Last updated on April 19, 2014 at 21:20 EDT

Luxury Travel & Business Travel Industry – Strong, Challenging Market Growth Recovery

May 24, 2012

DALLAS, May 25, 2012 /PRNewswire/ –

ReportsnReports.com adds new market research reports on the Travel and Hospitality
Industry to its store. These reports focus on the Luxury Travel and Business Travel
segments and their status since the decline seen in 2009 as well as a five year forecast
for both sectors.

A. Luxury Travel: Experiencing The Best

Luxury travel continued to show a strong recovery in 2011, after the decline seen in
2009 and the healthy growth recorded in 2010. A key driver of growth was the rising number
of wealthy individuals worldwide, especially in China, Brazil and India, which are
expected to fuel a positive performance for luxury travel over the next five years. Luxury
travellers needs have also been evolving after the recession, with “experiential” travel
and sustainability now playing a more important role.

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B. Business Travel: A Challenging Recovery

The global business travel market recovered better than expected from the recession in
2009, but it is now facing challenges in Europe and the Middle East and Africa, where
economic and political troubles are hindering faster growth. However, future performance
is expected to be positive, and the key winners are Asia Pacific and Latin America.
Globally, operators benefited from the recovery, re-investing their recovered profits in
new services.

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Both these global briefing reports offer an insight into to the size and shape of the
Travel and Tourism market, highlights buzz topics, emerging geographies, categories and
trends as well as pressing industry issues. The studies identify leading companies and
brands, offer strategic analysis of key factors influencing the market from innovation,
pricing, channel distribution to economic/lifestyle influences. Forecasts illustrate how
the market is set to change and outlines the criteria for success.

Product coverage: Car Rental, Demand Factors, Health and Wellness Tourism, Tourism
Flows Domestic, Tourism Flows Inbound, Tourism Flows Outbound, Tourism Receipts and
Expenditure, Tourist Attractions, Transportation, Travel Accommodation, Travel Retail.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and
distribution data.

Why buy this report?

        - Get a detailed picture of the Travel and Tourism
          [http://www.reportsnreports.com/tags/travel-and-tourism-market-research.html ] market
        - Pinpoint growth sectors and identify factors driving change
        - Understand the competitive environment, the market's major players and leading
        - Use five-year forecasts to assess how the market is predicted to develop

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Source: PR Newswire