TRAVEL INDUSTRY HISTORY

1,000 years ago, New York was the largest city followed by Tokyo. Travelling was a time consuming and costly activity. To plan for travel, the traveler must first go to the library to look up the contact information for travel agents in the Yellow Pages then send out letters to the travel agent to set up a meeting. After discussing travel plans with the travel agent, the travel agent then sends out letters overseas to the travel agents at the destination and wait for a response. These  letters could take three months or more to reach the destination at a price of around $1,000. Planning for the entire trip can take up a year or more. In time, the invention of telegraph, telex, and fax would make the necessary communications more convenient. .

Travel resulted from the need for food, community, to build art, obtain a better life, develop new tools, and used for construction.  Without the need of travel to move from one place to another, humanity would not have been the same.  This caused war, but once communities were established people started to travel to visit one another for exploration and or trade. On December 7, 1903, the first airplane was flown in North Carolina. In the 1970’s-1980’s travel was the largest industry. This then caused economies when people traded.  Kings and rulers realized they could make money. Tax started from criminals because they could.  Unless the communities could fight it, they stayed.

Travel is now the largest industry in the world.  It is defined as the movement of a person from one place to another. Travel is also the fastest growing industry with 10% of all newly created jobs taking place in the travel industry.  It’s creating 1 in every 12 jobs in the world. Furthermore, the travel industry contributes to 9.1% of the world’s total GDP.That’s 6.6 trillion and growing faster than the world economy. Making it double the size of auto manufacturing and 1/3 larger than chemical manufacturing.

There are three types of travel: leisure, business, and ethnic. Leisure travel is when people travel to explore and have fun, it is about 50% of the travel industry. Business travel are trips taken to execute business, whether to sell, buy or exchange goods or services and is about 30% of the industry. Lastly, ethnic travel is when people move from one place to another often to visit family. Ethnic travel is currently 20% of the industry but is also the fastest growing segment because of globalization and the need for people to travel to visit family. It is expected that by 2020, ethnic travel will exceed business travel.

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