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Demographic Shifts
New Realities
• The aging of travelers from traditional tourismgenerating
countries will cause demands for new
experiences and new facilities. As a consequence,
existing tourism plants may become economically
obsolete.
• Increasingly diverse lifestyles will make market
segmentation increasingly important. However,
the tailoring of “designer vacations” will make it
harder to standardize the tourism product, and
thus to control costs.
New Horizons
• For the next twenty years, residents of developed
nations in the 45–65 age category will increase
substantially. These individuals will have the time,
the discretionary income, and the desire to travel.
• Firms that can read, anticipate, and respond to
the specific needs and desires of high-quality
niche or special-interest markets in innovative
ways will have great opportunities for success.
Changing Value Systems
New Realities
• Leisure and vacation travel could be viewed as
frivolous, wasteful, and harmful in a world where
economies are stagnant, renewable resources are
declining, and toxic emissions threaten the health
of the planet.
• The developing mood to “look inward” may lead
to greater economic protectionism (at the macro
level) and more home- and family-oriented uses
of leisure time (at the micro level). Both would
reduce the demand for travel.
New Horizons
• An increased emphasis on special-interest
tourism—such as cultural, educational, and
professional development travel—may greatly
strengthen and enrich the meaning of the travel
experience.
• An increased emphasis on human relationships
may encourage new forms of tourism in which
contact between hosts and guests is less
superficial, leading to more intensive and
enduring relationships.
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