Home » Travel and Tourism

375 posts categorized "Travel and Tourism"

May 20, 2015

Airports: More than Getting from A to B…

Daphne KasrielAnalyst Insight by Daphne Kasriel-Alexander

View Daphne Kasriel's profile on LinkedIn

As the consumer experience of flying has perhaps become more basic for most of us in recent years, with ‘no-frills’ airlines and even scheduled airlines limiting perks to keep prices down, airports have blossomed into more than utilitarian transportation hubs. They now feel like odes to the consumption of goods and services, with a plethora of shopping and dining options and more recently fitness, sleep and tranquillity zones on offer. Globally, US$385 billion worth of airport projects are in progress, led by China and the Middle East, according to estimates by research body the CAPA Centre for Aviation. 

Customers prefer airports offering an experience

The biggest annual survey of airport passengers, the World Airport Survey, better known as the Passenger Choice Awards, from Skytrax, with 13 million completed surveys, offers ample proof. Voted the world’s best airport for the third year running in the latest edition of this barometer of air passenger satisfaction is Singapore's Changi Airport, which was also voted best airport for leisure amenities.  

Continue reading "Airports: More than Getting from A to B…" »

May 17, 2015

Bravofly Rumbo Challenges Global OTA Players in European Market

Angelo RossiniAnalyst Insight by Angelo Rossini - Online Travel Analyst

View Angelo Rossini's profile on LinkedIn

In the online travel agency sector, which is seeing steady growth but also increasing competition, some regional players with ambitious expansion plans are emerging in Europe and Asia.

The Bravofly Rumbo Group has, in the last three years, turned from a national into a leading regional player in the OTA sector in Europe. Its recent acquisition of Lastminute.com, a popular OTA brand in Europe, gives the company the opportunity to expand its sales from online air bookings to the more profitable online hotel bookings. To continue to grow, however, the Bravofly Rumbo Group will need to be able to compete successfully with the two global giants in this sector, Expedia and Priceline, which have been constantly growing over the past 10 years at the expense of other travel intermediaries, but also of direct bookings, through being at the forefront of technological innovation.

Continue reading "Bravofly Rumbo Challenges Global OTA Players in European Market" »

May 2, 2015

The Evolution of Domestic Tourism in Sub-Saharan Africa

Ronald-MapiyeAnalyst Insight by Ronald Tinashe Mapiye - Research Analyst

View Ronald Tinashe Mapiye's profile on LinkedIn

Euromonitor International spoke at the annual World Travel Market Africa in Cape Town recently and provided some insight into Domestic Tourism in the Sub-Saharan Africa region. Travelling is generally perceived to be none essential across most African countries, as such many people do not engage in the activity. There has been less investment from most governments across the region to encourage travel amongst locals and limited competition in terms of airlines operating in most African markets. The cost of travel is generally very high in Africa in terms of transport and accommodation and therefore limited income often restricts frequency of travel.

Continue reading "The Evolution of Domestic Tourism in Sub-Saharan Africa" »

April 28, 2015

Challenges and Opportunities in Targeting the Senior Consumer

250_seniorConsumer-v1.0The senior market is a lucrative market to explore. The population over 60 stood at 912 million in 2014, representing 12.6 percent of the global population. By 2030, this segment will account for 18 percent, reaching 1.5 billion globally. While China is the fastest growing ageing market with over 60s forecast to grow by more than 46 percent between 2014 and 2030, Japan has the oldest population, with a massive 33 percent aged over 60. Japan is a model on the impact of this demographic shift, showing the effects of different methods of governmental intervention and product development opportunities.

 

 

Download-Now

 

 

 

 

Key findings:

  • E-health, home assistance and elderly-friendly services will drive technology developments in the senior market, with health being the most dynamic consumer expenditure category through 2030.

  • Efficacy and natural features remain key features when it comes to marketing beauty products to the over 60s.

  • Demand for luxury goods focusing on heritage and craftsmanship is popular among senior consumers.

  • As senior consumers usually invest in timeless, quality clothing, an older population will have a negative impact on sales volume in the apparel market.

  • Presbyopia represents a key market driver in eyewear.

April 27, 2015

WTM Latin America Trends Report 2015

WTM-Latin-America-Cover

 

Over the next few years, inbound arrivals to Latin America will grow faster than the global average, bringing opportunities and challenges for businesses in the region.

This report identifies trends set to shape the travel industry in key Latin American regions including Brazil, South America, Central America and the Caribbean. It offers insight into the size and shape of the travel industry, identifying pressing industry issues, emerging brands, destinations, demographics, growth categories and consumer trends.


Download your free copy of the report to learn:

  • The top five destinations by arrivals in Latin America
  • How the global economy impacts travel in Latin America
  • Which trends are driving growth

Download-Now Descarga-Ahora Baixe-Minha-Copia


April 23, 2015

Airbnb and HomeAway: What You Need To Know (Part 2)

Wouter GeertsAnalyst Insight by Wouter Geerts - Travel Analyst

If one believes popular media, private rentals are crippling hotel sales. I have already debunked this idea, but it is true that the sharing economy is changing the hospitality landscape and offers new challenges and opportunities to hotels. Hotels and private rentals are not mutually-exclusive, and hotels can benefit from the sharing economy by considering the changing demands of travellers and by focusing on those services which make them stand out from alternative accommodation providers.   

Private rentals are stirring the pot

Airbnb and HomeAway have been busy in recent weeks. Airbnb closed a deal with the UK Government on 26 March, allowing its hosts to share their rooms for up to 90 days without registration, and it was named the official alternative accommodation supplier of the 2016 Olympic Games in Rio de Janeiro. HomeAway, meanwhile, made a minority investment in Canadian rental platform CanadaStays to strengthen its position in Northern America. With developments like these, private rental platforms will increasingly compete with hotels for sales. Arguably, there are a number of ways in which private rental platforms can outperform hotels:

Continue reading "Airbnb and HomeAway: What You Need To Know (Part 2)" »

April 16, 2015

TripAdvisor Challenges OTAs through Instant Booking Functionality

Angelo RossiniAnalyst Insight by Angelo Rossini - Contributing Analyst

View Angelo Rossini's profile on LinkedIn

TripAdvisor is currently one of the “Big Three” global players in online travel in terms of market capitalisation and web traffic, together with Priceline and Expedia. However, the company, in spite of its strong growth over the past five years in terms of both revenues and popularity with consumers, is less able to monetise its traffic than the other two big online travel players as it is currently not processing transactions on its sites, but provides links to external sites, and especially to its two largest customers, which are Expedia and Priceline themselves, earning advertising fees for this service.

The goal to finding a way to better monetise its traffic was behind the launch in 2014 of the Instant Booking functionality, based on a hybrid model that is between the OTA and media models. If this new functionality meets the favour of hotel companies and consumers, TripAdvisor will be able to increase its revenues and, at the same time, will become a direct competitor for OTAs.

Continue reading "TripAdvisor Challenges OTAs through Instant Booking Functionality" »

April 10, 2015

Airbnb and HomeAway: What You Need To Know (Part 1)

Wouter GeertsAnalyst insight by Wouter Geerts - Travel Analyst

View Wouter Geerts' profile on LinkedIn

Much has been written about the impact of peer-to-peer accommodation platforms, with the main focus on major players Airbnb and HomeAway. Their astronomical growth clearly justifies this attention. There is, however, very little clarity about the impact private rental platforms really have on the hotel industry. In this 2-part opinion series, the implications, challenges and opportunities offered by the rise of private rentals will be discussed, starting with contextualising the current financial power of Airbnb and HomeAway. Hoteliers might not yet be able to see the impact of private rentals on their bottom line, but rather than burying their heads in the sand, it is important that they consider the power that these platforms have to uproot and upset conventional practices.

Continue reading "Airbnb and HomeAway: What You Need To Know (Part 1)" »

March 28, 2015

Euromonitor to speak at the Personalisation Summit - 9th Ancillary Merchandising Conference

Ai_New_LogoBarcelona, 16th April 2015, 11.30 am

With IATA's New Distribution Capacity (NDC), the airlines industry is now one step closer to delivering more personalised travel. So, will 2015 be the year when "Big Data" combines with the promise of NDC to deliver the right product to the customer at the right time across any channel? Or will the drop in oil prices see the industry take its focuss off the revenues driven from ancillaries and merchandising? These issues will be addressed during the 9th Ancillary Merchandising Conference. This event will bring together industry stakeholders responsible for ancillary revenue generation to discuss the latest trends, best practices, actionable strategies and insights.

Continue reading "Euromonitor to speak at the Personalisation Summit - 9th Ancillary Merchandising Conference" »

March 25, 2015

Euromonitor International CEO Tim Kitchin to speak at the WTTC Global Summit 2015

WTTC-Logo[1]16th April 2015, 10.30 am

IFEMA, Feria de Madrid

The role of cities in driving Travel & Tourism within a nation’s economy has significantly changed in the past twenty years. The arrival of low cost airlines and the consumer shift towards more, shorter breaks has reinvented the city as destination. Euromonitor's CEO Tim Kitchin will highlight the strategic importance of cities in his key note speech, Cities for Success.

Tim’s presentation highlights the fundamental factors driving the irreversible shift to urban living and showcases which cities will drive tourism demand of the future and where travel players should be investing.

Tim will present Euromonitor’s Cities unique Framework for Success, highlighting key priorities as local governments around the world aim to strike the right balance between the demands of tourists and residents to build smart yet sustainable cities.

Continue reading "Euromonitor International CEO Tim Kitchin to speak at the WTTC Global Summit 2015" »

Subscribe

 RSS Feed

Receive New Posts via Email:

 

Join us on...


Filter by Category

Filter by Geography

Filter by Industry

Recent Posts

Airports: More than Getting from A to B…

Bravofly Rumbo Challenges Global OTA Players in European Market

The Evolution of Domestic Tourism in Sub-Saharan Africa

Challenges and Opportunities in Targeting the Senior Consumer

WTM Latin America Trends Report 2015

Airbnb and HomeAway: What You Need To Know (Part 2)

TripAdvisor Challenges OTAs through Instant Booking Functionality

Airbnb and HomeAway: What You Need To Know (Part 1)

Euromonitor to speak at the Personalisation Summit - 9th Ancillary Merchandising Conference

Euromonitor International CEO Tim Kitchin to speak at the WTTC Global Summit 2015