Pre-Register for the 2014 WTM Global Trends Report

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Every year, the travel industry is poised for the release of the WTM Global Trends Report produced by Euromonitor. Since its launch in 2006, the report has been at the forefront of accurately predicting major travel trends around the world.

  • Identify key trends set to shape the travel industry in seven regions: the Americas, the UK, Europe, Middle East, Africa, Asia, India 

  • Discover the latest dynamics in travel technology

  • Gain insight into to the size and shape of travel
    and tourism

  • Learn about pressing industry issues, emerging brands, destinations, demographics, growth categories and consumer trends

Pre-Register

Hear the Euromonitor travel and tourism team present the new trends set to shape the travel industry at WTM 2014

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Tweet using #WTMEMI anytime before Friday, November 14th to enter to win a free Euromonitor report of your choice!

 

October 31, 2014

Asia Pacific drives Global Cosmetic Lenses

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With the global society embracing individuality, image conscious consumers are increasingly experimenting with cosmetic contact lenses as a fashion accessory. Asia Pacific, namely the oriental countries such as Japan, Taiwan and China, are experiencing huge demand for cosmetic lenses. These consumers, mostly youths and the young working adults look to circle lenses (or limbal ring lenses) which allows for the appearance of a larger eye effect.

 

Have a question or a thought to add? Leave us a comment below.

October 30, 2014

Fashion Speaks: Facial Cleansing Devices and Fashionable Skin Care Products

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Facial cleansing devices have been boosted by claims of efficacy and quality reinforced by blogger endorsement.  Additionally these devices provide at-home alternatives to expensive spa treatments. This podcast discusses new product launches and product performance across key markets.

Part of our Fashion Speaks series, the other episode can be found here

Listen as MP3

Continue reading "Fashion Speaks: Facial Cleansing Devices and Fashionable Skin Care Products" »

Multi-Channel Strategies in Home Improvement Retailing

Home improvement retailers in France are experimenting with social media and other non-traditional channels.  For example, Leroy Merlin has launched an experimental program where consumers can share tools for free by making a reservation on Facebook and then borrowing them at the store. These initiatives are aimed at building consumer engagement and loyalty to combat showrooming trends. Watch the video for complete insights.

Marianne FerrariVideo features Marianne Ferrari - Research Analyst

View Marianne Ferrari's profile on LinkedIn

Envisioning the Future of Travel at the Skift Global Forum

Michelle GrantAnalyst Insight by Michelle Grant - Travel and Tourism Research Manager

View Michelle Grant's profile on LinkedIn

I had the pleasure of attending the inaugural Skift Global Forum on 9 October 2014, with a focus on the future of travel. It featured speakers from strategy, technology and digital, marketing and creativity. Although the speakers had differing backgrounds, the two recurring themes were the importance of storytelling and of engaged employees to future success in the travel industry.

Skift.com has posted the videos of the presentations here as well as the top quotes from each presentation here. While all of the sessions provided valuable insights, I’m going to summarise the five that I thought were the most forward looking. 

Continue reading "Envisioning the Future of Travel at the Skift Global Forum" »

October 29, 2014

Ingredients Companies Must Capitalise on Indian Appetite for Sweet and Savoury Snacks

John GeorgeAnalyst Insight by John George - Ingredients Analyst

Ingredients companies should increase their presence in India to better understand local trends and capitalise on the popularity of sweet and savoury snacks. Between 2008 and 2013, sweet and savoury snacks delivered a retail value CAGR of 26%. This contributed to the volume consumption of speciality ingredients in India growing by 13%. While other packaged foods also led to this growth, ingredients companies should recognise the superior potential of sweet and savoury snacks in India and take steps to ensure they are getting the most out of sweet and savoury snacks’ success.

Speciality ingredients influenced by sweet and savoury snacks

From 2008 to 2013, volume consumption of polysaccharides and oligosaccharides in India increased by 17%, while volume consumption of flavour enhancers increased by 14%. Sweet and savoury snacks accounted for 57% and 20% of polysaccharides and oligosaccharides and flavour enhancers use respectively, in India in 2013. Between 2013 and 2018, polysaccharides and oligosaccharides and flavour enhancers are forecast to be the speciality Ingredients companies should take note of the role of sweet and savoury snacks in this growth.

Continue reading "Ingredients Companies Must Capitalise on Indian Appetite for Sweet and Savoury Snacks" »

Africa's Markets of the Future

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View Sarah Boumphrey's profile on LinkedIn

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Euromonitor’s recently released Markets of the Future reports reveal the next eight Sub-Saharan African consumer markets with the brightest growth prospects – Angola, Côte d’Ivoire, Ethiopia, Ghana, Mozambique, Senegal, Tanzania and Uganda. These markets had a combined consumer spending of US$192 billion in 2013 and a combined population of 289 million. Between 2013 and 2030 their GDP will increase by 172% in real terms compared to 150% in Sub-Saharan Africa as a whole.

Continue reading "Africa's Markets of the Future" »

Próximo destino: mercado de turismo en Latinoamérica

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Jueves 30 de octubre | 11 a.m. CLST/3 p.m. CET

El crecimiento esperado para la industria de turismo en Latinoamérica durante los próximos 5 años es sumamente alentador, sobrepasando incluso al promedio global.

Acompáñanos a revisar los factores detrás de este crecimiento esperado y a identificar dónde están las principales oportunidades para los jugadores de la industria.  En este webinar haremos un repaso de importantes tendencias que están afectando al mercado y veremos cuál será su impacto hacia el futuro.

Regístrate ahora para obtener información acerca de:

  • El perfil de los viajeros que visitan América del Sur en la actualidad
  • La importancia de la tecnología en los viajes y el turismo hoy
  • El mercado actual de viajes y turismo en América Latina y las oportunidades
    para el futuro

Regístrate-ahora

 

Lifestyle Trends Boost Consumer Interest in Gardening

Cruz del BarrioAnalyst Insight by Cruz del Barrio - Head of Home and Garden Research

View Cruz del Barrio's profile on LinkedIn

Increased interest in health and wellness and environmentalism is helping to boost demand for gardening products, particularly among younger consumers. Consumers are increasingly interested in the provenance of the food they eat, a trend that has been reinforced by a number of widely publicised contamination scandals in Europe and China, fuelling a growing distrust of agribusiness. Others perceive it as a way of reducing their carbon footprint and shifting to a more sustainable lifestyle.

These trends are reflected by the increased popularity of GIY (“grow your own”) and urban gardening worldwide. Economic necessity is playing a role in this for some, particularly in markets such as Spain, where the global economic downturn has taken a particularly heavy toll.

Continue reading "Lifestyle Trends Boost Consumer Interest in Gardening" »

October 28, 2014

The Demographic Transformation of Japanese Cities

Kasparas AdomaitisAnalyst Insight by Kasparas Adomaitis - Cities Analyst

With the world’s highest life expectancy and one of the lowest birth rates, Japan is facing serious challenges due to its rapidly ageing population. Japanese in major cities age even faster than the country overall. Absence of well-integrated communities in city neighbourhoods, concentration of elderly citizens in certain areas, and rising costs of healthcare are only some of the issues that are currently experienced by Tokyo, Osaka, Nagoya and other cities in Japan. Social and consumer services need to adapt to the new reality in Japanese cities.

Change in Population 65+ in Japanese Cities and Change in Total Japan Population: 2008 - 2030

Source: Euromonitor International

Continue reading "The Demographic Transformation of Japanese Cities" »

Store Visit: Paul Bakery in Singapore Exemplifies the Rise of the Modern French Bakery Concept

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All photos by Euromonitor International

The specialist coffee shop segment has grown to become highly popular in many Asia Pacific markets, as young, urban consumers are attracted to their indulgent baked goods, hot coffee or tea, and social atmosphere. This has meant rapid growth in the region for specialist coffee shops as a category, at 14% value growth in 2013, but it has also led to fierce competition particularly in premium locations.

This competition has led to a need to differentiate, causing operators to think beyond the Starbucks-led coffee and espresso model and find different ways to pair the third-place benefits of modern coffee shops with various cuisines and concepts. One such resulting trend is the rise of the French bakery café, a niche that has gained popularity in higher-income markets such as South Korea and Singapore. These outlets pair the premium atmosphere and sleek, modern décor of a specialist coffee shop with the menu and service model of a more traditional café, offering consumers a more luxurious drinking and snacking experience that serves a wider variety of dining occasions. Paul bakery exemplifies this trend, combining a traditional French ambience with more modern amenities that appeals to high-income locals, European expats and tourists alike. Euromonitor visited an outlet in Singapore to get a better sense of the format’s key benefits and appeal:

Continue reading "Store Visit: Paul Bakery in Singapore Exemplifies the Rise of the Modern French Bakery Concept" »

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Recent Posts

Asia Pacific drives Global Cosmetic Lenses

Fashion Speaks: Facial Cleansing Devices and Fashionable Skin Care Products

Multi-Channel Strategies in Home Improvement Retailing

Envisioning the Future of Travel at the Skift Global Forum

Ingredients Companies Must Capitalise on Indian Appetite for Sweet and Savoury Snacks

Africa's Markets of the Future

Próximo destino: mercado de turismo en Latinoamérica

Lifestyle Trends Boost Consumer Interest in Gardening

The Demographic Transformation of Japanese Cities

Store Visit: Paul Bakery in Singapore Exemplifies the Rise of the Modern French Bakery Concept