Travel and Tourism Industry Business Confidence Report H1 2017
The existing economic environment is stable for the travel and tourism industry during H1 2017 (February 2017-July 2017). Survey results reveal that executives operating in the Asia-Pacific and North America project a more favorable opinion about the economic prospects in these regions for H1 2017. Growing affluence, rising disposable income, high demand of internet and smartphones that increases the convenience of flight and car rental booking, affordable prices, and increasing demand for car rentals on a daily basis are contributing to positive expectations about consumer confidence over the next six months. Executives foresee an increase in expenditure on new product development over the next six months. Moreover, customer retention and improving operational efficiency are the main priorities for survey respondents in H1 2017.
GlobalData's Travel and Tourism Industry Business Confidence Report examines executives' opinion about the business environment during H1 2017. It also highlights existing economic conditions, supplier price variations, sales performance, industry and company growth outlook, spending patterns, and key priorities. Additionally, the report provides information categorized by region.
What else does this report offer?
Current state of the global economy: examines prevailing economic conditions globally and across various regions
Company and industry growth outlook: provides industry executives' expectations towards the growth prospects of their company and the industry over the next six months
Change in customer confidence: analyzes travel and tourism industry executives' opinion about the change in customer confidence during H1 2017
Supplier prices projection: determines expected change in supplier prices across various categories and their impact on business confidence
Change in staff headcount and sales performance: tracks expected change in staff headcount and sales for H1 2017 among industry executives globally
Significant investment activities: highlights various areas in which industry executives intend to invest over the next six months
Business concerns: provides information about potential business concerns indicated by survey respondents for H1 2017
Key priorities: identifies the top priorities of industry executives operating in various regions
In total, 33% of survey respondents state that the current economic environment is stable, whereas 38% of respondents indicate that the economic condition is very favorable or favorable.
Only 29% of respondents who operate in Europe have favorable or very favorable opinion about the region during H1 2017.
The positive outlook towards company growth over the next six months is highest among executives with business operations in Rest of the World.
The majority of respondents with business operations in Asia-Pacific anticipate a significant increase in consumer confidence during the next six months.
Globally, 30% of Travel and Tourism industry executives expect an increase of 2% to 5.99% in the supplier prices of power and energy during the next six months.
Reasons to Buy
Helps organizations to make effective business strategy decisions by knowing the prevailing business conditions and sentiment within the travel and tourism industry
Organizations will be supported in business expansion decisions by providing information about projected change in sales performance and supplier prices
Helps to improve operational efficiency of the organization by knowing about key priorities and the main concerns of travel and tourism industry executives
Helps to alter investment allocation by understanding key focus areas highlighted by survey respondents during H1 2017
Table of Contents
Definitions and abbreviations
Methodology and sample size
Economic state, growth prospects, and consumer confidence
Existing economic environment
Industry and company growth outlook
Expected change in consumer confidence
Supplier prices, staff headcount, and sales performance
Supplier prices expectations
Anticipated change in staff head count and sales projections
Anticipated change in spend on key activities
Business concerns and organizational priorities
Level of concerns and expected impact
Significance of potential business priorities
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Corporate User License:
sbe hotels group, Mondrian Doha, DoubleTree by Hilton, DoubleTree by Hilton Hotel New York-Times Square West, Crescent Hotels and Resorts, Carlson Rezidor Hotel Group, Xiaoqi Kong Park Hotel, Choice Hotels International, Stratus Development Partners, Sonoma County, Mandarin Oriental Hotel Group, InterContinental Hotels Group (IHG), Golden Wave Sdn Bhd.
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