MANAGING in the

NEW WORLD

Travel and tourism’s increasing importance to the global economy can be gauged by one simple statistic derived from specific market research conducted- about three-fourths of business travelers now add a leisure segment to their trips. Nearly a tenth of the world’s GDP was generated by the industry. Also the economic growth is greater than overall figures by one full percentage point. There exist at present around 266 million travel jobs worldwide. Of them around 4.7 million were new jobs created. This growth has primarily been attributed to the rising income levels in countries such as India, China, Russia and Brazil.  

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