Showing posts with label Travel and Tourism Market. Show all posts
Showing posts with label Travel and Tourism Market. Show all posts

Monday, June 23, 2014

Travel and tourism Market Trends and Competitive Landscape to 2018



The Report “Travel and Tourism in Malaysia to 2018″ by Timetric is now available at RnRMarketResearch.com. Contact sales@rnrmarketresearch.com with “Travel and Tourism in Malaysia to 2018″ in subject line and your contact details to purchase this report or get your questions answered.
Synopsis
The report provides detailed market analysis, information and insights, including:
Historic and forecast tourist volumes covering the entire Malaysian travel and tourism sector
Detailed analysis of tourist spending patterns in Malaysia for various categories in the travel and tourism sector, such as accommodation, sightseeing and entertainment, foodservice, transportation, retail, travel intermediaries and others
Detailed market classification across each category, with analysis using similar metrics
Detailed analysis of the airline, hotel, car rental and travel intermediaries industries

Summary
The travel and tourism sector in Malaysia contributes significantly to the country’s economy and is therefore a focus area for investment. The sector performed significantly well during the review period (2009-2013), due to the government’s efforts to promote Malaysia as a tourism destination for both leisure- and business-related purposes. High investment in tourism, extensive tourism promotion and infrastructure development in related markets have all resulted in growth in both domestic and international tourist volumes.
Complete Report Available at http://www.rnrmarketresearch.com/travel-and-tourism-in-malaysia-to-2018-market-report.html
Scope
This report provides an extensive analysis related to the tourism demands and flows in Malaysia:
It details historical values for the Malaysian tourism sector for 2009-2013, along with forecast figures for 2014-2018
It provides comprehensive analysis of travel and tourism demand factors, with values for both the 2009-2013 review period and the 2014-2018 forecast period
The report provides a detailed analysis and forecast of domestic, inbound and outbound tourist flows in Malaysia.
It provides comprehensive analysis of the trends in the airline, hotel, car rental and travel intermediaries industries, with values for both the 2009-2013 review period and the 2014-2018 forecast period.

Key highlights
• Malaysia is a multi-ethnic and multi-religious country with extensive geographical diversity, tropical forests, exotic wildlife and spectacular beaches. The country’s capital, Kuala Lumpur, is home to both tall skyscrapers and colonial architecture. There are four UNESCO World Heritage sites in Malaysia, with two cultural: the Archaeological Heritage of the Lenggong Valley, and the Historic Cities of the Straits of Malacca, and two natural: Gunung Mulu National Park and Kinabalu Park.
• Malaysia is also known for its duty-free shopping, with several airports and islands such as Langkawi and Labuan having duty-free outlets. Shopping-related tourism activity is particularly high during the yearly campaigns organized by the Shopping Malaysia Secretariat, including the 1Malaysia GP Sale (from March 15 to April 6), the 1Malaysia Mega Sale Carnival (from June 28 to September 1), and the 1Malaysia Year-End Sale (from November 15 to January 4). The expenditure on tourist shopping in Malaysia recorded MYR18.6 billion (US$6.0 billion) in 2012, which increased by 6.3% to reach MYR19.8 billion (US$6.3 billion) in 2013.


Key highlights (Continued…)
Key highlights During the review period, land became the lesser-preferred mode of transport, with the share of departures by land (in total outbound departures) decreasing from 58.7% in 2009 to 56.0% in 2013. Preference for air travel increased, with shares in total outbound departures increasing from 36.0% in 2009 to 38.4% in 2013. Expanding operations of low-cost carriers (LCCs) such as AirAsia and Lion Air can be partially attributed for this rising preference.
• The airline market in Malaysia performed well during the review period, in terms of both passenger traffic and revenue. Increased demand for low-cost travel is the major driving force behind the growth of the airlines market. Malaysia has 62 airports, with eight catering to international tourists. Passenger traffic increased at a review-period CAGR of 8.09%, as passengers carried by domestic and international airlines grew from 52.1 million in 2009 to 71.1 million in 2013.
• Malaysia’s car rental market value rose at a review-period CAGR of 7.48%, from MYR2.4 billion (US$676.3 billion) in 2009 to MYR3.2 billion (US$1.0 billion) in 2013. Growth was fueled by an increase in international visitors and domestic tourists, as well as a rising number of business events in the country.
• Malaysia’s travel intermediaries revenue is expected to increase at a forecast-period CAGR of 4.76%, reaching MYR32.5 billion (US$10.4 billion) by 2018. The disappearance of Flight MH370 impacted business during March and April 2014, although the market will recover and continue to record growth during the year. This growth will be driven by increases in leisure and business travel, the promotion of VMY2014 in major source countries, and the development of e-commerce.


For further information contact sales@rnrmarketresearch.com / Call +1 888 391 5441.

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Tuesday, June 10, 2014

Travel and Tourism Industry Business Confidence Report Analysis 2014



Travel and Tourism Business Confidence Report Q2 2014: Order report by calling marketreportsstore.com at +1 888 391 5441 OR send an email on sales@marketreportsstore.com  with Travel and Tourism Business Confidence Report Q2 2014 in subject line and your contact details.
Synopsis
The report examines the prevailing economic conditions, and executives' opinions about the global and regional economies.
The report provides industry executives’ expectations on the growth prospects of their company and the industry during April–June 2014.
The report analyzes travel and tourism industry executives’ opinions on global changes in customer confidence during April–June 2014.
The report determines expected changes in supplier prices in various categories and their impact on business confidence, and examines the key factors influencing the changes.
The report tracks expected changes in staff headcounts and sales by industry executives in various regions during April–June 2014.
The report ascertains the various investment activities on which industry executives intended to focus on during April–June 2014.
The report examines industry executives’ attitudes towards various business concerns, and provides regional analysis.
The report identifies the immediate business priorities of travel and tourism industry executives during April–June 2014.
Summary
The Travel and Tourism Business Confidence Report Q2 2014 is a new report by Timetric that analyzes global industry opinions on the latest economic and customer issues, and their impacts on investment decisions and growth prospects within the travel and tourism industry. The report also examines executive opinions about the current and future state of the economy, and its effect on the industry. It analyzes the likely effect of supplier price changes, sales performance, and staff headcounts within the industry during April–June 2014. It also provides an overview of the key priorities, threats, and opportunities for the global travel and tourism industry during April–June 2014.
Scope
The report features the opinions of travel and tourism industry respondents about the economic overview, covering the following aspects:
The state of the economy
Growth prospects and customer confidence
Supplier prices and levels of expenditure
Organizational outlook and strategy
Reasons To Buy
This report is the result of an extensive survey drawn from Timetric’s exclusive panel of leading travel and tourism industry executives.
The report analyzes current economic conditions prevailing around the world and their impact on the travel and tourism industry.
The report forecasts company and industry growth prospects during April–June 2014.
The report provides information on the impact that consumer confidence, supplier prices, and staff headcount are likely to have on the investment decisions of industry executives during April–June 2014.
Key Highlights
Overall, 50% of travel and tourism respondents state that they are operating in a stable economic environment, while 33% state that the current economic conditions are favorable.
Most global travel and tourism industry respondents anticipate positive growth for both the company and industry over April–June 2014.
Industry respondents from the Rest of the World expect the highest growth in staff headcount and sales in April–June 2014.
Improving operational efficiency and retaining customers are key priorities of travel and tourism industry executives in all regions.
Complete Report available @ http://marketreportsstore.com/travel-and-tourism-business-confidence-report-q2-2014/ .  / Call +1 888 391 5441 for further information on “Travel and Tourism Business Confidence Report Q2 2014” report OR for any other market research and intelligence needs you may have for your business.

Friday, November 8, 2013

Latest Study On Business Travellers’ Airport Retail Trends 2014

This report is the result of global business travellers with regard to airport operators and retailers’ efforts to increase non-aeronautical revenues to capitalize on growing passenger volumes.





  It offers:
  • Analysis of trends in airport retail, with an exploration of how opportunities and demand are set to change in 2013-2014.
  • Access to the opinions and purchasing behaviours of business travellers, in addition to an examination of their expectations of total expenditure at airport retail outlets and necessary developments for better footfall.
  • Information categorized by age, gender, income levels, region, travel destination and travel frequency, in addition to comparative analysis between two years of survey results (wherever applicable). 
  • An examination of:
  • Store visits and time spend
  • Projection of shopping expenditure
  • Product selection criteria
  • Impact of new shopping features
  • Marketing initiatives
  • Prominent products and associated growth opportunities
  • Payment methods and their significance
  • Airports with best retail experience
  • Factors affecting business travellers’ purchasing demand
  • Duty-free shopping concerns
  • Most visible and popular products
  • Preferred product categories




This will facilitate:
  • Organizations developing accurate expectations with regard to travellers’ likely expenditure in airport retail outlets, and a proper understanding of the necessary developments for better business travellers’ footfall.
  • Identification of the key challenges and opportunities in shopping at duty-free and duty paid outlets, in addition to the key actions required to overcome the challenges.
  • Accurate perception of the significance of pre-planned and impulse buying behaviours at airport retail outlets.
  • Identification of key product categories that occupy a significant portion of airport retail space and recognition of the most popular products purchased in the last six months.
Promotional Offers Identified as the Key to Airport Retail Success in 2013-14
Promotional offers have been identified as essential for the airport retail industry for success in 2013-2014, according to leading consumer specialist report - Global Business Travellers  Airport Retail Trends, 2013-2014 – with 78% of survey respondents identifying the ‘promotion of price advantages over city-centre retailers’ as the key activity that can optimize the business of airport retailers.

This report is the result of an extensive survey of global business travellers with regard to airport operators and retailers’ efforts to increase non-aeronautical revenues to capitalize on growing passenger volumes. It offers analysis of trends in airport retail, with an explanation of how opportunities and demand are set to change in 2013-14, providing access to the opinions and purchasing behaviors of business travellers, in addition to an examination of their expectations of total expenditure at airport retail outlets and necessary developments for better footfall.

This information is categorized by age, gender, income levels, region, travel destination, and travel frequency, examining a wide range of variables in regard to purchasing behaviour in airport retail outlets. This facilitates the formulation of accurate expectations with regard to travellers’ behaviour, in addition to the identification of key challenges, opportunities, product categories, and promotional activities to maximize revenue in the airport retail market, thereby making Global Business Travellers’ Airport Retail Trends, 2013-2014 required reading for those seeking to position their businesses to meet the expectations and demands of global business travellers.

Some Key Insights Include:
  • When travelling by air, the highest percentage of passengers prefers to shop at retail stores.
  • Overall, 52% of respondents spent ‘US$25-US$100’ on shopping at duty free airport retail shops, whilst 45% spend ‘less than US$25’ at duty paid airport retail outlets.
  • Respondents expect ‘no or minimal change’ in their overall shopping expenditure at airport retail stores 2013-2014, with only 17% of respondents forecasting their overall shopping at airport retail stores to increase considerable over the next six months – a decline of 2% from the respondents who expressed similar opinions in 2012.
  • Tobacco, perfumes, cosmetics, and alcoholic beverages are the most popular products amongst pre-planned purchases, whilst art and craft, music and video, and clothing and footwear products are the most likely to be purchased on impulse. 
  • ‘Renowned brands at discounted prices’, ‘last minute gifts’, and ‘utilization of time’ are the key factors to induce purchase at airport retail stores.
  • ‘Occasional high prices’, ‘return or exchange of goods’, and ‘security concerns for liquid items’ are the most pressing concerns that influence shopping at airport retail outlets.
  • Promoting price advantages over city-centre retailers’ and ‘adapting offers to passenger profiles are crucial for business of airport retailers.
  • Dubai International Airport and Heathrow Terminal 5 Airport are the leading airports in terms of the retail experience offered to business travellers.