Global Tourism - Industry Market Research Report

Global Tourism - Industry Market Research Report

  • September 2019 •
  • 32 pages •
  • Report ID: 4386985 •
  • Format: PDF
Abstract

Global Tourism
The Global Tourism industry has performed well over the five years to 2019, with emerging economies continuing to stimulate growth. Moreover, countries in Asia and South America have experienced robust growth in per capita income, which has enabled consumers in these regions to take overseas trips in increasing numbers. The industry is highly fragmented and comprises both large conglomerates and small, local enterprises that operate in an increasingly competitive setting. Conglomerates that provide the world market with transport, accommodation, entertainment and travel arrangement services are at the forefront of the industry. Strong per capita income growth, rising consumer sentiment and declining global unemployment is anticipated to boost global tourism. Regarding both supply and demand, the industry is entering a new age dominated by emerging economies.

Tourism is defined as international visitors spending during across national borders travel primarily for business, convention or conference travel, government business, and the more familiar tourism for leisure, vacation or to visit friends and relatives. Major industries that benefit from tourism expenditure include domestic and international air transportation, accommodation services, food services, drinking places, automotive rental and travel agencies.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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