Overview

Taking off: The industry will evolve and increasingly rely on travelers from emerging economies

IBISWorld’s Tourism market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • The industry will continue to evolve over the next five years, in line with global tourism trends
  • The industry faces stiff competition for a share of total global international travel
  • International arrivals from East Asia and South America will rise, spurring industry demand

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    Industry Analysis & Industry Trends

    The Tourism industry is experiencing steady growth as both domestic and international travel have increased over the past five years. Increasing corporate profit also led to far more business trips, which has contributed to consistent rises in industry revenue. Moreover, the industry is expected to continue moving steadily ahead over the next five years as increased travel rates and the corresponding rise in travel spending bolster industry performance...

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    Industry Report - Industry Analysis Chapter

    The Tourism industry is experiencing steady growth as both domestic and international travel has increased over the past five years. The major sources of industry revenue include traveler accommodations (18.5% of total spending); food services and drinking places (14.3%); transportation (41.5%); and recreation, entertainment and shopping (25.7%). These areas are all susceptible to changes in discretionary spending. Since 2011, travel spending increased in line with the recovering economy and growing disposable income, benefiting industry operators. The Tourism industry’s revenue is expected to increase at an annualized rate of 3.1% to $977.2 billion over the five years to 2016, including a 1.9% jump in 2016.

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    Additional Insights for the Tourism Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Tourism Industry are

  • Ability to quickly adopt new technology
  • Proximity to key markets
  • Access to a multiskilled and flexible workforce
  • IBISWorld analysts also discuss how external factors such as Domestic trips by US residents and Consumer Confidence Index in the Tourism industry impact industry performance..

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    Industry Products

    What is the Tourism Industry?

    Tourism is defined broadly to include spending by visitors whose primary travel purposes are business, convention or conference travel, government business, and the more familiar tourism for leisure, vacation or to visit friends and relatives. Major industries that benefit from tourism expenditure include domestic and international air transportation, accommodation services, food services, drinking places, automotive rental and travel arrangers.

    Industry Products
    Traveler accommodations
    Air transportation
    Travel arrangement and reservations
    Food and beverage establishments
    Automotive rentals
    Gasoline
    Recreation and entertainment
    Other retail activities
    Industry Activities
    Traveler accommodation services
    Domestic airline operation
    International airline operation
    Food services and drinking place services
    Automotive rental
    Travel agent and tour arrangement services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Domestic trips by US residents
  • Consumer Confidence Index
  • Inbound trips by non-US residents
  • International trips by US residents
  • Consumer spending

  • Current Performance
  • Travel trends
  • Sensitivities
  • Increasing competition
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Travel trends
  • Industry landscape
  • Table: Tourism Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Tourism Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Advertising Agencies
  • Beef & Pork Wholesaling
  • Beer Wholesaling
  • Caterers
  • Construction
  • Dry Cleaners
  • Fish & Seafood Wholesaling
  • Fruit & Vegetable Wholesaling
  • Retail Trade
  • Wine & Spirits Wholesaling

  • Products & Services
  • Other retail activities
  • Traveler accommodations
  • Air transportation
  • Food and beverage establishments
  • Recreation and entertainment
  • Gasoline
  • Travel arrangement and reservations
  • Automotive rentals
  • Chart: Tourism Industry Products and Services Segmentation

  • Demand Determinants
  • Leisure travel
  • Business travel
  • International tourism

  • Major Markets
  • Domestic leisure travelers
  • International leisure travelers
  • Business travelers
  • Meeting, events and incentive travelers
  • Chart: Major Market Segmentation for the Tourism Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Tourism

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Tourism Industry

  • Industry Globalization
    Major Companies
    American Airlines Group Inc.Delta Air Lines Inc.Hilton Worldwide Holdings Inc.Marriott International Inc.The Walt Disney Company
  • Table: American Airlines Group Inc. - financial performance
  • Table: Delta Air Lines Inc. - financial performance
  • Table: Hilton Worldwide Holdings Inc. - financial performance
  • Table: Marriott International Inc. - financial performance
  • Table: The Walt Disney Company - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Tourism Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Tourism Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Domestic Trips (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Brick And Mortar
  • A store that has a physical presence and location, as opposed to an online retailer.
  • Global Distribution System
  • A computerized system for agents that comprises details on international and domestic travel product.
  • Revenue Per Available Room (Revpar)
  • A measurement that is calculated by multiplying a hotel's average daily room rate (ADR) by its occupancy rate.
  • Star Alliance Network
  • The world's first and largest airline alliance, with agreements between participating airlines to cooperate on a substantial level.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Tourism:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Tourism market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Tourism, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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