Industry Analysis & Industry Trends
The Global Tourism industry is undergoing rapid recovery following a difficult period during the recession. International tourist arrivals continue to grow as global per capita income increases and consumer sentiment improves. Over the past five years, tourists going emerging economies, particularly counties in Asia and South America, have driven the industry's growth. Emerging economies now account for a much larger share of the tourism industry compared with a decade ago. Over the five years to 2019, the industry is expected to continue growing as the global economy continues to strengthen... read more
Industry Key Buyers
The Global Tourism industry has a low level of concentration with the top four operators earning less than 10.0% of total industry revenue in 2014. At the top end, the industry is dominated by large airlines, hotels and tour operators and travel agencies. The industry's low concentration level stems from the diverse range of services provided and the large number of small business operators.
The industry's concentration level has undergone little change in the past five years. While a number of industries have been affected by the introduction or emergence of franchises or management agreements (i.e. hotels and serviced apartments) or the introduction of companies with global links (i.e... read more