This Market Assessment report includes original research into the holiday purchasing patterns of consumers in Great Britain, and also looks at key trends in the context of the UK market for holidays.
April 14, 2007 (Press Release) --
Holiday Purchasing Patterns-Market Assessment 2006
Executive Summary
This Market Assessment report includes original research into the holiday purchasing patterns of consumers in Great Britain, and also looks at key trends in the context of the UK market for holidays. The market coverage includes long holidays as well as short breaks, both in the UK and overseas. However, it excludes inbound tourism.
Travel and tourism is growing and becoming one of the most important industries in the world; it is the third-largest industry in the world after oil and vehicle manufacture.
Seemingly, in the long term, the demand for travel and tourism normally rides above the wave of economic development, with growth in demand for tourism (measured by volume) normally running just ahead of real economic growth. In broad terms, the market for travel and tourism usually experiences a year-on-year increase of approximately 3% to 4% by volume, compared with a 1% to 2% year-on-year increase in economic activity. Some of the reasons for growth in holiday demand generally exceeding growth in economic activity include: the falling cost of transport in many sectors, in real terms; lessening restrictions on travel; the fact that families and friends are becoming more geographically diverse; and the fast pace of modern living, which causes many people to regard a holiday as a `necessity'.
The UK has enjoyed a number of years with a stable growing economy, but growth in holiday demand has not been consistent. This has been due to a number of factors, including the threat of terrorism, war, disease and natural disasters. Between 2001 and 2005, there were many such influences on the travel market. In addition, a lack of consumer confidence and rising fuel prices have also come to the fore recently to dampen demand. (Although consumer confidence recovered somewhat in the 3 months to August 2006.)
For more information, Please visit : http://www.bharatbook.com/detail.asp?id=11021
or email us at : info@bharatbook.com
You can also call us at +91-(022)-2757 8668 or +91-(022)-2757 9131
For searching our huge collection of reports, Please visit :
http://www.bharatbook.com/general/customresearch.asp
Holiday Purchasing Patterns-Market Assessment 2006
Executive Summary
This Market Assessment report includes original research into the holiday purchasing patterns of consumers in Great Britain, and also looks at key trends in the context of the UK market for holidays. The market coverage includes long holidays as well as short breaks, both in the UK and overseas. However, it excludes inbound tourism.
Travel and tourism is growing and becoming one of the most important industries in the world; it is the third-largest industry in the world after oil and vehicle manufacture.
Seemingly, in the long term, the demand for travel and tourism normally rides above the wave of economic development, with growth in demand for tourism (measured by volume) normally running just ahead of real economic growth. In broad terms, the market for travel and tourism usually experiences a year-on-year increase of approximately 3% to 4% by volume, compared with a 1% to 2% year-on-year increase in economic activity. Some of the reasons for growth in holiday demand generally exceeding growth in economic activity include: the falling cost of transport in many sectors, in real terms; lessening restrictions on travel; the fact that families and friends are becoming more geographically diverse; and the fast pace of modern living, which causes many people to regard a holiday as a `necessity'.
The UK has enjoyed a number of years with a stable growing economy, but growth in holiday demand has not been consistent. This has been due to a number of factors, including the threat of terrorism, war, disease and natural disasters. Between 2001 and 2005, there were many such influences on the travel market. In addition, a lack of consumer confidence and rising fuel prices have also come to the fore recently to dampen demand. (Although consumer confidence recovered somewhat in the 3 months to August 2006.)
For more information, Please visit : http://www.bharatbook.com/detail.asp?id=11021
or email us at : info@bharatbook.com
You can also call us at +91-(022)-2757 8668 or +91-(022)-2757 9131
For searching our huge collection of reports, Please visit :
http://www.bharatbook.com/general/customresearch.asp
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