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390 posts categorized "Travel and Tourism"

June 25, 2015

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

Wouter GeertsAnalyst Insight by Wouter Geerts - Travel Analyst

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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demands and the latest technologies in the sharing economy, the traditional concept of timeshare is at risk of becoming outdated.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" »

June 21, 2015

Euromonitor to Speak at ITB Asia 2015

ITB-AsiaEvent Name: ITB Asia 2015

Location: Marina Bay Sands Expo and Convention Centre

Event Description: ITB Asia is a annually held three day B2B trade show and convention for the travel industry; it is designed to become the primary event for the Asia Pacific travel industry, much like its parent event – ITB Berlin. Now in its eighth year in Singapore, ITB Asia will taking place at Marina Bay Sands. It is organised by Messe Berlin (Singapore) Pte Ltd and supported by the Singapore Exhibition & Convention Bureau.

Presentation Topic: The New Online Traveler in Asia

Continue reading "Euromonitor to Speak at ITB Asia 2015" »

June 13, 2015

OTA Sector Between Increasing Consolidation and the Possible Rise of New Key Players

Angelo RossiniAnalyst Insight by Angelo Rossini - Online Travel Analyst

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In 2014, we saw increasing consolidation in the online travel agency sector, with Expedia and Priceline dominating it thanks to organic growth and acquisitions. Both companies achieved gross bookings of over US$50 billion in the past year. Expedia strengthened its leading position in North America through the Travelocity acquisition and is expected to grow further in this region in 2015 following its Orbitz acquisition, which is likely to be approved by the antitrust authorities. On the other hand, Priceline recorded strong organic growth worldwide, especially thanks to the continuous success of its Booking.com subsidiary.

The dominance of these two companies in the OTA sector could, however, be challenged in the next few years by new emerging players, including technology companies, generalist retailers and Chinese online travel agencies.

Top Global Online Travel Agencies by Value Sales: 2013-2014OTAs

Source:  Euromonitor International  

Continue reading "OTA Sector Between Increasing Consolidation and the Possible Rise of New Key Players" »

June 10, 2015

Vistara – a New Star in the Indian Sky?

Shabori DasAnalyst Insight by Shabori Das - Senior Research Analyst

Vistara is a new airline launched in January 2015 by Tata Sons and Singapore Airlines. The new airline is a premium player that will provide a three-tier system of pricing, which is new to the Indian aviation industry. With the launch of Vistara, the Indian aviation industry will witness an increase in the number of people travelling by air as the fleet size will increase, along with connectivity across major and minor cities, which will help to move traffic faster. However, this will definitely impact the load factor of other airlines, which is expected to go down. The duopoly of the scheduled airlines will also be challenged due to the new pricing system being offered by Vistara. 

Vistara’s USP lies in its pricing strategy

The airline is the first in India to provide scheduled services with a three-tier fare system. The pricing strategy is similar to international airlines such as Virgin Atlantic and Cathay Pacific. This is expected to attract incoming tourists and corporate tourists – both domestic and international. The other two scheduled airlines continue to have only business and economy class in their pricing structures. Vistara, on the other hand, offers economy, premium economy and business class tickets. The pricing is quite different for each class, which is evident from the table below.

Continue reading "Vistara – a New Star in the Indian Sky?" »

June 2, 2015

LATAM Airline's Strategic Objectives and Challenges

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This podcast examines the performance and future strategies for LATAM Airlines based on the recently released Q1 results statement. Memership in the OneWorld Alliance will help the company strengthen it's international network, giving it strength beyond being the leading regional player.  Additionally, updating its fleet of aircraft will help move the company into a more competitive position.  Listen to the podcast for complete insights.

Continue reading "LATAM Airline's Strategic Objectives and Challenges" »

June 1, 2015

Sustainable Tourism in the Caribbean

Authorities in the Caribbean have been encouraging tourism companies to adopt sustainable practices in an effort to preserve the fragile ecosystems which draw tourists to the tropical countries. At the same time, many major hotel brands are looking to expand their investment there with new construction.  It will be a struggle for these economies to balance these interests.  Watch the video for complete insights.

Video features Fernando Cruz - Research Analyst

May 31, 2015

Turismo sustentable en el Caribe

Las autoridades en el Caribe han fomentado a las empresas de turismo para que adopten prácticas sustentables, en un esfuerzo por preservar los frágiles ecosistemas que atraen a los turistas a estos destinos tropicales. Al mismo tiempo, muchas de las grandes cadenas de hoteles buscan expandir sus inversiones y construir nuevos hoteles. ¿Será posible que estos destinos encuentren un balance entre desarrollo y sustentabilidad? Mira el video para más información.

Trends in Online Tourism in the Caribbean

Social media and other digital tools are having a large impact on how Caribbean destinations are marketing themselves to tourists. Additionally, online travel retailers and aggregators are expanding services in the region. Watch the video for complete insights.

May 30, 2015

Aerolíneas y el Caribe: principales tendencias

Las aerolíneas regionales e internacionales han tenido resultados alentadores en la región del Caribe. En 2014 varias aerolíneas agregaron destinos del Caribe y a medida que miramos hacia el futuro, será muy interesante ver cómo se desarrolla esta tendencia dada la reciente apertura de Cuba.

Trends in Airlines in the Caribbean

Both regional and international airlines boosted overall travel industry performance in the Caribbean. Last year, many airlines added Caribbean destinations and it will be interesting to see how this trend will continue with the opening of Cuba.

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Recent Posts

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

Euromonitor to Speak at ITB Asia 2015

OTA Sector Between Increasing Consolidation and the Possible Rise of New Key Players

Vistara – a New Star in the Indian Sky?

LATAM Airline's Strategic Objectives and Challenges

Sustainable Tourism in the Caribbean

Turismo sustentable en el Caribe

Trends in Online Tourism in the Caribbean

Aerolíneas y el Caribe: principales tendencias

Trends in Airlines in the Caribbean