Despite a decline in the number of inbound arrivals in 2017, Malaysia remained an attractive destination thanks to its affordability, ease of access and stable socio-political environment. Furthermore, over the review period the weak ringgit favoured inbound tourism and encouraged a rise in tourist spending on shopping, dining and leisure...
The online channel in Australia is forecast to continue to gain share from the offline channel, with mobile sales set to be a focus area for both airlines and intermediaries. Offering a seamless and personalised shopping experience will be the key to success for airlines. As sales growth through intermediaries is expected to slow, airlines...
Over the review period the travel industry continued to be hampered by rising jet fuel prices and thus air fares, increasing labour costs and security fears. Despite the official cash rate remaining stable at 1.5%, major banks across Australia raised mortgage rates, citing rising funding costs. However, this had little impact on Australians’...
Inbound tourism showed strong growth in Japan in both number of trips and total value sales during the review period, with neighbouring countries from the APAC region, including South Korea, China and Taiwan, remaining the main sources. The geographic proximity of these countries is set to make them key drivers of ongoing growth during the...
PESTLE Insights: Hungary - Macroeconomic Outlook Report Summary Central Hungary (Budapest and Pest) and Western Transdanubia (Zala, Vas and Gy?r-Moson-Sopron) generate around 58.0% of Hungarian GDP and comprise 40.7% of the country’s population, as of 2016 Total FDI inflows are expected to increase...
Despite the dominance of domestic airlines, competition continues to increase due to the entry of international airlines such as Ethiopian Airlines, Qatar Airways, RwandAir and Emirates. The companies also offer cheaper air tickets when compared to the country’s national carrier, Kenya Airways. In addition, competition from a growing number...
Over the forecast period, airlines in New Zealand is projected to post a positive performance, with scheduled airlines expected to experience the strongest increase in volume terms. The positive performance of overall airlines will be driven by rising disposable incomes in New Zealand and the resulting rise in demand for travel services. Strong...
The current international airport in Mexico City is the most important in the country, but is reaching maximum capacity, which is one of the main factors that could prevent tourism from growing further. The new international airport in Mexico City is one of the most important and long-awaited projects within the travel industry, and is expected...
Inbound arrivals continued to grow strongly in 2018, which was despite safety and security issues as well as the imposition of martial law in the Mindanao group of islands. Nevertheless, a relative drop in arrival numbers during the third quarter of 2017 was attributed to the declaration of martial law following the terror attacks in Marawi...
International arrivals to Thailand continue to record robust growth in 2018 in terms of number of trips. Growth in the number of arrivals from China has remained strong in 2018, with Chinese trips accounting for almost a third of all inbound arrivals. This is being driven by the expansion of new international routes particularly between Thailand...