AMITA & APARAJITA SHARMA
STUDENT
UNIVERSITY OF PETROLEUM AND ENERGY STUDIES
Amibeauty01@gmail.com
sharma.aparajita1214@gmail.com
ABSTRACT
Man is curious by his nature and space travel is utter most curiosity for mankind. Few in million people got chance to sort their curiosity but what about rest millions?? When a common man would be able to fulfill his dream destination?? Millions of questions pertain in mind but there was no answer for this couple of years ago. However, the distant dream of exploring space by common man turned into reality by the introduction of space industry. People would like to experience space travel for various reasons. This paper aim to give brief idea about space tourism industry, its emerging trends and how much it is commercial viable and what are the risk factors involved in it followed by the conclusion. Further the paper aim to discuss potential of space tourism and forecasting the expected revenue and estimating the investment costs for developing space tourism.
INTRODUCTION
Space tourism encapsulates the notion that paying passengers will have the opportunity to travel beyond Earth's atmosphere and experience orbital flights, prolonged stays in rotating space hotels and participate in research, entertainment and even sport. However, it is important to emphasize that this concept will necessitate a paradigm shift in how space is perceived, constituting not only the journey but also forming the destination.
Space tourism for a literal understanding of the term may be split into two words, space and tourism.
Space has been defined by many dictionaries as:
“A boundless three-dimensional extent in which objects and events occur and has relative position and direction.”
Merriam-Webster dictionary
“The infinite extension of the three-dimensional region in which all matter exists.” Free dictionary.com
“The empty area outside the earth’s atmosphere, where the planets and the stars are.”