What is the job demand for a tour guide in the next 10 years?

What is the job demand for a tour guide in the next 10 years? Over the next 10 years, it is expected the US will need 13,200 tour guides. That number is based on 4,800 additional tour guides, and the retirement of 8,400 existing tour guides.

Is the hospitality industry growing 2023?

In 2023, the global hospitality market reached nearly 4.7 trillion U.S. dollars and was forecast to grow to 5.8 trillion U.S. dollars in 2027 at a compound annual growth rate (CAGR) of 5.5 percent.

Does tourism have a future?

Longer-term forecasts also point to optimism for the decade ahead. Travel and tourism GDP is predicted to grow, on average, at 5.8 percent a year between 2022 and 2032, outpacing the growth of the overall economy at an expected 2.7 percent a year. ⁵.

Is tourism a demand?

Tourism demand may be defined as requirement of various tourism products (Goods and services) at a particular place or market in a given time period at a given price. More precisely, demand of tourism products is called as tourism demand.

What will tourism look like in 2030?

Towards 2030, the metaverse will enable visitors to mentally teleport themselves to destinations, regardless of time, financial resources and physical abilities. Individuals will seamlessly move between integrated digital and physical realities, where the engagement with travel becomes a part of daily life.

How big is the tour guide industry?

FORTUNE — According to brothers Daniel and Jonathan Yaffe, there are 400,000 full-time, accredited tour guides around the world who account for a $16 billion market, but just 5% of them have any online presence.

Is there a demand for tour guides?

Vacancies for this career have increased by 130.21 percent nationwide in that time, with an average growth of 16.28 percent per year. Demand for Tour Guides and Escorts is expected to go down, with an expected -15,560 jobs shed by 2029. This represents an annual decrease of 2.27 percent over the next few years.

Can you make a living being a tour guide?

Most entry-level tour guides only earn about $8-$15 per hour. But, there are experienced tour guides that earn upwards of $60,000 per year. These people often work for tour companies as managers. Since this is in the same service industry as restaurant workers, tipping is factored into wages.

What are the challenges of tour guides?

Tour guides face many challenges and difficulties due to their profession conditions that can be detailed as follows: 1- Seasonality, part-time work and casual employment conditions that greatly and negatively affect the amount of work and available income; 2- Freelance nature and self-employed 3- Unsocial working ...

Are tour guides worth it?

But even if you're an expert, having a tour guide can bring so much more knowledge to enrich your experience. No matter how experienced you are as a traveler, it's the tour guide who can tell you the interesting facts and not-on-Google-secrets about a place.

Where is the best place to be a tour guide?

Best states for a tour guide Pay, benefits, and opportunities vary greatly by state, and it's no different for tour guides. We found that Alaska is the best state in the nation for tour guides, and people in Anchorage earn the most in the field. The median salary for tour guides in Alaska is $40,533.

Can tour guides make a lot of money?

The average tour guide salary ranges between $18,000 and $55,000 in the US. Tour guides' hourly rates in the US typically range between $8 and $26 an hour. Tour guides earn the highest salaries in Alaska (40,533), California (39,666), and Connecticut (37,782).

Where do tour guides make the most money?

Are travel agents still in demand?

Demand is projected to increase for travel agents' expertise in recommending options to clients seeking personalized travel experiences. People are expected to continue relying on travel agents for their advice on popular or unique destinations and for their ability to handle travel issues.

What is the future of hospitality in 2023?

Seeing as many people have to travel for work, trends in the hospitality industry are driven by the need to create a tranquil experience for working professionals. In 2023, hotels will introduce the more co-working spaces to provide an enhanced and comforting experience for their guests staying longer.