Asset allocation model
The travel and tourism industry is booming, contributing trillions to U.S. and worldwide GDP. World Travel and Tourism Council research indicates that the industry generates almost 10% of all worldwide economic activity. It is the second-fastest growing industry in the world, and investors in the know will be positioned to capitalize.Travel and tourism is a vast sector, encompassing many different investment opportunities. The internet has revolutionized travel and tourism as it has many other industries, with companies like Orbitz and Priceline growing more and more successful. Hotels are a key piece of the travel and tourism puzzle, with Marriott and Starwood Hotels expanding worldwide and branching out into property management and timeshare businesses, while other businesses own portfolios of tourism-oriented properties, like Disney’s theme parks and hotels.The worldwide expansion of the industry is of particular interest to investors. Casinos are a prime example, with major players like Las Vegas Sands operating new properties around the world, especially in Asia, where Singapore and Macau reliably draw tourists and their money. With travelers showing interest in new destinations and a desire for new experiences, there is ample opportunity for new businesses while new avenues open for existing ones.