Tourism sector contributed 14.9% to the total GDP and 19.1% to the total employment in New Zealand

The travel and tourism sector in New Zealand performed well over the review period. The country witnessed an increase in number of visitors, both domestic and international, as well as an increase in tourist expenditure. Economic growth, promotional activities by the tourism authority and the hosting of international events supported this growth. However, the appreciation of the New Zealand dollar against other major currencies is of concern, reducing the competitiveness of the country in terms of attracting foreign visitors. Tourism is a significant contributor to New Zealand’s economy. According to the World Travel and Tourism Council (WTTC), the tourism sector contributed 14.9% to the total GDP and 19.1% to the total employment in New Zealand in 2012. Tourism New Zealand is the government agency responsible for marketing New Zealand. It makes use of the ‘100% Pure New Zealand’ marketing campaign as its major tool, a campaign which has been running successfully since 1999.

To Know More -  Tourism  market  has  been  hampered  by  the  strength  of  New Zealand dollar  against  other  major  currencies.

Travel and Tourism in Japan

Japan’s tourism sector has, over the past few years, faced numerous challenges. After a decline of 18.7% in 2009 as a result of the global financial crisis, inbound tourism increased at a rate of 26.8% in 2010 but was followed by another sharp downturn in 2011 in the aftermath of an earthquake, subsequent tsunami and nuclear crisis. However, there has been a solid recovery in the past year, with the number of inbound tourists increasing by 34.6% in 2012 to reach 8.4 million. The tourism sector is expected to enjoy steady growth over the forecast period, with inbound tourist arrivals expected to reach 11.0 million by 2017. However, fears of natural disasters and the strong yen could still limit the sector’s expansion.
The Tohoku earthquake in March 2011, followed by the subsequent tsunami and Fukushima nuclear power plant meltdown, had a drastic impact on the Japanese travel and tourism sector. The earthquake and tsunami caused severe damage to the transportation network, including road, rail and air transport infrastructure, disrupting services at several locations. According to National Police Agency (NPA) statistics, 3,559 roads and 77 bridges were damaged. Furthermore, 29 railways were either damaged or destroyed. Sendai Airport was significantly damaged by the tsunami which followed the earthquake. During the review period, business and leisure travel decreased at CAGRs of -0.75% and -0.70% respectively. However, over the forecast period, business travel is expected to record a CAGR of 1.88%, while leisure travel is anticipated to increase at a CAGR of 1.49%. By the end of the forecast period, leisure travel will account for 63.5% of total Japanese domestic trips, while business travel is expected to account for a 21.6% share. The Ministry of Tourism will continue to promote domestic tourism to encourage tourist volumes.
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Kenya tourist volume increased from 35.6 million trips in 2008 to 53.7 million in 2012 at a compound annual growth rate (CAGR) of 10.80%.

Kenya’s tourism operators relaxed following the relatively peaceful presidential elections in March 2013. In late 2007, violence in the wake of the elections severely curtailed tourism in the country until recently. The sector has recovered significantly and the outlook is now bright; leading foreign hotel groups are showing a renewed interest in establishing operations in the country and expanding existing ones. Since the violence-related decline of 2008, inbound tourism has recovered with positive growth rates. Inbound arrivals increased from 1.2 million in 2008 to an estimated 1.9 million in 2012, rising at a CAGR of 12.56. Over the forecast period, international arrivals are expected to swell to 2.4 million by 2017, an increase at a CAGR of 5.09%.Domestic tourist volume increased from 35.6 million trips in 2008 to 53.7 million in 2012 at a compound annual growth rate (CAGR) of 10.80%. Volumes are expected to expand over the forecast period to reach 68.4 million by 2017, increasing at a CAGR of 4.95%. Domestic tourism demand will be stimulated by the growth of the middle class, as well as government efforts to reduce sector dependence on inbound tourists. Domestic tourism expenditure increased from KES70.8 billion (US$1.1 billion) in 2008 to KES115.9 billion (US$1.3 billion) in 2012 recording a CAGR of 13.10%. Transportation held the largest share of the total expenditure in 2012, followed by accommodation and foodservice. Foodservice achieved the highest CAGR of 13.86% during the review period followed by accommodation and retail at 13.64% and 13.09% respectively.
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Future of Car Rental in the UAE

“The Future of Car Rental in the UAE to 2017: Market Profile” is the result of extensive research on the travel and tourism industry covering car rentals in the UAE. It provides detailed analysis on key trends and issues, market size and forecasts, key performance indicators and competitive landscape in the UAE car rental market. The report also includes an overview of the UAE travel and tourism industry covering key trends, barriers to tourism and tourist attractions with a detailed SWOT analysis of the tourism industry in the UAE. Review and forecast data for tourism demand factors and market indicators has also been included in the report. This report also provides an overview of the leading companies in the car rentals market in the UAE.

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Travel and tourism in Argentina accounted for 10.5% of the national GDP and 9.9% of the country’s total employment

Travel and tourism in Argentina accounted for 10.5% of the national GDP and 9.9% of the country’s total employment in 2011. In terms of domestic tourism, 2012 proved to be an excellent year recording 48.2 million domestic travelers – an increase of 8.3% over 2011. International departures also increased by 11.6% in 2012 over the previous year. One of the key reasons for the increase in domestic and outbound volumes was an increase in overall spending power as the country’s economy continued to recover. A high inflation rate within the country and the exchange rate of the Argentine Peso has also made it cheaper for Argentina’s residents to holiday abroad.
• Tourism is expected to be one of Argentina’s best performing sectors over the next decade, with its contribution to the economy growing at 2.5% per annum. Tourism will play an important role in the economic development of the country by developing wealth and generating employment. Consequently, to promote tourism, the government has launched a new tourism marketing plan for 2012–2015.
• During 2012, Argentina welcomed 5.7 million overseas visitors, a decline of 1.2% on 2011 figures. However, inbound expenditure in 2012 registered growth of 10.0% over 2011. Over the forecast period, the volume of inbound visitors is expected to increase at a CAGR of 4.19%.
• In 2011, an ash cloud from a volcanic eruption in Chile led to the cancelation of many flights, which resulted in disrupted volumes of inbound and domestic tourism in Argentina.
• Sports tourism is an important contributor to the tourism industry in Argentina. Various sporting events are organized both in Argentina and its neighboring countries which attract a large number of tourists. For example, Brazil’s hosting of the Football World Cup in 2014 and the Olympics in 2016 is expected to have a knock-on benefit on Argentine tourism.
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Research and Development Forecast of China’s Budget Hotel

Research and Development Forecast of China’s Budget Hotel, 2013-2017 conducts an in-depth analysis on budget hotel industry’s market status quo, market scale, competition situation, and key hotels’ business performance. In addition, it also makes a forecast on the development of budget hotel industry. This report provides reference for investors.
Compared with developed countries, budget hotel industry started late in China. The proportion of budget hotel is less than 30% in China’s hotel industry, but the proportion has exceeded 70% in U.S. The development space of budget hotel in China is broad.With the participation of other enterprises and the foreign brands, the competition in budget hotel industry is fiercer. Budget hotel industry has entered an era of meager profit.
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Tourism is a major sector in Tunisia, accounting for 14.3% of its GDP

Tourism is a major part of Tunisia’s economy and the country relies heavily on tourism as a source of foreign currency for capital formation. As a result, the sector has received substantial government attention in the form of infrastructure development and pro-tourism regulation. The country has experienced a political shift caused by rising social and economic inequality during former President Ben Ali’s regime. A newly elected constituent assembly has been formed, although the focus on tourism is expected to remain unchanged. However, the protests, known as the Jasmine Revolution, caused a major decline in inbound tourism in 2011, and while tourism has rebounded, the country faces the risks of political instability and rising Islamic fundamentalism, which could hamper its image. Tourism in Tunisia also faces competition from other emerging mass-tourism destinations in South-east Asia and from its neighbor Morocco. With Europe in the midst of a recession, Tunisia is also under pressure to search for new markets to fuel tourism growth in the coming years.

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