Travel and Tourism Industry Business Confidence Report H2 2017

Summary

GlobalData’s “Travel and Tourism Industry Business Confidence Report H2 2017”, examines executives’ opinion about the business environment during H2 2017 compared to H1 2017. It also highlights existing economic conditions, supplier price variations, sales performance, industry and company growth outlook, spending patterns, and key priorities. Additionally, the report provides information categorized by region.

The existing economic environment is stable for the travel and tourism industry, and customer confidence levels will remain constant during next six months. Travel and tourism companies are positive about economic conditions in North America region due to the increasing consumer spending, growing option for low budget travels and increase in number of boutique hotels in the US. Globally, the travel and tourism industry is expected to record higher expenditure in improving operational efficiency and protecting the growing market share in H2 2017.

What else does this report offer?
– Current state of the global economy: examines prevailing economic conditions globally and across various regions during H2 2017 as compared to H1 2017
– Company and industry growth outlook: provides industry executives’ expectations towards the growth prospects of their company and the industry over the next six months
– Change in customer confidence: analyzes defense industry executives’ opinion about the change in customer confidence during H2 2017 as compared to H1 2017
– Supplier prices projection: determines expected change in supplier prices across various categories and their impact on business confidence
– Change in staff headcount and sales performance: tracks expected change in staff headcount and sales for H2 2017 among industry executives globally
– Significant investment activities: highlights various areas in which industry executives intend to invest over the next six months
– Business concerns: provides information about potential business concerns indicated by survey respondents for H2 2017
– Key priorities: identifies the top priorities of industry executives operating in various regions

Scope

– Economic environment in Asia and North America are more favorable in H2 2017 as compared to H1 2017
– Over, two-fifths of the respondents felt the supplier prices of equipment in North America would remain constant during the next six months
– Globally, 68% of executives highlighted in improving operating efficiency as high priority over the next six months
– Skill shortages and political changes are the biggest concerns for industry executives operating in the Rest of the World region

Reasons to buy

– Helps organizations to make effective business strategy decisions by knowing the prevailing business conditions and sentiment within the travel and tourism industry
– Organizations will be supported in business expansion decisions by providing information about the projected change in sales performance and supplier prices during H2 2017 as compared to H1 2017
– Helps to improve operational efficiency of the organization by knowing about key priorities and the main concerns of travel and tourism industry executives
– Helps to alter investment allocation by understanding key focus areas highlighted by survey respondents during H2 2017 as compared to H1 2017