Travel and Tourism Industry Business Outlook and Procurement Survey Dec 2017 – May 2018

2018-01-03
Price :
Published : Jan-2018
No. of Pages : 36

Travel and Tourism Industry Business Outlook and Procurement Survey Dec 2017 – May 2018

Summary

GlobalData’s “Travel and Tourism Industry Business Outlook and Procurement Survey Dec 2017 – May 2018”, examines executives’ opinion on the business outlook and procurement activities over Dec 2017-May 2018, including comparative analysis of survey results with Jun-Nov 2017 (wherever applicable). It also highlights key business priorities, supplier price variations, changes in capital expenditure, and organizations’ perspective on e-procurement. In addition, this report presents the future projection of merger and acquisition activities within the travel and tourism industry over the next six months.

In comparison to the previous six months (June-Nov 2017), mergers and acquisition activity in the global travel and tourism industry is projected to increase by five percentage points over the next six months (Dec 2017-May 2018), as a result of increasing competition, economies of scale, and government policies. Even though rising competition and market uncertainty have been highlighted as major business concerns for the global travel and tourism industry over the next six months, respondents are willing to increase their focus towards improving their operational efficiency and expansion in current markets. Furthermore, emerging economies such as China, India, and Brazil are projected to offer significant growth opportunities for the global travel and tourism industry, due to rising disposable income, favorable demographic factors, the availability of cheaper flights, and favorable government policies. On average, the global travel and tourism industry’s procurement expenditure is projected to increase by 7.2% over the next six months.

What else does this report offer?
– Key business priorities: examines travel and tourism organizations’ important priorities for Dec 2017-May 2018
– Emerging and developed markets: provides information about key emerging and developed markets, which will offer the most growth over Dec 2017-May 2018
– Change in M&A activity: analyzes travel and tourism industry executives’ opinion on changes in merger and acquisition activity globally
– Business concerns: identifies major business concerns that are likely to impact manufacturers and suppliers
– Change in capital expenditure: tracks the expected change in capital expenditure both globally and regionally
– Change in procurement activities: evaluates how procurement activities will change in the travel and tourism industry over the next six months
– Procurement budget outlook: projects procurement budget allocation along with changes in procurement objectives over Dec 2017-May 2018
– Supplier prices outlook: determines the expected change in supplier prices over Dec 2017-May 2018
– E-procurement: identifies executives’ perspective towards e-procurement implementation and deployment within the global travel and tourism industry.

Scope
– Improving operational efficiency is projected to be a key priority for the global travel and tourism industry over the next six months (Dec 2017-May 2018)
– Executives expect China to offer more growth in the six months of Dec 2017-May 2018
– Increased use of technology and internal operating cost reductions are the main procurement objectives for global travel and tourism organizations over the next six months
– Overall, 36% of executives anticipate their global procurement budget to be up to US$100,000 over the next six months
– Of industry executives, 23% state that the deployment of e-procurement within their organization is limited.

Reasons to buy
– Travel and tourism companies can realign business strategies by comparing the business priorities over the next six months (Dec 2017-May 2018) compared to the previous six months (Jun-Nov 2017)
– Organizations can develop or adjust business expansion plans by knowing the significant growth offering emerging and developed markets highlighted in the report
– Helps organizations to adjust their procurement budget by providing information about procurement budget projections anticipated by executives for Dec 2017-May 2018
– Organizations can implement effective price management by viewing supplier price variations highlighted for Dec 2017-May 2018.

Filed in: Travel & Tourism
Publisher : GlobalData
More Reports
Title Price Buy Now

Car Rentals (Self Drive) Market in Switzerland to 2021: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics

Car Rentals (Self Drive) Market in Switzerland to 2021: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics Summary Car Rental (hiring of a passenger vehicle for self drive, which includes cars and small vans, by both business and leisure travelers for short term duration; excluding leasing and long term rentals) market has evolved intensely in the very recent years and is also expected to evolve in similar fashion in the near future. The report Car Rentals (Self Drive) Market in Switzerland to 2021: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics provides deep dive data analytics on wide ranging Car Rental market aspects including overall market value by customer type - Business and Leisure, by point of rental - A......
$750

Car Rentals (Self Drive) Market in Poland to 2021: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics

Car Rentals (Self Drive) Market in Poland to 2021: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics Summary Car Rental (hiring of a passenger vehicle for self drive, which includes cars and small vans, by both business and leisure travelers for short term duration; excluding leasing and long term rentals) market has evolved intensely in the very recent years and is also expected to evolve in similar fashion in the near future. The report Car Rentals (Self Drive) Market in Poland to 2021: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics provides deep dive data analytics on wide ranging Car Rental market aspects including overall market value by customer type - Business and Leisure, by point of rental - Airport and......
$750

Car Rentals (Self Drive) Market in the Netherlands to 2021: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics

Car Rentals (Self Drive) Market in the Netherlands to 2021: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics Summary Car Rental (hiring of a passenger vehicle for self drive, which includes cars and small vans, by both business and leisure travelers for short term duration; excluding leasing and long term rentals) market has evolved intensely in the very recent years and is also expected to evolve in similar fashion in the near future. The report Car Rentals (Self Drive) Market in the Netherlands to 2021: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics provides deep dive data analytics on wide ranging Car Rental market aspects including overall market value by customer type - Business and Leisure, by point of re......
$750

Car Rentals (Self Drive) Market in Belgium to 2021: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics

Car Rentals (Self Drive) Market in Belgium to 2021: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics Summary Car Rental (hiring of a passenger vehicle for self drive, which includes cars and small vans, by both business and leisure travelers for short term duration; excluding leasing and long term rentals) market has evolved intensely in the very recent years and is also expected to evolve in similar fashion in the near future. The report Car Rentals (Self Drive) Market in Belgium to 2021: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics provides deep dive data analytics on wide ranging Car Rental market aspects including overall market value by customer type - Business and Leisure, by point of rental - Airport a......
$750

Car Rentals (Self Drive) Market in Austria to 2021: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics

Car Rentals (Self Drive) Market in Austria to 2021: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics Summary Car Rental (hiring of a passenger vehicle for self drive, which includes cars and small vans, by both business and leisure travelers for short term duration; excluding leasing and long term rentals) market has evolved intensely in the very recent years and is also expected to evolve in similar fashion in the near future. The report Car Rentals (Self Drive) Market in Austria to 2021: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics provides deep dive data analytics on wide ranging Car Rental market aspects including overall market value by customer type - Business and Leisure, by point of rental - Airport a......
$750

Internet of Things in Tourism – Thematic Research

Internet of Things in Tourism - Thematic Research Summary Imagine a world where an airplane can detect a fault in one of its engines in mid-flight and radio ahead to order spare parts without any pilot intervention. Or where your fridge can detect you are running out of milk and order it while you are asleep. Or where your home thermostat automatically lowers the temperature when you leave the house and raises it the moment you return. The "Internet of Things" (IoT) refers to a world where various devices are connected to the internet with a view to automating more of our lives, saving energy, making industrial processes run more efficiently, etc. We are still early in this technology cycle. As yet, there are no common standards, so it is difficult to predict any long-term winners and l......
$3995

Tourism Deep Dive: Accommodation – Strategic issues and market trends affecting accommodation

Tourism Deep Dive: Accommodation - Strategic issues and market trends affecting accommodation Summary "Tourism Deep Dive: Accommodation", shades light into the key trends in the hospitality industry and underlines the strategic issues that hoteliers and alternative accommodation providers are faced with. Besides market trends, the report analyzes channel dynamics, focusing on regional trends, as well as hotel type dynamics. The hospitality industry continues to grow at a promising pace, with a strengthening global economy providing the much needed impetus. The global pool of travelers is also consistently showing growth, across the developed as well as emerging nations, as a result of consumers' rising disposal income and their ability to travel. As a result, hoteliers are focusing on n......
$900

Exploring Sports Tourism – Insight into sporting holidays, sport events, and what the future holds for the industry

Exploring Sports Tourism - Insight into sporting holidays, sport events, and what the future holds for the industry Summary GlobalData's "Exploring Sports Tourism", report analyses the sports tourism industry, including who partakes in such activities, how to target this market, what the future holds for the industry, as well as a deep dive into a number of segments in this market. These include, skiing and snowboarding, golf, surfing, and the Olympic Games. Sports tourism falls into two categories: sporting holidays and sports events. Popular sporting holidays include skiing and golf, while events which attract a large amount of tourists include the Olympic Games and the FIFA World Cup. Sporting holidays are growing in popularity as health consciousness has risen globally and exerc......
$1495

Tourism Destination Market Insights: Caribbean (2018) – Analysis of source markets, infrastructure and attractions, and risks and opportunities

Tourism Destination Market Insights: Caribbean (2018) - Analysis of source markets, infrastructure and attractions, and risks and opportunities Summary The Caribbean is one of the fastest growing destinations in the world. The rapid rise in tourism flows has brought a number of benefits including jobs and incomes. However, given that the nations of the region are among the most tourist dependent countries in the world, there are a number of issues which need to be addressed if growth is to be sustained. From creating unique and diverse tourism offerings, to fostering regional collaboration and investing in infrastructural projects, the report shades light into how Caribbean nations can leverage strengths and capitalize on new trends to ensure the future success of the sector and econ......
$1495

Global Adventure Tourism: Insight into key adventure tourism trends and the demands of adventure tourists

Global Adventure Tourism: Insight into key adventure tourism trends and the demands of adventure tourists Summary GlobalData's "Global Adventure Tourism", report provides insight into key adventure tourism trends and the demands of adventure tourists. It offers profile and demographic preferences of adventure tourists. The report shades light into future prospects and provides actionable insights. Adventure tourism has evolved to be one of the fastest-growing sectors across the globe, attracting high-value customers, supporting local economies, and promoting the environment. North America, South America, and Europe account for 70% of international outbound departures. GlobalData expects the market to continue to grow at a CAGR of more than 40% over 2017-2021, primarily driven by a......
$1495
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy