Summary of Smart Travel

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Rating

7

Qualities

  • Innovative
  • Overview
  • Visionary

Recommendation

The tourism sector already accounts for roughly 9% of the world’s GDP and is still the fastest growing segment of the world’s economy. In this report, members of the World Economic Forum’s Global Agenda Council on New Models of Travel and Tourism explain how modern technology can speed up visa procedures and airport routines to help economies grow through tourism and travel. People with data-privacy concerns might cringe at some of its suggestions, but the white paper gives a clear overview of processes the industry’s representatives can put in place for smoother traveling. getAbstract recommends it to potential investors in “smart travel” and governments interested in increasing tourism.

About the Author

The World Economic Forum’s network of Global Agenda Councils is an interdisciplinary knowledge network dedicated to promoting innovative thinking on critical global issues, regions and industries and to incubating projects, campaigns and events for the public good.

 

Summary

Globally, one in eleven jobs is in the tourist sector, and tourism accounts for roughly 9% of the world’s GDP. However, outdated systems make obtaining visas costly and time-consuming for travelers, and many perceive navigating various checks at airports as tedious. In effect, such travel barriers are trade barriers. Removing these barriers will create new jobs and spur economic growth.

Governments should eliminate regulatory requirements that have become obsolete or ineffectual. Given modern information technologies, travelers should...


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