Revival of Tourism Drives the Global Hotel Industry: New Market Research Provides Hard Data and Insights
FARMINGTON, Conn., March 18, 2013 /PRNewswire-iReach/ — Brightening prospects are in store for the global hotel industry as optimistic projections for revenue per available room (RevPAR) and occupancy rates are set to rise in 2013. Moreover, new trends are changing the hotel landscape as both buyers and suppliers are showing heightened interest in sustainable procurement practices, green initiatives, and an overall commitment to reducing their environmental impact. Meanwhile, health and wellness tourism is giving the industry a new edge and driving business growth across the global hotel industry.
Global Information (GII) presents highlights from selected travel and tourism market reports below. Interested parties can contact us for more details or explore more topics at our market research portal, at market research portal.
Based on an extensive survey drawn from Timetric’s exclusive panel of respondents from leading hotel industry companies, “Global Hotel Industry Survey 2013: Emerging Trends in Technology, Sustainability, Health and Wellness Tourism” provides a definitive analysis of emerging trends in the global hotel industry and explores how key industry dynamics and trends are set to change in 2013. Respondent opinions are offered on the following topics: changes in RevPAR and occupancy rates, key drivers of growth, emerging trends, technologies for improving operational efficiency, investment in online media channels, most implemented sustainability measures, cost saving targets, demand for health and wellness tourism, and existing health and wellness facilities
Learn more and request free sample pages from the full report at http://www.giiresearch.com/report/time263592-global-hotel-industry-survey-emerging-trends.html
Regionally-speaking, India ranks 65(th) in tourism industry competitiveness. This is good news for the Indian hotel industry. A new report by CARE Ratings, “Indian Hotel Industry” provides an overview of the industry, reviews the trends, and supplies detailed city wise analysis of scenario and demand drivers.
Learn more and request free sample pages from the full report at http://www.giiresearch.com/report/care225132-indian-hotel-industry-november-2011.html
As tourism rebounds, the travel intermediaries market, including travel agencies, tour operators, corporate travel houses, and global distribution systems (GDS), will also benefit from recovery. In North America, the travel intermediaries industry began to recover in 2010 after a major downturn in 2009, when industry revenue declined by 6.3% and traditional agencies lost sales to online channels.
According to “The North American Travel Intermediaries Market” a Timetric report, with the slow economic recovery during 2010 and 2011, consumer spending increased marginally as more leisure and business customers booked travel. However, traditional agencies registered continued declines in their revenues as they were increasingly replaced by online services. Traditional agencies are also being threatened by disintermediation. Suppliers such as airlines and hotels are taking several measures to cap or reduce the commissions paid to intermediaries, in order to reduce their distribution costs. Suppliers are encouraging customers to contact them directly for travel bookings by creating their own websites and by introducing a variety of price policies and loyalty programs. However, traditional channels continue to play vital role in developing customized travel packages.
Learn more and request free sample pages from the full report at http://www.giiresearch.com/report/time258741-north-american-travel-intermediaries-market.html
Euromonitor’s “City Travel Briefing: London” and “City Travel Briefing: Shanghai” interest travel executives who are focused on getting a detailed picture of the travel and tourism market in specific cities such as London and Shanghai.
Euromonitor International’s City Travel Briefing reports offer a comprehensive guide to dynamic city destinations. It reviews inbound, domestic and outbound tourism flows along with the main categories of travel accommodation, transportation and tourist attractions. It identifies the major trends and operators shaping the local market and offers strategic analysis of key factors influencing demand, including disposable income and connectivity.
Learn more and request free sample pages from the full report at http://www.giiresearch.com/report/eo168857-.html and http://www.giiresearch.com/report/eo127771-city-travel.html
Find more market research for the travel and tourism industry
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The reports above are just a few examples from the hundreds of research reports we have available for the travel and tourism market. For a free consultation on the market research you need, contact us today!
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