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
Starting a New Business
Barriers to entry outlines the factors that prevent or limit a new enterprise from entering the industry. Key factors used to assess the barriers to entry include economies of scale, capital intensity, product/service differentiation and licenses.
Economies of scale
The Global Tourism industry has a low level of concentration with the top four players estimated to account for less than 10.0% of available market share. Many segments within the industry are dominated by small owner-operators businesses, making entry for a new participant relatively easy. However, the economies of scale vary between industry segments, particularly for major operators in the hotels segment and international passenger airline segment... read more