Travel, Tourism, Leisure

It is not just the airlines, hotels and car-hire companies that are affected by border closures and unfavourable market conditions. There are a lot of businesses relying on the same consumers, and their need for investment support is often overlooked. If you have a stake in this interconnected industry, consider the value-preservation levers shown below, which could help your company survive and recover. Proven operational performance by talented resources, guided by a global management team with deep knowledge of the international and domestic travel and leisure industry.

Please send us your custom research project details using the custom market research form. Below mentioned is the list of reports available for on Travel & Leisure industry. If you are not able to locate the correct report, please use the search option available on top of this page to search for the right report. You can also chat with us using the online chat system facility available at the bottom right corner of this page. International tourism flows are expected to reach 1.5 billion by 2020 and revenue estimated to cross $2000 billion according to The World Travel and Tourism Council. Today, only 3.5 per cent of the world population travels internationally but the number of Asian, particularly Chinese, tourists is predicted to grow enormously as the region becomes more integrated with global economy.

• Expert insights and tips for overcoming the top pricing challenges today to see your business thrive.
• I have no business relationship with any company whose stock is mentioned in this article.
• Lodging segment dominates the global market and is expected to retain its dominance throughout the forecast period.
• In current market conditions, this may call for additional debt, equity investments or strategic disposals.

Meanwhile, booking platforms such as Booking.com and Airbnb hold far higher valuations, even as their own growth rates falter. In this current market era, profitable, stable growth will hold a higher valuation, and this favors T+L as tourism returns in time. Of course, all of these names offer slightly different exposure to the market, and must also be assessed for their own merits.

This is largely credited to a rise in global wealth, liberalization of international airspace, cheaper flights and the use of the Internet as a travel tool. To create the ultimate experience, it is critical for operators to ensure the safety of equipment and assets, enhance effectiveness of visitor management and optimise visitor experience at all touch points. Stay up to date on the latest innovations, trends, and solutions by joining other passenger travel and leisure stakeholders. Learn and share insights through blogs, discussions, and events – and find out how SAP can help your passenger travel and leisure business run better. TRAVEL + LEISURE inspires and empowers the world’s most curious and passionate travelers to travel more–and travel better. We help elevate reader’s experiences through content and tools that aid in the entire journey, from dreaming to planning to booking to traveling.

He has a wealth of experience in the sector and works for the practice exclusively on travel related matters. Chris is the longest-standing principal at WHA and is Head of our Travel and Leisure Team. Chris has been in public practice since 1979 and has advised many travel companies of all sizes over the years, in relation to the travel regulation licensing and bonding framework together with travel specific auditing accounting and taxation issues. He has also acted as Corporate Finance Advisor in relation to a number of high profile travel mergers and acquisitions ranging in transaction values of up to £250m. Francis and Eleanor Coppola acquired this beachside hideaway in 2001. Today, this 25-room seafront escape delights guests with individual thatched cottages, decorated with handcrafted Balinese furnishings.

Robust data-driven reporting will enable a fast response to changes and prevent profit leakage. Ensuring that Travel & Tourism has a positive impact on the natural environment is a complex and growing priority in the industry. Amid developing regulatory requirements and an increasing focus on sustainability by consumers, setting ESG targets and building the capabilities to track and report performance are important—and often overlooked—value levers. As travel markets adapt to a ‘new normal,’ a robust portfolio review is necessary in order to optimise operations, sharpen focus on core activities, and consider divestment or retrenchment in others.

Recently, the city was ranked among the 10 stunning holidays ideas for 2019 by Elle, the worldwide lifestyle magazine of French origin. Leisure Travelers will be more interested in spa and similar treatment packages, swimming pools, in-room entertainment, proximity to popular tourist attractions, plus shuttle services and other transportation. Customer attributes can include age, affluence, and reason to travel.

Portofino Beach Resort

Covid-19 has had unprecedented impact on the travel and leisure industry. As restrictions start to lift, operators need to plan for reopening in the new normal. This represents a unique opportunity to adjust the customer experience and tune your strategy for a bolder future. Bain’s Phil Kleweno, Karthik Venkataraman, Derek Gerow and Kathleen Holtz discuss consumer sentiment and demand scenarios for the overall travel and leisure industry, and provide an in-depth analysis of the airline and hotel sectors. The newly-created Travel + Leisure Group will offer consumer travel products, including online and subscription travel services and product licensing.

Workplaces that permit bleisure travel allow employees to extend their business trips and spend time vacationing and sightseeing at their destination. Related to both No. 2 and No. 3 on this list, Travel Managers may find themselves approving more expensive flights because their business Travelers have less flexibility than those traveling for leisure. But, because of No. 1 on this list, it’s OK to pay a little bit more. For the right return on investment, a business doesn’t have to agonize over saving a few bucks on a flight or a hotel. Travel operators are preparing for a busy summer, fuelled by an accumulation of demand from leisure customers and business travellers.

Based on traveler type, the global leisure travel market is segmented into solo and group. Group travelers constitute a major market share; however, the solo segment is projected to experience growth at the highest CAGR during the leisure travel market forecast period. There has been a significant increase in people who want to travel solo, which encouraged engaged stakeholders in the industry to felicitate not only group traveler but solo traveler as well.