finders, budget booking assistants, translators and more. Websites offering unique travel-oriented services have made a strong showing, too. They include Wanderfly, a personalized travel recommendation travel engine à la Hunch and Pandora; and GTrot, a site that allows travelers to share their itineraries with friends and get travel advice within their networks. Applications like these will continue to grow, improving the efficiency of the overall industry by improving the connectivity between flights and friends.
To read the full, original article click on this link: Connecting Flights With Friends | Relationship Economy
Author: JAY DERAGON
