1) Global Tourism Industry
After a strong decline in global tourism in 2009, from 2010 onwards the industry began an impressive recovery (IBIS World, 2013). According to Secretary-General of UNWTO Taleb Rifai, 2013 was an excellent year for international tourism. This impressive trend predicts a flourishing industry ahead (Refer appendix - A). The tourism industry has diversified into many areas in recent times and the human instinct toward exploring untouched territories. Space tourism has been predicted to revolutionize the contemporary tourism activities. Even though the driving & resisting forces (Refer Appendix- C), space tourism will contribute immensely for the betterment of the global tourism industry in years to come.
2) Evolution of space tourism
With the development of the telescope in 1609 by Galileo Galilei, people were able to see the universe in more detail and to find out the principles of the cosmos (Seo, 2013). In 1903, for it was then that Orville Wright flew 120 feet in 12 seconds. Sixty-six years later man had walked on the moon (Smith, 2009). These events are classic examples for the curiosity that the man had toward the exploration of the eternal space. If the era of space tourism has a birthday, it's On April 28, 2001. American businessman Dennis Tito became history's first space tourist, traveling to the International Space Station aboard a Russian Soyuz spacecraft. Forty years to the month after Yuri Gagarin became the first person in space (Wall, 2011) this remarkable milestone paved the way for a revolutionary new tourism frontier to be born. Based on market studies, space tourism activity will result in a billion-dollar industry within the next 10 years (George, 2010, cited in Klotz, 2010).
According to the Federation of Aéronautique International, space starts at an altitude of 100 km above the surface of the earth. This is known as Kármán line where atmospheric lift no longer supports a flying object.
3) Private sector driving the space tourism
NASA has been in the forefront of the space initiatives for many years until they retired its shuttle fleet operation in 2011(NASA, 2011) and granting favorable support and getting collaborated with private space companies like

Exploration Technologies and Orbital Sciences Corp for future space initiative (Klotz, 2012).
Then, in the $10 million Ansari X Prize challenge, private companies competed with each other to launch a reusable manned spacecraft twice within two weeks. On October 4, 2004, Virgin Galactic and Burt Rutan of Scaled Composites won the event (Seo, 2013) envisaging a major impact on the global tourism landscape. So far eight tourists have traveled to the space (NASA, 2011). World's first spaceport in New Mexico would be a great facility to boost the emerging trend (Manning, 2012). Future would be bright for space tourists as Virgin’s intension of diversifying in to space hotels development (Moskowitz, 2013). According to forbs (2014) there are 1,645 billionaires with an aggregate net worth of $6.4 trillion in the world who would be fascinated by newel experience and the impact of the space tourism to the global tourism industry.
4) Space tourism can be categorized in to 3 broader areas. (Guven, 2012)
a) Suborbital Space Tourism
b) Orbital Space Tourism
c) Advanced Space Tourism
4.1) Suborbital Space Tourism
In suborbital space tourism the spaceflight get to the space but unable to complete its orbit. This means spaceflight trajectory intersects the atmosphere. Spaceflight reaching an altitude of 100 km (altitude known as Karman line) above the sea level is termed as a suborbital.
4.2) Orbital Space Tourism
Orbital space tourism is where tourists spaceflight placed on a trajectory where it could complete at least one orbit. To do this, it must be on a free trajectory which has an altitude at perigee above 100 km. To remain in orbit at this altitude necessitates an orbital velocity of 7.8 km/s (approx).
4.3) Advanced Space Tourism
Advanced space tourism is where spaceflight destined to interplanetary trajectory like Lunar Tourism. Space adventure forecasts a figure of $150 million for the planned moon travel (Wall, 2011). In 2012 that U.S. National Aeronautics and Space Administration science Chief Alan Stern has launched a start-up, Golden Spike Co., which plans on offering commercial flights to the Moon and back starting in 2020 for an anticipated price of 750 million dollars.