Industry Analysis & Industry Trends
The Global Tourism industry has experienced steady growth over the five years to 2016. International tourist arrivals continue to grow, as global per capita income increases and consumer sentiment improves. In the coming years, the industry is expected to continue growing, as the global economy continues to strengthen. Despite some distressed areas due to conflicts or regional economic problems, several factors, such as growing per capita disposable income and improving consumer sentiment, point toward strong tourism growth... 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 2016. At the top end, the industry is dominated by large airlines, hotels, 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 over 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. tra.. read more