Global Travel & Tourism industry profile
provides top-line qualitative and quantitative summary information including:
market size (value 2013-17, and forecast to 2022). The profile also contains
descriptions of the leading players including key financial metrics and
analysis of competitive pressures within the market.
Essential resource for top-line data and
analysis covering the Global
Travel & Tourism market. Includes market size and segmentation
data, textual and graphical analysis of market growth trends and leading
companies.
The travel and tourism industry consists of
revenues generated by passenger airlines, passenger rail, foodservice, hotels
and motels, travel intermediaries and casinos and gaming.
The airlines industry comprises passenger air
transportation, including both scheduled and chartered, but excludes air
freight transport. Industry volumes are defined as the total number of revenue
passengers carried/enplaned (departures) at all airports within the specified
country or region, excluding transit passengers who arrive and depart on the
same flight code. For the US and Canada, transborder passengers departing from
either country are considered as part of the international segment. Industry
value is defined as the total revenue obtained by airlines from transporting
these passengers. This avoids the double-counting of passengers.
The passenger rail sector consists of all
passenger transport by 'heavy rail' services, including international,
inter-city, regional, and suburban trains ("Commuter trains" in US
terminology are included). However, light rail, tram/streetcar, Metro/Subway,
and similar trains are not included. Sector volumes are given in passenger-kilometers
(PKM) and international traffic is counted in the country of origin. Sector
values in the report consist of revenues generated by operating companies
through ticket sales, and so exclude state subsidies.
Foodservice is defined as the value of all
food and drink, including on-trade drinks not drunk with food, for immediate
consumption on the premises or in designated eating areas shared with other
foodservice operators, or in the case of takeaway transactions, freshly
prepared food for immediate consumption. Foodservice is restricted to the sale
of food and drink in specific foodservice channels defined below and excludes
vending machines.
The food service industry is valued according
to total sales of all food and drink (soft and alcoholic) in or through
accommodation outlets, pubs, clubs, and bars, full service restaurants, quick
service restaurants and fast food, and other. The accommodation segment
includes food and drinks sales in bed and breakfasts, guest houses, holiday
parks, hostels, and hotels and motels. The pub, club and bar segment includes
food and drink sales at nightclubs, private member and social clubs, and pubs
and bars. The other segment includes food and drink sales in leisure venues,
such as visitor attractions; mobile operators, such as vans and other mobile
operators; retailers, such as bakeries, convenience stores, delicatessens,
department stores, garden centers, service station forecourts, supermarkets and
hypermarkets, and other retail sales. Market volume is defined as the total
number of transactions.
The hotels & motels industry value
consists of all revenues generated by hotels, motels and other accommodation
providers through the provision of accommodation and other services. The total
value includes room revenue and non-room revenue, including casinos, shops and
telecommunication services. The industry is segmented according to the origin
of the revenues (leisure consumers and business consumers). Market volumes are
classed as the number of hotels in a country or region. Travel intermediaries
is part of a business that assists in selling travel products and services to
customers. The products may include airline tickets, car rentals, hotels,
railway tickets and package holidays that may combine several products.
The casinos and gaming market consists of all
forms of betting and gaming. All values are stated in terms of gross gaming
win. This is the total amount waged by customers minus the total amount paid
out to customers as winnings, but before the payment of any applicable taxes,
disbursements to charitable or other causes by games established for those
purposes, or other expenses.
The casinos segment covers all gambling
activities carried out within casino establishments, such as card games,
roulette, and slot machines located in casinos; tips and admission fees are
included, but additional revenues such as sales of food, drink, and
accommodation are excluded. The lotteries segment covers all state, private,
and charitable lotteries, and includes traditional draws, scratch card games,
and similar products offered by lottery operators. The sports betting and
related segment covers gambling on the outcome of horse races, football
matches, and other events, and includes gambling services offered by bookmakers
and also pari-mutuel/totalizator operators. The other segment covers bingo,
slot machines located outside casinos, pachinko, etc. In North America,
so-called 'Indian casinos' are covered in this segment, not the casino segment.
Online casino and gaming activity, with the exception of online purchases of
lottery entry, is not included. Recreation-only slot machines that do not pay
out any form of prize are excluded.
The report only includes gaming activities
that are legal in the country where they are offered. All currency conversions
were calculated using constant average annual 2016 exchange rates. The global
travel & tourism industry is expected to generate total revenues of
USD6,663.5bn in 2017, representing a compound annual growth rate (CAGR) of 4%
between 2013 and 2017. The foodservice segment is expected to be the industry's
most lucrative in 2017, with total revenues of USD3,776.0bn, equivalent to
56.7% of the industry's overall value. The Chinese foodservice segment is the
largest in the Asia-Pacific region, accounting for more than 60% of sales. This
strong sales growth has come about as the country has become increasingly
affluent, with a huge rise in the number of middle class consumers.
Save time carrying out entry-level research by
identifying the size, growth, major segments, and leading players in the global
travel & tourism market Use the Five Forces analysis to determine the
competitive intensity and therefore attractiveness of the global travel &
tourism market Leading company profiles reveal details of key travel &
tourism market players' global operations and financial performance Add weight
to presentations and pitches by understanding the future growth prospects of
the global travel & tourism market with five year forecasts
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