Home » Travel and Tourism

399 posts categorized "Travel and Tourism"

August 28, 2015

Hotels Collaborating with Peer-to-Peer Lodging Platforms

Hotels are responding to the influx of peer-to-peer lodging platforms such as AirBNB in several ways. They are redesigning their style and booking process to cater to younger consumers as well as lowering prices. Some hotel chains are even starting to invest in peer-to-peer platforms. For instance, Hyatt is investing in One Fine Stay, a luxury home-sharing platform, and Wyndham is investing in Love Home Swaps. Collaboration is expected to continue in the future; a change from the historical fight between hotels and peer-to-peer platforms.

Wouter GeertsAnalyst Insight by Wouter Geerts - Travel Analyst, Lodging

View Wouter Geerts' profile on LinkedIn

August 27, 2015

Rise of Online Leisure Channel Drives Consumerisation of Corporate Travel

Angelo RossiniAnalyst Insight by Angelo Rossini - Online Travel Analyst

View Angelo Rossini's profile on LinkedIn

After disrupting the leisure travel competitive environment, the rise of online travel agencies (OTAs) and of other leisure online travel players, such as metasearch engines and aggregators of peer-to-peer tourist services, is also having a significant impact on corporate business travel. In fact, today’s business travellers, when booking their trips through managed programmes, are increasingly looking for the same level of freedom, convenience and service offered by online leisure players, and expecting a seamless travel experience thanks to mobile services. The gap between the offer of OTAs and corporate travel intermediaries results in business travellers turning to booking channels outside their managed travel programme and to open booking platforms such as TripLink by Concur.

The answer of travel management companies (TMCs) to these developments is to embrace online travel innovation, offering their customers the possibility to choose between traditional phone transactions and online self-booking tools, including a growing number of available online platforms and travel services. TMCs are also increasingly assisting their customers during their trips through mobile apps to enhance their travel experience.

Corporate Business vs Leisure Intermediaries Global Travel Sales in 2014

Corporate-travel1

Source: Euromonitor International

Continue reading "Rise of Online Leisure Channel Drives Consumerisation of Corporate Travel" »

August 20, 2015

Hear Euromonitor speak at World Travel Market (WTM) 2015

WTM_LONDON_LOGO_2015

Celebrating 10 years of partnership with World Travel Market (WTM), the leading global event for the travel industry, Euromonitor is pleased to reveal the emerging global travel trends identified by the WTM Global Trends Report on Monday 2nd and Tuesday 3rd November at London’s ExCel Centre.

For ten consecutive years, the WTM Global Trends Report by Euromonitor International has been at the forefront of accurately predicting major travel trends around the world, looking at how the travel industry is developing in a rapidly changing landscape.

The Global Travel Trends Report offers an insight into to the size and shape of travel and tourism and identifies pressing industry issues, emerging brands, destinations and demographics, growth categories and consumer trends.

Continue reading "Hear Euromonitor speak at World Travel Market (WTM) 2015" »

August 16, 2015

Euromonitor to Speak at Future of Tourism 2015

FOT Logo

Event Name: Future of Tourism & Responsible Tourism for Driving Revenue

Location: Kings Court Ballroom, Cinnamon Lakeside Colombo, Sri Lanka
Date:   September 28th (Monday), 2015

Event Description: With the fast and increasing speed of technological development and the increasing globalization, Travel & Tourism has been a point of focus globally. Following the Post- Millenial era, the Tourism Industry is experiencing rapid growth as well as dynamic change as with all other Industries.

However, research suggests that Travel & Tourism will be one of the most dominant industries in 2025 and beyond as mobility becomes easier and cheaper and interest to travel increases. 5 years after the end of the three-decade civil conflict, Sri Lanka is now focusing on long-term strategic and structural development. Tourism is one of the main industries in the economy of Sri Lanka and has experienced a steady increase in the Post-Conflict period. From 450,000 tourist arrivals in 2009 Sri Lanka has experienced an increase of 234% as it expects to reach 1.5 million tourist arrivals in 2015.

Together with this boom and other infrastructure development it is important to implement responsible Travel & Tourism practices.

Continue reading "Euromonitor to Speak at Future of Tourism 2015" »

August 11, 2015

¡Acompáñanos en el XXXVII Congreso Achet 2015!

XXXVII-Congreso-anual-Achet

Nombre del evento: XXXVII Congreso anual Achet

Para más información: http://congresoachet.cl/

Fecha: 29 de agosto- 1 de septiembre, 2015

Día, fecha y hora de nuestra presentación:  Lunes 31 de agosto de 9 a 10 am, Copiapó, Región Atacama, Chile

Acerca del evento: Organizado por ACHET (Asociación Chilena de Empresas de Turismo), el  el XXXVII Congreso Achet es uno de los encuentros gremiales de la industria del Turismo y los Viajes de Chile más relevantes. El Congreso es un puente para la innovación, la integración y la apertura de nuevos espacios de discusión y análisis de la industria Turística Mundial.

Continue reading "¡Acompáñanos en el XXXVII Congreso Achet 2015!" »

July 30, 2015

The Rumour Mill Keeps Turning – Will Starwood Go Intercontinental?

Wouter GeertsAnalyst Insight by Wouter Geerts - Travel Analyst, Lodging

View Wouter Geerts' profile on LinkedIn

Starwood Hotels and Resorts’s future is still uncertain, and while possible acquisition suitors have come and gone, the industry still believes that eventually some M&A developments will happen. In May I discussed what a takeover by Wyndham Worldwide would look like, but concluded that neither company would gain strategically in terms of geographical coverage from a takeover.

Some new developments have now put a possible merger between Starwood and Intercontinental Hotels Group on the cards. Intercontinental recently sold its Hong Kong flagship to a consortium for £604 million, rumoured to be an effort to bring in the cash needed for a merger. This briefing discusses how this scenario differs from the Wyndham case, and highlights again that the global hotel chains might be better off considering their options with local players.    

Continue reading "The Rumour Mill Keeps Turning – Will Starwood Go Intercontinental?" »

July 25, 2015

Nepal’s Tourism Shaken by Natural Calamity

Shreyansh-KocheriAnalyst Insight by Shreyansh Kocheri - Research Analyst

Just as Nepal was recovering from a decade long political uncertainty, the country was hit by an earthquake of magnitude 7.9Mw in April 2015, with aftershocks being felt even in May. In the short term, various tourism segments will be negatively impacted by this; however it is expected that Nepal’s inbound arrivals will bounce back by the end of 2016.

Tourism a key contributor to the Nepalese economy

 The Nepalese economy witnessed its strongest real GDP growth of 5.5% in 2014 due to a rebound in agriculture and increased domestic demand. Tourism is an important industry for Nepal’s economy and is also one of the key sources of foreign exchange and revenue. According to the World Travel and Tourism Council (WTTC), the total direct contribution of travel and tourism to Nepal’s GDP was NPR75.6 billion, contributing 4.2% of the whole economy GDP in 2014.

Continue reading "Nepal’s Tourism Shaken by Natural Calamity" »

July 15, 2015

Grexit or Not: The Future of the Greek Travel Industry, In or Out of the Eurozone

Wouter GeertsAnalyst Insight by Wouter Geerts - Travel Analyst

View Wouter Geerts' profile on LinkedIn

Greece’s future in the Eurozone is on a knife-edge. Recent developments seem to secure Greece’s position in the Eurozone, but the future remains extremely uncertain. This uncertainty, combined with other volatility like the tragic events in Tunisia, greatly impacts the travel industry. According to the World Travel and Tourism Council (WTTC), the wider tourism industry in Greece accounted for 17.3% of GDP in 2014, meaning that any impact on the tourism industry will have a significant impact on the wider economy of Greece.  

Here, I will discuss two scenarios for the short to mid-term future of tourism in Greece, taking into account the correlation between GDP and arrivals performance, and the benefits of the “should I stay or should I go now” options. Future scenarios of the Greek economic outlook by Euromonitor International’s Economies team provides a useful framework to assess the different possible outcomes for tourism demand.  

Continue reading "Grexit or Not: The Future of the Greek Travel Industry, In or Out of the Eurozone" »

July 12, 2015

Euromonitor to Speak at HotelsWorld Australia New Zealand 2015

LOGO Hotels World 2015

Location: Sofitel Hotel, Sydney, Australia

Date: 27th-29th July 2015

Event Description: HotelsWorld comprises of three consecutive events over three days, including Hotels Investment World and Boutique & Lifestyle Hotels World. The theme of HotelsWorld 2015 is Think Global, Act Global...and Local as record numbers of inbound and outbound visitors to Australia and New Zealand take the region ever closer to regional and global markets, and as business and social networks break down geographic barriers for corporate and leisure travellers, both virtually and actually. Hoteliers everywhere are having to adapt daily, to meet guest needs in a world of change, and the event will cover this in its discussion of key issues, trends and opportunities in the world of hospitality.

Continue reading "Euromonitor to Speak at HotelsWorld Australia New Zealand 2015" »

June 25, 2015

Looking Below the Surface: Millennials as Timeshare’s Saving Grace

Wouter GeertsAnalyst Insight by Wouter Geerts - Travel Analyst

View Wouter Geerts' profile on LinkedIn

As the lodging industry is bending over backwards to keep up with consumer demands and the latest technologies in the sharing economy, the traditional concept of timeshare is at risk of becoming outdated. Timeshare developers were one of the first advocates of the sharing economy in the lodging sector, as their product offers the sharing of a holiday home, but the original long-term contracts for a specific period each year is an unattractive prospect for a growing group of consumers looking for new, exciting and authentic experiences every time they travel.

Tech-savvy Millennials are an increasingly lucrative target group, and timeshare developers and managers are investing to enhance and market the positive aspects of timeshare to attract these consumers. Increasing interventions from the industry demonstrate that short-term contracts and lifestyle brands are changing the industry positively, and could save the timeshare concept.

Continue reading "Looking Below the Surface: Millennials as Timeshare’s Saving Grace" »

Subscribe

 RSS Feed

Receive New Posts via Email:

 

Join us on...


Filter by Category

Filter by Geography

Filter by Industry

Recent Posts

Hotels Collaborating with Peer-to-Peer Lodging Platforms

Rise of Online Leisure Channel Drives Consumerisation of Corporate Travel

Hear Euromonitor speak at World Travel Market (WTM) 2015

Euromonitor to Speak at Future of Tourism 2015

¡Acompáñanos en el XXXVII Congreso Achet 2015!

The Rumour Mill Keeps Turning – Will Starwood Go Intercontinental?

Nepal’s Tourism Shaken by Natural Calamity

Grexit or Not: The Future of the Greek Travel Industry, In or Out of the Eurozone

Euromonitor to Speak at HotelsWorld Australia New Zealand 2015

Looking Below the Surface: Millennials as Timeshare’s Saving Grace