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Travel in Azerbaijan

Sep 2018

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Executive Summary

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Travel is among the main priorities for the local economy

The president of Azerbaijan, Ilham Aliyev, constantly refers to travel as one of the most important non-oil industries for the local economy. Inbound flows experienced extremely successful double-digit growth in terms of number of trips in 2017, and with huge support from local authorities remained positive in 2018, albeit slightly less dynamic.

Major events serve as a key strategy to promote the country

Azerbaijan already managed to accumulate great experience in the organisation of major international events with such examples as the Eurovision Song Contest in 2012, the first European Games in 2015, Formula 1 Grand Prix, starting from 2016, and the Islamic Solidarity Games in 2017. This strategy will be developed further as the country will continue hosting Formula 1 until at least 2020, with the possibility of extending the contract to 2025.

Diversification of travel products portfolio is important

It is necessary to have interesting travel products throughout the whole year. Azerbaijan is well known for summer attractions, but it pays attention to the winter season too.

MICE tourism is set to be developed

Azerbaijan Convention Bureau was created to develop MICE tourism in the country. This institution joined Azerbaijan Meeting Alliance together with AZAL airlines, hotels, venues, travel intermediaries to attract and help with the organisation of various events.

Evolution of the industry looks promising

Azerbaijan is expected to maintain its increase in inbound tourism flows over the forecast period to just exceed the three million trips mark by 2023. Domestic tourism is predicted to demonstrate even faster dynamism, with growing local consumer awareness about the tourism potential of their own country.

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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Overview:

Discover the latest market trends and uncover sources of future market growth for the Travel industry in Azerbaijan with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Travel industry in Azerbaijan, our research will save you time and money while empowering you to make informed, profitable decisions.

When you purchase this report, you also get the data and the content from these category reports in Azerbaijan for free:

The Travel in Azerbaijan market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation
Historic volumes and values, company and brand market shares
Five year forecasts (of market share, market trends, market growth)
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Travel in Azerbaijan?
What are the major brands in Azerbaijan?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our Travel And Tourism market research database.

Each report is delivered with the following components:
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Travel in Azerbaijan

EXECUTIVE SUMMARY

Travel is among the main priorities for the local economy

Major events serve as a key strategy to promote the country

Diversification of travel products portfolio is important

MICE tourism is set to be developed

Evolution of the industry looks promising

SWOT

Summary 1 Destination Azerbaijan: SWOT

MARKET DATA

Table 1 Other Transport: Value 2013-2018
Table 2 Forecast Other Transport: Value 2018-2023
Table 3 Car Rental Sales: Value 2013-2018
Table 4 Forecast Car Rental Sales: Value 2018-2023
Table 5 Attractions: Value 2013-2018
Table 6 Forecast Attractions: Value 2018-2023

DEFINITIONS

SOURCES

Summary 2 Research Sources

TOURISM FLOWS

Headlines

Prospects

Russians are crucial for inbound tourism
Azerbaijan still has many large outbound source countries to target
Azerbaijan simplifies its visa regime

Category Data

Table 7 Inbound Arrivals: Number of Trips 2013-2018
Table 8 Inbound Arrivals by Country: Number of Trips 2013-2018
Table 9 Inbound Receipts: Value 2013-2018
Table 10 Forecast Inbound Arrivals: Number of Trips 2018-2023
Table 11 Forecast Inbound Arrivals by Country: Number of Trips 2018-2023
Table 12 Forecast Inbound Receipts: Value 2018-2023
Table 13 Domestic Trips by Purpose of Visit: Number of Trips 2013-2018
Table 14 Domestic Business Trips by Travel Mode: Number of Trips 2013-2018
Table 15 Domestic Leisure Trips by Travel Mode: Number of Trips 2013-2018
Table 16 Domestic Expenditure: Value and Growth 2013-2018
Table 17 Forecast Domestic Trips by Purpose of Visit: Number of Trips 2018-2023
Table 18 Forecast Domestic Business Trips by Travel Mode: Number of Trips 2018-2023
Table 19 Forecast Domestic Leisure Trips by Travel Mode: Number of Trips 2018-2023
Table 20 Forecast Domestic Tourist Expenditure: Value and Growth 2018-2023
Table 21 Outbound Departures: Number of Trips 2013-2018
Table 22 Outbound Departures by Destination: Number of Trips 2013-2018
Table 23 Outbound Expenditure: Value 2013-2018
Table 24 Forecast Outbound Departures: Number of Trips 2018-2023
Table 25 Forecast Outbound Departures by Destination: Number of Trips 2018-2023
Table 26 Forecast Outbound Expenditure: Value 2018-2023

AIRLINES

Headlines

Prospects

Airlines development is important to overall travel growth
Local companies occupy leading positions
Low cost carriers have great growth opportunities

Category Data

Table 27 Airlines Sales: Value 2013-2018
Table 28 Forecast Airlines Sales: Value 2018-2023

LODGING

Headlines

Prospects

Lodging remains far from saturation
Short-term rentals is a serious competitor to budget hotels
Halal Management System set to be introduced over forecast period

Category Data

Table 29 Lodging Sales: Value 2013-2018
Table 30 Lodging Outlets: Units 2013-2018
Table 31 Forecast Lodging Sales: Value 2018-2023
Table 32 Forecast Lodging Outlets: Units 2018-2023

TRAVEL INTERMEDIARIES

Headlines

Prospects

Package holidays shows signs of recovery
Local travel intermediaries are part of major groups
Online development is just beginning

Category Data

Table 33 Travel Intermediaries Sales: Value 2013-2018
Table 34 Forecast Travel Intermediaries Sales: Value 2018-2023

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Country Report

Travel in Azerbaijan

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Executive Summary

New Report Guarantee

Travel is among the main priorities for the local economy

Major events serve as a key strategy to promote the country

Diversification of travel products portfolio is important

MICE tourism is set to be developed

Evolution of the industry looks promising

Samples

Overview

Why buy this report?

Samples: FAQs about samples

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Table of Contents

Travel in Azerbaijan

EXECUTIVE SUMMARY

Travel is among the main priorities for the local economy

Major events serve as a key strategy to promote the country

Diversification of travel products portfolio is important

MICE tourism is set to be developed

Evolution of the industry looks promising

SWOT

MARKET DATA

DEFINITIONS

SOURCES

TOURISM FLOWS

Headlines

Prospects

Category Data

AIRLINES

Headlines

Prospects

Category Data

LODGING

Headlines

Prospects

Category Data

TRAVEL INTERMEDIARIES

Headlines

Prospects

Category Data

Why buy this report?

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