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How are global demographics changing and what does this mean for the hospitality industry?

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Maureen L

 

Date added:

April 15, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 609

 

Was viewed:

3757 times

 

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Essay content:

Over the past 50 years, the median age of the world’s population has increased by 2.8 years, from 23.6 in 1950 to 26.4 in 2000 (Batini, Callen, McKibbin 2006). The United Nations estimates median age to rise to 36.8 years in 2050. More developed countries are expected to have an increase in median age from 37...
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Using an estimate for 2005, Japan is the country with the oldest population, having a median age of 42.9 years. Japan is projected to have a median age of 54.9 years in 2050. Similar changes are occurring in Europe an example of which can be seen with forecasts for the Italian population. Italy’s median age in 2005 was 42...
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