The existing economic environment is stable for the travel and tourism industry during H1 2018 (February 2018-July 2018). Globally, 41% of respondents indicate a stable economic state in H1 2018, while 31% highlight that the prevailing economic conditions as favorable for the travel and tourism industry. Increase in spending from the corporate travel sector, and spending on recreation and travel, rising disposable income, and rise in consumer spending activities. In H1 2018, executives expect supplier prices of technology to surge at an average of 3.5% and also foresee a rise in expenditure on new product development and marketing and advertising activities. Additionally, political changes and rising tax burden remain important concerns for the respondents with business operation in North America.

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