Friday, March 18, 2016
Explore New Market Study on Travel And Tourism In The US To 2020
Posted by Unknown in: travel
MarketResearchReports.Biz has announced addition of new report “Travel And Tourism In The US To 2020” to its database.
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.
View Full Report at http://www.marketresearchreports.biz/analysis/656635
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
Download Sample Copy of this Report at http://www.marketresearchreports.biz/sample/sample/656635
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
Source: Free Articles from ArticlesFactory.com
About Admin of the Blog:

Imran Uddin is the founder of AllTechBuzz .He is a Tech Geek, SEO Expert, Web Designer and a Pro Blogger. Contact Him Here
0 comments:
Post a Comment