Travel and Tourism Industry Business Outlook and Procurement Review, Future Growth, Global Survey, In-depth Analysis, Share, Key Findings, Company Profiles.

Amid growing market uncertainty, increasing costs, and rising competition, organizations within the travel and tourism industry are planning to increase focus on improving operational efficiency and sustainability initiatives, and expansion in the current market. Mergers and acquisitions are expected to increase within the travel and tourism industry with emerging markets such as China, India, and Russia offering prominent growth opportunities.

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As organizations intend to increase their use of technology, and concentrate on internal operating cost reductions in H1 2017, procurement activities will increase on IT services and MRO activities. Consequently, procurement expenditure for travel and tourism organizations is projected to increase by an average of 5.9% over the next six months. Additionally, 58% of travel and tourism industry executives expect supplier prices to increase in the next six months and over one-fifth of travel and tourism industry executives highlighted limited or generalized deployment of e-procurement within their organizations.

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Scope

The majority of executives highlight improving operational efficiency and expansion in current market as key priorities for June 2018-November 2018

Executives who operate in Europe view Germany as the more significant potential developed market, compared to those operating in North America

Overall, 30% of respondents from large companies foresee no change in mergers and acquisitions activity in the coming six months

Organizations within the travel and tourism industry expect to increase their use of technology and focus on internal operating cost reductions in next six months.

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Key Findings

The majority of travel and tourism executives highlight improving operational efficiency and expansion in current market as key priorities for H1 2018
The highest percentage of respondents expect the UK to provide significant growth opportunities during the next six months
Globally, the highest percentage of executives expect an increase in merger and acquisition activity in H1 2018
The majority of executives across small and medium-sized companies expect more capital expenditure on IT infrastructure development in the next six months
In total, 32% of respondents expect the global procurement budget to remain within the US$250,000 range during H1 2018

Table of Content
Global Travel And Tourism Industry Business Outlook And Procurement Market Research Report 2018-2025
Chapter 1: Industry Overview of Global Travel And Tourism Industry Business Outlook And Procurement Market
Chapter 2: Technologies Market International and China Market Analysis
Chapter 3: Environment Analysis of Global Travel And Tourism Industry Business Outlook And Procurement Market
Chapter 4: Analysis of Revenue by Classifications
Chapter 5: Analysis of Revenue by Regions and Applications
Chapter 6: Analysis of Technologies Market Revenue Market Status.
Chapter 7: Analysis of Global Travel And Tourism Industry Business Outlook And Procurement Market Industry Key Manufacturers
Chapter 8: Sales Price and Gross Margin Analysis
Chapter 9: Marketing Trader or Distributor Analysis of Travel And Tourism Industry Business Outlook And Procurement Market
Chapter 10: Development Trend of Global Travel And Tourism Industry Business Outlook And Procurement Market Industry 2018-2025

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