Market Research Reports and Industry Reports

Travel and Tourism Industry Business Outlook and Procurement Report H1 2016

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Summary
 
 Amid growing market uncertainty, increasing costs, and rising competition, organizations within the travel and tourism industry are planning to increase focus on improving operational efficiency and sustainability initiatives, and expansion in the current market. Mergers and acquisitions are expected to increase within the travel and tourism industry with emerging markets such as China, India, and Russia offering prominent growth opportunities. As organizations intend to increase their use of technology, and concentrate on internal operating cost reductions in H1 2016, procurement activities will increase on IT services and MRO activities. Consequently, procurement expenditure for travel and tourism organizations is projected to increase by an average of 5.9% over the next six months. Additionally, 58% of travel and tourism industry executives expect supplier prices to increase in the next six months and over one-fifth of travel and tourism industry executives highlighted limited or generalized deployment of e-procurement within their organizations.
 
 Key Findings
 
 The majority of travel and tourism executives highlight improving operational efficiency and expansion in current market as key priorities for H1 2016
 The highest percentage of respondents expect the UK to provide significant growth opportunities during the next six months
 Globally, the highest percentage of executives expect an increase in merger and acquisition activity in H1 2016
 The majority of executives across small and medium-sized companies expect more capital expenditure on IT infrastructure development in the next six months
 In total, 32% of respondents expect the global procurement budget to remain within the US$250,000 range during H1 2016
 Overall, 22% of respondents indicated limited or generalized deployment of e-procurement within their organizations
 Canadeans Travel and Tourism Industry Business Outlook and Procurement Report H1 2016 examines executives opinion on the business outlook and procurement activities over April-September 2016. Organizations can know about key business priorities, supplier price variations, changes in procurement expenditure, and supplier prices with the implementation status of e-procurement within the travel and tourism industry. Additionally, it provides information categorized by region and company type.
 
 What else does this report offer?
 
 Key business priorities: examines travel and tourism companies important priorities for H1 (April-September) 2016
 Emerging and developed markets: provides information about key emerging and developed markets, which will offer the most growth over H1 2016
 Change in MandA activity: analyzes travel and tourism industry executives opinion on changes in merger and acquisition activity globally
 Business concerns: identifies major business concerns that are likely to impact travel and tourism companies
 Change in capital expenditure: tracks the expected change in capital expenditure both globally and regionally across key areas
 Budget allocation: examining procurement budget expectations for travel and tourism organizations over the next six months
 Supplier price outlook: determine the expected change in supplier prices over April-September 2016
 E-procurement: identify executives perspective towards e-procurement within the travel and tourism industry
 
 Reasons To Buy
 
 Highlights key business priorities thus helping travel and tourism companies to realign business strategy
 Develop or adjust business expansion plans by knowing about significant growth-offering emerging and developed markets
 Make changes in procurement budget allocations by analyzing procurement expenditure projections anticipated by executives for April-September 2016
 Helps to manage costs by providing information about supplier price expectations for the next six months

 Introduction
 
 Definitions
 Methodology and sample size
 Respondent profile
 Global Business Outlook in H1 2016
 
 Strategic business priorities
 Emerging markets with significant growth potential
 Growth potential for developed markets
 Mergers and acquisition
 Leading business concerns
 Capital expenditure projections
 Procurement Behaviors and Strategies
 
 Potential changes in procurement resources and objectives
 Procurement activity outlook in key areas
 Global procurement budget projections
 Planned change in procurement expenditure
 Supplier prices outlook
 Organizations viewpoints on E-procurement
 Appendix


List Of Figures

 

Figure 1: Organizations Top Priorities - Overall, Apr 2016-Sep 2016
Figure 2: Organizations Top Five Priorities - By Region, Apr 2016-Sep 2016
Figure 3: Organizations Top Five Priorities - By Company Types, Apr 2016-Sep 2016
Figure 4: Emerging Market with Significant Growth Opportunities - Overall, Apr 2016-Sep 2016
Figure 5: Top Five Emerging Market with Significant Growth Opportunities - By Region, Apr 2016-Sep 2016
Figure 6: Top Five Emerging Market with Significant Growth Opportunities - By Company Types, Apr 2016-Sep 2016
Figure 7: Developing Markets with Prominent Growth Prospects - Overall, Apr 2016-Sep 2016
Figure 8: Top Five Developing Markets with Prominent Growth Prospects - By Region, Apr 2016-Sep 2016
Figure 9: Top Five Developing Markets with Prominent Growth Prospects - By Company Types, Apr 2016-Sep 2016
Figure 10: Change in Mergers and Acquisitions, Overall and Regional, Apr 2016-Sep 2016
Figure 11: Change in Mergers and Acquisitions, By Company Types, Apr 2016-Sep 2016
Figure 12: Major Concerns for Organizations - Overall, Apr 2016-Sep 2016
Figure 13: Top Five Major Concerns for Organizations - By Region, Apr 2016-Sep 2016
Figure 14: Top Five Major Concerns for Organizations - By Company Types, Apr 2016-Sep 2016
Figure 15: Change in Capital Expenditure in Key Areas - Overall, Apr 2016-Sep 2016
Figure 16: Change in Capital Expenditure in Key Areas - By Region, Apr 2016-Sep 2016
Figure 17: Change in Capital Expenditure in Key Areas - By Company Types, Apr 2016-Sep 2016
Figure 18: Procurement Resources and Objectives Expectations - Overall, Apr 2016-Sep 2016
Figure 19: Top Four Procurement Resources and Objectives Expectations - By Region, Apr 2016-Sep 2016
Figure 20: Top Four Procurement Resources and Objectives Expectations - By Company Types, Apr 2016-Sep 2016
Figure 21: Change in Procurement Activities in Strategic Areas - Overall, Apr 2016-Sep 2016
Figure 22: Change in Procurement Activities in Strategic Areas - By Region, Apr 2016-Sep 2016
Figure 23: Change in Procurement Activities in Strategic Areas - By Company Types , Apr 2016-Sep 2016
Figure 24: Global Procurement Budget Outlook - Overall and Regional, Apr 2016-Sep 2016
Figure 25: Global Procurement Budget Outlook - By Company Types, Apr 2016-Sep 2016
Figure 26: Change in Procurement Expenditure - Overall and Regional, Apr 2016-Sep 2016
Figure 27: Change in Procurement Expenditure - By Company Types, Apr 2016-Sep 2016
Figure 28: Supplier Prices Expectations - Overall, Apr 2016-Sep 2016
Figure 29: Supplier Prices Expectations - By Region, Apr 2016-Sep 2016
Figure 30: Supplier Prices Expectations - By Company Types, Apr 2016-Sep 2016
Figure 31: Organizational Perspective on E-Procurement - Overall
Figure 32: Organizational Perspective on E-Procurement - By Region
Figure 33: Organizational Perspective on E-Procurement - By Company Types


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Reports Details

Published Date : May 2016
No. of Pages :45
Country :Global
Category :Travel and Tourism
Publisher :Canadean
Report Delivery By :Email
Report Delivery Time :12 to 24 hours after placing the order.

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