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Travel and Tourism Industry Business Outlook and Procurement Report November 2016-April 2017

Travel and Tourism Industry Business Outlook and Procurement Report November 2016-April 2017


  • Products Id :- TT5660PR
  • |
  • Pages: 46
  • |
  • December 2016
  • |
  • |
  Request for Sample Report

Executive Summary

Canadean's Travel and Tourism Industry Business Outlook and Procurement Report examines executives' opinion on the business outlook and procurement activities during November 2016-April 2017. Organizations can know about key business priorities, supplier price variations, changes in capital expenditure, mergers and acquisitions within the global travel and tourism industry, and organizations perspective towards e-procurement.

Key Findings

China, India, and Russia will offer the most growth prospects for the travel and tourism industry over the next six months

The highest percentage of respondents expect the US to provide significant growth opportunities during November 2016-April 2017

Market uncertainty and rising competition are major challenges for organizations within the travel and tourism industry in November 2016-April 2017

Organizations within the travel and tourism industry will increase their use of technology and focus on internal operating cost reductions in November 2016-April 2017

Procurement activities on IT services will increase over the next six months

Synopsis

Mergers and acquisitions are expected to increase within the travel and tourism industry over the next six months (November 2016-April 2017) due to the global expansion of business, a need to secure market shares, especially in emerging destinations, the desire to maximize resources through investments, and the want to build immediate brand recognition. Market uncertainty and rising competition are major challenges for organizations within the travel and tourism industry during November 2016-April 2017. However, respondents are willing to increase their focus on improving operational efficiency and expansion in current markets. Furthermore, developing economies such as China and India are projected to offer significant growth opportunities for the global travel and tourism industry, due to the construction of new hotels and increasing disposable income in the respective countries. On average, global travel and tourism industries procurement expenditure is projected to increase by 5.6% over the next six months.

Reasons to Buy

Highlights key business priorities (including comparisons over the last six months) thus helping travel and tourism companies to realign business strategy

Organizations can develop or adjust business expansion plans by knowing the significant growth offering emerging and developed markets highlighted in the report

Make changes in procurement budget allocations through procurement budget projections anticipated by executives for November 2016-April 2017

Implement effective price management strategy by viewing supplier price variations highlighted for next six months



Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com
+91-9015378249
www.kenresearch.com

Introduction

Definitions

Methodology and sample size

Respondent profile

Global Business Outlook in November 2016-April 2017

Strategic business priorities

Emerging markets with significant growth potential

Growth potential for developed markets

Mergers and acquisition

Leading business concerns

Capital expenditure projections

Procurement Behaviors and Strategies

Potential changes in procurement resources and objectives

Procurement activity outlook in key areas

Global procurement budget projections

Planned change in procurement expenditure

Supplier prices outlook

Organizations' viewpoints on E-procurement

Appendix

Figure 1: Organizations Top Priorities-Overall, comparison (Apr 2016-Sep 2016 and Nov 2016-Apr 2017)

Figure 2: Organizations Top Five Priorities-By Region, Nov 2016-Apr 2017

Figure 3: Organizations Top Five Priorities-By Company Types, Nov 2016-Apr 2017

Figure 4: Emerging Market with Significant Growth Opportunities-Overall, comparison (Apr 2016-Sep 2016 and Nov 2016-Apr 2017)

Figure 5: Top Five Emerging Market with Significant Growth Opportunities-By Region, Nov 2016-Apr 2017

Figure 6: Top Five Emerging Market with Significant Growth Opportunities-By Company Types, Nov 2016-Apr 2017

Figure 7: Developing Markets with Prominent Growth Prospects-Overall, comparison (Apr 2016-Sep 2016 and Nov 2016-Apr 2017)

Figure 8: Top Five Developing Markets with Prominent Growth Prospects-By Region, Nov 2016-Apr 2017

Figure 9: Top Five Developing Markets with Prominent Growth Prospects-By Company Types, Nov 2016-Apr 2017

Figure 10: Change in Mergers and Acquisitions, Overall, comparison (Apr 2016-Sep 2016 and Nov 2016-Apr 2017)

Figure 11: Change in Mergers and Acquisitions, Regional, Nov 2016-Apr 2017

Figure 12: Change in Mergers and Acquisitions, By Company Types, Nov 2016-Apr 2017

Figure 13: Major Concerns for Organizations-Overall, comparison (Apr 2016-Sep 2016 and Nov 2016-Apr 2017)

Figure 14: Top Five Major Concerns for Organizations-By Region, Nov 2016-Apr 2017

Figure 15: Top Five Major Concerns for Organizations-By Company Types, Nov 2016-Apr 2017

Figure 16: Change in Capital Expenditure in Key Areas-Overall, Nov 2016-Apr 2017

Figure 17: Change in Capital Expenditure in Key Areas-By Region, Nov 2016-Apr 2017

Figure 18: Change in Capital Expenditure in Key Areas-By Company Types, Nov 2016-Apr 2017

Figure 19: Procurement Resources and Objectives Expectations-Overall, comparison (Apr 2016-Sep 2016 and Nov 2016-Apr 2017)

Figure 20: Top Four Procurement Resources and Objectives Expectations-By Region, Nov 2016-Apr 2017

Figure 21: Top Four Procurement Resources and Objectives Expectations-By Company Types, Nov 2016-Apr 2017

Figure 22: Change in Procurement Activities in Strategic Areas-Overall, Nov 2016-Apr 2017

Figure 23: Change in Procurement Activities in Strategic Areas-By Region, Nov 2016-Apr 2017

Figure 24: Change in Procurement Activities in Strategic Areas-By Company Types, Nov 2016-Apr 2017

Figure 25: Global Procurement Budget Outlook-Overall and Regional, Nov 2016-Apr 2017

Figure 26: Global Procurement Budget Outlook-By Company Types, Nov 2016-Apr 2017

Figure 27: Change in Procurement Expenditure-Overall and Regional, Nov 2016-Apr 2017

Figure 28: Change in Procurement Expenditure-By Company Types, Nov 2016-Apr 2017

Figure 29: Supplier Prices Expectations-Overall, comparison (Apr 2016-Sep 2016 and Nov 2016-Apr 2017)

Figure 30: Supplier Prices Expectations-By Region, Nov 2016-Apr 2017

Figure 31: Supplier Prices Expectations-By Company Types, Nov 2016-Apr 2017

Figure 32: Organizational Perspective on E-Procurement-Overall comparison (Apr 2016-Sep 2016 and Nov 2016-Apr 2017)

Figure 33: Organizational Perspective on E-Procurement-By Region Nov 2016-Apr 2017

Figure 34: Organizational Perspective on E-Procurement-By Company Types Nov 2016-Apr 2017

Single User License:
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Carlson Rezidor, Xiaoqi Kong Park, Steigenberger, Hyatt, Marriott International, Starwood, Banyan Tree Holdings, Accor

Business outlook, procurement, global, concerns, business priorities, emerging markets, developed markets, procurement objectives, budget, capital expenditure, supplier prices, E-procurement, Travel and Tourism


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