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333 posts categorized "Travel and Tourism"

September 17, 2014

Businesses in Asia Catering to Halal Tourism

With many Asian governments encouraging inbound tourism from the Middle East, businesses in the region are figuring out ways to attract these consumers. Tour operators are organizing packages around Muslim holidays lead by Muslim guides and including visits to mosques in addition to other notable destinations. Local spas, gyms, hospitals, and restaurants are also building new facilities in accordance with Halal requirements.

Video features Emil Fazira Kamari - Research Analyst

View Emil Fazira Kamari's profile on LinkedIn

 

September 16, 2014

Big Data, Unique IDs and Prescriptive Analytics: Revolutionising Online Travel Marketing

Angelo RossiniAnalyst Insight by Angleo Rossini - Contributing Online Travel and Tourism Analyst

View Angelo Rossini's profile on LinkedIn

Some of the most interesting recent developments in travel technology concern big data and prescriptive analytics. The convergence of these technological developments and the possibility of identifying online consumers through unique IDs are going to be some of the most significant factors affecting the online travel competitive environment in the next few years.

Big data analytics will increasingly enable companies to target consumers in a more personalised and effective way through the whole marketing mix. This will mean higher conversion rates for companies and a better consumer experience for customers. But these developments will also see some companies gain ground in the online travel competitive environment thanks to their superior ability to collect and analyse consumer data, and other companies to become less competitive, not being able to target consumers in a more customised way. 

Continue reading "Big Data, Unique IDs and Prescriptive Analytics: Revolutionising Online Travel Marketing" »

Euromonitor to Speak at WTM Vision Rimini at TTG Incontri

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WTM Vision Rimini at TTG Incontri

Date: 9 October 2014, 3-5pm

Location: Rimini Fiera, TTG Forum. Pad. C2

Presentation: The global economy is on the mend and tourist arrivals recorded another sharp performance in 2013, reaching record numbers of over one billion worldwide. While China and Russia drive outbound tourism growth, low cost carriers are increasingly successful worldwide and their business model is embraced by several schedule airlines and hotel sales see a global recovery led primarily by mid-priced outlets.

In this presentation, Angelo Rossini, Online Travel Analyst at Euromonitor International, will analyse the consumer trends and forces driving change in the travel industry and will showcase the latest developments in online travel. Angelo will assess how the online and mobile channels are re-shaping the travel industry and review the potential in this industry for big data analytics and wearable electronics. Euromonitor International’s research will help to answer burning questions such as how are online consumer demands changing and how should travel companies adapt their business models to be successful.

Continue reading "Euromonitor to Speak at WTM Vision Rimini at TTG Incontri" »

September 14, 2014

Competition between Expedia and Priceline Heats Up - Part 1

Angelo RossiniAnlayst Insight by Angelo Rossini - Contributing Online Travel Analyst

View Angelo Rossini's profile on LinkedIn

While online travel retail sales are continuing their steady growth globally, consolidation is increasing among online travel agencies, with Expedia and Priceline strengthening their positions as the most successful and innovative companies and constantly gaining share in the category.

Priceline managed to record the sharpest growth over the 2004-2013 period, which allowed the company to stand beside Expedia at the top of the global online travel agency (OTA) and travel intermediary ranking in 2013. Competition between the two OTA giants is getting tougher in 2014, with Priceline continuing its sharp rise and Expedia also achieving a remarkable performance.

Continue reading "Competition between Expedia and Priceline Heats Up - Part 1" »

September 11, 2014

The Impact of the Indian Budget on Consumer Goods and Services

Euroindia_Shreyansh.Kocheri_LThumbHosted by Shreyansh Kocheri, Research Analyst

The Union Budget of India for 2014-2015, presented on July 10 has an impact on almost every area of consumer goods and services in the country. Research analysts from Euromonitor International’s office in Bangalore, India respond to the budget in this podcast series.

 

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 Featuring:  Shabori Das - Research Analyst, Ina Dawer, - Senior Research Analyst, Manjunath Reddy - Research Analyst and Priyanshu Rana - Reseach Analyst

Introduction to the Big Indian Budget (mp3)

The Indian Budget's Impact on the Tobacco Market (mp3)

The Indian Budget's Impact on Internet Retailing (mp3)

The Indian Budget's Impact on Consumer Electronics (mp3)

The Indian Budget's Impact on Consumer Finance (mp3

The Indian Budget's Impact on Food and Beverages (mp3)

The Indian Budget's Impact on Travel and Tourism (mp3)

The Indian Budget's Impact on Apparel and Footwear (mp3)

September 9, 2014

Travel and the Sharing Economy

Caroline BremnerAnalyst Insight by Caroline Bremner - Head of Travel and Tourism Research

View Caroline Bremner's profile on LinkedIn

I am delighted to announce the launch of a new series of Thought Leadership global reports, with the first in the series focusing on Travel and the Sharing Economy.

The sharing economy has taken the travel and tourism industry by storm, tapping into the consumer zeitgeist for sustainable, authentic and local services when it comes to lodging, transport, activities, dining and finance, amongst others. We take a look at the key drivers behind the dynamic growth in the travel sharing economy, benefiting from technological disruption, rapid urbanisation, Generation Y’s influence and smartphone proliferation.

 

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Continue reading "Travel and the Sharing Economy" »

September 3, 2014

Halal Tourism a Growing Opportunity for Asia

A majority of Asian governments are making travelling easier on Muslim tourists by offering halal foods and prayer areas. Today, Hong Kong and South Korea are destinations for Muslim shoppers buying personal care and beauty products, and countries such as Japan are offering travel packages and information catered specifically to Muslim tourists. Although many initiatives are currently government oriented, private businesses stand to profit by catering to this consumer base.

 Watch on Youtube

Series of Bankruptcies of Tour Operators to Result in Further Decline of Tourism Flows from Russia

Marija MilasevicAnalyst Insight by Marija Milasevic - Research Analyst

View Marija Milasevic's profile on LinkedIn

In summer 2014, the Russian tourism industry was significantly affected by a number of serious bankruptcies of local tour operators. Six tour operators did not manage to solve their financial issues and declared bankruptcy. Many companies were unable to honour existing commitments – with more than 10,000 tourists left stranded in foreign destinations without return tickets and/or hotels booked for their stay. This resulted in a failure of trust among Russian consumers. Lack of consumer confidence, a weak legislative system, poor economic forecasts and a lack of promotion for domestic destinations will negatively affect the industry in the next couple of years.

Continue reading "Series of Bankruptcies of Tour Operators to Result in Further Decline of Tourism Flows from Russia" »

September 2, 2014

External Events Threaten to Upend the Airline Industry

Nadejda_PopovaAnalyst Insight by Nadejda Popova - Senior Travel and Tourism Analyst

Not long ago, the International Air Transport Association (IATA) announced that the airline industry was performing well and that there was huge potential with a forecast for global airline profitability to reach US$18 billion in 2014, compared to US$10.6 billion in 2013. Did it speak too soon? Geopolitical tensions, the Ebola virus outbreak in Africa, fuel price spikes due to the turbulent events in the Middle East, airplane crashes in war zones, airspace closures, terrorist threats and volcanic eruptions are all expected to challenge these predictions for a successful 2014. External factors will continue to drive uncertainty and test the financial muscle of global airline players, while putting at stake the survival of others.

 

Fuel Prices

The political tensions that erupted in the Middle East will continue to be a drag on the region’s economic prospects, but also globally. In addition, fluctuating fuel prices and regional turmoil are but a few of the ongoing threats to airlines’ growth and profit margins.

For the first six months of 2014 jet fuel prices recorded very low levels compared to previous years, which was leading to a snowballing effect, forcing many airlines to cut their hedges. This could bring more problems later in the year, however, if prices were to sharply rise and result in huge losses. According to IATA, the jet fuel price declined by 5.6% in August 2014 compared to the same period a year ago.

Continue reading "External Events Threaten to Upend the Airline Industry" »

Analyst Pulse: Trends in Mobile Travel Bookings

Backpacking-(2)

 

Hassle-Free Travel Arrangements

Smartphones often serve as ‘digital assistants’, managing schedules, booking reservations and otherwise assisting with day-to-day plans. In theory, smartphones should play a similar role in travel planning. But do consumers actually use mobile technology to arrange travel logistics? If not, what is preventing them from doing so? To further explore this topic, Euromonitor turned to its global network of analysts in over 80 countries, uncovering the trends they see among consumers in their local area.

Most Use Computers Rather than Mobiles to Book Travel

Mobile technology may be proliferating across the globe, but laptops and desktops are still the go-to channel for booking travel, especially when it comes to flights and hotels. In both cases, well over 90% of analysts report that consumers in their country typically use a computer to make reservations. By contrast, slightly over 20% agree that smartphone apps or mobile websites via smartphones are mainstream booking methods. Most consumers also rely on a laptop or desktop to book a rental car, though booking in person is also a common option for many. In-person reservations are even more popular when it comes to arranging activities at a destination. Meanwhile, one third of analysts report that consumers in their country book hotels and rental cars over the phone - evidence that hearing a human voice remains important to many consumers. 

Continue reading "Analyst Pulse: Trends in Mobile Travel Bookings" »

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Recent Posts

Businesses in Asia Catering to Halal Tourism

Big Data, Unique IDs and Prescriptive Analytics: Revolutionising Online Travel Marketing

Euromonitor to Speak at WTM Vision Rimini at TTG Incontri

Competition between Expedia and Priceline Heats Up - Part 1

The Impact of the Indian Budget on Consumer Goods and Services

Travel and the Sharing Economy

Halal Tourism a Growing Opportunity for Asia

Series of Bankruptcies of Tour Operators to Result in Further Decline of Tourism Flows from Russia

External Events Threaten to Upend the Airline Industry

Analyst Pulse: Trends in Mobile Travel Bookings