The UK - Travel & Tourism: A technology and volume driven market (Strategy, Performance and Risk Analysis)

Publisher Name :
Date: 30-Nov-2017
No. of pages: 95

The UK - Travel & Tourism: A technology and volume driven market (Strategy, Performance and Risk Analysis)

Summary

According to the World Economic Forum Travel and Tourism Competitiveness Index 2017, which ranks 139 countries on parameters pertinent to tourism, the UK ranks fifth. Total tourist visits in UK are higher than regional averages due to conferences, summits, meetings, festivals, and cultural and sports events hosted by the country. The country is visited for both leisure and business purposes, and is home to numerous companies, which leads to increases in business visits. The UK is comprised of England, Wales, Scotland, and North Ireland, which promote their tourism separately, thus encouraging domestic tourism.

The UK is a developed country and has many airports in all the four regions. Constant efforts by VisitBritain, the tourist board of Great Britain, to promote UK tourism through campaign such as "Holiday @ Home" and "Countryside is GREAT" have led to increases in the number of air passengers. Passenger airlines increased the number of seats available, and this is expected to further increase in the coming years due to the growing number of seats sold and increasing revenues.

MarketLine Premium's industry reports provide a comprehensive market view including sections on: risk and reward, key industry trends and drivers, industry SWOT analysis, industry benchmarking to compare key performance indicators with regional and global markets, competitive landscape, industry innovation, deals and key developments.

Key Highlights

Increasing RevPAR and occupancy rate from luxury and upscale hotels

The increasing revenue per available room for upscale and luxury hotels indicates the financial stability of the hotel industry in UK. They are the primary drivers of the industry's recent strong performance. Upscale hotels led the UK hotel industry and witnessed occupancy levels of more than 82.0%. Luxury hotels had 76% occupancy rate in 2016 and are likely to continue a similar trend over forecast period. However, luxury hotels witnessed higher RevPAR of US$323.9 in 2016 compared to upscale hotels with US$232.4. According to industry forecasts, RevPAR posted continuous growth during 2012 to 2016 and is expected to continue the trend over the forecast period

Government initiatives to drive industry

The UK Government has played an important role in promoting tourism in the country. The campaign called "Countryside is GREAT" promoted tourist destinations in close proximity to major cities in the country. Moreover, in 2015, a new US$6.1 million "Visit England" domestic tourism campaign (funded by the government) called ‘‘Holidays at Home are GREAT'' also inspired more Britons to choose domestic destinations for holidays. Industry revenue increased at 6.2% CAGR over 2012-16 to reach US$187.4 billion in 2016 and is expected to increase at 7.8% from US$187.3 billion in 2017 to US$253.3 billion, partly due to campaigns such as "#OMGB - GREAT Britain - Home of Amazing Moments" and Global partnership campaigns.

Dependence on road and air transport

The UK's dependence on road and air transport is a challenge due to the rising costs of fuel globally. The rise in fuel prices has a significant effect on the airline industry as fuel costs comprise 30% of the airline's operating costs, resulting in high airfares that lead to a decline in the demand for air travel. Other than its airlines, the UK has a well-developed car rental market which is also affected by fuel prices. The increase in fuel prices leads to an increase in the price of car rentals and in turn reduces demand. Moreover, travel by rail and inland waterways are less preferred in comparison to other transport systems.

Scope

- Risk & Reward Index - The Risk & Reward index compares the position of the British travel and tourism industry vis-à-vis other countries in the region in terms of specific risk and reward parameters.

- Industry Snapshot and Industry View - Key travel and tourism industry statistics including total revenue and expenditure for key industry segments and the trends driving market performance in the British travel and tourism market.

- Industry SWOT Analysis - Discover the Strengths, Weaknesses, Opportunities and Threats impacting market performance and investment in the British travel and tourism market.

- Industry Benchmarking - Benchmark how the British travel and tourism market is performing compared to regional and global markets in terms of car rental fleet size, car rental revenue, number of hotels, hotel revenue, passenger airline revenue, seats available and seats sold, revenue of travel intermediaries and tourism expenditure growth.

- Competitive Landscape - Overview of relevant players in the British travel and tourism industry such as airlines, hotels and car rental companies, with each player in the relevant category compared with its peers in terms of relevant industry indicators.

Reasons to buy

- How is the market performing in terms of indicators such as total tourist visits, passenger airline seats sold, seats sold by purpose of visit such as leisure, revenue, room nights available, room nights occupied, hotel revenue, car rental days among others.

- How risky is it to invest in the British travel and tourism industry compared to other countries in Europe?

- What is driving the performance of key industry segments such as passenger airlines, accommodation and car rentals?

- Who are the leading players in the British travel and tourism industry and their overview and product portfolio?

- What trends are being witnessed within the British travel and tourism industry?

- What are the British travel and tourism industry's Strengths and Weaknesses and what Opportunities and Threats does it face?

- What are the recent developments and innovations in the British travel and tourism industry?

The UK - Travel & Tourism: A technology and volume driven market (Strategy, Performance and Risk Analysis)

Tableof Contents
Risk & Reward Index 3
Industry Snapshot 7
Industry View 10
Industry SWOT Analysis 14
Industry Benchmarking 20
Industry Performance 30
Competitive Landscape 43
Innovation 57
Deals 59
Key Developments 68
Appendix 75
  • Global Business Travel Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023
    Published: 16-Oct-2018        Price: US 3480 Onwards        Pages: 131
    Business travel refers to domestic or international trips made by an employee for several business-related purposes, including the organization of trade shows, marketing of the company, product launches, and internal meetings. Tourism is one of the major sources of revenue for a number of countries and has a positive impact on the economy of both the source and host countries. The tourism industry has experienced a high growth in the last six decades, especially in regions like Europe that host ......
  • Global Luxury Travel Market Size, Status and Forecast 2018-2025
    Published: 04-Oct-2018        Price: US 3900 Onwards        Pages: 108
    This report focuses on the global Luxury Travel status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Luxury Travel development in United States, Europe and China. Luxury travel today is defined less by thread count and Michelin stars and more by access to the people, places and experiences that represent all that is authentic about a destination. There's no denying that comfort factors still apply and high standards of ac......
  • Global and Chinese Luxury Travel Industry, 2018 Market Research Report
    Published: 23-Sep-2018        Price: US 3000 Onwards        Pages: 148
    The 'Global and Chinese Luxury Travel Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Luxury Travel industry with a focus on the Chinese market. The report provides key statistics on the market status of the Luxury Travel manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Firstly, the report provides a basic overview of the industry including its definition,......
  • Global Travel Services Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023
    Published: 18-Sep-2018        Price: US 3480 Onwards        Pages: 108
    The travel service industry consists of companies whose primary goal is to market travel services by providing the services of booking and arranging travel tours and accommodations to general and commercial clients. Scope of the Report: This report studies the Travel Services market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits th......
  • Global Luxury Travel Market by Manufacturers, Countries, Type and Application, Forecast to 2023
    Published: 10-Sep-2018        Price: US 3480 Onwards        Pages: 148
    Luxury travel today is defined less by thread count and Michelin stars and more by access to the people, places and experiences that represent all that is authentic about a destination. There's no denying that comfort factors still apply and high standards of accommodation and dining will always feature on the luxury traveller's wish list. However, today's luxury traveller seeks more depth of understanding and immersion into local culture than ever before. People don't just want to see - they wa......
  • Global Travel Services Market Size, Status and Forecast 2018-2025
    Published: 21-Aug-2018        Price: US 3900 Onwards        Pages: 99
    This report focuses on the global Travel Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Travel Services development in United States, Europe and China. The travel service industry consists of companies whose primary goal is to market travel services by providing the services of booking and arranging travel tours and accommodations to general and commercial clients. The increasing demand for travellin......
  • 2018-2023 Global Luxury Travel Market Report (Status and Outlook)
    Published: 10-Aug-2018        Price: US 4660 Onwards        Pages: 133
    In this report, LP Information studies the present scenario (with the base year being 2017) and the growth prospects of global Luxury Travel market for 2018-2023. Luxury travel today is defined less by thread count and Michelin stars and more by access to the people, places and experiences that represent all that is authentic about a destination. There's no denying that comfort factors still apply and high standards of accommodation and dining will always feature on the luxury tra......
  • Global Luxury Travel Market Size, Status and Forecast 2025
    Published: 12-Jun-2018        Price: US 3300 Onwards        Pages: 107
    This report studies the global Luxury Travel market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Luxury Travel market by companies, region, type and end-use industry. In 2017, the global Luxury Travel market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025. This report focuses on the global top players, covered ......
  • China Travel Market to Nordics, Tourist Numbers to (Norway, Denmark, Sweden, Finland and Iceland) Purpose & Accommodation
    Published: 11-Jun-2018        Price: US 1400 Onwards        Pages: 186
    China Travel Market to Nordics is expected to be more than US$ 1.6 Billion by the end of year 2024. By 2024, the number of Chinese outbound tourists to Nordic Countries will be more than double from the current outbound tourists’ number in 2017; signaling a revolutionary change and opportunity for the global travel industry. More and More Chinese people are able to travel outside of their homeland as there has been an increase of average income and a less restrictive tourism policy. Chi......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs