There’s no doubt that the coronavirus pandemic decimated the global tourism sector temporarily, but 2022 delivered a significant uptick in fortunes for this huge marketplace.
According to the most recent figures, revenue in the Travel & Tourism market is expected to reach $855 billion by the end of this year, before growing steadily through 2027. More specifically, the market’s revenue will deliver a CAGR of 4.42% over the course of the next four years, before peaking at a value in excess of $1.01 trillion.
This is not only good news for recreational travellers, of course, but also those who embark on frequent international trips and often look to sustain their endeavours through flexible and adaptable streams of income.
But what exactly are the best job or income streams for those of you who like to travel? Here are some options to keep in mind in the digital age!
Table of Contents
#1. Trading and Investment
When looking to combine both optimal travel experiences and significant earnings, your best bet is to seek out viable streams of passive income. One of the best examples comes from leveraging the global financial market, which is a huge and diverse entity that’s home to variable asset classes.
Ultimately, there are two primary ways in which you can achieve this, either through trading derivatives and speculating on various market price movements to engaging in buy-and-hold investment strategies that can deliver more secure stores of wealth that appreciate over time. These strategies embody the core difference between trading and investing, which offer variable risk-reward considerations and timeframes for success.
When it comes to trading, you may want to target major currency pairs through the forex market. This enables you to engage in flexible and speculative trading without being encumbered by ownership of the underlying assets while offering you access to increased liquidity and creating the potential for highly leveraged positions in the marketplace.
Of course, forex for beginners is fraught with risk and requires significant levels of market knowledge and a keen sense of determinism, but it’s also capable of helping you profit in a depreciating marketplace and leverage the market’s innate volatility to your advantage.
When it comes to investment, you may engage in longer-term strategies by holding tangible assets like stocks and gold. This is ideal for risk-averse investors, particularly those with a long-term outlook who want to bank consistent returns over time.
In the case of dividend stocks, these also pay out relatively modest but regular returns, creating a more reliable source of income for extended periods of travel. Regardless, the key objective is to target investments that suit your risk appetite and profit expectations, with a view to ensuring that your capital works for you in the most efficient way possible.
#2. Blogging
While the halcyon days of blogging may have been during the noughties and the formative years of the digital age, it’s still perfectly possible to make money through this practice in 2021.
Certainly, Google’s algorithm changes have been increasingly focused on prioritising quality and the user experience, so bloggers who commit to creating high-quality content and showcasing genuine expertise can definitely monetise their knowledge or passion to their advantage online.
Monetisation is the key here, with the best option being to publish relevant ads on your blog site and accrue passive income over time.
You may also want to sell coveted guest post spaces to similarly authoritative and sought-after voices in your chosen field, with this also enabling you to bank significant sums of cash over time.
Although blogging and the monetisation of your site can also deliver passive income over time, a considerable amount of work is required to reach this stage, while the returns may also be relatively modest when compared to those available in the global financial market.
#3. Tour Guide
If you intend to travel for an indefinite period of time and want to undertake physical roles while on the move, there are several options you may want to consider.
One of the most obvious is to become a tour guide, which allows you to interact and engage with like-minded travellers while simultaneously utilising your knowledge of specific locations and attractions.
Additionally, you could consider teaching English in certain locations across the globe. After all, this is the second-most frequently spoken language in the world, while the demand for such services is particularly high in popular tourism destinations such as Southeast Asia.
Ultimately, this is the most challenging way of earning cash while travelling, as it requires the physical exchange of labour and creates issues in terms of managing your time and making the most of your international trips.
However, it can also be an excellent way of meeting new people and engaging with the culture of the countries that you visit, so it may be ideal if you’re motivated by new experiences and put travel at the epicentre of everything that you do!
