International Travel and Leisure Industry Drive Home Substantial Revenues, as Tourism Turns Into a Cultural Norm, According to New Report by International Industry Analysts, Inc.
San Jose, California (PRWEB) January 30, 2012
Stick to us on LinkedIn The fortunes in the outbound travel & leisure segment and to a certain extent, the trends in the inbound travel are really considerably dependent on a sound economy. Bleak economic prospects, lack of job security, low wage growth, less disposable revenue, high interest rates, fiscal tightening and others are all significant factors that dampen the spirits and deter the traveller, thereby blocking the conduits via which income flows into the travel and tourism marketplace. Over the coming years, travel and leisure industry outlook appears promising with rise in consumer spending on travel and tourism for each holiday and business trips. Although the international economic downturn in 2009 took a heavy toll on the travel sector globe more than, with drop in number of international arrivals and international outbound sales, the industry was fast to reverse the trend and get back on track in 2010. There was a marked improvement in international arrivals statistics, primarily owing to the impressive performance by creating regions such as Asia-Pacific and South America. The on the internet travel market place stayed insulated from the economic downturn, exhibiting consistent rise in sales and profitability. The vacation rental sector also defied all odds by staying afloat in the recessionary phase, primarily due to its widespread presence across the world wide web, thereby supplying effortless accessibility and affordability.
A segment that has witnessed remarkable growth in current instances is the short trips category, with low expense airlines driving up general demand. About 50% of outbound travel is produced by air, and slashes in airlines fare across the world have had a discernible positive impact on the volume of traffic in the travel sector. In addition, with increasing number of women taking to travel for each enterprise and leisure, the travel and leisure sector is poised for growth not just in terms of income, but also with respect to improvement of costly and handy ladies-friendly facilities. A majority of the women customers travel abroad for organization, and frequently combines company travels and leisure trips. Taking this into account, organization hotels have enhanced their offerings to contain females friendly services such as spas, salons, childcare facilities, and boutiques.
Asia is emerging as a considerable industry for each inbound and outbound tourism traffic, with China, India, and South Korea representing three key Asian destinations for majority of outbound travel. In the fray are other exotic regions outsides Asia such as Mexico, Brazil, Spain, Italy, Russia, and Norway. Unconventional or second-layer vacations spots have taken more than popularity of standard destinations. Additionally, special attractions such as the multi-generational family members trips and epicurean journeys are expected to turn into a vibrant trend in the close to future. Overtaking Spain, China became the third leading nation to be most visited, whilst luxury cruises in Egypt, Zimbabwe and India attracted a number of foreign tourists.
The investigation report titled Travel and Leisure: A International Outlook announced by Global Sector Analysts, Inc., supplies a collection of statistical anecdotes, industry briefs, and concise summaries of study findings. The report offers a birds eye view of the effervescent and dynamic globe of travel and leisure, and a peek into prevailing scenario with data-rich tables offering statistical findings on key regional and international parameters such as, tourist arrivals, tourism expenditure /receipts and spending on travel services amongst others. The report provides crisp primers on emerging trends shaping the industrys future, and insights into the spate of current mergers and acquisitions, and other noteworthy corporate developments. Travel marketplace trends and demographic behavioral patterns are neatly outlined, and illustrated with supporting market place data tables. Other regional markets briefly summarized, and annotated with tables contain Canada, Japan, Austria, Belgium, Denmark, Finland, France, Germany, Italy, Spain, Sweden, Switzerland, The Netherlands, UK, Australia, China, Hong Kong, India, Korea Egypt and others. Also included is an indexed, straightforward-to-refer, fact-finder directory listing the addresses, and make contact with facts of firms worldwide.
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a top publisher of off-the-shelf industry research. Founded in 1987, the company at the moment employs over 800 individuals globally. Annually, GIA publishes more than 1300 full-scale study reports and analyzes 40,000+ market place and technologies trends whilst monitoring more than 126,000 Businesses globally. Serving over 9500 clientele in 27 countries, GIA is recognized nowadays, as one particular of the world’s largest and reputed market place investigation firms.
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