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Global Briefing

Global Travel and Tourism: Budget Travel - Driven by Economic Uncertainty

Sep 2009

Price: US$2,000

About this Report

About this Report

In response to the economic downturn, consumers and businesses cut back on travel, while those that travel are utilising budget options to save money. Low cost operators, such as low cost carriers and campsites, benefited from this consumer shift. AirAsia and Priceline.com thus continued to grow despite a poor environment for travel products and services. This report examines these winners and the performance of budget categories in this new age of thrifty travel.


What this report includes

  • Up-to-the minute analysis of the latest trends in the industry
  • New product development, forecasts and other themes
  • Unique graphics and illustrated case studies
  • Most recent brand and company news
  • New insight into the size and shape of the market

Why buy this report

  • Clear, concise powerpoint format makes it easy to digest
  • Leading industry opinion keeps you abreast of latest news and trends
  • Forward-looking outlook on a category, market or issue affecting the industry
  • Latest five year forecasts assess how the market is predicted to develop
  • Understand the competitive environment, the leading players and brands

Delivery format

PDF/PPT
Downloadable from MyPages

Table of Contents

Table of Contents

Objectives and Parameters

Objectives

Executive Summary

Operating Environment

Global Recession to Stimulate Growth in the Budget Sector

Per Capita Incomes to Remain Below 2008 Levels in Future

Steep Decline and Slow Recovery in Consumer Expenditure

Budget Demand

Budget Destinations to Enjoy Increasing Popularity

Decline in Departures Stimulates Growth in Domestic Tourism

Departures to Suffer From Economic Slowdown

Budget Accommodation

Mid-market to Represent Increasing Competition

Trading Down to Drive Demand in the Budget Segment

Asia Pacific to Grow Strongly in Budget Travel Accommodation

Hostels Upgrade

Cool Camping

Budget Transport

Low Cost Carriers Drive Global Aviation Market

Low Cost Carriers Drive Sales in the Global Aviation Market

Bus/Coach Transport Upgrade to Compete

Transportation Suffers From Financial Crisis

Low Cost Carriers Hit by Rising Fuel Prices

Southwest is Leading Low Cost Carrier by Passengers

AirAsia Ventures Outside Asia

Car Rental

Financial Crisis to Hurt Car Rental Most

Car Sharing

Budget Travel Retail

All Regions but Western Europe on a Budget

Growing Budget Travel Retail Penetration

Priceline.com Performs Well Despite Declining Prices

Key Findings

Summary of Key Insights

Samples

TT - Budget Travel - Economic Uncertainty.jpg

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