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 moreMar 2018
US$1,325Added 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!
In the Travel Quarterly Statement for Q1 2018, we review the current performance of travel and tourism demand, considering the key growth drivers impacting destinations and source markets. Geopolitical tensions between Russia and the West are rising, whilst Myanmar is suffering from a humanitarian crisis, and countries such as Egypt witness a hampered recovery. Bright spots include European destinations benefiting from the displacement effect as consumers choose perceived safer destinations.
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.
The Q1 2018 quarterly statement shows that inbound receipts are growing faster than previously predicted, as stronger pricing power drives up average spend with arrivals. As concerns rise about over-tourism, putting value growth above volume is necessary.
Despite the war in Syria and tensions with Qatar, certain bright spots are visible in the Middle East, such as Bahrain enjoying an upgrade to its forecast performance thanks to stronger ties with Saudi Arabia.
A few years ago, Myanmar was an upcoming destination, however, the country’s tourism potential has been heavily impacted by the Rohingya humanitarian crisis, which has led to over 600,00 refugees fleeing to Bangladesh.
In times of uncertainty, consumers tend to travel closer to home, especially within their own region. This trend is evident with stronger-than-expected receipts in Europe as well as Macau benefiting from China outbound travel.
Official source Rosstat has adjusted the levels of reported historic arrivals. However, there has also been a quarterly downgrade due to a slowing economy, coupled with rising tensions with the West. The outlook for Russia’s FIFA 2018 tournament looks subdued.
China has enjoyed a revival after a slow year in 2017, boosted by an uplift in the latest quarterly economic outlook, which is having a positive impact on outbound travel. Destinations in North Asia and South-east Asia are reaping the benefits.
Egypt’s recovery is taking a long time to firm up, as the country continues to see Europeans choose destinations closer to home. The UK outbound market is also experiencing a slowdown thanks to the weight of Brexit on economic conditions.
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.