Travel and Tourism Industry Business Outlook and Procurement Survey H1 2017

Published: June 2017
No. of Pages: 50
    ReportsandReports

GlobalData's "Travel and Tourism Industry Business Outlook and Procurement Survey H1 2017", report examines executives' opinion on the business outlook and procurement activities over June-November 2017. Organizations can know about key business priorities, supplier price variations, changes in procurement expenditure, and supplier prices with the implementation status of e-procurement within the travel and tourism industry. Additionally, it provides information categorized by region and company type.

Amid growing market uncertainty, and rising competition, organizations within the travel and tourism industry are planning to increase focus on improving operational efficiency and sustainability initiatives, expansion in the current market, and new product development. Mergers and acquisitions are expected to increase within the travel and tourism industry over the next six months. Emerging markets such as China, India, and Russia are forecast to offer prominent growth opportunities for the travel and tourism industry. Moreover, organizations intend to increase their use of technology, and concentrate on internal operating cost reductions in H1 2017; procurement activities will increase on IT services and MRO activities. Consequently, procurement expenditure for travel and tourism organizations is projected to increase by an average of 5% over the next six months. Additionally, 51% of travel and tourism industry executives expect supplier prices to increase in the next six months.

What else does this report offer?

  • Key business priorities: examines travel and tourism companies' important priorities for H1 (June-November) 2017
  • Emerging and developed markets: provides information about key emerging and developed markets, which will offer the most growth over H1 2017
  • Change in M&A activity: analyzes travel and tourism industry executives' opinion on changes in merger and acquisition activity globally
  • Business concerns: identifies major business concerns that are likely to impact travel and tourism companies
  • Change in capital expenditure: tracks the expected change in capital expenditure both globally and regionally across key areas
  • Budget allocation: examining procurement budget expectations for travel and tourism organizations over the next six months
  • Supplier price outlook: determine the expected change in supplier prices over June-November 2017
  • E-procurement: identify executives' perspective towards e-procurement within the travel and tourism industry.

Scope

  • The majority of executives highlight improving operational efficiency and expansion in current market as key priorities for June 2017-November 2017
  • Executives who operate in Europe view Germany as the more significant potential developed market, compared to those operating in North America
  • Overall, 30% of respondents from large companies foresee no change in mergers and acquisitions activity in the coming six months
  • Organizations within the travel and tourism industry expect to increase their use of technology and focus on internal operating cost reductions in next six months
  • Large companies indicate more focus towards procurement of capital equipment in the next six months, compared to small and medium-sized companies
  • Over one-quarter of executives who operate in the Rest of the World indicated limited deployment of e-procurement within their organizations.

Reasons to buy

  • Highlights key business priorities thus helping travel and tourism companies to realign business strategy
  • Develop or adjust business expansion plans by knowing about significant growth-offering emerging and developed markets
  • Make changes in procurement budget allocations by analyzing procurement expenditure projections anticipated by executives for June-November 2017
  • Helps to manage costs by providing information about supplier price expectations for the next six months.

Published By: GlobalData
Product Code: GlobalData39880


Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:

  • Global Business Yachts Market Professional Survey Report 2017

    This report studies Business Yachts in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. ...

  • Global and Regional Outdoor Gear Market Research Report 2017

    Summary The Outdoor Gear is always adopted by those who love nature, hiking, backpacking and adventure. The outdoor gear includes outdoor apparel, equipment and gear, as well as outdoor shoes and footwear. Market Segment as follows: By Regio...

  • United States Outdoor Gear Market Report 2017

    In this report, the United States Outdoor Gear market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report splits the United Sta...

  • Global and Regional Luxury Hotels Market Research Report 2017

    Summary A hotel is an establishment that provides lodging paid on a short-term basis. Facilities provided may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a fridge and other kitc...

  • Global and Regional Lottery Market Research Report 2017

    Summary A lottery is a form of gambling which involves the drawing of lots for a prize. Lotteries are outlawed by some governments, while others endorse it to the extent of organizing a national or state lottery. It is common to find some degree o...

  • Global and China Poles Market Research by Company, Type & Application 2013-2025

    Summary Nordic walking is a total body version of walking that can be enjoyed both by non-athletes as a health-promoting physical activity, and by athletes as a sport. The activity is performed with specially designed walking poles similar to ski ...

  • Global Outdoor Gear Sales Market Report 2017

    In this report, the global Outdoor Gear market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split global into several ke...

  • Hotels & Motels Global Industry Almanac 2017

    Hotels & Motels Global Industry Almanac 2017 Summary Global Hotels & Motels industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile...

  • Global Lottery Market Data Survey Report 2025

    Summary A lottery is a form of gambling which involves the drawing of lots for a prize. Lotteries are outlawed by some governments, while others endorse it to the extent of organizing a national or state lottery. It is common to find some degree o...

  • Global Hammocks Market Professional Survey Report 2017

    This report studies Hammocks in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This re...


Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest: