Travel & Tourism
World Tourism Organization forecasts that globally tourism will rise at an average of 4% annually. Till 2020 Europe will remain as the most popular destination. In the year 2004 there were 763 million international tourist arrivals globally.
There is a very strong correlation between travel and tourism expenditure per capita and the degree to which any nation play in the global context. This is not only the result of an important economic contribution in the tourism industry, but also acts as an indicator of the degree of confidence with which international citizens leverage the resources of the globe for benefits of local economics.
For any country, travel and tourism is one of the main pillar of foreign exchange. This industry gives opportunity for employment in the service industries. They are as mentioned below:
- Transportation like cruise ships and taxis.
- Accommodation like hotels and farm villa
- Restaurants
- Bars
- Entertainment venues
- Hospitality industry services like spas and resorts.
With the advent of e-commerce, travel and tourism products have become the most traded items on the world wide web. Revolute Solution is playing a vital role in adding web services to this industry.