The Future of Travel
The Newest Nomads
The shape of travel to come is largely a function of money—who will have it, and how much, according to Peter Schwartz, author of The Art of the Long View and cofounder of the futurist think tank Global Business Network. This explains why the next nomads will be Chinese and Indian, with Middle Easterners to follow. The World Tourism Organization anticipates the annual number of outbound Chinese tourists to double this decade to 100 million—after which, it’s anyone’s guess. Chinese travelers already spend more money abroad on luxury goods than any other nationality. Meanwhile, falling birthrates and aging populations across the developed world will mean further slowing of certain economies. Today’s German or French tourists will soon be replaced by those speaking Mandarin, Hindi, or Arabic.