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361 posts categorized "Travel and Tourism"

March 4, 2015

The Rising Power of Female Consumers

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Webinar | Thursday, March 19 | 9 a.m. CST / 2 p.m. GMT

The global female population totalled an estimated 3.6 billion in 2014 and is expected to reach 4.2 billion by 2030. Average disposable income amongst women is the highest it's ever been, and women are living longer than men.

What are you doing to reach this growing market?

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Register now to learn:

  • The size and distribution of the female consumer market
  • Literacy and education rates
  • Labour participation
  • Purchasing power

 

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February 24, 2015

Opportunities and Challenges for the Travel Sharing Economy

AirBnB and Uber are prime examples of the dynamic nature of the global sharing economy. Alongside this rapid growth, legislative and regulatory challenges have arisen.  See Caroline Bremner speak at ITB Berlin on March 6, 2015 for complete insights into this rapidly evolving travel space.

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February 12, 2015

Meet Euromonitor at ITB Berlin to Learn More about the Travel Sharing Economy

The travel sharing economy is host to some of the world’s most famous peer-to-peer brands like Airbnb and Uber.  Benefiting from technological disruption, rapid urbanisation, Generation Y’s influence and smartphone proliferation, 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.  It’s a love-hate relationship as consumers enjoy the convenience and price of renting from peers, whilst travel players have been caught on the back-foot by the speed of change. Faced with legislative challenges, the future of the sharing economy remains uncertain, however, Euromonitor International expects travel and retail heavyweights to enter the fray and add to the sector’s legitimacy.  

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Continue reading "Meet Euromonitor at ITB Berlin to Learn More about the Travel Sharing Economy" »

February 5, 2015

Interview Series: Nikolay Tonkoff, Creative Director, at Like.Bulgaria

Nadejda_PopovaInterview conducted by Nadejda Popova - Senior Travel and Tourism Analyst

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Euromonitor International is pleased to present an interview, which focuses on a new Bulgarian social project called Like.Bulgaria and its impact on the travel industry in the country. Nadejda Popova, Senior Analyst – Travel and Tourism, spoke to Nikolay Tonkoff, Creative Director, at like-bulgaria.com.

Can you please introduce the project? What are its main business objectives, overarching digital strategy and available resources? How did it all start?

It all began as a joke. One morning, I had this idea, which I posted on Facebook and then it took off from there. To make a tourism brand is not that easy. Like.Bulgaria has managed to appeal to many people and to be liked by more than 33,000 people on Facebook since it was set up. The reason it was created, back at the start of 2013, was to promote a new Bulgarian tourism logo. As it happened, the new tourism logo caused a big wave of negative reactions among trade representatives and Bulgarian travellers.

Continue reading "Interview Series: Nikolay Tonkoff, Creative Director, at Like.Bulgaria" »

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.

Continue reading "Top 100 City Destinations Ranking" »

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.

Continue reading "Uber and Out? What Might the Future Hold for the Controversial Car-Sharing App?" »

January 8, 2015

Ryanair: Expanding East Requires Different Strategy

Nadejda_PopovaAnalyst Insight by Nadejda Popova - Senior Travel and Tourism Analyst

View Nadejda Popova's profile on LinkedIn

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.

Continue reading "Ryanair: Expanding East Requires Different Strategy" »

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Recent Posts

The Rising Power of Female Consumers

Opportunities and Challenges for the Travel Sharing Economy

Meet Euromonitor at ITB Berlin to Learn More about the Travel Sharing Economy

Interview Series: Nikolay Tonkoff, Creative Director, at Like.Bulgaria

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