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Introduction to the Travel Industry, Business and Industry Trends Analysis

The global travel and tourism industry is comprised of a wide variety of businesses, including hotels and inns, casino resorts, trains, buses, airplanes, cruise ships, tour operators and travel bookers, both online and physical. The World Travel & Tourism Council (WTTC) found that the global travel and tourism industry supported 330 million jobs on a direct basis during 2024.

This sector is always continually reinventing itself—with dramatic changes often being caused by disruptive technologies, evolving consumer tastes, political upheavals, economic booms and busts, and lately, global outbreaks of disease. Fortunes can be made and lost quickly, particularly in the always-changing, extremely competitive airline industry.

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