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January 29, 2015

Analysing the Changes and Opportunities of Southwest Airlines

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Nadejda_PopovaPodcast features Nadejda Popova, Senior Travel and Tourism Research Analyst

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Southwest is among the largest low-cost airlines in the world. Over the years, Southwest has been focused on developing its domestic market, but now the company is beginning to push international expansion very aggressively. The airline is additionally expanding its positioning in the domestic market through increased capacity in major airports and trying to lure more business travellers on board. Listen to the podcast to complete insights.

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January 27, 2015

The Implications of the New US / Cuba Travel Policy

US travellers are now allowed to travel to Cuba for business, but tourist travel is still banned. Air travel will still need to be booked through charter services until the two nations can come to an air travel agreement to allow scheduled trips.  We expect these changes to begin implementation as early as 2016. Watch the video for complete insights.

David McGoldrickVideo Features David McGoldrick - Research Analyst

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Top 100 City Destinations Ranking

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Euromonitor International is pleased to release its annual Top City Destinations Ranking, covering 100 of the world’s leading cities in terms of international tourist arrivals. The continuing increase in arrivals to these cities illustrates their economic strength, as well as the sustained importance of urban centres to global tourism, both business and leisure. In fact, these cities combined grew by 5.4% in 2013 –higher than the 4.8% growth experienced by overall international arrivals.

Interested in global travel trends? Download The WTM Global Trends Report now!

 

Asian cities account for a third of the most visited cities

Over a third of all destinations are located in the Asian Pacific region, illustrating strong regional travel trends within Asia, as well as the growing connections throughout the region. Within the top 10, six of the leading cities are from Asia, with the top three remaining unchanged from last year – Hong Kong, Singapore and Bangkok. These three Asian mega-cities serve as some of the top destinations for Chinese travellers as well as being air network hubs. Bangkok showed the strongest growth among the top 10 cities, up 10.4% from 2012 to reach 17.4 million arrivals, despite political unrest breaking out at the end of the year. Chinese visitors are key to Thailand’s booming arrivals, with close links between the countries as well as efficient and short transport connections.

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January 26, 2015

Trends Emerge from Top City Destinations Rankings

Euromonitor is pleased to release the top city destinations ranking for 2013. Combined, these 100 cities saw overnight arrivals grow by 5.4% in 2013. As China's cities struggle to maintain inbound travel numbers, Chinese travellers are increasingly venturing further abroad. Due to its recent economic woes, Russia is weakening as a source market for Eastern European beach destinations. Additionally, the US is finally seeing rapid growth in outbound international travel for the first time since the recession. Watch the video for complete insight and stay tuned for the complete list to be posted tomorrow.

Michelle GrantVideo features Michelle Grant - Travel and Tourism Research Manager

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January 13, 2015

Uber and Out? What Might the Future Hold for the Controversial Car-Sharing App?

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

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Uber is one of the most divisive and controversial brands to emerge from the sharing economy and the aftermath of the global economic crisis, causing disruption to urban transportation, including taxi firms and car rental players. The question is can the brand survive the ride-share storm and transform itself into a business that local governments want to actively promote and nurture, rather than stamp out completely?

Riding fast and furious

Despite the controversy it causes, Uber – a taxi and ride share app, founded in San Francisco in 2009 – has gone from strength to strength. By the end of 2014, the company was valued at US$40 billion, following a new round of fundraising, with it doubling its worth in just six months. Uber now has a value several times higher than that of traditional car rental players, such as Hertz and Avis, and even that of some airlines, according to the Financial Times.

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January 8, 2015

Ryanair: Expanding East Requires Different Strategy

Nadejda_PopovaAnalyst Insight by Nadejda Popova - Senior Travel and Tourism Analyst

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With the European airline market increasingly competitive and economic conditions still in flux in the region, Ryanair is rumoured to be contemplating expansion in the Middle East and Russia, attracted by populous markets and rising demand for low-cost travel, which is hoped to boost passengers numbers.  

Ryanair is believed to be interested in growing, initially in several markets such as Russia, Lebanon, Israel, Jordan and Egypt. The airline is hoping to achieve this through the establishment of a potential base in Cyprus, which could allow easy reach to the Middle East and Russia through the establishment of Ryanair Cyprus.

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December 14, 2014

Asia Pacific Recap: Key Events that Shaped the Region in 2014

Euromonitor analysts discuss the key events impacting foreign investment, population, tourism, tax rates, social media, politics, consumer confidence and other factors impacting consumer spending trends in Asia Pacific countries moving into 2015. Watch the video for complete insights.

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December 6, 2014

Ebola Could Impact Africa's Business Landscape for Years to Come

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Alongside the tragic human cost of the Ebola outbreak in Africa, there is also a severe economic impact. It is raising the cost of foodstuffs and heightening the need for spending on healthcare infrastructure. This could trigger a rise in public debt and general government budget deficits in affected countries, as government struggle to divert enough financial resources to contain the outbreak. Nigeria’s outbreak is especially damaging as it is a key emerging market. It accounted for 33.7% of total GDP in Sub-Saharan Africa in 2013 and is one of the main catalysts for Africa’s rising economic prosperity. Tourism has also been hit in Sub Saharan Africa even in countries that are currently unaffected by the virus, which is likely to negatively impact real GDP growth in the region.

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Africa Tipped to Become Surfing Capital of the World

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Many emerging tourism destinations in Africa have identified surfing as a target market, reveals the WTM Global Trends Report 2014 by Euromonitor International, first released on Monday 3 November at World Travel Market.

South Africa has an established reputation with the international surfing community but other countries are gaining a foothold. Sierra Leone hosted a week-long competition and festival this September while Ghana will host the Africa Surf Series next year.

Some specialist tour operators are already active in the region. Family surfing holidays in Madagascar, Zanzibar and Mozambique are available from South African tour operator All Aboard Travel, while UK-based Errant Surf includes Morocco, Ghana, South Africa and Mozambique among its surf adventures itineraries. Other countries with potential include Liberia, Cote d'Ivoire, Cape Verde and Senegal.

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November 30, 2014

Euromonitor International Interview Series: Andrew Cunningham, Community Lead at Huge

Michelle GrantInterview conducted by Michelle Grant - Travel and Tourism Research Manager

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Euromonitor International is pleased to present an interview focused on Snapchat and the travel industry with Andrew Cunningham, Community Lead at the digital advertising agency Huge. He has written more detail about his thoughts on brands and Snapchat here. [Editor’s Note:  This interview was conducted on October 10th before many of the latest Snapchat features were announced.]

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Recent Posts

Analysing the Changes and Opportunities of Southwest Airlines

The Implications of the New US / Cuba Travel Policy

Top 100 City Destinations Ranking

Trends Emerge from Top City Destinations Rankings

Uber and Out? What Might the Future Hold for the Controversial Car-Sharing App?

Ryanair: Expanding East Requires Different Strategy

Asia Pacific Recap: Key Events that Shaped the Region in 2014

Ebola Could Impact Africa's Business Landscape for Years to Come

Africa Tipped to Become Surfing Capital of the World

Euromonitor International Interview Series: Andrew Cunningham, Community Lead at Huge