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Travel and Tourism in the US to 2020

  • February 2016
  • -
  • Canadean Ltd
  • -
  • 146 pages

Summary
Due to a stronger US dollar, inbound tourism recorded slower growth in 2015 compared to 2014, while domestic and outbound tourism registered strong growth. As a result, trips to Canada in particular increased sharply in 2015. Moderate economic growth supported the rise in domestic and outbound tourism. Over the forecast period, domestic trips are expected to increase at an average annual rate of 1.7% while inbound and outbound tourist volumes are projected to expand at a CAGR of 3.3% and 4% respectively.

Key Findings
- The travel and tourism sector in the US demonstrated moderate growth in 2015. Domestic arrivals grew by 2.4% with 2.2 billion trips, while expenditure was up by 2.8% and stood at US$720.7 billion. This increase can be attributed to moderate economic growth and decreasing unemployment rates. Visiting friends and relatives (VFR) is the key purpose for taking domestic trips in the US. Due to a stronger US dollar, outbound trips recorded robust growth in 2015 while international arrivals' growth slowed in comparison to 2014. Canadian arrivals to the US plunged by -1.8% in 2014 and -4.4% in 2015. The growth of inbound trips slowed from 7.1% in 2014 to 2.9% in 2015, while outbound trips were up by 7.2% in 2015 and totaled 73.2 million. Outbound expenditure stood at US$238.9 billion in 2015 and inbound expenditure valued US$193.7 billion The consolidation wave that took place in the last decade resulted in fewer airlines dominating at several airports in the US. This has enabled them to charge higher prices; domestic airfares have risen by 5% over the last decade after adjusting inflation. Today, among 100 big airports, a single airline dominates at 40 airports in terms of seats available. One or two airlines currently dominate at 93 airports

- The expanding hotel industry in the US is attracting offshore capital and drove acquisitions in 2015. According to JLL, a global real estate services firm, acquisitions valued US$10 billion during the first half of 2015, an increase of 77% over the corresponding period a year ago. China's relaxation of restrictions on insurance firms' investments in the overseas market in 2012 and the ongoing slowdown in the domestic real estate market is encouraging Chinese insurers to look for attractive assets globally. In 2014, Anbang Insurance Group, which is based in China, bought Waldorf Astoria from the Hilton Hotel Group for US$2 billion

Synopsis
Canadean's report - Travel and Tourism in the US to 2020 - provides detailed information on the country's tourism sector, analyzing market data and providing insights. This report provides a better understanding of tourism flows, expenditure, and the airline, hotel, car rental, and travel intermediaries industries.

What else does this report offer?

- Historic and forecast tourist volumes covering the entire US Travel and Tourism sector

- Detailed analysis of tourist spending patterns for various categories, such as accommodation, sightseeing entertainment, foodservice, transportation, retail, travel intermediaries, and others

- Analysis of trips by purpose and mode of transport, and expenditure across various categories including domestic, inbound, and outbound tourism, with analysis using similar metrics

- Analysis of the airline, hotel, car rental, and travel intermediaries industries by customer type - leisure and business travelers

Reasons To Buy
- Make strategic business decisions using historic and forecast market data related to the US's Travel and Tourism sector

- Understand the demand-side dynamics within the industry to identify key market trends and growth opportunities

- Direct promotional efforts on the most promising markets by identifying the key source and destination countries

Table Of Contents

Travel and Tourism in the US to 2020
Table of Contents
1 Executive Summary
2 Introduction
3 Travel and Tourism Sector in Context
4 Domestic Tourism
4.1 Market summary and key developments
4.2 Domestic trips and domestic expenditure
5 Inbound Tourism
5.1 Market summary and key developments
5.2 Inbound trips and inbound expenditure
5.3 Tourist arrivals from top 10 countries
6 State Tourism
6.1 Florida
6.2 California
6.3 Texas
6.4 Nevada
6.5 New York
6.6 New Jersey
6.7 Georgia
6.8 Arizona
6.9 Washington
6.1 Illinois
6.11 Massachusetts
6.12 Hawaii
7 Outbound Tourism
7.1 Market summary and key developments
7.2 Outbound trips and outbound expenditure
7.3 Tourist departures to top 10 countries
8 Airlines
8.1 Market summary and key developments
8.2 Low cost airlines
8.3 Full service airlines
8.4 Charter airlines
8.5 Competitive landscape
9 Hotels
9.1 Market summary and key developments
9.2 Budget hotels
9.3 Midscale hotels
9.4 Upscale hotels
9.5 Luxury hotels
9.6 Competitive landscape
10 Car Rentals
11 Travel Intermediaries
12 Airport Profiles
13 Market Data
13.1 Domestic tourism
13.2 Inbound tourism
13.3 Outbound tourism
13.4 Airlines
13.5 Hotels
13.6 Car rental
13.7 Travel intermediaries
13.8 Tourism output
13.9 Tourism employment
14 Definitions
15 Methodology
16 About Canadean
17 Disclaimer

List of Figures
Figure 1: Executive Summary
Figure 2: Introduction
Figure 3: Travel and Tourism Sector in Context
Figure 4: Market Summary and Key Developments
Figure 5: Domestic Trips and Domestic Expenditure
Figure 6: Domestic Trips by Purpose of Visit, Overnight Stays and Average Length of Trip
Figure 7: Market Summary and Key Developments
Figure 8: Inbound Trips and Inbound Expenditure, 2010-2020
Figure 9: Tourist Arrivals from Top 10 Countries (Thousands), 2010-2020
Figure 10: Inbound Trips by Purpose of Travel and Mode of Transport
Figure 11: Florida Inbound Trips, 2010-2020
Figure 12: Florida Tourist Arrivals from Top 6 states (Thousands), 2010-2020
Figure 13: Florida Tourist Arrivals from Top 9 Countries (Thousands), 2010-2020
Figure 14: California Inbound Trips, 2010-2020
Figure 15: California Tourist Arrivals from Top 8 states (Thousands), 2010-2020
Figure 16: California Tourist Arrivals from Top 10 Countries (Thousands), 2010-2020
Figure 17: Texas Inbound Trips, 2010-2020
Figure 18: Texas Tourist Arrivals from Top 8 states (Thousands), 2010-2020
Figure 19: Texas Tourist Arrivals from Top 10 Countries (Thousands), 2010-2020
Figure 20: Nevada Inbound Trips, 2010-2020
Figure 21: Nevada Tourist Arrivals from Top 10 Countries (Thousands), 2010-2020
Figure 22: New York Inbound Trips, 2010-2020
Figure 23: New York Tourist Arrivals from Top 10 Countries (Thousands), 2010-2020
Figure 24: New Jersey Inbound Trips, 2010-2020
Figure 25: New Jersey Tourist Arrivals from Top 6 states (Thousands), 2010-2020
Figure 26: New Jersey Tourist Arrivals from Top 10 Countries (Thousands), 2010-2020
Figure 27: Georgia Inbound Trips, 2010-2020
Figure 28: Georgia Tourist Arrivals from Top 10 Countries (Thousands), 2010-2020
Figure 29: Arizona Inbound Trips, 2010-2020
Figure 30: Arizona Tourist Arrivals from Top 9 states (Thousands), 2010-2020
Figure 31: Arizona Tourist Arrivals from Top 10 Countries (Thousands), 2010-2020
Figure 32: Washington Inbound Trips, 2010-2020
Figure 33: Washington Tourist Arrivals from Top 10 Countries (Thousands), 2010-2020
Figure 34: Illinois Inbound Trips, 2010-2020
Figure 35: Illinois Tourist Arrivals from Top 9 states (Thousands), 2010-2020
Figure 36: Illinois Tourist Arrivals from Top 10 Countries (Thousands), 2010-2020
Figure 37: Massachusetts Inbound Trips, 2010-2020
Figure 38: Massachusetts Tourist Arrivals from Top 9 states (Thousands), 2010-2020
Figure 39: Massachusetts Tourist Arrivals from Top 10 Countries (Thousands), 2010-2020
Figure 40: Hawaii Inbound Trips, 2010-2020
Figure 41: Hawaii Tourist Arrivals from Top 10 states (Thousands), 2010-2020
Figure 42: Hawaii Tourist Arrivals from Top 10 Countries (Thousands), 2010-2020
Figure 43: Market Summary and Key Developments
Figure 44: Outbound Trips and Outbound Expenditure, 2010-2020
Figure 45: Tourist Departures to Top 10 Countries (Thousand), 2010-2020
Figure 46: Outbound Trips by Purpose of Travel and Mode of Transport
Figure 47: Market Summary and Key Developments
Figure 48: Airline Industry Revenues and Seats Sold
Figure 49: Low Cost Airlines - Seats Available, Revenues, Load Factor and Revenue per Customer
Figure 50: Full Service Airlines - Seats Available, Revenues, Load Factor and Revenue per Customer
Figure 51: Charter Airlines - Seats Available, Revenues, Load Factor and Revenue per Customer
Figure 52: Passenger Airlines: Company Market Share by Total Number of Passengers Carried (%), 2015
Figure 53: Market Summary and Key Developments
Figure 54: Hotel Industry Revenues, Rooms Available and Revpar
Figure 55: Hotel Establishments and Hotel Rooms by Category
Figure 56: Budget Hotels - Revenues and Occupancy Rates
Figure 57: Budget Hotels - Revenues and Guests by Customer Type
Figure 58: Midscale Hotels - Revenues and Occupancy Rates
Figure 59: Midscale Hotels - Revenues and Guests by Customer Type
Figure 60: Upscale Hotels - Revenues and Occupancy Rates
Figure 61: Upscale Hotels - Revenues and Guests by Customer Type
Figure 62: Luxury Hotels - Revenues and Occupancy Rates
Figure 63: Luxury Hotels - Revenues and Guests by Customer Type
Figure 64: Top 10 Hotels (Volume), 2015
Figure 65: Market Value of Car Rental Industry
Figure 66: Revenues of Car Rental Industry
Figure 67: Car Rental - Fleet Size and Market Utilization Rate
Figure 68: Travel Intermediaries Market Value, 2010-2020
Figure 69: Travel Intermediaries Revenues - Online Vs In-store
Figure 70: Major Airports
Figure 71: Major Airports
Figure 72: Operator Profile and Routes
Figure 73: Number of Domestic Trips by Purpose (Thousand), 2011-2020
Figure 74: Domestic Trips - Overnight Stays (Thousand), 2011-2020
Figure 75: Total Domestic Tourism Expenditure by Category (US$ Million), 2011-2020
Figure 76: Average Expenditure per Domestic Tourist by Category (US$), 2011-2020
Figure 77: International Arrivals by Region (Thousand), 2011-2020
Figure 78: International Arrivals by Purpose of Visit (Thousand), 2011-2020
Figure 79: International Arrivals by Mode of Transport (Thousand), 2011-2020
Figure 80: Inbound Trips - Overnight Stays (Thousand), 2011-2020
Figure 81: Total Inbound Tourism Expenditure by Category (US$ Million), 2011-2020
Figure 82: Average Expenditure per Inbound Tourist by Category (US$), 2011-2020
Figure 83: International Departures by Region (Thousand), 2011-2020
Figure 84: International Departures by Purpose of Visit (Thousand), 2011-2020
Figure 85: International Departures by Mode of Transport (Thousand), 2011-2020
Figure 86: Outbound Trips - Overnight Stays (Thousand), 2011-2020
Figure 87: Total Outbound Tourism Expenditure by Category (US$ Million), 2011-2020
Figure 88: Average Expenditure per Outbound Tourist by Category (US$), 2011-2020
Figure 89: Seats Available by Airline Type (Thousand), 2011-2020
Figure 90: Seats Sold by Airline Type - Business Travel (Thousand), 2011-2020
Figure 91: Seats Sold by Airline Type - Leisure Travel (Thousand), 2011-2020
Figure 92: Load Factor by Airline Type (%), 2011-2020
Figure 93: Passenger Kilometers Available by Airline Type (Million), 2011-2020
Figure 94: Revenue Generating Passenger Kilometers Available by Airline Type (Million), 2011-2020
Figure 95: Revenue per Passenger by Airline Type (US$), 2011-2020
Figure 96: Total Revenue by Airline Type (US$ Million), 2011-2020
Figure 97: Establishments by Hotel Category, 2011-2020
Figure 98: Available Hotel Rooms by Hotel Category, 2011-2020
Figure 99: Room Occupancy Rate by Hotel Category (%), 2011-2020
Figure 100: Room Nights Available by Hotel Category (Million), 2011-2020
Figure 101: Room Nights Occupied by Hotel Category (Million), 2011-2020
Figure 102: Average Revenue per Available Room by Hotel Category (US$), 2011-2020
Figure 103: Revenue per Occupied Room by Hotel Category (US$), 2011-2020
Figure 104: Total Revenue Per Available Room by Hotel Category (US$), 2011-2020
Figure 105: Total Revenue by Hotel Category and Customer Type (US$ Million), 2011-2020
Figure 106: Guests by Hotel Category and Customer Type (Thousand), 2011-2020
Figure 107: Car Rental - Market Value by Customer Type and Rental Location (US$ Million), 2011-2020
Figure 108: Car Rental - Fleet Size, 2011-2020
Figure 109: Car Rental Occasions (Millions), 2011-2020
Figure 110: Car Rental Days (Million), 2011-2020
Figure 111: Car Rental - Average Rental Length (Days), 2011-2020
Figure 112: Car Rental - Market Utilization Rate (%), 2011-2020
Figure 113: Car Rental - Average Revenue per Day (US$), 2011-2020
Figure 114: Travel Intermediaries Market Value by Product Type (US$ Million), 2011-2020
Figure 115: Travel Intermediaries Online Revenues by Provider (US$ Million), 2011-2020
Figure 116: Travel Intermediaries Online Revenues by Type of Tourist (US$ Million), 2011-2020
Figure 117: Travel Intermediaries In-store Revenues by Provider (US$ Million), 2011-2020
Figure 118: Travel Intermediaries In-store Revenues by Type of Tourist (US$ Million), 2011-2020
Figure 119: Travel Agent Revenues from Domestic Tourism by Sales Channel (US$ Million), 2011-2020
Figure 120: Travel Agent Revenues from International Tourism by Sales Channel (US$ Million), 2011-2020
Figure 121: Tour Operator Revenues from Domestic Tourism by Sales Channel (US$ Million), 2011-2020
Figure 122: Tour Operator Revenues from International Tourism by Sales Channel (US$ Million), 2011-2020
Figure 123: Other Intermediaries Revenues from Domestic Tourism by Sales Channel (US$ Million), 2011-2020
Figure 124: Other Intermediaries Revenues from International Tourism by Sales Channel (US$ Million), 2011-2020
Figure 125: Total Tourism Output by Category (US$ Million), 2011-2020
Figure 126: Direct Tourism Output by Category (US$ Million), 2011-2020
Figure 127: Indirect Tourism Output by Category (US$ Million), 2011-2020
Figure 128: Total Tourism Output Generated per Employee by Category (US$), 2011-2020
Figure 129: Direct Tourism Output Generated per Employee by Category (US$), 2011-2020
Figure 130: Indirect Tourism Output Generated per Employee by Category (US$), 2011-2020
Figure 131: Total Tourism Employment by Category (Thousand), 2011-2020
Figure 132: Direct Tourism Employment by Category (Thousand), 2011-2020
Figure 133: Indirect Tourism Employment by Category (Thousand), 2011-2020
Figure 134: Average Salary per Employee by Category (US$), 2011-2020
Figure 135: Total Gross Income Generated by Total Tourism Employment by Category (US$ Million), 2011-2020
Figure 136: Travel and Tourism Sector Definitions
Figure 137: Travel and Tourism Sector Definitions
Figure 138: Travel and Tourism Sector Definitions
Figure 139: Travel and Tourism Sector Definitions
Figure 140: Travel and Tourism Sector Definitions
Figure 141: Methodology
Figure 142: Methodology
Figure 143: About Canadean
Figure 144: Disclaimer

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