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Extracts of Global Travel Report 2013

Posted Date:  January 30, 2014

Sharing with you the extracts from the Global Travel Report conducted during WTM 2013 in association with Euromonitor International
 
  • Thanks to positive growth in the Eurozone, the IMF predicts global GDP to grow by 3.8% in 2014. The economy picking up in the US and a further increase in emerging markets also helps.
  • The long-term economic potential of the BRICs and other emerging markets remains solid and is expected to drive positive performance of the global economy over 2015-2017.
  • Over the 2012-2017 period global tourist arrivals and inbound spending are predicted to continue to be vital, boosted by increasing demand from emerging markets.
  • Advanced markets are recovering after the difficulties experienced since the crisis with tourism flows and spending from the US, Japan and Europe returning to growth.
  • Online travel agencies are growing in importance, with Expedia and Priceline dominating this space. Players from emerging markets are also gaining ground, like the Chinese online travel agency Ctrip.
  • Mobile travel bookings are becoming significant globally, reaching double-digit shares of online sales for some key players in the online travel agency and hotel categories in 2013.

 

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Author: Anush Mathews

Anush works as QA Lead in Teknokraaft and works with our OTA team.

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    Kerala, INDIA Pin Code : 695004

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