Travel is not just a leisure activity; it’s a global economic powerhouse. The travel industry in the United States alone is a staggering $1.3 trillion business, with worldwide figures reaching $7 trillion. This sector outpaces the global economy’s growth by 23% and is larger than the oil industry. With tourism accounting for 11% of all consumer spending globally, it’s clear why the travel market is an attractive field for entrepreneurs and investors.
The Digital Revolution in Travel Booking
The way people book travel has dramatically shifted over the past decade. A significant 82% of all travel is now booked online, with 79 million Americans having booked their travel online in 2005. This digital trend has led to a decline in traditional travel agency jobs—from over 200,000 to just 103,000 in the United States by 2004. As a result, internet travel stores have become the go-to for modern consumers.
The Booming Online Travel Market
The convenience and comfort of online shopping have extended to big-ticket items like cars, homes, and travel. The internet e-commerce sector continues to grow, with travel being its fastest expanding segment. This trend is fueled by the increasing number of baby boomers reaching retirement—one every 8 seconds—and their desire to travel. The travel industry is projected to double to $14 trillion worldwide in the next decade, presenting a golden opportunity for those looking to enter the market.
Why Own an Internet Travel Store?
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The rationale for owning an internet travel store is compelling. Not only are you and your acquaintances likely to travel regardless, but owning a travel business also allows you to:
Earn commissions on travel booked through your site.
Make a significant portion of your personal travel tax-deductible.
Enjoy travel as an insider, with potential perks and benefits.
A Dual Opportunity in the Travel Industry
This unique business model offers two opportunities in one:
Own Your Travel Business: With a company-supported website, you can earn 60% of the commissions from all travel booked on your site.
Referral Compensation Plan: By becoming an Independent Marketing Representative and referring others to the travel business, you can generate additional income.