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.
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·
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
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-997-4948
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