Travel & Tourism Industry Business Outlook up to May 2018 Offered by GlobalData in Its Cutting-Edge Report Now Available at MarketPublishers.com25 Jan 2018 • by Natalie Aster
LONDON – If compared to the period June – November 2017, mergers and acquisitions (M&A) activity in the world’s travel and tourism industry is forecast to rise by 5% up till May, 2018. This will likely be fueled by the intensifying competition in the market, favourable government policies and improving economic scenario.
Despite increasing competition and a certain level of market uncertainty that are challenging the world’s travel and tourism market, market players are set to increase their focus on the improvement of their operational efficiency and on the deepening of their footprints in the current markets through May, 2018.
Emerging countries like Brazil, China and India are anticipated to offer lucrative growth opportunities for the world’s travel and tourism market, owing to increasing disposable income, availability of cheaper flights, favourable demographic factors and supportive governmental policies.
During December 2017 – May 2018, the procurement expenditure of the world’s travel and tourism industry is expected to rise on average by 7.2%.
The cutting-edge research report “Travel and Tourism Industry Business Outlook and Procurement Survey Dec 2017 - May 2018” drawn up by GlobalData uncovers top executives’ opinions on the business outlook and procurement activities during December 2017 – May 2018, comprising a comparative analysis of survey results with June – November 2017 (wherever applicable). This topical publication casts light on the major business priorities, changes in capital expenditures, supplier price variations, organisations’ perspective on e-procurement, etc. Additionally, this report provides future projections of M&A activities within the travel and tourism industry up to May, 2018. This report reviews the possible development across both developed and emerging markets, discusses the major business concerns, offers a comprehensive procurement budget outlook up to May 2018, determines the anticipated changes in supplier prices, points out emerging e-procurement initiatives, and many more.
Many other in-demand topical research reports by this publisher are provided in GlobalData online catalogue at MarketPublishers.com.