Abstract
Why buy this report
- Get insight into trends in market performance
- Pinpoint growth sectors and identify factors driving change
- Identify market and brand leaders and understand the competitive
environment
Product coverage
Car rental; Demand factors; Health & wellness tourism; Tourism flows domestic;
Tourism flows inbound; Tourism flows outbound; Tourism receipts and
expenditure; Tourist attractions; Transportation; Travel accommodation; Travel
retail
Executive summary
Growth in demand continues to boost travel
In 2006, continued economic growth increased demand for both leisure and
business travel. Domestic travel, more resilient to economic fluctuations,
continued to grow. Meanwhile, international travel continued to grow and
surpass its 2000 peak despite a weak dollar. As a result, airline companies
were able to continue fare increases and capacity cuts from 2005. Hotel and
car rental companies also continued to raise prices without deterring demand.
Demographic differences result in increasing differentiation
Diversification in travellers resulted in growing differentiation among
providers seeking to attract different consumer types. Baby-boomers continue
to play a growing role in travel demographics, increasing the importance of
older age groups. Those aged 50 and up are often "empty-nesters", with their
children having moved out of the family home, and travel without children.
This afforded them more options in trip length and destination. They are most
likely to use luxury cruise ships to travel, as this safe and planned mode of
transport suits their needs. They are also likely to travel longer distances
abroad to exotic destinations, as they can afford the cost. Young adults
between the ages of 25 and 34 are meanwhile entering higher education and the
workforce. They enjoyed fast financial gains with the ability to spend more on
travel. However, the demographic group that continues to account for the
majority of travellers is that aged 35-49 years. These consumers focus more on
domestic travel, taking short haul trips to spend time with their families.
Terrorism fears subside
Even though the British authorities thwarted a terrorist attack aimed at
US-bound flights in August 2006, fears of terrorism have not deterred demand
for travel. Travellers were more upset about the increased security measures,
which increased the hassle of air travel, than the threat of terrorism. Demand
for air travel was temporarily impacted by the more restrictive security
measures. Air travel for domestic and international trips grew in 2006,
however, signalling that Americans are now more resilient to the threat of
terrorism.
Growing internet development continues to affect travel
Internet development continues to revolutionise the travel and tourism
industry. Direct suppliers are beefing up their websites to attract consumers
and increasingly avoid selling through online travel agents. Additionally,
direct suppliers increased incentives for booking directly by adding dynamic
packaging to their websites and by guaranteeing the lowest prices. However,
online travel agents are fighting back with loyalty programs, destination
guides and more consumer-generated content.
Additionally, the Web 2.0 phenomenon is growing. Consumers are uploading their
own content to share via this medium. This includes reviews of hotels,
activities and destinations as well photos and videos. As a result, it is
easier for consumers to customise their own trip and choose which elements
will be suit their travel needs.
Table of Contents
- TRAVEL AND TOURISM IN THE US : MARKET INSIGHT
- EXECUTIVE SUMMARY
- Growth in demand continues to boost travel
- Demographic differences result in increasing differentiation
- Terrorism fears subside
- Growing internet development continues to affect travel
- KEY TRENDS AND DEVELOPMENTS
- Economic drivers
- Open skies agreements
- Western Hemisphere Travel Initiative
- Visa Waiver Program
- Summary 1 Visa Waiver Program -- Participating Countries May 2007
- Government tourism policy and sustainable tourism
- Consumer lifestyles
- Low cost carrier development
- Emerging niches
- Internet developments
- Web 2.0 takes off
- TERRORISM AND SECURITY
- LEAVE ENTITLEMENT
- CONSUMER DEMOGRAPHICS
- Holiday takers
- Holiday-takers by gender
- Holiday takers by age
- Balance Of Payments
- MARKET INDICATORS
- Table 1 Leave Entitlement: Volume 2005/2006
- Table 2 Holiday Demographic Trends 2001-2006
- Table 3 Holiday Takers by Sex 2001-2006
- Table 4 Holiday Takers by Age 2001-2006
- Table 5 Length of Domestic Trip: 2001-2006
- Table 6 Length of Outbound Departure: 2001-2006
- Table 7 Seasonality of Trips 2005/2006
- MARKET DATA
- Table 8 Balance of Tourism Payments: Value 2001-2006
- DEFINITIONS
- Tourism Parameters
- Travel accommodation
- Transportation
- Car rental
- Travel retail
- Tourist attractions
- Health and wellness
- Internet sales
- Internet sales: dynamic packaging
- Internet sales: traditional package holiday
- Sustainable tourism
- Summary 2 Research Sources
- LOCAL COMPANY PROFILES - USA
- AVIS BUDGET GROUP INC - TRAVEL AND TOURISM - USA
- STRATEGIC DIRECTION
- KEY FACTS
- Summary 3 Avis Budget Group Inc: Key Facts
- Summary 4 Avis Budget Group Inc: Operational Indicators
- COMPANY BACKGROUND
- COMPETITIVE POSITIONING
- Summary 5 Avis Budget Group Inc Competitive Position 2006
- ORBITZ INC - TRAVEL AND TOURISM - USA
- STRATEGIC DIRECTION
- KEY FACTS
- Summary 6 Orbitz Inc: Key Facts
- COMPANY BACKGROUND
- COMPETITIVE POSITIONING
- Summary 7 Orbitz Inc Competitive Position 2006
- STARWOOD HOTELS & RESORTS WORLDWIDE INC - TRAVEL AND TOURISM - USA
- STRATEGIC DIRECTION
- KEY FACTS
- Summary 8 Starwood Hotels & Resorts Worldwide Inc: Key Facts
- Summary 9 Starwood Hotels & Resorts Worldwide Inc: Operational
Indicators
- COMPANY BACKGROUND
- COMPETITIVE POSITIONING
- Summary 10 Starwood Hotels & Resorts Worldwide Inc Competitive
Position 2006
- US AIRWAYS GROUP INC - TRAVEL AND TOURISM - USA
- STRATEGIC DIRECTION
- KEY FACTS
- Summary 11 US Airways Group Inc: Key Facts
- Summary 12 US Airways Group Inc: Operational Indicators
- COMPANY BACKGROUND
- COMPETITIVE POSITIONING
- Summary 13 US Airways Group Inc: Competitive Position 2006
- TOURISM FLOWS INBOUND IN THE US
- HEADLINES
- TRENDS
- COUNTRY OF ORIGIN
- INBOUND DEMOGRAPHIC PROFILE
- MODE OF TRANSPORT
- PURPOSE OF VISIT
- INCOMING TOURIST RECEIPTS BY COUNTRY
- PROSPECTS
- SECTOR DATA
- Table 9 Arrivals by Country of Origin: 2001-2006
- Table 10 Arrivals by Purpose of Visit: 2001-2006
- Table 11 Leisure Arrivals by Type 2005-2006
- Table 12 Business Arrivals: MICE Penetration 2005-2006
- Table 13 Arrivals by Method of Transport: 2001-2006
- Table 14 Incoming Tourist Receipts by Country 2001-2006
- Table 15 Tourism Expenditure by Sector: Value 2001-2006
- Table 16 Method of Payments for Incoming Tourist Receipts: % Breakdown
2005/2006
- Table 17 Forecast Arrivals: 2006-2011
- Table 18 Forecast Incoming Tourism Receipts: 2006-2011
- TOURISM FLOWS OUTBOUND IN THE US
- HEADLINES
- DESTINATIONS
- MODE OF TRANSPORT
- PURPOSE OF VISIT
- OUTBOUND DEMOGRAPHIC PROFILE
- OUTGOING TOURIST EXPENDITURE BY COUNTRY
- PROSPECTS
- SECTOR DATA
- Table 19 Departures by Destination: 2001-2006
- Table 20 Leisure Departures by Type 2005-2006
- Table 21 Business Departures: MICE Penetration % Breakdown 2005-2006
- Table 22 Departures by Mode of Transport: 2001-2006
- Table 23 Departures by Purpose of Visit: 2001-2006
- Table 24 Outgoing Tourist Expenditure by Sector: Value 2001-2006
- Table 25 Method of Payments for Outgoing Tourism Spending: % Breakdown
2006
- Table 26 Forecast Departures: 2006-2011
- Table 27 Forecast Outgoing Tourism Expenditure: 2006-2011
- TOURISM FLOWS DOMESTIC IN THE US
- HEADLINES
- TRENDS
- DESTINATIONS
- MODE OF TRANSPORT
- PURPOSE OF VISIT
- DOMESTIC TOURISM RECEIPTS
- PROSPECTS
- SECTOR DATA
- Table 28 Domestic Tourist Expenditure: 2001-2006
- Table 29 Expenditure per Domestic Trip: 2001-2006
- Table 30 Domestic Trips by Destination: 2001-2006
- Table 31 Domestic Trips by Purpose of Visit: 2001-2006
- Table 32 Method of Payments for Domestic Tourism Spending: % Breakdown
2005/2006
- Table 33 Forecast Domestic Tourism: 2006-2011
- Table 34 Forecast Domestic Tourist Expenditure: 2006-2011
- TRAVEL ACCOMMODATION IN THE US
- HEADLINES
- TRENDS
- HOTELS
- COMPETITIVE LANDSCAPE
- PROSPECTS
- SECTOR DATA
- Table 35 Travel Accommodation Sales by Sector: Value 2001-2006
- Table 36 Travel Accommodation by Sector: Units 2001-2006
- Table 37 Travel Accommodation Internet Sales by Direct Suppliers and
Intermediaries: Internet Transaction Value 2001-2006
- Table 38 Hotels Key Performance Indicators 2005-2007
- Table 39 Hotel National Brand Owners by Market Share 2002-2006
- Table 40 Forecast Travel Accommodation Sales by Sector: Value 2006-2011
- Table 41 Forecast Travel Accommodation by Sector: Units 2006-2011
- Table 42 Forecast Travel Accommodation Internet Sales by Direct
Suppliers and Intermediaries: Internet Transaction Value 2006-2011
- TRANSPORTATION IN THE US
- HEADLINES
- TRENDS
- AIRLINES
- PRIVATE JETS
- COMPETITIVE LANDSCAPE
- PROSPECTS
- SECTOR DATA
- Table 43 Transportation Sales by Sector: Value 2001-2006
- Table 44 Airline Capacity: 2001-2006
- Table 45 Airline Utilisation: 2001-2006
- Table 46 Airline % Utilisation 2001-2006
- Table 47 Airline Volume Sales by Distance: % Breakdown: 2001-2006
- Table 48 Transportation Internet Sales by Direct Suppliers and
Intermediaries: Internet Transaction Value 2001-2006
- Table 49 Airline Market Shares 2002-2006
- Table 50 Forecast Transportation Sales by Sector: Value 2006-2011
- Table 51 Forecast Transportation Internet Sales by Sector: Internet
Transaction Value 2006-2011
- CAR RENTAL IN THE US
- HEADLINES
- TRENDS
- COMPETITIVE LANDSCAPE
- PROSPECTS
- SECTOR DATA
- Table 52 Car Rental Sales by Sector and Location: Value 2001-2006
- Table 53 Structure of Car Rental Market: 2001-2006
- Table 54 Average Car Rental Duration by Sector 2004-2006
- Table 55 Average Car Rental Duration: % Breakdown 2005/2006
- Table 56 Time of Booking: % Breakdown 2005/2006
- Table 57 Car Rental Internet Sales by Direct Suppliers and
Intermediaries: Internet Transaction Value 2001-2006
- Table 58 Car Rental Market Shares 2002-2006
- Table 59 Forecast Car Rental Sales by Sector: Value 2006-2011
- Table 60 Forecast Car Rental Internet Sales by Sector: Internet
Transaction Value 2006-2011
- TRAVEL RETAIL IN THE US
- HEADLINES
- TRENDS
- GROWTH SECTORS
- COMPETITIVE LANDSCAPE
- PROSPECTS
- SECTOR DATA
- Table 61 Travel Retail Outlets by Sector: Units 2001-2006
- Table 62 Travel Retail Sales by Product: Value 2001-2006
- Table 63 Travel Retail Internet Sales by Direct Suppliers and
Intermediaries: Internet Transaction Value 2001-2006
- Table 64 Travel Retail Internet Sales by Sector: Internet Transaction
Value 2001-2006
- Table 65 Forecast Travel Retail Outlets by Sector: Units 2006-2011
- Table 66 Forecast Travel Retail Sales by Product: Value 2006-2011
- Table 67 Forecast Travel Retail Internet Sales by Direct Suppliers and
Intermediaries: Internet Transaction Value 2001-2006
- TOURIST ATTRACTIONS IN THE US
- HEADLINES
- TRENDS
- COMPETITIVE LANDSCAPE
- PROSPECTS
- SECTOR DATA
- Table 68 Tourist Attractions by Sector: Value 2001-2006
- Table 69 Tourist Attractions by Sector: 2001-2006
- Table 70 Tourist Attractions Internet Sales by Direct Suppliers and
Intermediaries: Internet Transaction Value 2001-2006
- Table 71 Leading Tourist Attractions by Visitors 2001-2006
- Table 72 Forecast Tourist Attractions by Sector: Value 2006-2011
- Table 73 Forecast Tourist Attractions by Sector: 2006-2011
- Table 74 Forecast Tourist Attractions Internet Transaction Value Sales
by Sector: Internet Transaction Value 2006-2011
- HEALTH & WELLNESS TOURISM IN THE US
- HEADLINES
- TRENDS
- PROSPECTS
- SECTOR DATA
- Table 75 Number of Hotel/Resort Spas: Units 2001-2006
- Table 76 Spa Sales by Type: Value 2001-2006
- Table 77 Spa Consumer Markets: Domestic Tourism 2005-2006
- Table 78 Spa Consumer Markets: Arrivals 2005-2006