Amusement and theme park companies operate mechanical rides, water rides, games, shows, themed exhibits, refreshment stands and other attractions for consumer entertainment.
The dominance of bus and rail means that being Market research travel and tourism in close to train and bus terminals, city centers, and tourist attractions is an important factor for tour operators and hotels. First-time travelers According to BCG, fewer than million urban Chinese consumers today have taken an overnight leisure trip.
Automobile travel is increasing in China, especially for shorter trips, but it is unlikely to become the dominant form of travel in the near future. Therefore, airports and borders need to become smarter and travel infrastructure leaner.
The hospitality and restaurant industry is a diverse and highly competitive industry. Infrastructure is becoming a Bottleneck The travel and tourism industry contributed Formerly trading as LJ Research, and now the consumer market research team of STR, we provide a complete range of research solutions for clients within and outside of the tourism industry.
Today, consumers want to feel special and expect personalization of service and experience. The private sector is taking a proactive role in engaging with national governments to highlight the economic case of travel facilitation and the security benefits of the implementation of technologically enabled solutions, while at the same time urging collaborative efforts among all relevant public and private stakeholders to achieve a fully integrated model to facilitate Smart Travel.
But the Chinese also love a good deal, and travel agents often do not announce bargains until one or two months before the departure date. Furthermore, since Chinese travelers often travel in groups with a full schedule of activities, they appreciate not having to deal with their baggage.
While data analytics enable the sector to tailor its offerings to traveller preferences, it is important to ensure that increased automation does not lead to a disconnect between online and in-person exchanges.
Middle-class and affluent consumers are spearheading this explosion in travel. Invest in consumer insight to develop different products and services for mass-market and affluent consumers, as well as for consumers with different levels of travel experience; Identify opportunities to develop a trusted umbrella brand that will attract the loyalty of consumers new to the travel market; Consider opportunities for acquisitions in new, fragmented sectors where the company may not have an established operation; and Design a well-timed, cost-effective, and innovative expansion into lower-tier cities to capture this rapidly growing and underserved market.
Among the competitors in the industry are single sandwich shops, coffee shops and restaurants, coffeehouses, pizza and quick-service restaurant chains, and also high-end, luxury fine-dining restaurants, offering the customer a vast variety of choices.
The profile helps you formulate strategies that augment your business by enabling Only 12 percent of US group travelers made that claim. When air service agreements were first established ineach state had its national flag carrier and international traffic rights. Unfortunately, the infrastructure and bureaucracy that travellers must navigate are decidedly 20th century.
The dynamic changes of lifestyle, improvements Built upon strong partnerships and a dynamic working environment, COTRI serves as the leading independent organisation in the field of Chinese outbound tourism, both helping clients to forge profitable relations with Chinese customers, as well as fostering the growth of Chinese outbound tourism.
Short planning cycle Many Chinese also take less time to plan a trip. They also allocate their spending differently than US travelers.
While markets in Europe and the Americas will continue to grow, the rate is incomparable to other regions. The experience of one Shanghai traveler interviewed is typical: Companies that wish to tap into the China travel and tourism market should: In a recent survey, the Boston Consulting Group BCG found that the rapidly rising demand for travel in China, together with the lack of offerings for Chinese tourists within China and abroad, present a rare opportunity for travel-related companies to gain a first-mover advantage.
The industry needs to be ready for the new technological transformation ahead. The importance of designing an inclusive new global framework is highlighted by the fact that the top 10 fastest growing destinations for leisure travel spending are all emerging markets.
Travel and lodging companies should prepare for a big change in China.
Valued services Companies that offer premium services to Chinese travelers should realize that Chinese and US views on value can differ. For passengers, airports are a means to an end and not a destination. First Nations, Crown agencies and private sector partners all offering entertaining games in world-class facilities.
In addition, 26 percent of Chinese travel with more than five people, whereas only 13 percent of US travelers do so. This new global landscape has significant implications for the movement of people across borders, and, specifically, the travel and tourism industry, which takes responsibility for safe travel through the skies of over 8 million people daily.
Areas that need to be addressed include water usage, waste generation, energy consumption and the deterioration of natural and cultural world heritage sites. Demand for travel services In another BCG survey of more than 4, consumers in seven countries, only about one-quarter of US and European respondents said that they planned to trade up—to increase spending in a particular category or service—on vacations, whereas more than one-third of Chinese intended to do so.
To address these challenges, the private sector needs to collaborate closely with the public sector to update university and training programmes to ensure they keep up with market needs and technological advancements. Different explanations have been provided for this, including lack of career attractiveness and advancement pathways, competition from other sectors and inadequate education supply, practice and training.
Read more Understand who your customers are and what they think using our online survey solutions. And while enabling more people to discover the world, it is imperative to ensure the safety of national borders and citizens. Over the next decade, this population will increase from million to more than million travelers, and two-thirds of these people will come from smaller cities, where disposable incomes are projected to rise rapidly.
Challenges for international travel Chinese travelers in all segments are more willing to trade up when they travel abroad.Find Travel & Leisure Market Research Reports and industry analysis for market segmentation data and market growth. Discover all statistics and data on Travel and Tourism Industry in the U.S.
now on ultimedescente.com! Although Accor was outperformed by the global hotel market init delivered a record financial performance, driven by a strong footprint and the rapid implementation of the company's three-year restructuring plan, set out by its new CEO in On this page you can find statistics, facts and market data on the topics travel, tourism & hospitality.
This includes, for example, information on restaurants, restaurant chains, food. Market research on the travel industry. Our reports feature a wealth of standardised and cross-comparable statistics including total market sizes, market share and brand share data, distribution and industry trends.
Longwoods has been a leader in tourism research sincewhen we conducted the largest ever study of American travel behavior. That tradition continues today with Longwoods Travel USA®, the largest ongoing study of the nation’s business and leisure travel, conducted quarterly sinceDownload