Travel, Airline, Hotel & Tourism Industry Market Research

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Airlines, Hotels & Travel OVERVIEW


     The global travel industry is comprised of a wide variety of businesses, from hotels and inns to casino resorts, trains, buses, airplanes, cruise ships, tour operators and travel bookers, both online and physical.
     Both the United Nations and the World Travel & Tourism Council (WTTC), estimate that more than 1.2 billion tourists traveled the world during 2016.
     WTTC found that the global travel and tourism industry supported 109 million jobs on a direct basis in 2016.
     The industry generated $2.3 trillion in direct global contribution to GDP (gross domestic product).
    In most parts of the world, hotels and resorts have been enjoying good to excellent occupancy rates, which enabled them to raise prices, while many new properties have been built or are under construction in promising markets.
     Business travel has grown substantially in recent years, while leisure travel has been generally strong worldwide.
     Nonetheless, when members of middle class consumers do take a vacation, it is generally on a carefully watched budget.
     Businesses are sending large numbers of employees on trips.
     At the same time, they are keeping a tight rein on costs.
     Corporate travel managers are negotiating reduced hotel and airfare rates, and are relying on advanced software to help manage and track employees' travel expenses.
    In the U.S., over a period of several years, major airlines cut routes and reduced the total number of seats available, partly

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Industry Statistics

Top Companies Profiled

The following is a partial listing for this industry. As a subscriber, you will have access to the leading companies and top growth companies. This includes publicly-held, private, subsidiary and joint venture companies, on a global basis as well as in the U.S.


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