Travel industry ‘buoyant’ amid crisis

The travel industry is continuing to thrive in the face of global economic crises…

A new survey by Multicom recently revealed that firms in the holiday sector have seen an upturn in the number of bookings this year.

Multicom manager Chris Nourse commented: “This is despite the fact that many consumers are struggling with increases in the cost of living and an economic downturn.  Consumers are not willing to give up their holidays abroad, even if they are faced with higher bills and general expenses. Holidays are being seen as more and more essential."

The findings are likely to be positive reading for buy-to-let investors in popular holiday destinations across the world. Many of these people have chosen to invest in such places because of the potential to collect healthy returns by letting houses out to holidaymakers.

The research suggests that many rental investors are likely to continue getting good returns even in the midst of the global economic crisis.