The majority of customers are acquainted with the travel and tourism sector because they have utilized its services to unwind and rest whilst on family and other associated vacations.
Five segments of the travel and tourist industry are listed below that have the potential to be profitable ventures. Devoted tourists may also get some travel discounts and a deeper understanding of the area.
Internet-Based Travel Companies
In the case of travel and tourism services, revenue is still moving online, as it is in many other businesses. internet trading platforms have mostly supplanted stock brokers, and traditional travel agencies now have to contend with Internet retailers that let customers compare costs and book convenient times.
Prominent internet travel companies include publicly traded firms like Priceline, Expedia, and Orbitz. Specifically, Booking Holding’s Priceline has had great success bringing customers to its website to purchase flights and place bids on inexpensive, last-minute travel offers.
Traveling
Despite being in business for over a century, not many people choose cruise lines as their mode of transportation. Just 3.9% of people in North America, according to estimates from Carnival, the biggest cruise line operator in the world, have ever taken a cruise.
In many other parts of the world, the numbers are significantly lower.
Additionally, capacity is increasing quickly. According to Carnival, through 2023, the industry as a whole will experience an average annual capacity increase of about 6.8%.
Accommodations
A few major worldwide players dominate the hotel sector. This comprises privately held Hilton as well as the publicly traded companies Marriott and Starwood Hotels. In 2015, these businesses made their merger public.
They are expanding abroad after having primarily dominated their own American market. Along with managing properties for hotel owners, the chains have also ventured into timeshares, whereby they sell customers the ability to use their properties for a week or longer every year.
Super Resorts
Big resort owners build hotels along with other entertainment venues and related services. Ryman Hospitality Group, which owns the Opryland resort in Nashville as well as other properties in Texas, Florida, and Maryland, is one of the publicly traded operators in this market. It specializes in large resorts that can accommodate conventions and other sizable meetings for large travel groups.
Some of Colorado’s and the neighboring areas’ most well-known ski resorts are owned by Vail Resorts. Beaver Creek Resort, Breckenridge, and Vail Mountain are included in this.
Walt Disney is, of course, most known for his family-friendly theme parks, lodging options, and entertainment centers, such as Disney World in Florida and Disneyland in California.
Casino gambling in the vein of Las Vegas is expanding quickly throughout Asia.
Wynn Resorts and Las Vegas Sands, two of the biggest gaming companies in the world, have built enormous casino resorts in Macao, which has become the world’s largest gambling market. Both businesses are listed on public markets. Other Asian countries are seeing this trend as well, such as Singapore, and possibly Vietnam and Japan.
The Final Word
These are just a few of the numerous chances to make investments in the global travel and tourism sectors. Growth abroad should continue to exceed that of more developed markets in North America and Europe, particularly in developing market countries. Like the internet travel industry, certain regions of the world will always see pockets of growth in market share.
Investments.travel will update on opportunities, on events and strategies.
