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Inbound Tourism Spending Habits in Top 10 Countries

Inbound Tourism Spending Habits in Top 10 Countries

  • June 2017
  • 57 pages
  • ID: 4969348
  • Format: PDF

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Inbound Tourism Spending Habits in Top 10 Countries

Summary
The report "Inbound Tourism Spending Habits in Top 10 Countries" provides detailed information on the top 10 inbound tourism markets globally. This report analyzes market data and provides a better understanding of tourism flows and tourist expenditure.

For instance, France continued to be the number one inbound market in 2016. However, there has been a decline in the number of trips due to safety concerns, as the country faced multiple terror attacks over the past 18 months. Thailand was the fastest-growing inbound market, expanding at a CAGR of 9.89% during the period 2012-2016. Strong promotional efforts by the country’s tourism authority and the growing expansion of LCCs in South East Asia propelled growth. The country registered exceptional growth in 2015 and 2016, following a steep fall in 2014 due to political unrest

Germany has seen a strong surge in arrivals from China in recent years. Germany’s strong promotional efforts such as trade events and ties with Chinese travel agencies are key reasons behind this. Chinese consumers enjoy shopping while in Germany, and this is not just limited to luxury goods, as they also cover department stores and medium sized shops.

The US has the second highest average inbound tourist expenditure after Australia. However, the expenditure per trip per day in the US is higher than Australia. The high expenditure per trip in Australia can be largely attributed to the very high average length of stay per inbound trip in the country (36 nights in 2016). In addition to the high average expenditure per trip in the US, the strengthening of the dollar led to a fall in the overall inbound trips in 2016. Trips from Canada plunged in particular.

Average spending pattern in Spain has declined over the past few years. The highest decline of 5.82% was seen in the Netherlands during the historic period, which is partly due to the growing presence of low-cost flights in Europe, as a result of which, transportation costs have declined. Furthermore, Spain has been seeing a large number of budget tourists in recent years, with many preferring the country over Tunisia, France, Egypt, and Turkey in the wake of security concerns.

In depth, this report provides the following -
- Historic and forecast tourist volumes covering the top 10 global inbound tourism markets.
- Detailed analysis of tourist spending patterns in these markets such as average spending per trip and total expenditure.
- Insights on key trends and issues in top 10 inbound markets.

Scope
- France continued to be the number one inbound market in 2016. However, there has been a decline in the number of trips due to safety concerns, as the country faced multiple terror attacks over the past 18 months.
- The average spending pattern in Spain has declined over the past few years. The highest decline of 5.82% was seen in the Netherlands during the historic period, which is partly due to the growing presence of low-cost flights in Europe, as a result of which, transportation costs have declined. Furthermore, Spain has been seeing a large number of budget tourists in recent years, with many preferring the country over Tunisia, France, Egypt, and Turkey in the wake of security concerns
- Thailand was the fastest-growing inbound market, expanding at a CAGR of 9.89% during the period 2012-2016. Strong promotional efforts by the country’s tourism authority and the growing expansion of LCCs in South East Asia propelled growth. The country registered exceptional growth in 2015 and 2016, following a steep fall in 2014 due to political unrest

Reasons to buy
- Gauge an idea about how the top 10 markets are expected to grow using historic and forecast market data
- Understand the demand-side dynamics within the industry to identify key market trends, growth opportunities
- Direct the promotional efforts on most promising markets by identifying the key source countries.

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