The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Learn moreEuromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals.
Learn moreAug 2016
US$660Added to Cart
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
Monaco’s travel industry saw a mixed performance in 2015. On the one hand, cruise arrivals increased in 2015 and leisure tourism rose, helped by the better economic framework in Western Europe. On the other hand, MICE travel contracted in 2015 since businesses remained conscious about their expenses and Monaco faced growing competition from other destinations. The ongoing decline in arrivals from Russia also negatively impacted the industry in 2015.
While trends in online travel increasingly impact other destinations, Monaco remains relatively unscathed by these developments due to its focus on luxury travel. Nonetheless, online bookings continue to increase as travellers more and more take care of their own bookings.
Lodging is characterised by a stable competitive environment, dictated by the confined space of the Principality. The only development of note was the part-closure of the Hotel de Paris in 2015 due to renovation works, resulting in a significant decrease in room capacity for the year. Short-term rentals, meanwhile, fill some of the gap that the absence of other lodging operators causes.
Monaco’s focus on luxury travel remains strong. In car rental, this takes the form of exclusive luxury car offers, an area that has been entered by air transportation company Héli Air Monaco in response to falling passenger numbers in helicopter travel. The renovated Hotel de Paris, meanwhile, once fully reopened, will feature a pop-up luxury suite that will be redecorated every couple of months by different luxury brands, thus providing guests with ever-new experiences.
The outlook for the travel industry in Monaco is positive, even though there are some risks. Given the Principality’s considerable pricing levels, competition with regards to MICE tourism is anticipated to be strong. At the same time, improved economic conditions in Western Europe and rising inbound arrivals from emerging travel markets are expected to result in positive growth during the forecast period.
Files are delivered directly into your account within a few minutes of purchase.
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.
Delivery:
Files are delivered directly into your account within a few minutes of purchase.
Overview:
Discover the latest market trends and uncover sources of future market growth for the Travel industry in Monaco 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 Monaco, 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 Monaco for free:
Car Rental
Health and Wellness Tourism
Tourism Flows Domestic
Tourism Flows Inbound
Tourism Flows Outbound
Tourist Attractions
Transportation
Travel Accommodation
Travel Retail
The Travel in Monaco market research report includes:
Our market research reports answer questions such as:
Why buy this report?
This industry report originates from Passport, our
Travel And Tourism market research database.
Each report is delivered with the following components:Report: PDF and Word Market statistics: Excel workbook
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.