Travel and Tourism Spending Market Will Be Massively Influenced By Macroeconomic Factors 2020-2025 | International Players - Hilton, Carnival, Airbnb, G Adventures, Crown Resorts, Accor
Overview of Global Travel and Tourism Spending Market:
The Global Travel and Tourism Spending Market is anticipated to attain substantial growth by the end of the forecast period (2020-2025). The Global Travel and Tourism Spending Market report explains that this business is predicted to register a noteworthy growth rate over the forecast period.
Significant key factors driving the growth of the Global Travel and Tourism Spending Market are increasing middle class population, growth in travels by millennial population compared to other generations, increased awareness among youth about travel destinations with growth in social networks, and decrease in cost of air travel are increasing the number of people travelling across the world. According to the World Bank, the number of international travel departures increased from 633.4 million in 1995 to 1.57 billion in 2017 increasing at a CAGR of 4.2% from 1995 till 2017. In 2016, globally as per WTTC, about 76.8% of travel revenue was generated from leisure travel and 23.2% of the revenue was generated from business travel.
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The Global Travel and Tourism Spending Market is segmented on the basis of Type, Application and Region. Based on the Type, the Global Travel and Tourism Spending Market is sub-segmented into Domestic Expenditure, International Expenditure and others. On the basis of Application, the Global Travel and Tourism Spending Market is classified into Leisure Travel, Religious Tourism, Business & Conference Travel, Sports Tourism and others.
In terms of the geographic analysis, The Travel and Tourism Spending Market in North America is expected to grow at the highest CAGR during the forecast period. Moreover, the presence of major players in the Travel and Tourism Spending Market ecosystem results in the increasing adoption of these systems in North America.
Global Travel and Tourism Spending Market Objectives:
1 To provide detailed information regarding key factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the Travel and Tourism Spending Market
2 To analyze and forecast the size of the Travel and Tourism Spending Market, in terms of value and volume
3 To analyze opportunities in the Travel and Tourism Spending Market for stakeholders and provide a competitive landscape of the market
4 To define, segment, and estimate the Travel and Tourism Spending Market based on deposit type and end-use industry
5 To strategically profile key players and comprehensively analyze their market shares and core competencies
6 To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
7 To forecast the size of market segments, in terms of value, with respect to main regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America
8 To track and analyze competitive developments, such as new product developments, acquisitions, expansions, partnerships, and collaborations in the Travel and Tourism Spending Market
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Top Leading Key Manufacturers are: Carnival, Airbnb, G Adventures, Crown Resorts, TUI Group, Adris Grupa, Hilton Worldwide Holdings, Accor, Balkan Holidays, OYO Rooms and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
International Business News:
Hilton (June 15, 2020) - Hilton CleanStay Brings New Standard of Cleanliness Worldwide in Time for Summer Travel - Hilton will begin a worldwide roll-out of a new program to deliver an industry-leading standard of cleanliness and disinfection to Hilton properties. Hilton CleanStay, created in collaboration with Lysol and Dettol maker RB and Mayo Clinic, includes new procedures to help Hilton guests enjoy an even cleaner and safer stay starting this summer.
Hilton and RB have expanded this partnership to support the global portfolio of hotels and the trusted RB family of products will be used in multiple markets around the world.
“For more than a century, our top priority has been the safety and security of our guests and Team Members. As the hospitality industry evolves to address travelers’ changing expectations – especially in the wake of the coronavirus pandemic – Hilton CleanStay is the latest evolution of our commitment to providing the peace of mind and confidence our guests need to travel freely, while protecting our Team Members,” said Chris Nassetta, President and CEO of Hilton.
“Though our hospitality may look different in the short term, around the world we are eager to welcome our guests once more and create the unforgettable experiences they have come to expect from Hilton.”
Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Travel and Tourism Spending in these regions, from 2013 to 2025 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
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Major Points in Table of Contents:
Global Travel and Tourism Spending Market Report 2020
1 Travel and Tourism Spending Product Definition
2 Global Travel and Tourism Spending Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Travel and Tourism Spending Shipments
2.2 Global Manufacturer Travel and Tourism Spending Business Revenue
2.3 Global Travel and Tourism Spending Market Overview
3 Manufacturer Travel and Tourism Spending Business Introduction
3.1 Carnival Corporation Travel and Tourism Spending Business Introduction
3.2 Airbnb Inc. Travel and Tourism Spending Business Introduction
3.3 G Adventures Travel and Tourism Spending Business Introduction
3.4 Crown Resorts Travel and Tourism Spending Business Introduction
3.5 TUI Group Travel and Tourism Spending Business Introduction
3.6 Adris Grupa Travel and Tourism Spending Business Introduction
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