Monday, 15 July 2013

Popular Report: Travel And Tourism In France To 2017

Synopsis

The report provides detailed market analysis, information and insights, including:

·         Historic and forecast tourist volumes covering the entire French travel and tourism sector
·         Detailed analysis of tourist spending patterns in France
·         The total, direct and indirect tourism output generated by each category within the French travel and tourism sector
·         Employment and salary trends for various categories in the French travel and tourism sector, such as accommodation, sightseeing and entertainment, foodservice, transportation, retail, travel intermediaries and others
·         Detailed market classification across each category, with analysis using similar metrics
·         Detailed analysis of the airline, hotel, car rental and travel intermediaries industries.


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Executive summary

France’s economy contracted marginally in 2012, owing to weak private consumption and investment. Gross capital formation weakened sharply from 7.8% growth in 2011 to 4.9% contraction in 2012, mainly due to weak investor confidence. Owing to a deceleration in disposable income and fiscal austerity measures, private consumption also contracted by 0.2% in 2012, following 0.3% growth in 2011. Although exports recorded a growth of 2.3% in 2012, this was down from 5.3% in 2011. The French economy is expected to contract again in 2013, followed by a modest recovery in 2014.

Scope

This report provides an extensive analysis related to the tourism demands and flows in France:

·         It details historical values for the French tourism sector for 2008–2012, along with forecast figures for 2013–2017
·         It provides comprehensive analysis of the travel and tourism demand factors with values for both the 2008–2012 review period and the 2013–2017 forecast period
·         The report provides a detailed analysis and forecast of domestic, inbound and outbound tourist flows in France
·         It provides employment and salary trends for various categories of the travel and tourism sector
·         It provides comprehensive analysis of the trends in the airline, hotel, car rental and travel intermediaries industries, with values for both the 2008–2012 review period and the 2013–2017 forecast period

Reasons to buy

·         Take strategic business decisions using historic and forecast market data related to the French travel and tourism sector.
·         Understand the demand-side dynamics within the French travel and tourism sector, along with key market trends and growth opportunities.
·         Identify the spending patterns of domestic, inbound and outbound tourists by individual categories.
·         Analyze key employment and compensation data related to the travel and tourism sector in France.

Key highlights

·         The domestic tourism sector plays a vital role in France’s economy. In 2012, France registered 200.4 million domestic trips, while the volume of outbound trips measured 25.9 million. Domestic trip flows are high compared to inbound trip volumes. Key festivals include Easter, Christmas and New Year, periods when many French citizens return to their hometowns to visit family and friends.
·         The average expenditure per domestic tourist decreased from EUR2,403 (US$352.0) in 2008 to EUR232.5 (US$299.0) in 2012. Over the forecast period, the average expenditure is expected to reach EUR248.4 (US$319.5) by 2017, at a projected CAGR of 1.33%. Improved consumer confidence and an increase in mean household income will support this trend.
·         The European region accounted for 83.1% of French inbound trips in 2012. Over the forecast period, the region is anticipated to account for eight of every 10 foreign tourist arrivals. In 2012, 42.14% of inbound trips were from Germany, Italy, the Netherlands, Switzerland and Spain. Leisure trips accounted for 71.8% of the total, and will continue to do so with a projected share of 70.9% in 2017. Business travel is expected to increase from 14.1% in 2012 to 15.3% in 2017.
·         French people have the highest annual leave entitlements in comparison to the other European nations. They are entitled to 25 annual paid days' leave.
·         French air traffic volumes increased during the review period. Passengers carried by French and foreign airlines reached 136.0 million in 2012, expanding at a CAGR of 2.61% during the review period. Over the forecast period, the number of passengers is expected to increase at a CAGR of 2.77% to reach 155.9 million. The total revenue is also anticipated to increase from EUR26.1 billion (US$36.4 billion) in 2012 to EUR31.7 billion (US$44.1 billion) in 2017. The growth is in line with the increasing tourist volumes and air capacity.
·         The French hospitality industry’s total revenues declined at a CAGR of 0.92% during the review period, partly due to weak economic conditions and the prevailing European debt crisis. However, the industry is expected to recover over the forecast period with total revenues expected to increase at a CAGR of 2.04%, to reach EUR23.2 billion (US$29.6 billion) by 2017.

To Buy a Copy Of This Report:-

·         The French car rental market decreased in value from EUR2.8 billion (US$4.1 billion) in 2008 to EUR2.5 billion (US$3.3 billion) in 2012, at a CAGR of 2.37% during the review period. Over the forecast period, trip volumes are projected to increase at a CAGR of 1.36% to reach EUR2.7 billion (US$3.5 billion) by 2017. Market growth will be supported by a rise in domestic and business tourism, and advertising strategies adopted by car rental companies.
·         The French travel intermediaries industry value is anticipated to increase at a CAGR of 4.49% over the forecast period to reach EUR19.2 billion (US$24.7 billion) in 2017. This increase will be driven by a rise in discretionary spending, business trips and promotional activities by the French tourist board. The market share of online intermediaries is expected to grow in line with internet penetration rates. The online intermediaries market is expected to increase from representing an industry share of 47.5% in 2012 to 54.0% in 2017. Consequently, the in-store intermediaries market is anticipated to decline from an industry share of 52.5% to 46.0% in 2017.
  

Contact

M/s  Sheela
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Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-997-4948

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