Write a paper on Worldwide Hospitality & Tourism Trends And How It Affects The Hotel Trends In San Diego
The rapid advance of technology is changing how consumers evaluate, use and discuss hospitality and tourism products.
Intense airline competition: Downward pricing pressures are at play thanks to a mix of low fuel prices, international competition, and low-cost entrants. That may be tough news for airline industry margins, but low fares drive spending throughout the travel sector.
Healthy corporate travel demand: Strong economies drive business activity. Business travel is projected to grow by more than 6 percent.
From products to experiences: Travel is outpacing the demand for goods. Spending on recreation, travel, and eating out is up, while spending on many durable goods and staples like clothing is down.4
Refer to Business & Finance – Marketing
2 trends analysis
1500 words
15 reference
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