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Sector Analysis
The Global Budget Hotels Market to 2019
The US is the largest market in the world for budget hotels in terms of room supply (867,695 rooms in 2014) and the UK is the second largest but is significantly smaller (just 35% of the US’ total size). The US also tops the list in terms of revenues and again the UK is ranked second, though with a relatively smaller difference compared to the room supply difference. This clearly implies that the US market is saturated and registers low...
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Sector Analysis
The Global Luxury Hotels Market To 2019
The US is the leader in the luxury hotels market in terms of both revenues and number of rooms available. Japan topped the list in terms of occupancy rate while Hong Kong recorded the highest average (room) revenue per available room (RevPAR) in 2014. Mexico recorded the highest number of guests in 2014 while the UK recorded the fastest growth during the historic period (2010-2014). France was the fastest growing market in terms of rooms available and revenues. 2015 was...
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Sector Analysis
The Global Car Rental Market to 2019
• The US was the leader in the car rental market in terms of both market value (US$30.7 billion in 2014 equivalent to 42.6% share) and fleet size (2 million rental cars). The US also had the highest utilization rate (81% in 2014), rental occasions and rental days. China was the fastest growing market in terms of market size (CAGR 22.42%) and fleet size (CAGR 18.47%) during the historic period. Switzerland topped the list in terms of average revenue per day...
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Sector Analysis
The Global Low-Cost Airline Market to 2019
• Over the last 10 years in the Southeast Asia region, the capacity of the LCCs had increased by almost eight times from 25 million seats in 2004 to almost 200 million in 2014. During the same period, the capacity of Full Service Airlines (FSA) increased from 180 million seats in 2004 to 260 million seats in 2014 • In the domestic US market, LCCs are considered to be the fastest growing business segment. When the FSA reduce their flights on certain...
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Sector Analysis
Top Inbound Tourism Markets, Trips and Spending per Country To 2019
• The maximum number of tourists to the US came from Canada, with 30.7% of total international arrivals in 2014. Approximately 22.9 million Canadians visited the US in 2014 • The maximum number of tourists to China came from Hong Kong, with 46.5% of total international arrivals in 2014. Approximately 25.9 million tourists from Hong Kong visited China in 2014 • Tourists from UK were the largest spenders in Spain, spending US$16.9 billion in 2014. They accounted for a 21.9% share of the...
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Sector Analysis
Top Outbound Tourism Markets, Trips and Spending per Country To 2019
Mexico had the highest share of total outbound trips taken by Americans in 2014, at 28.5%. In 2014, 19.5 million Americans visited this country, making it the lead tourism destination Ukraine had the highest share of total outbound trips taken by Russians in 2014,at 11.5%. In 2014, 5 million Russians visited this country, making it the lead tourism destination In terms of outbound expenditure, the US was the largest market for Spanish tourists, with a share of 28.7% in 2014....
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Sector Analysis
Travel and Tourism in India to 2020
• The Indian travel and tourism sector is flourishing. Domestic trips grew by 9.7% in 2015, while expenditure increased by 7.6%. The rising middle class and increasing disposable incomes continued to support the growth of domestic and outbound tourism. Outbound trips totaled 19.9 million in 2015, up by 8.7%. Inbound trips grew at a CAGR of 6.8% during the historic period (2010-2015). The US is the largest source market for India and the continued depreciation of the Indian currency against...
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Analyst Opinions
Source Market Insights: USA
Although Americans are traveling more than ever due to the improving economy, their holiday choices have remained conservative with familiar top destinations of Mexico and Canada continuing to be the most popular choices for the past decade. However, both China and Germany have appeared to increase their appeal to US visitors, most likely as both are significant trading hubs for the US. Transport accounts for the highest amount of outbound spending among Americans, with over 31% of overall outbound expenditure...
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Sector Analysis
Travel and Tourism in Japan to 2020
Japan’s inbound tourism depicted strong growth during the historic period (2010–2015), supported by the large influx of Chinese tourists during 2014 and 2015. The unending tensions between China and Hong Kong means Chinese tourists prefer Japan over Hong Kong. Moreover, as Tokyo is set to host the 2020 Summer Olympics and Paralympics, inbound arrivals are expected to grow continuously over the forecast period (2016–2020)With a remarkable rise in the number of inbound tourists, the country is expected to face a...
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Sector Analysis
Travel and Tourism in the US to 2020
The travel and tourism sector in the US demonstrated moderate growth in 2015. Domestic arrivals grew by 2.4% with 2.2 billion trips, while expenditure was up by 2.8% and stood at US$720.7 billion. This increase can be attributed to moderate economic growth and decreasing unemployment rates. Visiting friends and relatives (VFR) is the key purpose for taking domestic trips in the US. Due to a stronger US dollar, outbound trips recorded robust growth in 2015 while international arrivals’ growth slowed...
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