Great News! Travel and Tourism are BACK!
Entrepreneur Magazine's Dec. 2010 Issue did a feature article on trends for 2011 which noted that as the economy moves into recovery and traveling trends pick up again, demand is expected to increase and fuel industry revenue.
And driving this new growth will be Internet technology as consumers choose online travel agencies for flexibility and efficiency.
A senior research analyst for the firm IBISWorld projected the following growth:
International travel is expected to jump 5.5% to 94.7 million US dollars.
Domestic travel is anticipated to rise 1.2% to 627.4 million dollars
Hotel revenue is forecast to increase 4,4%
Travel related agencies will bring in 3.3% more income totaling 12 billion dollars.
The article goes on to say that "while this trend will effectively eliminate many smaller brick-and-mortar establishments, profitability for online industry operators is expected to grow." Looking at my small rural college town I have seen evidence of this over the past several years.
If you are looking to get started in a home business that is Travel related, or want to explore the benefits that you will gain, here are a few recommended qualities to look for:
destinations travel accommodations for up to a week the ability to save 50% (or more) when booking your vacation no strings attached, no expiration dates, easily transferable
a simple and easy way for you to book top rate international and domestic travel and vacation resort destinations
travel accommodations for up to a week
the ability to save 50% (or more) when booking your vacation
no strings attached, no expiration dates, easily transferable
Take care to look for a company and business that has a proven track record in this area already. Whether you become an associate or a customer, you want to make sure that you can contact the people behind the business (responsive executive, associate, customer and technical support).
Is there transparency? Is the executive leadership identifiable? Can you contact them and are they responsive?
How about your team leader and sponsor? While it's a bonus if they have prior business experience, be sure to look for someone who is a strong and motivated leader that has the ability to help you grow your business and team.
From a business perspective, the type and quality of marketing training and promotional (marketing) systems will be THE difference in your success (or lack thereof). But ultimately the thing you need most for success is YOU. Make no mistake, as with anything in life, nothing in life will happen unless YOU make it happen. Having great support and an awesome product just makes it easier.
No matter where you are in the world, travel will continue to be a hot industry. NOW is an especially great time to capitalize on the growing opportunities and trends that are forecast.
You can read more about projected travel trends at ibisworld.com/industry/default.aspx?indid=1481 IBISW.
To learn more about my recommended home business top pick for travel visit MichelleEWard.com MichelleEWard.com.
Michelle (M.E.) Ward is a fun-loving and successful entrepreneur, music instructor, musician and network marketer. She provides network marketers with expert easy-to-use business building tips and strategies through her site BetterMarketingOnline and the ZenMarketer's Group.
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