The gross domestic product (GDP) of many nations is significantly influenced by the tourism and hospitality industries.
Smaller economies that rely heavily on earnings from tourism-related activities include Macau (50.2% of GDP in 2019), the Maldives (32.5%), Aruba (32%), and the Seychelles (26.4%).
With the tourist sector becoming more and more digital, the term “e-tourism,” which describes the transformational changes brought on by the use of information and communication technologies (ICTs), has gained popularity.
In this regard, blockchain is the most recent technical advancement in a sector that has already embraced technology to change its fundamental business procedures and has recently experienced significant disruption.
Conclusions and Recommendations
Blockchain is poised to help the tourism rebound from COVDI-19.
- Understand the technology, its properties and its potential impact.
- Focus on the total market and its structural changes
- Anticipate new consumer demands and treat them as opportunities.
Learn more on the BRI website.
