According to market research company Euromonitor International, growth in Chinese international travellers has benefited the duty-free sales channel as Chinese travellers look to save money by buying at duty free shops.
As the world remembers the events of September 11th 10 years on, Euromonitor International examines the impact on international tourism to the US and New York City. A decade of political turmoil for the US… 2000 was a record year for inbound tourism, with 51 million arrivals to the US, but the events of September […]
Members of loyalty programmes account for a large proportion of hotels’ occupancy and revenues, with many hotels reporting at least 30% of occupancy coming from their members. Not only do robust membership numbers help with potential revenue opportunities, both within programmes and in terms of sales of points to partners, but they also help persuade […]
The FIFA World Cup 2010 was held in South Africa between 11 June and 11 July 2010. Despite pre-tournament concerns about security and readiness, the competition was considered a success. Visitor numbers reached over 300,000 specifically visiting for the tournament, spending over US$1.5 billion during the month-long event. Over 60% of these were visiting South […]
Airlines in the US have the highest membership counts for their frequent flyer programmes in the world. While a large population helps support these figures, the US also has a large air network dominated by domestic flights and many flyers sign up for multiple programmes across carriers. Multiple memberships are not likely in Europe, with […]
Michelle Grant, Travel and Tourism Research Manager at Euromonitor International, explains the effects recent natural disasters in Japan will have on the travel and tourism industry. Right away, governments worldwide issued travel warnings for citizens going to Japan, and later advised their citizens to evacuate the country completely. Many residents of Tokyo have also left […]
Euromonitor International has evaluated the potential impact that the earthquake and tsunami in Japan may have on tourism flows, using past crises as a guide from H1N1 to SARS. Working within the framework of reviewing former disasters, Japan is likely to experience a drop of 50% or more in international arrivals in the immediate aftermath […]
In 2010, the US signed open skies agreements with Israel, Barbados and Colombia. The agreement with Colombia is the US’s 100th open skies agreement. The US initiated open skies agreements with national governments during the 1990s to deregulate international air travel. Open skies agreements allow air carriers from each country to set their own routes, […]
The recent terrorist attack on Domodedovo Airport in Moscow is not expected to cause a major drop off in demand in the short term due to the city’s reliance on business travel. However, the ongoing violence stemming from the conflict in the Caucasus is likely to threaten the long term development of Russia as a […]
On 17 December 2010, Mohamed Bouazizi set himself on fire after officials prevented him from selling vegetables without a permit in the town of Sidi Bouzida in Tunisia. This set off a wave of protests that eventually forced President Ben Ali to flee to Saudi Arabia on 14 January 2010. It is estimated that 100 […]
The tourism industry was one of the hardest hit by the recession. Tourism expenditure, which includes incoming tourist receipts and domestic tourism expenditure, fell by 8.4% globally. This was the largest decline of the decade.
On 13 August, LAN Airlines and TAM Airlines announced plans to merge through a holding company, called Latam Airlines Group. The brands will be operated separately. If the deal is finalised, the new entity will control over 17% of passenger revenues in Latin America, creating the largest airline in Latin America. Bigger is better for […]
Michelle Grant, Euromonitor’s Travel and Tourism Research Manager, continues her discussion about the tourism and travel industries in Las Vegas, with a specific look at the airline industry. Passenger traffic to Las Vegas dropped by 8% in 2009, however, unlike the hotel industry, the airlines were able to cut capacity to recoup some of their […]
To see the continuation of this video, click here. Michelle Grant, Euromonitor’s Travel and Tourism research manager, explains how the tourism industry in Las Vegas was harshly impacted by the economic recession. Visitation to the city dropped as travelers cut back on discretionary spending. The so called “AIG Effect” also had an impact on the […]
Sick of the rat race, Americans are looking to travel to enrich and fulfill their lives and turning to travel coaches to plan life changing trips. Euromonitor International believes that this small niche, spearheaded by the leading company Three Month Visa, has great potential.
In October 2009, Grupo Taca Holdings and the Synergy Group announced their plans to merge and create a new company, “Avianca-Taca Ltd.” In February 2010, the two companies received the regulatory and antitrust approvals to merge. Grupo Synergy owns 67% and Group Taca Holdings 33% of the new holding company.
From 2004 to 2009, Cambodia was among the fastest growing countries for the number of arrivals, doubling over the period to reach just over 2 million in 2009. Incoming tourist receipts grew by 160% over the same period to total US$1.5 billion. However, the global recession put the brakes on the annual double digit growth, but arrivals still grew by 1.7% in 2009.
On 4 March 2010, President Obama signed the Travel Promotion Act into law. The new law creates the Corporation for Travel Promotion, which is a not-for-profit organization. The Corporation will be responsible for promoting the US internationally as well as educating international visitors on visa and security requirements.
Click here to listen – In this episode of Globalcast, Euromonitor research manager Michelle Grant discusses the Freedom to Travel to Cuba Act and the impact it could have on travel should it pass in the coming years. Learn about: The push to lift the travel ban for Americans The role of the Cuban Ministry […]
Click here to listen – In this episode of Globalcast, Euromonitor International analyst Michelle Grant analyzes the impact President-elect Barack Obama will have on the global travel industry How international travel destinations will benefit from the election President-elect Obama’s expected involvement with the visa waiver program How will inbound tourism into the US be affected? […]
Download as an MP3 On January 19, 2012, President Obama signed an executive order allowing a task force to create a national tourism strategy in the US. Michelle Grant, travel and tourism industry research manager at Euromonitor, explains the strategy that will be set forth by this bill. The task force will promote national parks, […]