Sustainability in the Travel and Tourism Industry: Emerging Trends, Organizations Approach and Travelers Viewpoint

Published: June 2016
No. of Pages: 36
    ReportsandReports

Summary

The majority of travel and tourism companies have already initiated sustainable practices. The focus on reducing costs and improving efficiency, and minimizing the carbon footprint, are encouraging organizations to implement sustainable practices. Travel and tourism companies state that sustainable measures and green initiatives are important for their business prospects, and aim to utilize sustainability to enhance brand awareness and increase their competitive advantage. Despite the high costs involved in implementing sustainability measures, sustainable practices reduce operational costs, decrease waste, and enhance worker productivity, which ultimately boosts the overall profit margin of travel and tourism companies. Travel and tourism companies strongly agree that consumers would pay 10% more to stay at a green lodging facility.

Key Findings

  • Improvement in efficiency and cost reductions are encouraging organizations to implement sustainable practices
  • The majority of organizations have implemented energy-efficient lighting and the regular monitoring of electricity/gas/water consumption
  • The highest percentage of executives forecast an increase in their organization's profitability with the implementation of sustainable practices.
  • The survey results reveal that 47% of executives either strongly agree or agree to pay 10% more to stay at a green lodging facility.

Synopsis

This report is the result of an extensive survey drawn from Canadean's exclusive panel of leading global travel and tourism industry executives. The report analyzes the current status of sustainable practices, and organizations views about significance of sustainable measures and green initiatives for business prospects over the next two years. The report also highlights important factors influencing implementation of sustainable practices in organizations and examines potential impact of sustainable practices on organization's profitability. In addition, the report indicates major barriers towards implementation of sustainability measures and identifies preferred sustainable hotel destinations globally.

In particular, it provides an in-depth analysis of the following:

  • Key drivers of sustainable practices in organizations: analyzes key factors which are influencing organizations to implement sustainable practices
  • Prominence of sustainable measures and green initiatives for future business activities: examines importance of sustainable measures and green initiatives for business prospects over the next two years
  • Projected change in sustainability management budget: indicates how executives expect their organization's sustainability management budget to change over the next two years
  • Potential impact of sustainable practices on organization's profitability: ascertains executives expectations about the impact on their organizations profitability due to adoption of sustainable practices
  • Significant challenges towards implementing sustainability measures: identifies main barriers faced by organizations towards implementation of sustainability measures
  • Impact of sustainability in travelers selection for hotels, transport and meals: examines how often do travelers consider sustainability while choosing hotels, transport and meals
  • Travelers viewpoint about additional expenditure incurred: examines Travelers opinion about incurring additional cost for staying at a green lodging facility
  • World's top sustainable hotel destinations: identifies globally preferred sustainable hotel destinations

Reasons To Buy

  • The report provides information about potential impact of sustainable practices on organization's profitability. This will help organization to develop future business plans
  • The report assists readers in making strategic decisions by understanding the significance of sustainable measures and green initiatives for business prospects over the next two years as highlighted by organizations
  • The travel and tourism industry executives will be provided with level of implementation of green initiatives and sustainability practices
  • The report highlights Impact of sustainability in travelers selection for hotels, transport and meals, and identifies travelers opinion about incurring additional cost for staying at a green lodging facility
  • The report helps industry executives to redesign business strategy by providing information about expected change in sustainability management budget over the next two years and major barriers faced by organizations towards implementation of sustainability measures

Companies Mentioned

  • Accor Hotels
  • London Heathrow Marriot
  • The Kempinski Hotel

Published By: GlobalData
Product Code: Canadean11171


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 Luxury Mega-yachts Market Professional Survey Report 2017

    This report studies Luxury Mega-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 Casino Gaming Market Size, Status and Forecast 2022

    This report studies the global Casino Gaming market, analyzes and researches the Casino Gaming development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like...

  • Global Vacation Ownership (Timeshare) Market Size, Status and Forecast 2022

    This report studies the global Vacation Ownership (Timeshare) market, analyzes and researches the Vacation Ownership (Timeshare) development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the ...

  • Global Sailing catamarans Market Report 2017

    The major players in global Sailing catamarans market include Sunreef Yachts, Spirited Designs, Leopard Catamarans, Lagoon catamarans, Fountaine Pajot Catamarans, Matrix Yachts, Voyage, Antares Yacht, TomCat Boats, Alibi, Robertson and Caine, Gemin...

  • Recreational Boating Industry Forecasts - China Focus

    This study focuses on China’s Recreational Boating industry forecasts. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have tr...

  • Recreational Boating Companies in China

    This study focuses on China’s Recreational Boating industry assessments and company profiles. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consum...

  • Recreational Boating Markets in China

    China's demand for Recreational Boating has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive ...

  • United States Luxury Mega-yachts Market Report 2017

    In this report, the United States Luxury Mega-yachts 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 Unit...

  • Global Outdoor Gear Market by Manufacturers, Countries, Type and Application, Forecast to 2022

    The Outdoor Gear is always adopted by those who love nature, hiking, backpacking and adventure. In our report, the outdoor gear includes outdoor apparel, equipment and gear, as well as outdoor shoes and footwear.Scope of the Report:This report focuse...

  • EMEA (Europe, Middle East and Africa) Lottery Market Report 2017

    In this report, the EMEA Lottery 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 EMEA into Europe, the Middle ...


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: