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 1.3 billion tourists traveled the world during 2015.
     WTTC found that the global travel and tourism industry supported 108 million jobs on a direct basis in 2015.
     The industry generated $2.2 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 the European or American middle class do take a vacation, it is generally on a reduced budget.
     Businesses are sending more employees on trips, but keeping a tight rein on costs at the same time.
     A survey by analysts at PwC forecast that 2015 U.S.
    hotel industry occupancy rates would be higher than at any time since 1981.
     ADR, average daily room rate, has also been seeing superior growth.
     For 2017 the study forecast an average daily revenue per available room


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