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Travel and Tourism Business Confidence Report H2 2015

  • August 2015
  • -
  • GlobalData
  • -
  • 48 pages

Summary
Respondents feel that the overall business confidence index for H2 2015 (July 2015-December 2015) has reduced in comparison to H1 2015 (January 2015-June 2015), which indicates that the Travel and Tourism industry is yet to recover from the ongoing global uncertainties. In spite of a reduction in business confidence index, increasing number of respondents state that the current economic conditions are stable and the future outlook remains positive as a result of an increase in disposable income, increasing demand for luxury travel, and the emergence of new business models. Over the next six months the industry would increase its expenditure towards new product development and green initiatives.

Key Findings
- The highest percentage of executives indicated a stable economic environment in H2 2015 (July-December 2015)

- Executives who operate in Europe and Asia-Pacific expect improvements in consumer confidence in H2 2015, as compared to H1 2015 (January-June 2015)

- On average, respondents anticipate the prices of equipment to increase by 2.3% over the next six months

- Respondents who operate in Asia-Pacific expect staff headcount numbers to remain stable in H2 2015, as compared to H1 2015

- Executives foresee an increase in expenditure on new product development and green initiatives over the next six months

Synopsis
Canadean's Travel and Tourism Industry Business Confidence Survey H2 2015 examines executive's opinion on business environment over July-December 2015. It also highlights existing economic condition, supplier price variations, sales performance, industry and company growth outlook, spending pattern and key priorities. Additionally, it provides information categorized by region and presents comparison with H1 2015 wherever applicable.

What else does this report offer?

- Current state of the global economy: examines prevailing economic conditions globally and across various regions

- Company and industry growth outlook: provides industry executives' expectations towards growth prospects of their company and the industry over the next six months

- Change in consumer confidence: analyzes travel and tourism industry executives' opinion about the change in consumer confidence during H2 2015

- Supplier prices projection: determines expected change in supplier prices across various categories and their impact on business confidence

- Change in staff headcount and sales performance: tracks expected change in staff headcount and sales for H2 2015 among industry executives globally

- Significant investment activities: highlights various areas in which industry executives intend to invest over the next six months

- Business concerns: provides information about potential business concerns indicated by survey respondents for H2 2015

- Key priorities: identifies top priorities of industry executives operating in various regions

Reasons To Buy
- The report would benefit organizations to make effective business strategy by knowing the prevailing business conditions and sentiment within the travel and tourism industry

- Organizations will be supported in business expansion decisions by providing information about projected change in sales performance and supplier prices

- Helps to improve operational efficiency of the organization by knowing about key priorities and major concerns of travel and tourism industry executives

- Helps to alter investment allocation by understanding key focus areas highlighted by survey respondents during H2 2015

Table Of Contents

Travel and Tourism Business Confidence Report H2 2015
Table of Contents
Introduction
Definitions
Methodology and sample size
Respondent profile
Confidence indexes
Economic state, growth prospects and consumer confidence
Existing economic environment
Industry and company growth outlook
Expected change in consumer confidence
Supplier prices, staff headcount and sales performance
Supplier prices expectations
Anticipated change in staff head count and sales projections
Anticipated change in spend on key activities
Business concerns and organizational priorities
Level of concerns and expected impact
Significance of potential business priorities
Appendix

List of Figures
Figure 1: Confidence indexes
Figure 2: Current economic condition - Overall (H2 2015) comparison (H2 2015-H1 2015)
Figure 3: Current economic condition - Region
Figure 4: Current economic condition - Region - H2 2015-H1 2015
Figure 5: Current economic condition - Those who operate and do not operate in a region
Figure 6: Industry and company growth prospects - Overall
Figure 7: Industry and company growth prospects - Overall - In detail - comparison (H2 2015-H1 2015)
Figure 8: Industry and company growth prospects - Region
Figure 9: Industry and company growth prospects - Region - H2 2015-H1 2015
Figure 10: Anticipated variation in consumer confidence - Overall (H2 2015) comparison (H2 2015-H1 2015)
Figure 11: Anticipated variation in consumer confidence - Region
Figure 12: Anticipated variation in consumer confidence - Region - H2 2015-H1 2015
Figure 13: Projected change in supplier prices - Equipment - Overall and regional
Figure 14: Projected change in supplier prices - Equipment - Regional - H2 2015-H1 2015
Figure 15: Projected change in supplier prices - Technology - Overall and regional
Figure 16: Projected change in supplier prices - Technology - Regional - H2 2015-H1 2015
Figure 17: Projected change in supplier prices - Power and Energy - Overall and regional
Figure 18: Projected change in supplier prices - Power and Energy - Regional - H2 2015-H1 2015
Figure 19: Staff headcount and sales outlook - Regional - H2 2015-H1 2015
Figure 20: Expenditure projection on key activities - Overall
Figure 21: Expenditure projection on key activities - Overall - H2 2015-H1 2015
Figure 22: Top five business concerns - Region
Figure 23: Business concerns - Overall and regional - A
Figure 24: Business concerns - Overall and regional - A - H2 2015-H1 2015
Figure 25: Business concerns - Overall and regional - B
Figure 26: Business concerns - Overall and regional - B - H2 2015-H1 2015
Figure 27: Top five organizational priorities - Region
Figure 28: Organizational priorities - Overall and region
Figure 29: Organizational priorities - Overall and region - Change compared to H1 2015

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