Megatrends

Silver Tourism: An Aging Population Bitten by the Travel Bug

11.27.2018 - By OppenheimerFundsPlay

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The average lifespan has steadily increased for years, and it’s only going higher with every breakthrough in modern medicine. By 2030, the number of adults over the age of 60 will outnumber children under 10. The increasing elderly population, and their disposable income, have helped shape a new corner of the tourism industry, one that delivers experience and leisure.

Host Maneet Ahuja talks to three experts who explain how the intersection of aging and tourism is creating a global investment opportunity.

Brian Levitt is the Senior Investment Strategist at OppenheimerFunds. He is responsible for the development and communication of the firm's investment outlooks and insights. He educates us on the world's changing demographics and what this means for investors.

Robert Dunphy is co-portfolio manager of the Oppenheimer International Growth Fund at OppenheimerFunds. He shares why the variety in travel culture across the globe creates new investment opportunities in tourism.

Professor Dr. Wolfgang Georg Arlt is a tourism scientist based in Germany and China, with over 30 years of experience working in Chinese tourism as a former tour operator, researcher, and consultant. Dr. Arlt teaches International Tourism Management and is the founder and director of COTRI China Outbound Tourism Research Institute. He explains how travel companies are catering to Chinese tourists' specific travel preferences.

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