Market Watch Review of the Russian market of tourism and services for travelers, : volume, structure, dynamics March2013

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Market Watch Review of the Russian market of tourism and services for travelers, : volume, structure, dynamics March2013"

Transcription

1 Market Watch Review of the Russian market of tourism and services for travelers, : volume, structure, dynamics March2013 Review of the Russian market of tourism and services for travelers The company J'son & Partners represents the results of market research of tourism services of the Russian Federation. The volume of Russian market of tourism and services for travelers has been increasing steadily throughout the last decade. In 2012 its volume (compared with 2011) has increased by 14% (or by 149 billion rubles) exceeded 1 trillion dollars (about 1.7% of GDP of the Russian Federation). If current growth rates are maintained in 2013, the market of tourist services will reach 1.35 trillion rubles. Figure 1. Market volume of the tourism of the Russian Federation, billion rubles, Source: J son & Partners Consulting, the Federal State Statistics Service Passenger air transportation form more than half of the market volume, quarter of the volume is ensured by the accommodation facilities (hotels, motels and etc.), about 13% - by passenger transportation with the use of rail transport. 1

2 Figure 2. Distribution of the tourism market of the Russian Federation relative to the types of services, 2012 Source: J son & Partners Consulting, the Federal State Statistics Service Prerequisites for positive dynamics of the market are the growth of population solvency and consistent development of the tourist infrastructure, growth of the level of penetration of remote banking services, Internet and Internet services in our country. The tourism industry is one of the clearest examples of the introduction, development and active use of ICT (information and communication technologies) in the world. To book tickets, select and pay for the hotel room in any city around the world, at any time, anywhere with your mobile device by electronic payment methods is customary for travelers of all ages with a wide range of income levels. Russia also increases the use level of Internet technologies and online services by the main market players. There are two major directions: the introduction of modern information systems by service providers (the greatest potential is in the segment of «accommodation facilities») and the development of distribution channels (the greatest potential is mobile sales channels). In the area of distribution of tourism services in the Internet (under agency scheme) there are notable projects such as OneTwoTrip, Anywayanyday, OZON.travel, Oktogo and Ostrovok.ru, which are the illustrative example of successful use of ICT. The most visible suppliers of tourism services are JSC FPC and JSC Russian Railways (RZhD), which incorporate and popularize the technology «electronic railway ticket» and increased the share of electronic tickets sold in 2012 in half (from 7% to 15%). Besides that one can also note the high activity of new players in the framework of traditional (offline 1 ) market of service distribution for travelers, where major mobile retail networks are working actively (in particular, Svyaznoy and Euroset), and Federal State Unitary Enterprise Russian Post. J'son & Partners Consulting experts note the high level of investment attractiveness of this segment of Russian economy and predict the emergence of the significant number of new companies (including international companies) involved by favorable market conditions observed at present time. 1 Offline the term, which is usually applied to something other than the Internet - as opposed to «online». 2

3 Market of tourist services is moving in the direction of greater transparency and accessibility for the end user. Increase of the share of tourism services, which are drawn in the Internet 2, can be considered as the most notable trend in the Russian market in The structure of demand is changing moving in the direction of self-issuance of tourist services in the Internet by population (with the use of desktop computers and mobile devices). The level of competition is rising, and in the near future new contenders for the leadership will appear. If the largest traditional market players do not want to lose their positions, they should promptly react to changes and pressure from innovative IT solutions and the means of access to tourist services, which are occurring now. 2 Aviation EXplorer, 3

4 Passenger air transportation In 2012 the growth rates of passenger turnover 3 in Russia were significantly faster than the world average indicators, the growth of which was 5.3%, according to the International Air Transport Association (IATA). Passenger turnover increased by more than 17% and reached million passenger-kilometers. Figure 3. Aviation passenger turnover, billion passenger-kilometers, Source: J son & Partners Consulting, Federal Air Transport Agency (Rosaviatsia) This was primarily due to the positive dynamics in the framework of international directions. During the first half of 2012 the number of trips of Russian citizens abroad with the purpose of tourism has increased (compared to the same period in 2011) by more than 6.6%. As a result of the year the volume of international transportation has grown by 24%. Dynamics of growth of the volume of domestic transportation was significantly more modest. As a result of the year this segment showed the increase of about 7% 4. 3 Passenger turnover indicator reflecting the volume of passenger transportation in passenger-kilometers. It is calculated as the multiplication of the number of passengers by the transportation distance for each type of transport. 4 Federal Air Transport Agency (Rosaviatsia). 4

5 Figure 4. Distribution of the passenger turnover in the Russian Federation relative to the types of air transportation, 2012 Source: J son & Partners Consulting, Federal Air Transport Agency (Rosaviatsia) In 2012 year the airlines have been transporting 10 million passengers more than in 2011 (a relative growth was about 15.5%). The total number of passengers exceeded 74 million people in Figure 5. Air transportation of passengers in the Russian Federation, million people, 2012 Figure 5. Distribution of total number of transported air passengers in the Russian Federation relative to the types of transportation, 2012 Source: J son & Partners Consulting, Federal Air Transport Agency (Rosaviatsia) The leaders of the air transportation market relative to number of passengers are «Aeroflot», «Transaero», «UTair», «Siberia», which in 2012 carried more than 62.5% of the total number of passengers, and the passenger turnover of which was more than 65.5%. The most significant growth 5

6 among these companies in 2012 was demonstrated by the airline «UTair», which, compared to 2011, carried 40% passengers more increased passenger turnover by more than 36% 5. Despite the impressive dynamics airlines operating in the framework of the Russian market face with significant problems in their work. The main challenges for the aviation market are the negative profitability of domestic transportation (about 6-7%), the price rise of jet fuel and airport services, and lack of flight personnel. In Russia there is the vacant niche of low-cost 6 transportation, although outside of the area of the country this direction is developing faster pace. There is the interest to the Russian low-cost transportation from the side of foreign airlines that specialize in this area. In particular, in 2013 the airline EasyJet said about the intentions to work in Russia. Low-cost transportation may be one of the main drivers of future growth of the market. 5 Federal Air Transport Agency (Rosaviatsia). 6 Low-cost airline (discounter) airline that offers very low transportation price in exchange for refusal from the greater part of the traditional passenger services 6

7 Railway passenger transportation Passenger turnover on the railways did not grow as much as in the segment of aviation. In 2012 the market of long-distance passenger transportation, which include domestic and international traffic, has grown by 1.5% reaching the value of 300 billion passenger-kilometers against 296 billion passengerkilometers in According to J'son & Partners Consulting data the market volume in monetary expression exceeded 160 billion rubles. Figure 6. Passenger turnover in the Russian Federation, railway, billion passengerkilometers, Source: J son & Partners Consulting, JSC Russian Railways, JSC Federal Passenger Company (FPC) The main trend in the market of long-distance railway passenger transportation is the significant increase of the share of sales of electronic tickets from 7% in 2011 to 15% in In 2012 the passengers bought 17 7 million electronic tickets on long-distance trains. Actually the monopolists on the market of railway passenger transportation are JSC FPC (more than 95% of passenger turnover) and JSC Russian Railways (more than 3% of passenger turnover). It should be noted that railway passenger transportation, as well as domestic air passenger transportation, had the negative profitability (about 6%) in The most serious competitive threat for railway passenger transportation in Russia, as elsewhere in the world, is air transportation. The advantages of airlines is the speed and, as a consequence, delivery time of passengers, absence of price regulation, as well as higher price, commercial and marketing flexibility of airlines. 7 EIA Prime: in 2012 sale of electronic railway tickets on a train grew in 2 times in Russia (February 13, 2013) 7

8 Accommodation facilities In 2012 the market volume of collective accommodation facilities was 279 billion rubles. The market grew by 14.21% 8 compared to The main share of revenues (more than 70%) was ensured by the hotels, 30% was ensured by the revenues of sanatorium and health organizations. The impressive growth rates were mainly due to the rapid growth of revenues of hospitality enterprises. This is due to several factors: 1. Putting into operation of new hotels including members of such networks as: Carlson Rezidor Hotel Group, InterContinental Hotel Group, Marriott International Inc. and, consequently, growth of room stock. Only in 2012 Russia was put seven such hotels into operation: Courtyard Moscow Paveletskaya (Marriott International Inc.), Ibis Samara and Mercure Arbat (Accor Hotels), Domina Prestige St. Petersburg Hotel (Domina Hotel Group), InterContinental Moscow Tverskaya (InterContinental Hotel Group), Park Inn by Radisson Odintsovo Greater Moscow and the Radisson Blu Resort & Congress Centre (Carlson Rezidor Hotel Group) Increase of average daily rate (ADR 10 ) and revenue per available room (RevPAR 11 ). 3. Efforts from the side of the government to stimulate the supply and demand under the federal target program «Development of domestic and inbound tourism in the Russian Federation» 12. In 2013 according to the forecasts of J`son & Partners Consulting the positive dynamics of the market will maintain. The market volume will increase by 17% to 326 billion rubles. 8 Federal State Statistics Service 9 «Expert South» (239) (December 3, 2012) To overcome offseason 10 ADR (Average Daily Rate) statistical indicator of the average cost of room sold per day 11 RevPAR (Revenue per available room) Total revenue of the room stock divided by the total number of available rooms (mathematically equal ADR multiplied by hotel occupancy). 12 Federal targeted investment program of Russia 8

9 Figure 7. Revenues of collective accommodation facilities, billion rubles, Figure 8. Distribution of collective accommodation facilities relative to the types of accommodation, 2012 Source: J son & Partners Consulting, Federal State Statistics Service It should be noted that, despite the steady increase in the number of rooms, occupancy rate of Russian hotels (Occ 13 ) has remained the same for over 10 years - about 70% 14. In addition, we can say almost continuous positive dynamics of average daily rate (ADR) and revenue per available room (RevPar). Local decrease of these indicators in was caused by fundamental reasons to a greater extent (the unfavorable situation in the Russian economy as a whole). Figure 9. Increasing of room stock, Source: J son & Partners Consulting, Federal State Statistics Service The market has a high potential for further development. As one of the most promising directions of development we can identify increasing of occupancy of room stock by introducing of modern technologies of room stock management, quality control and development of distribution channels in 13 Occupancy rate - population density (number of people actually staying in rooms or buildings) 14 It was calculated according to the data of Federal State Statistics Service 9

10 hotels. High activity in this direction has already been observed from the side of the companies such as Expedia, HRS, Booking.com, Ostrovok.ru. Figure 10. Occupancy rate of room stock, Source: J son & Partners Consulting, Federal State Statistics Service 10

11 The main trends of the market development in 2013 In 2013 the market of tourist services will steadily develop in Russia. It will be caused by the following reasons: 1. Relatively favorable economic market conditions. 2. Significant investment in the sector from the side of the government aimed, in particular, to the formation of regional brand of tourism region and its promotion outside the territory of the Russian Federation High activity of the world's leading players of the tourist market in Russia. Permanent growth of the competition level will contribute to improving of the quality and changing of sales schemes of tourist services. The most significant changes can be: 1. Increasing of the share of offline and online agents providing a full range of tourist services. Expanding of the range of specialized agencies offering transportation to customers by all available types of transport, hotel booking, order of taxi, cars, transfers, special maintenance, insurance, tickets to entertainment and sporting events and other services. 2. Expanding of the range of services offered on the websites of suppliers (airlines, railway carriers, hotels, etc.), offer to set the additional services in conjunction with the purchase of the «basic» service, such as during the purchase of air and/or railway ticket - hotel accommodation, transfer and insurance. 3. Investment (both from suppliers and from the agents) for the creation, development and promotion of mobile sales channels: websites adapted for mobile devices and mobile applications. 4. Active involvement in the consumption of tourist services of social networks with the proposal of the projects specializing in targeted products in the framework of narrow segments of the audience (group trips for communities, individual tours, etc.). Sources of information used in this research Federal State Statistics Service Ministry of Economic Development of the Russian Federation International Air Transport Association (IATA) Federal Air Transport Agency (Rosaviatsia) Federal Agency for Tourism (Rosturizm) Federal Tax Service Expert evaluations of the sector Materials of the major players of the sector Sectoral print and electronic publications 15 Rossiyskaya Gazeta (Russian Newspaper). «Tourism development in Russia» 11

12 REPORT «The Russian market of tourism and services for travelers (tourist services) in : volume, structure, dynamics» CONTENTS 1. Introduction 2. World tourist market This section provides the brief overview of the world market of tourist services, its structure, dynamics and main trends. 3. Russian market of tourist services Section describes the current status of the market of tourism and services for travelers of the Russian Federation, its structure. There is the characterization of market segments, major players and nuances of the legislation governing their interactions, structure of supply and demand, and pricing. The potential of these segments, opportunities and threats present in the framework of them, main directions of further development are determined Volume and structure 3.2. Analysis of state initiatives aimed at market development 3.3. Railway transportation Normative and legal regulation Structure, major players Supply and demand: passenger turnover, pricing Potential, restrictions, opportunities and risks, perspective directions of development 3.4. Passenger air transportation Normative and legal regulation Structure, major players Analysis of passenger turnover Supply and demand: passenger turnover, pricing Potential, restrictions, opportunities and risks, perspective directions of development 3.5. Accommodation facilities Normative and legal regulation Structure, major players Supply and demand: accommodation facility base and its distribution through regions, pricing Potential, restrictions, opportunities and risks, perspective directions of development 3.6. Other paid tourist services 3.7. Market of distribution of tourist services Normative and legal regulation Structure, major players Pricing, direct and agency sales. Online vs offline Potential, restrictions, opportunities and risks, perspective directions of development 4. Conclusions and recommendations This section presents the main conclusions of the research. In particular, it identifies the most promising market segments having the largest growth potential. 5. Predictions of market development in The section defines three variants of further development of the market of tourist services, as well as prerequisites that will determine the probability of implementation of some scenario Optimistic 5.2. Pessimistic 5.3. Realistic 6. Profiles of companies 12

13 Additional Services Investigated market segments Passenger air transportation Passenger transportation by the longdistance trains Market of accommodation facilities (hotels, rest homes, sanatoriums, etc.). Travel insurance Car rent Transfers Excursion services Online distribution of tourist services Main directions of the activities relative to the market of tourist services At present time the large partner information network J'son & Partners brings together experts of various segments and directions of the tourism market, among whom there are representatives of service providers (airlines, hotels, car rental agencies, etc.), tour operators, agents for the sale of air- and railway tickets, operators of electronic payment systems holding senior positions, as well as representatives of relevant ministries and departments. Expert group of the company J'son & Partners Consulting is engaged in research and monitoring of the market of tourism and services for travelers, evaluation of Internet projects and mobile applications, development of schemes of monetization, marketing strategy, mechanisms of promotion of online services, etc. Analytics: Marketing researches, analytical reviews, Ad Hoc researches Trend analysis of the sector in Russia and abroad (dynamics and market volume, forecasts of the development till 2017, assessment of market demand, potential volume of revenues, key players, shares, etc.) Business planning and investment and strategy consulting: Development of the strategy of Company progress Evaluation of the price of the Project/Company, share in business Preparation of business plan of the Company or the audit of the existing business plan Development of a financial model to assess the income and expenditure budget of the Project Roll Out the Project Analysis of the customer's business (business processes, services/products, SWOT, monetization, distribution channels) Development of a strategy and tactics of the progress of the customer's company, selection of contractors (service providers, aggregators of services), independent control of commercial conditions of work Project management for the benefit of the customer (methodology PMI PMBoK) Preparation of presentation for investors and a package of investment instruments Search for investor/partner/project for purchase M&A support, business selling/buying Integrated marketing support for the start and promotion of the Project: Development of the Concept of the Project progress and monetization strategies Development of Marketing strategy of the Project Development of the Concept of positioning and promotion of the project Additional services: Organization and support of the full cycle of sales (Complex Marketing & Sales Outsourcing) Development and recommendations for running of Internet/online portal Development of Marketing strategy (including the analysis of target segments, competitors, trends, resources and channels of promotion, advertising sites, etc.) Development of Media plan and practical implementation of the marketing strategy, production of promotional materials and start of the advertising campaign Analysis of legislative features (local and foreign markets) Search for local and foreign partners Legal support 13

DELELOPMENT OF STATISTICS ON TOURISM SUPPLY IN THE RUSSIAN FEDERATION

DELELOPMENT OF STATISTICS ON TOURISM SUPPLY IN THE RUSSIAN FEDERATION DELELOPMENT OF STATISTICS ON TOURISM SUPPLY IN THE RUSSIAN FEDERATION Part I Statistics of Tourism Supply in the Russian Federation Rosstat carries out the work on development of the Russian tourism statistics

More information

Travel and Tourism in Croatia to 2017

Travel and Tourism in Croatia to 2017 Brochure More information from http://www.researchandmarkets.com/reports/2737795/ Travel and Tourism in Croatia to 2017 Description: The report provides detailed market analysis, information and insights,

More information

B312 Hospitality and Tourism Management. Module Synopsis

B312 Hospitality and Tourism Management. Module Synopsis B312 Hospitality and Tourism Management Module Synopsis According to United Nation World Tourism Organization (UNWTO) report, Tourism Highlights (2008), tourism has been experiencing positive growth over

More information

Europe s lowest room rates and occupancy levels Is business still good?

Europe s lowest room rates and occupancy levels Is business still good? HOTEL MARKET REPORT SOFIA 2012 Europe s lowest room rates and occupancy levels Is business still good? The comparisons below are based on figures from STR Global which represent the six largest international

More information

Travel and Tourism in Norway to 2017

Travel and Tourism in Norway to 2017 Brochure More information from http://www.researchandmarkets.com/reports/2569946/ Travel and Tourism in Norway to 2017 Description: "Synopsis The report provides detailed market analysis, information and

More information

Economic Impact Analysis of the Tourism Industry

Economic Impact Analysis of the Tourism Industry Economic Impact Analysis of the Tourism Industry Report Prepared for the Kissimmee Convention and Visitors Bureau By The Dick Pope Sr. Institute for Tourism Studies The Dick Pope Sr. Institute for Tourism

More information

ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON TRAVEL INDUSTRY

ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON TRAVEL INDUSTRY ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON TRAVEL INDUSTRY CONTENTS INTRODUCTION... 1 Overview of Goods and Services Tax (GST)... 1 OVERVIEW OF THE TRAVEL INDUSTRY... 1 Supply of Goods and

More information

Tourism in the South West, its impacts and the relevance of Bristol International Airport

Tourism in the South West, its impacts and the relevance of Bristol International Airport Tourism in the South West, its impacts and the relevance of Bristol International Airport J Birch, Stop Bristol Airport Expansion Ltd, a coalition of the Parish Councils Airport Association, the Campaign

More information

RUSSIAN FURNITURE MARKET OVERVIEW

RUSSIAN FURNITURE MARKET OVERVIEW RUSSIAN FURNITURE MARKET OVERVIEW Olga Makeeva, senior consultant Finpro ry, Saint Petersburg November 2013 Market volume Russia s furniture market one of the world s fastest growing and most competitive.

More information

Stopover Finland. Benchmarking Iceland

Stopover Finland. Benchmarking Iceland Stopover Finland Benchmarking Iceland Content of the benchmarking study Executive summary Objectives of the benchmarking study Methods used Findings Stopover traveler Stopover products Stopover travelers

More information

Travel and Tourism in Turkey, Key Trends and Opportunities to 2016: Growing International Trade Will Drive Growth in Turkish Tourism Industry

Travel and Tourism in Turkey, Key Trends and Opportunities to 2016: Growing International Trade Will Drive Growth in Turkish Tourism Industry Brochure More information from http://www.researchandmarkets.com/reports/2067229/ Travel and Tourism in Turkey, Key Trends and Opportunities to 2016: Growing International Trade Will Drive Growth in Turkish

More information

Q1 2015 China E-commerce Report (Brief Edition) www.iresearchchina.com

Q1 2015 China E-commerce Report (Brief Edition) www.iresearchchina.com Q1 2015 China E-commerce Report (Brief Edition) www.iresearchchina.com 1 Overview of China E-commerce Market 2 Performance of China E-commerce Segments Overview of China E-commerce Market 3.48 Trillion

More information

HOSPITALITY INDUSTRY INDUSTRY IN ARMENIA

HOSPITALITY INDUSTRY INDUSTRY IN ARMENIA HOSPITALITY INDUSTRY RESEARCH: TOURISM AND HOTEL INDUSTRY IN ARMENIA Bi Brief Presentation ti INTRODUCTION Ameria CJSC has initiated the implementation of comprehensive sectorial researches on the economy

More information

Tourism in the United States

Tourism in the United States Tourism in the United States From IBIS World: Tourism is defined to include visitors whose primary travel purposes are Business Convention or conference travel Government business The more familiar tourism

More information

Russian package tours market. E-travel 2013. November, 2013

Russian package tours market. E-travel 2013. November, 2013 Russian package tours market E-travel 2013 November, 2013 Travelata.ru is a leading Russian online travel agency focusing on sales of package tours online What we do? Products Package tours Last minute

More information

Trends in Travel Technology. Winnie Cheung School of Hospitality & Tourism Management University of Guelph ABSTRACT

Trends in Travel Technology. Winnie Cheung School of Hospitality & Tourism Management University of Guelph ABSTRACT Trends in Travel Technology Winnie Cheung School of Hospitality & Tourism Management University of Guelph ABSTRACT The use of Internet has been increasing exponentially as consumers become more tech- savvy

More information

Ch 6 Revenue Management

Ch 6 Revenue Management 6-1 Ch 6 Revenue Management 6.1 History 6.2 Levels of Revenue Management 6.3 Revenue Management Strategy 6.4 The System Context 6.5 Booking Control 6.6 Tactical Revenue Management 6.7 Net Contribution

More information

GLOBAL TOURISM - Geography Explained Fact Sheet

GLOBAL TOURISM - Geography Explained Fact Sheet Billion (US$) GLOBAL TOURISM - Geography Explained Fact Sheet Introduction With almost all the leading tourist destination countries having reported their international tourism receipts for 2006, the WTO

More information

The company "Netology Group" announced attracting 2.1 million dollars during the next round of investment.

The company Netology Group announced attracting 2.1 million dollars during the next round of investment. Online learning center "Netology Group" raised $2.1 million investment under the syndicated transaction from Buran Venture Capital and InVenture Partners Moscow, 03.02.2015 The company "Netology Group"

More information

MARKET OVERVIEW. Hotel industry in Russia

MARKET OVERVIEW. Hotel industry in Russia 522 SW 5 th Ave., Suite 708 Portland, OR 97205 USA Toll Free: 877-WITH-ACG Direct Line: 503-922-2966 info@aginskyconsulting.com www.aginskyconsulting.com August 14, 2007 MARKET OVERVIEW Hotel industry

More information

Figure 1. Number of Operator-Provided VoIP Service Subscribers across the World, 2010-2011. Source: Point Topic, 2012

Figure 1. Number of Operator-Provided VoIP Service Subscribers across the World, 2010-2011. Source: Point Topic, 2012 J son & Partners Consulting presents the main results of the updated research of the Russian and global VoIP market monitored by the company since 2005. This marketing report contains the results of the

More information

Investec India Digital Media & E-Commerce Building momentum in a rapidly evolving market

Investec India Digital Media & E-Commerce Building momentum in a rapidly evolving market Investec India Digital Media & E-Commerce Building momentum in a rapidly evolving market Why India? Demographic Headwinds all point towards colossal growth By 2030, India will be the 3 rd largest economy

More information

Network of International Business Schools

Network of International Business Schools Network of International Business Schools WORLDWIDE CASE COMPETITION Sample Case Analysis #2 Qualification Round submission from the 2015 NIBS Worldwide Case Competition, Ottawa, Canada Case: Ethiopian

More information

INDIAN HOTEL INDUSTRY

INDIAN HOTEL INDUSTRY INDIAN HOTEL INDUSTRY Introduction: The Indian Hospitality Sector is witnessing one of its rare sustained growth trends. Hotel industry is inextricable linked to the tourism industry and the growth in

More information

Hawaii Tourism Latin America Webinars: Mexico and Argentina

Hawaii Tourism Latin America Webinars: Mexico and Argentina Hawaii Tourism Latin America Webinars: Mexico and Argentina Learn more about these markets, consumer trends, how to work with the travel trade, and other market updates. MEXICO STATS President Enrique

More information

CTI shows travel growth softening in January 2016. LTI predicts moderate overall travel growth into 2016, with domestic business travel in decline.

CTI shows travel growth softening in January 2016. LTI predicts moderate overall travel growth into 2016, with domestic business travel in decline. Analysis provided by TRAVEL TRENDS INDE JANUARY 2016 CTI shows travel growth softening in January 2016. LTI predicts moderate overall travel growth into 2016, with domestic business travel in decline.

More information

Q Hotel Real Estate Market Moscow

Q Hotel Real Estate Market Moscow overview Q3 2011 Knight Frank Executive summary Total hotel supply increased by 770 rooms since the beginning of 2011 thanks to opening of four hotels in the first half of the year. New hotel openings,

More information

Catania Airport Commercial Aviation Policy 2016 on incremental international traffic. 31st January 2016

Catania Airport Commercial Aviation Policy 2016 on incremental international traffic. 31st January 2016 Catania Airport Commercial Aviation Policy 2016 on incremental international traffic 31st January 2016 Commercial Policy Guidelines AIM This policy aims at increasing traffic (both on international connections

More information

Russian Travel Digest

Russian Travel Digest Everything you need to know about Russian Travel Market (in English) Russian Travel Digest Articles by Columns Articles by Destinations Destinations 210 Transportation 178 Analytics 123 Incoming 112 Marketing

More information

Boosting Direct Online Bookings for Maximum Results

Boosting Direct Online Bookings for Maximum Results 2010 Boosting Direct Online Bookings for Maximum Results I by Max Starkov The Internet distribution channel has become the most important distribution channel in hospitality. Hotel bookings made via the

More information

HISTORY OF TURKISH TOURISM DEVELOPMENT

HISTORY OF TURKISH TOURISM DEVELOPMENT ISHC Annual Conference Hospitality in a Changing World HISTORY OF TURKISH TOURISM DEVELOPMENT Presented by: Mehmet Önkal CHA, ISHC 20 October 2011 Ceylan InterContinental 2011 ISHC Istanbul, Annual Turkey

More information

Emerging Opportunities and Growth Prospects in the Indonesian Travel Intermediaries Industry, Analyses and Forecasts to 2016

Emerging Opportunities and Growth Prospects in the Indonesian Travel Intermediaries Industry, Analyses and Forecasts to 2016 Emerging Opportunities and Growth Prospects in the Indonesian Travel Intermediaries Industry, Analyses and Forecasts to 2016 BRICdata John Carpenter House 7 Carmelite Street London EC4Y 0BS United Kingdom

More information

7096 TRAVEL AND TOURISM

7096 TRAVEL AND TOURISM CAMBRIDGE INTERNATIONAL EXAMINATIONS Cambridge Ordinary Level MARK SCHEME for the October/November 2014 series 7096 TRAVEL AND TOURISM 7096/23 Paper 2 (Alternative to Coursework), maximum raw mark 100

More information

Finnair Q2 result info

Finnair Q2 result info Finnair Q2 result info 15 August 2014 CEO Pekka Vauramo CFO Erno Hildén 1 Product upgrades: Customers spoke, we listened Signature meals and new buy onboard menu, Sky Bistro Lounge renewals New In-flight

More information

St. Petersburg Hotel Real Estate Market Review 2015 Results. St. Petersburg Hotel Real Estate Market Review 2015

St. Petersburg Hotel Real Estate Market Review 2015 Results. St. Petersburg Hotel Real Estate Market Review 2015 St. Petersburg Hotel Real Estate Market Review 2015 Supply Structure and Dynamics At the beginning of 2015 the quality hotel stock in St. Petersburg, formed by 3-5* hotels 1, amounted to 17,500 rooms.

More information

EXECUTIVE SUMMARY. 1 Preface. 2 Tourism in the Baltic Sea. 4 Possibilities and challenges

EXECUTIVE SUMMARY. 1 Preface. 2 Tourism in the Baltic Sea. 4 Possibilities and challenges di analysis Tourism in the Baltic Sea Region EXECUTIVE SUMMARY > > This booklet gives you an overview of possibilities and challenges in the tourism industry in the Baltic Sea region. > > The first part

More information

ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON TRAVEL INDUSTRY

ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON TRAVEL INDUSTRY ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON TRAVEL INDUSTRY CONTENTS INTRODUCTION... 1 Overview of Goods and Services Tax (GST)... 1 OVERVIEW OF THE TRAVEL INDUSTRY... 1 Supply of Goods and

More information

Online Travel Market

Online Travel Market Online Travel Market France, Germany, UK and USA Failte Ireland On-line Summit 17 September 2015 Dr. Peter O Connor Senior Market Analyst Europe, Phocuswright Inc. Agenda 1. European and U.S. Online Travel

More information

Modern marketing trends - Ancillary Revenue

Modern marketing trends - Ancillary Revenue Modern marketing trends - Ancillary Revenue Ancillary revenue Ryanair ancillary services 22.1% in 2011 (breakdown) 11.10 per booked passenger Non-flight scheduled revenues including airport check-in, excess

More information

Travel Agents & Tour Operators in Europe Past, Present and Future Trends

Travel Agents & Tour Operators in Europe Past, Present and Future Trends Travel Agents & Tour Operators in Europe Past, Present and Future Trends Latvian Tourism Forum" Traveller 2020 " Riga, 9th December 2011" Michel de Blust" Secretary General " ECTAA" www.ectaa.eu" I. ECTAA,

More information

Easter and the Royal Bank Holiday Capture customers before the extended Easter Bank holiday break

Easter and the Royal Bank Holiday Capture customers before the extended Easter Bank holiday break Easter and the Royal Bank Holiday Capture customers before the extended Easter Bank holiday break Jonny Cranmer, Industry Analyst, jcranmer@google.com Insight Facts Opportunities/ Actions/ Conclusions

More information

AAAAAAAAAAA. Sergio Giorgetti Director Horwath HTL Latin America

AAAAAAAAAAA. Sergio Giorgetti Director Horwath HTL Latin America GHN Market Report: Lima Sergio Giorgetti Director Horwath HTL Latin America 1. Lima: Overview Lima is the capital and main city of the Republic of Peru, not only because of its population (the highest

More information

International Travel

International Travel Names: Period: International Travel 1. Will you need a passport? If so how do you get one. 2. Will you need a visa? If so how do you get one. What information do you need to provide? 3. What vaccinations

More information

Amadeus Media Solutions. Media Solutions. Set your objectives. & aim at your target

Amadeus Media Solutions. Media Solutions. Set your objectives. & aim at your target Amadeus Media Solutions Media Solutions Set your objectives & aim at your target 2 Media Solutions About Amadeus IT Group Amadeus IT Group is the leading technology partner to the world s travel industry.

More information

Mexico ICT Market Update: 1Q13 Results & Opportunities. Equipment. Supplies. ICT services. Software. ICT services (in the cloud)

Mexico ICT Market Update: 1Q13 Results & Opportunities. Equipment. Supplies. ICT services. Software. ICT services (in the cloud) Mexico ICT Market Update: 1Q13 Results & Opportunities ICT Mexico Market Size & Growth ICT Growth IT Growth 24.60% 24.30% 24.70% 2.50% 2.50% 2.50% 10.40% 11.50% 12.60% 4.60% 5.20% 5.70% Equipment Supplies

More information

Security Industry Association. Mission Statement

Security Industry Association. Mission Statement RUSSIA SECURITY MARKET SECURITY INDUSTRY ASSOCIATION REPORT Security Industry Association Mission Statement To proactively represent SIA members in the global security and life safety markets in order

More information

VISITENGLAND. Look, Book, Took Research. July GfK 2013 July 2013 Visit England Booking Processes 1

VISITENGLAND. Look, Book, Took Research. July GfK 2013 July 2013 Visit England Booking Processes 1 VISITENGLAND Look, Book, Took Research July 2013 GfK 2013 July 2013 Visit England Booking Processes 1 Contents 1. Methodology 2. Trip profile 3. Purchase journeys 4. Looking, booking and taking trips 5.

More information

Revenue Management. Business Intelligence. Electronic Distribution

Revenue Management. Business Intelligence. Electronic Distribution REVENUE MANAGEMENT HOTEL PRICING Whitepaper on the function of Pricing Limitations and Opportunities Revenue Management. Business Intelligence. Electronic Distribution Table Of Contents 1. Executive Summary

More information

HOTEL MARKET REPORT SOFIA 2015

HOTEL MARKET REPORT SOFIA 2015 www.kohl-int.com HOTEL MARKET REPORT SOFIA 2015 A REPORT BY INCREASING TREND OF OVERNIGHTS! After a period of stagnation in Sofia s overnights between 2009-2011, since 2012 the number of arrivals and spent

More information

Chapter 24. What will you learn in this chapter? Valuing an economy. Measuring the Wealth of Nations

Chapter 24. What will you learn in this chapter? Valuing an economy. Measuring the Wealth of Nations Chapter 24 Measuring the Wealth of Nations 2014 by McGraw-Hill Education 1 What will you learn in this chapter? How to calculate gross domestic product (GDP). Why each component of GDP is important. What

More information

www.cbre.com/research October 2011

www.cbre.com/research October 2011 Belgium www.cbre.com/research HOTEL MARKET IN BRUSSELS FROM A PROPERTY PERSPECTIVE by CBRE Research OVERVIEW SUMMARY Thanks to its central While Brussels counts an location, the Brussels hotel market is

More information

REGULATION ON AIR PASSENGER RIGHTS (SHY-PASSENGER) SECTION ONE Purpose, Scope, Basis, Definitions and Abbreviations

REGULATION ON AIR PASSENGER RIGHTS (SHY-PASSENGER) SECTION ONE Purpose, Scope, Basis, Definitions and Abbreviations From the Directorate General of Civil Aviation: REGULATION ON AIR PASSENGER RIGHTS (SHY-PASSENGER) SECTION ONE Purpose, Scope, Basis, Definitions and Abbreviations Purpose ARTICLE 1- (1) The purpose of

More information

Procurement Outsourcing Services¹

Procurement Outsourcing Services¹ Procurement Outsourcing Services¹ The following overview of the procurement outsourcing services in Australia is mainly based on the information provided by IBISWorld and consists of additional information

More information

AVIATION AND PEAK OIL Why the Conventional Wisdom is Wrong

AVIATION AND PEAK OIL Why the Conventional Wisdom is Wrong AVIATION AND PEAK OIL Why the Conventional Wisdom is Wrong Presented at the ASPO USA 2007 World Oil Conference Houston, October 2007 Roger H. Bezdek. Ph.D., President Management Information Services, Inc.

More information

10.3.2 Objectives of the Public Relations Services in German Speaking Market (German, Switzerland and Austria).

10.3.2 Objectives of the Public Relations Services in German Speaking Market (German, Switzerland and Austria). THE COMPETITIVENESS AND ENTERPRISE DEVELOPMENT PROJECT (CEDP) TERMS OF REFERENCE FOR A PUBLIC RELATIONS FIRM TO REPRESENT UTB IN GERMAN SPEAKING MARKETS (GERMANY, AUSTRIA AND SWITZERLAND). 10.3.1 Project

More information

Distribution Evolution: How Travelers Search, Shop, Buy and Share. Tony D Astolfo Managing Director

Distribution Evolution: How Travelers Search, Shop, Buy and Share. Tony D Astolfo Managing Director Distribution Evolution: How Travelers Search, Shop, Buy and Share Tony D Astolfo Managing Director In the News 95% of member operators anticipate growth in sales in 2015 62% forecasting optimistic to boom

More information

OMAN - MUSCAT ECONOMY HOTELS MARKET GAP NOVEMBER Accelerating success.

OMAN - MUSCAT ECONOMY HOTELS MARKET GAP NOVEMBER Accelerating success. OMAN - MUSCAT ECONOMY HOTELS MARKET GAP NOVEMBER 213 Accelerating success. 213 OMAN ECONOMY HOTELS TABLE OF CONTENTS Executive Summary 3 Tourism Economics 4 Hospitality Market Overview 5 Oman Economy Hotels

More information

Industry Report. Motels - 2014. Market intelligence specific to your industry. Provided by. Macquarie Business Accountants

Industry Report. Motels - 2014. Market intelligence specific to your industry. Provided by. Macquarie Business Accountants Industry Report Market intelligence specific to your industry Motels - 2014 Provided by Macquarie Business Accountants Industry Statistics Sector Overview 4 Industry Statistics 4 Employment Data 5 Key

More information

From Directorate General of Civil Aviation REGULATION ON THE RIGHTS OF PASSENGERS TRAVELING BY AIR (SHY-PASSENGER) SECTION ONE

From Directorate General of Civil Aviation REGULATION ON THE RIGHTS OF PASSENGERS TRAVELING BY AIR (SHY-PASSENGER) SECTION ONE Purpose From Directorate General of Civil Aviation REGULATION ON THE RIGHTS OF PASSENGERS TRAVELING BY AIR (SHY-PASSENGER) SECTION ONE Purpose, Scope, Basis, Definitions and Abbreviations ARTICLE 1 (1)

More information

RELATIONSHIP MARKETING IN TRAVEL AND TOURISM INDUSTRY CHAPTER12

RELATIONSHIP MARKETING IN TRAVEL AND TOURISM INDUSTRY CHAPTER12 RELATIONSHIP MARKETING IN TRAVEL AND TOURISM INDUSTRY CHAPTER12 Structure Introduction Importance of relationship marketing in travel and tourism Relationship Marketing strategies in travel and tourism

More information

Capacity and Turnover in Public Accommodation Establishments in Hungary

Capacity and Turnover in Public Accommodation Establishments in Hungary Capacity and Turnover in Public Accommodation Establishments in Hungary According to Act I of 1978 on domestic trade, in Hungary all establishments operated as a business for overnight accommodation and

More information

A brief overview of the broadband market in Russia and in the world of 2010-2015

A brief overview of the broadband market in Russia and in the world of 2010-2015 J son & Partners Consulting company presents the results of the research of broadband access networks market in Russia and overseas. The main objective of the research made by J'son & Partners Consulting

More information

E-commerce the purchase of tangible and non-tangible goods online (on a distance) using the telecom networks, first of all Internet.

E-commerce the purchase of tangible and non-tangible goods online (on a distance) using the telecom networks, first of all Internet. J son and Partners Consulting presents main results of e-commerce market research of the Russian Federation in 2008 2017. E-commerce is now the key driver for the growth of the trade in the developed and

More information

Embraer: Always thinking ahead

Embraer: Always thinking ahead 26 Embraer: Always thinking ahead Mauro Kern Embraer executive vice president of engineering and technology Solange Monteiro, São José dos Campos If you ask an executive of the Brazilian Aerospace Corporation

More information

Inbound Tourism Statistics

Inbound Tourism Statistics Inbound Tourism Statistics 4.July.2011 Japan Tourism Agency Consumption Trend Survey for Foreigners Visiting Japan -2-1 Major official statistics on tourism Inbound Number of inbound tourists Announced

More information

GROWTH AND PROSPECTS FOR SERVICE SECTOR IN GLOBALIZED ECONOMY: A STUDY OF INDIAN TOURISM INDUSTRY

GROWTH AND PROSPECTS FOR SERVICE SECTOR IN GLOBALIZED ECONOMY: A STUDY OF INDIAN TOURISM INDUSTRY GROWTH AND PROSPECTS FOR SERVICE SECTOR IN GLOBALIZED ECONOMY: Harini K.V * Indira M** A STUDY OF INDIAN TOURISM INDUSTRY Abstract: The services industry is one of the largest and fastest-growing sectors

More information

World Tourism Organisation

World Tourism Organisation World Tourism Organisation Capacity Building Program, Asia Workshop II Manila, Philippines 4 6 July 2011 Tourism Satellite Account - Why do we have it and what does it do? Why is tourism not identified

More information

Second Quarter 2004. Press Conference. Stockholm, August 11, 2004

Second Quarter 2004. Press Conference. Stockholm, August 11, 2004 Second Quarter 2004 Press Conference Stockholm, August 11, 2004 Group Scandinavian Airlines Subsidiary & Affiliated Airlines Airline Support Business Airline Related Business Hotels Second quarter marginally

More information

10.3.2 Objectives of the Public Relations Services in North America (USA and Canada).

10.3.2 Objectives of the Public Relations Services in North America (USA and Canada). THE COMPETITIVENESS AND ENTERPRISE DEVELOPMENT PROJECT (CEDP) TERMS OF REFERENCE FOR A PUBLIC RELATIONS FIRM TO REPRESENT UGANDA IN NORTH AMERICA (USA AND CANADA) 10.3.1 Project Background The Government

More information

The Challenge of the Low-cost Airlines

The Challenge of the Low-cost Airlines The Challenge of the Low-cost Airlines Air Transport Management Seminar Universidade Lusofona Lisbon 7th - 11th January 2008 Dr Keith Mason Director Business Travel Research Centre www.businesstravelresearch.com

More information

CHANGES IN THE PROFESSIONAL SERVICES MARKETING MIX: Traditional vs. Online Marketing

CHANGES IN THE PROFESSIONAL SERVICES MARKETING MIX: Traditional vs. Online Marketing CHANGES IN THE PROFESSIONAL SERVICES MARKETING MIX: Traditional vs. Online Marketing BY SYLVIA S. MONTGOMERY Over 20 years ago, Phillip Kotler, recognized by many as the father of marketing, warned that

More information

Is Airbnb your next housing challenge? ARE RESIDENTIAL SHORT TERM RENTALS CHANGING THE LODGING GAME?

Is Airbnb your next housing challenge? ARE RESIDENTIAL SHORT TERM RENTALS CHANGING THE LODGING GAME? Is Airbnb your next housing challenge? ARE RESIDENTIAL SHORT TERM RENTALS CHANGING THE LODGING GAME? About THLA 2 Texas Hotel & Lodging Association covers a diverse array of legal and legislative issues,

More information

Service Producer Price Index for Travel Agency Activities ISIC 7911 NACE 79.11

Service Producer Price Index for Travel Agency Activities ISIC 7911 NACE 79.11 29 th meeting of the Voorburg Group Dublin September 2014 Mini Presentation Service Producer Price Index for Travel Agency Activities ISIC 7911 NACE 79.11 Joseph Keating and Niall O Hanlon Central Statistics

More information

UNDERSTANDING THE SCIENCE BEHIND EXPEDIA S MARKETPLACE What drives hotel visibility online.

UNDERSTANDING THE SCIENCE BEHIND EXPEDIA S MARKETPLACE What drives hotel visibility online. UNDERSTANDING THE SCIENCE BEHIND EXPEDIA S MARKETPLACE What drives hotel visibility online. Authored by Melissa Maher, Senior vice president, Global Partner Group, Expedia, Inc. What is Expedia Marketplace?

More information

WA Tourism Industry Scorecard

WA Tourism Industry Scorecard WA Tourism Industry Scorecard September 214 Prepared by: Research Tourism Western Australia CONSUMER CONFIDENCE ANZ-Roy Morgan Domestic Consumer Confidence 135 13 125 September 2/21, 214 (112.9 points)

More information

Source: J son & Partners Consulting

Source: J son & Partners Consulting The company J'son & Partners Consulting presents main findings of the research "Mobile marketing main market drivers." To determine the boundaries of mobile marketing J'son & Partners Consulting experts

More information

Travel and Tourism in Croatia to 2017

Travel and Tourism in Croatia to 2017 Travel and Tourism in Croatia to 2017 Report Code: TT0134MR Publication Date: January 2014 www.timetric.com John Carpenter House 7 Carmelite Street London EC4Y 0BS United Kingdom Tel: +44 (0)20 7936 6400

More information

The Use of Online Service Booking in Tourist Activity. Violetta S. Molchanova

The Use of Online Service Booking in Tourist Activity. Violetta S. Molchanova The Use of Online Service Booking in Tourist Activity Sochi State University, Russian Federation 26 a Sovetskaya St., Sochi 354000 Post-graduate student E-mail: v.molchanova_1991@list.ru Violetta S. Molchanova

More information

Operational Excellence Wolfgang M. Neumann, Executive Vice President & COO INVESTORS DAY - 2 DECEMBER 2011 RADISSON BLU PORTMAN HOTEL, LONDON

Operational Excellence Wolfgang M. Neumann, Executive Vice President & COO INVESTORS DAY - 2 DECEMBER 2011 RADISSON BLU PORTMAN HOTEL, LONDON Operational Excellence Wolfgang M. Neumann, Executive Vice President & COO INVESTORS DAY - 2 DECEMBER 2011 RADISSON BLU PORTMAN HOTEL, LONDON Executive Summary Focus on RevPAR Index (RGI) improvement Fully

More information

Cosmetics market research summary

Cosmetics market research summary 522 SW 5 th Ave., Suite 708 Portland, OR 97205 USA Toll Free: 877-WITH-ACG Direct Line: 503-922-2966 info@aginskyconsulting.com www.aginskyconsulting.com Cosmetics market research summary October 2007

More information

Unit 13 Tour Operations

Unit 13 Tour Operations BTEC National Level 3 Travel and Tourism 2010 Unit 13: Tour Operations 13 Unit 13 Tour Operations Unit 13 Overview 10 Credits Tour operators play a very important role in travel and tourism, by arranging

More information

El Al, Israel s national airline, minimizes losses and significantly improves its cash flow

El Al, Israel s national airline, minimizes losses and significantly improves its cash flow El Al, Israel s national airline, minimizes losses and significantly improves its cash flow During the first quarter, El Al reduced losses by 59%, from $39.8 million in the first quarter of 2009, to $16.5

More information

Management Discussions and Analysis for the three-month and six-month period ended 30 June 2014 and 2015

Management Discussions and Analysis for the three-month and six-month period ended 30 June 2014 and 2015 Executive Summary Overview of the global economy during the second quarter of 2015 (Q2/2015) are as following; the US economy has been in recovery mode as a result of an increase in household consumption

More information

Business Tax Working Group Consultation Submission of the Accommodation Association of Australia

Business Tax Working Group Consultation Submission of the Accommodation Association of Australia Business Tax Working Group Consultation Submission of the Accommodation Association of Australia Accommodation Association of Australia Principal Contact Mr Richard Munro Chief Executive Officer Phone:

More information

February 2013. Long-term strategy for the Icelandic tourism industry. Summary

February 2013. Long-term strategy for the Icelandic tourism industry. Summary February 2013 Long-term strategy for the Icelandic tourism industry Summary Background and introduction In May 2012, PKF was commissioned by Promote Iceland to carry out a master-mapping project for the

More information

Marketing Plan Development 101: The Importance of Developing a Marketing Plan for Public Transit Agencies & Commuter Assistance Programs

Marketing Plan Development 101: The Importance of Developing a Marketing Plan for Public Transit Agencies & Commuter Assistance Programs Marketing Plan Development 101: The Importance of Developing a Marketing Plan for Public Transit Agencies & Commuter Assistance Programs Mark Glein, PhD, Marketing Florida State University Marketing Plan

More information

Mobile apps markets shows one of highest growth rates of among all the intellectual products markets.

Mobile apps markets shows one of highest growth rates of among all the intellectual products markets. J'son & Partners Consulting presents a summary of the research of the market of mobile apps development. Mobile apps markets shows one of highest growth rates of among all the intellectual products markets.

More information

Peculiarities of Marketing Promotion of the Russian Federation on Tourist Service Market: Problems and Solutions

Peculiarities of Marketing Promotion of the Russian Federation on Tourist Service Market: Problems and Solutions World Applied Sciences Journal 20 (6): 859-863, 2012 ISSN 1818-4952 IDOSI Publications, 2012 DOI: 10.5829/idosi.wasj.2012.20.06.1927 Peculiarities of Marketing Promotion of the Russian Federation on Tourist

More information

THE BEST HR SOLUTIONS FOR YOUR BUSINESS

THE BEST HR SOLUTIONS FOR YOUR BUSINESS THE BEST HR SOLUTIONS FOR YOUR BUSINESS WORK SERVICE The largest HR outsourcing company in Central and Eastern Europe Founded In 1999 in Poland Operates In more than 16 countries Present in the Russian

More information

Managing Price Decisions. Lecture Notes. Dr. John Wong

Managing Price Decisions. Lecture Notes. Dr. John Wong Managing Price Decisions Lecture Notes Dr. John Wong Pricing Strategies 1 KEY IDEAS 1. A marketer must understand the cost structure of a product (costs and the nature of the costs involved) because it

More information

Jean Van der hasselt CEO Russia and the Nordics

Jean Van der hasselt CEO Russia and the Nordics Jean Van der hasselt CEO Russia and the Nordics Market Overview Russia Population 140.4 million Language(s) Russian Currency Ruble Capital City Moscow GDP US$1.465 trillion Source: IMF Russia is the largest

More information

$US3.6k 5.2% Real GDP growth

$US3.6k 5.2% Real GDP growth Indonesia s economic growth, the emergence of budget carriers and abolition of an exit tax has fuelled an increase in demand for outbound travel Indonesia economic and population statistics GDP per capita

More information

What s Wrong with the Airline Industry? Diagnosis and Possible Cures. Statement of

What s Wrong with the Airline Industry? Diagnosis and Possible Cures. Statement of What s Wrong with the Airline Industry? Diagnosis and Possible Cures Statement of Steven A. Morrison Professor and Chair, Department of Economics Northeastern University Boston, MA 02115 617-373-2873 s.morrison@neu.edu

More information

Alliances. Compete. Re-evaluation

Alliances. Compete. Re-evaluation STRATEGIC OVERVIEW ANA ANNUAL REPORT 1998 Domestic Air Transportation Attract Load factor is critical to ANA s earnings. In fiscal 1998, this figure was 63.4 percent in Japan. If fares remain constant,

More information

Walmart. The Retail Superpower. Vinod Palikala.

Walmart. The Retail Superpower. Vinod Palikala. Walmart The Retail Superpower Vinod Palikala vpalika@hotmail.com Walmart Company Overview Walmart is the largest retailer in the world and accounts for nearly 10% of all retail sales in US. It dominates

More information

Global Web and Mobile Analytics Market Mobile Emerges as a Stand-alone Segment; Predictive Analytics is the Secret Sauce for Monetization

Global Web and Mobile Analytics Market Mobile Emerges as a Stand-alone Segment; Predictive Analytics is the Secret Sauce for Monetization Global Web and Mobile Analytics Market Mobile Emerges as a Stand-alone Segment; Predictive Analytics is the Secret Sauce for Monetization August 2014 Contents Section Slide Number Executive Summary 5 Market

More information

USA SWIMMING TRAVEL POLICY SUMMARY

USA SWIMMING TRAVEL POLICY SUMMARY USA SWIMMING TRAVEL POLICY SUMMARY AIR TRAVEL A travel authorization must be done before a reservation can be ticketed for any trips. Travel authorizations must be sent by e-mail to travelauthorizations@usaswimming.org.

More information

The Implications of Marketing Trends

The Implications of Marketing Trends The Implications of Marketing Trends Advertising in Canada plays a significant role in the Canadian economy with expenditures expecting to grow to more than $23.3 billion by 211. Advertising Expenditures

More information

Table of Contents. Leisure Room Nights Booked 6

Table of Contents. Leisure Room Nights Booked 6 Meet Minneapolis Meet Minneapolis Table of Contents Introduction Page What is Meet Minneapolis? and Guide to the Meet Minneapolis IMPACT Online Dashboard 3 Glossary of Terms 4 Minneapolis Hospitality Industry

More information

CONTENT FOR MORE INFORMATION: UK Overview UK Hotels Performance. UK Hotel Development Trends. Top 5 Predictions

CONTENT FOR MORE INFORMATION: UK Overview UK Hotels Performance. UK Hotel Development Trends. Top 5 Predictions UK Hotels Market Assessment 2015 CONTENT FOR MORE INFORMATION: UK Overview 2015 UK Hotels Performance UK Hotel Development Trends Top 5 Predictions UK Overview Economy In 2015, the UK economy slowed down

More information