Affluent Savvy
Affluent Savvy
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Global Fastest Growing Industries by Revenue Growth (%) in 2022 Global Airport Operation. 47.2% Global Hotels & Resorts. 40.6% Global Travel Agency Services. 40.4% Global Tourism. ... Global Airlines. ... Global Casinos & Online Gambling. ... Global Commercial Aircraft Manufacturing. ... Global Semiconductor & Electronic Parts Manufacturing. More items...
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The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.
Learn More »1. Global Airport Operation 2023-2024 Revenue Growth: 16.2% The Global Airport Operation industry has experienced complex operating conditions over the five years to 2021. Rising levels of airline passenger traffic through much of the period enabled airports to earn significant revenue through passenger charges and services provided directly to airlines. At the same time, improving economic conditions increased corporate profit and fueled global manufacturing activity, causing airlines to operate more flights to transport greater quantities of cargo. However, the COVID-19 (coronavirus) pandemic completely disrupted the industry over 2020, causing revenue losses of more than 50.0% in that year alone. Overall, industry revenue is estimated to decrease an annualized... Learn More 2. Global Hotels & Resorts 2023-2024 Revenue Growth: 11.8% Over the five years to 2021, the Global Hotels and Resorts industry is anticipated to experience declining revenue. Initially, strong growth between 2016 and 2019 occurred as both consumers and businesses became more confident about their finances and spent more liberally on luxuries, including travel. This culminated in a substantial increase in both travel rates and hotel room and occupancy rates, two indicators of a hotel's performance. Global tourist arrivals were also steadily increasing between 2016 and 2019 until a drastic drop in 2020 due to the global spread of COVID-19 (coronavirus); in 2020 alone, industry revenue declined 39.0% due... Learn More 3. Global Travel Agency Services 2023-2024 Revenue Growth: 11.8% The Global Travel Agency Services industry has experienced revenue decline over the five years to 2021, all while the industry's core services dramatically changed due to consumers using online channels to research and book travel. Online booking agents now play a much larger role within the industry, alongside traditional brick-and-mortar travel agencies. International tourism grew strongly prior to the COVID-19 (coronavirus) pandemic, which is expected to severely cut into revenue over 2020, followed by a rebound of 35.1% in 2021 as the economy returns to normal. Overall, industry revenue is expected to shrink an annualized 3.0% to $290.5 billion over... Learn More 4. Global Tourism 2023-2024 Revenue Growth: 10.8% The Global Tourism industry is expected to decrease an annualized 4.3% to $1.3 trillion over the five years to 2021. Global tourism has performed well during most of the five-year period, with emerging economies continuing to stimulate growth. Moreover, countries in Asia and South America have experienced robust growth in per capita income, which has enabled consumers in these regions to take overseas trips in increasing numbers. However, due to the COVID-19 (coronavirus) pandemic, industry revenue is expected to decline nearly 50.0% in 2020. The global outbreak is expected to have an enormous effect on all tourism-related industries as many... Learn More
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Top high-paying jobs that require little schooling Aircraft mechanic. ... Surgical technologist. ... Train operator. ... Gas plant operator. ......
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The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.
Learn More »5. Global Airlines 2023-2024 Revenue Growth: 7.7% Despite rising levels of airborne passenger and cargo traffic throughout much of the period, revenue for the Global Airlines industry has declined over the five years to 2022 as volatile fuel prices and growing competition, as well as the COVID-19 (coronavirus) pandemic, have placed downward pressure on airline ticket prices and freight shipping rates. At the same time, recent growth in global per capita income, in addition to other solid macroeconomic indicators, fueled demand for airline passenger transportation prior to the pandemic. Overall, industry revenue is estimated to decrease an annualized 0.6% to $785.6 billion over the five years to... Learn More 6. Global Reinsurance Carriers 2023-2024 Revenue Growth: 6.8% The Global Reinsurance Carriers industry has encountered significant challenges over the five years to 2021. Some challenges include an operating landscape consisting of a soft pricing cycle, low interest rates, an increased occurrence of natural disasters and a global pandemic. All of these factors have contributed to the industry's poor performance. As a result, industry revenue is expected to decline at an annualized rate of 1.6% to $228.1 billion over the five years to 2021, including a decline of 5.5% in 2021 alone. This decrease in 2021 can be mainly attributed to the ongoing COVID-19 (coronavirus) pandemic. As businesses and... Learn More 7. Global Commercial Aircraft Manufacturing 2023-2024 Revenue Growth: 6.3% The Global Commercial Aircraft Manufacturing industry is involved in manufacturing, rebuilding and maintaining planes, helicopters, aircraft engines and various aircraft components and subsystems for the commercial market. Over the five years to 2022, industry revenue is expected to decline at an annualized rate of 3.1% to $298.3 billion. The outbreak of COVID-19 (coronavirus) has led to reduced sales due to lower demand from downstream markets and supply chain issues. The industry experienced a partial recovery in 2021 due to improvements in the global economy and worldwide efforts to constrain the spread of the disease. However, the full recovery is yet... Learn More 8. Global Architectural Services 2023-2024 Revenue Growth: 6.2% The Global Architectural Services industry has contracted over the five years to 2021. Despite economic growth and an infusion of government-funded building projects in emerging nations fueling revenue early during the period, the industry did not fare as well during the latter half of the period. Plus, the ongoing COVID-19 (coronavirus) pandemic has decreased employment and consumer spending in developed economies, in addition to negatively affecting the global economic operating environment. As a result, industry revenue is forecast to decrease an annualized 2.6% to $181.1 billion over the five years to 2021. This, however, includes an anticipated revenue increase of... Learn More
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The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.
Learn More »9. Global Casinos & Online Gambling 2023-2024 Revenue Growth: 5.7% Over the five years to 2022, the Global Casinos and Online Gambling industry shifted from the United States, specifically Las Vegas and Atlantic City, to China, more specifically, Macau. A wave of recent casino openings in Macau has propelled this shift. As of 2022, there are 36 casinos located on the island. Additionally, two mega casino developments in Singapore already rival casinos in Las Vegas, and Japan recently legalized casinos, raising the potential for billions of dollars in new investment. However, some Asian governments, such as that of China, limit domestic access to casinos. Furthermore, operators across the globe experienced... Learn More
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