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Tag: euromonitor international

  • News: Russia’s poor image abroad holds back inbound tourism

    Russia’s poor image overseas is holding back its inbound tourism industry’s ability to draw visitors from the U.S. and western Europe, reveals new research at WTM Vision Conference – Moscow today.

    Inbound tourism arrivals in 2012 showed solid growth to succeed in 26 million, in keeping with Euromonitor International. However, the research company’s Senior Research Analyst Mantas Kaluina will tell WTM Vision Conference – Moscow delegates Russia continues to be reliant on visitors from neighbouring countries and the industry must work on tourism flows from the usa and Western Europe.

    Visa bureaucracy, security, infrastructure and the standard of tourism services contributed to Russia’s poor image overseas, he added.

    The Ukraine, Kazakhstan and Uzbekistan accounted for almost half all visitors, sending around six million, three million and two million respectively. Waiting for 2017, Euromonitor international expects little change, with the identical three accounting for eight million, six million and 4 million arrivals.

    Germany is its strongest western European market, however the figures for 2012 to 2017 fall well in need of 1000000 for every year. Visitor numbers from China, however, will exceed 1,000,000 by 2017.

    Russia’s outbound market was up 9% in 2012, driven by the expansion of the center classes. The preferred destinations are local – Ukraine, Finland, Kazakhstan.

    By 2017, nearly 40% of Russian households can have a disposable income greater than US$25,000 (£16,500, 771,415 Russian Rubbles) reveals the research. Russia will account for another eight million overseas trips by 2017, the most important increase aside from China.

    For many Russian, international travel is a brand new possibility. Around 1/2 all package holidays sold to Russians in 2012 costs between $600 and $1500, with Turkey, Greece and Egypt dominating the market.

    Online may even drive the expansion of outbound travel, with total sales growing by greater than 10% a year until 2017. Air tickets are the most important category for sales, followed by hotels, while social media continues to grow in importance.

    Euromonitor International’s predicts the worldwide travel industry will grow by 4% between 2012 and 2017.

    Reed Travel Exhibitions Director World Travel Market Simon Press said:  “The predicted growth in Russian outbound traffic is excellent news for the worldwide industry, however the report shows greater support can be given to its inbound industry, especially to draw tourists form the massive markets of the usa and western Europe.”

    Moscow was the host city for the primary of 5 WTM Vision Conference of 2013. Next is Beijing (8 April), followed by Sao Paulo (24 April), Dubai (7 May) and Rimini (17 October).

    WTM Vision Conference – Moscow is organised in association with Tour Business.

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  • Rising incomes and internet boost booming Chinese travel market

    The collection of outbound trips made by Chinese travellers is seeing double-digit growth, due to rising disposable incomes and web bookings, reveals exclusive research unveiled today (8 April) on the WTM Vision Conference – Beijing.

    Forecasts by Euromonitor International reveal that outbound trips from China are expected to record a ‘sharp’ 15% rise in CAGR (compound annual growth rate) from 2012-2017.

    Hong Kong and Macau are the preferred destinations but non-Asian countries are rising in importance, delegates have heard today.

    Meanwhile, inbound tourism flows to China are forecast to grow at a 2.3% CAGR over a similar period, reveals the Forecast Revisit for the worldwide Travel and Tourism Industry report.

    Hong Kong is the most important source of arrivals, accounting for 27m, but Western European and US markets are expected to grow, Ray Li Senior Research Analyst at Euromonitor International states.

    He will even reveal how rising disposable incomes are resulting in a ‘sharp’ rise in sales of discretionary goods and services, with travel – along side cars and fashion – especially favoured.

    Also, the changing role of ladies is driving demand for clothing, cosmetics and travel, in line with Euromonitor international.

    Another significant factor within the Chinese travel market is the intensifying competition between China’s online travel agencies, including Ctrip, Qunar and eLong.

    China is the sector leader for choice of internet users and smartphones sold, and web giants akin to Tencent and Baidu are making inroads within the online travel market, delegates on the WTM Vision Conference – Beijing heard.

    Chinese hotels are performing strongly, and although China’s hotel industry is dominated by budget properties, the luxurious segment is anticipated to realize strongest growth between 2012 and 2017.

    Reed Travel Exhibition Director World Travel Market Simon Press, who opened the conference today, said: “WTM is delighted to be returning to China for its second Vision conference inside the country, following the success of last year’s inaugural event which occurred in Shangai.

    “China’s influence at the global travel and tourism continues to grow. WTM has first-hand experience of this with increasingly exhibitors and visitors attending the development from China, alongside increasingly buyers targeting Chinese exhibitors.”

    The conference is in association with China Business Network was held in Beijing Marriott Hotel City Wall.

    As well because the report from Euromonitor International, the development will feature high-calibre speakers sharing expert analysis, statistical assessment and interpretations with the industry’s senior leaders.

    Delegates will receive the Euromonitor International report via email at no cost after the conference.

  • Russia’s poor image abroad holds back inbound tourism

    Russia’s poor image overseas is holding back its inbound tourism industry’s ability to draw visitors from america and western Europe, reveals new research at WTM Vision Conference – Moscow today.

    Inbound tourism arrivals in 2012 showed solid growth to arrive 26 million, in accordance with Euromonitor International. However, the research company’s Senior Research Analyst Mantas Kaluina will tell WTM Vision Conference – Moscow delegates Russia continues to be reliant on visitors from neighbouring countries and the industry must work on tourism flows from the usa and Western Europe.

    Visa bureaucracy, security, infrastructure and the standard of tourism services contributed to Russia’s poor image overseas, he added.

    The Ukraine, Kazakhstan and Uzbekistan accounted for just about half all visitors, sending around six million, three million and two million respectively. Looking forward to 2017, Euromonitor international expects little change, with a similar three accounting for eight million, six million and 4 million arrivals.

    Germany is its strongest western European market, however the figures for 2012 to 2017 fall well in need of 1000000 for every year. Visitor numbers from China, however, will exceed a million by 2017.

    Russia’s outbound market was up 9% in 2012, driven by the expansion of the center classes. The preferred destinations are local – Ukraine, Finland, Kazakhstan.

    By 2017, nearly 40% of Russian households can have a disposable income greater than US$25,000 (£16,500, 771,415 Russian Rubbles) reveals the research. Russia will account for an extra eight million overseas trips by 2017, the most important increase except China.

    For many Russian, international travel is a brand new possibility. Around half all package holidays sold to Russians in 2012 costs between $600 and $1500, with Turkey, Greece and Egypt dominating the market.

    Online may also drive the expansion of outbound travel, with total sales growing by greater than 10% a year until 2017. Air tickets are the most important category for sales, followed by hotels, while social media continues to grow in importance.

    Euromonitor International’s predicts the worldwide travel industry will grow by 4% between 2012 and 2017.

    Reed Travel Exhibitions Director World Travel Market Simon Press said:  “The predicted growth in Russian outbound traffic is excellent news for the worldwide industry, however the report shows greater support may well be given to its inbound industry, especially to draw tourists form the huge markets of the U.S. and western Europe.”

    Moscow was the host city for the 1st of 5 WTM Vision Conference of 2013. Next is Beijing (8 April), followed by Sao Paulo (24 April), Dubai (7 May) and Rimini (17 October).

    WTM Vision Conference – Moscow is organised in association with Tour Business.

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