Flight Centre boss Graham Turner today said the travel industry is in the midst of a golden era that will last at least another two decades.
“I really believe this is a golden era for travel and it will last another 20 years,” he told delegates at the CAPA conference in Sydney.
His logic: demand is high fuelled by an ageing population and historically cheap airfares.
The emergence of cruise as a mass market product perfectly aligned with desires of travelling baby boomers is also a business marriage made in heaven.
Mr Turner added: “What happens after that I don’t know and don’t really care.”
Flight Centre, one of the world’s largest travel retailers, is on track to make a record pre-tax profit of AUD370m plus for the 13/14 financial year.