The Future of the European Package Holiday - Europe

Published by: Mintel International Group Ltd.

Published: May. 1, 2009 - 59 Pages

Table of Contents

INTRODUCTION

SCOPE OF THE REPORT

DATA SOURCES

OVERVIEW

A BRIEF TIMELINE OF THE PACKAGE HOLIDAY

WHAT IS A PACKAGE HOLIDAY?

COMPETING METHODOLOGIES OF ARRANGING HOLIDAYS

DYNAMIC PACKAGING

FIT AND GIT

STATUS OF THE EUROPEAN PACKAGE HOLIDAY

THE EUROPEAN TOURISM MARKET

The European market in a global context

Europe’s tourism economy

Figure 1: Travel and tourism indicators for the European Union 2003-08, and forecast to 2018

Figure 2: Travel and tourism indicators for Central & Eastern Europe 2003-08, and forecast to 2018

Figure 3: Travel and tourism indicators for other Western European countries 2003-08, and forecast

to 2018

Figure 4: Travel and tourism indicators for total Europe 2003-08, and forecast to 2018

European tourism arrivals

Figure 5: Europe's international arrivals and tourism receipts, 2001-07

Figure 6: Growth in arrivals and bednights per annum by chief issuing markets in Europe, 2007-08

Figure 7: Growth of total European foreign arrivals and bed nights per annum, 1998-2008

THE EUROPEAN PACKAGE HOLIDAY MARKET

UK

Figure 8: Number of visits to the UK by overseas residents, by area of residence and purpose of visit,

2005-07, Q1-Q3/2008

Figure 9: Number of visits abroad, by UK residents, by destination and purpose of visit, 2005-07, Q1-

Q3/2008

SPAIN

Figure 10: Inbound arrivals and inter-annual % variation inbound arrivals to Spain, 2001-07

Figure 11: UK arrivals to Spain, 2000-07

Figure 12: UK tourists, by form of organisation of trip, 2003-07

Figure 13: Tourists from Germany and Nordic countries, by form of organisation of trip, 2003-07

Figure 14: Non-package arrivals to Spain and year-on-year % variation, 2003-07

European package tourism destination trends

Figure 15: Co-operative Travel’s top destinations for late market, summer 2008

Figure 16: Popular destinations ranked, by number of UK tourist arrivals, 2005-07, Q1-3/2008

Interview with Irfan Onal, director, Turkish Culture & Tourism Office, UK

KEY FACTORS AFFECTING PACKAGE HOLIDAYS

CONSUMER PRIORITISING OF HOLIDAYS

Figure 17: UK spending priorities, 2007

Figure 18: UK market size trends as indicated, by sales and expenditure for selected activities, 2003-07

Figure 19: UK overseas inclusive holidays versus independent holidays by volume, 2003-13

CONSUMER PROTECTION

ATOL

Trust fund system

Travellers’ choices: Insurance, deposits and credit cards

EMERGING TOUR OPERATOR STRATEGIES

Company mergers

Reshaping the customers’ face-to-face experience

The high street travel shop

Customer representatives

Reshaping the traditional package holiday

Medium- and long-haul

Trend shifts in accommodation and resorts

Interview with Tim Williamson, customer director, TUI Travel, UK and Ireland

LOW-COST CARRIERS

Figure 20: European low-cost carriers, ELFAA members, capacity, destinations and routes, 2005

Figure 21: Major European low-cost carriers, their capacity, destinations and routes, 2007

Figure 22: Major European low-cost carriers, ELFAA members, capacity, destinations and routes, 2008

Second-home ownership

FINANCIAL FACTORS

Currency exchange rates

Volatile aviation fuel prices

Figure 23: IATA weekly jet fuel price, 25 April 2008

Figure 24: IATA weekly jet fuel price, 27 February 2009

THE INTERNET

Figure 25: International land and air tourists to Spain according to Internet use in relation to trip, 2006-07

WHAT NEXT?

A stable UK and European package market

ATOL protection for dynamic packaging

Convergence of LCC and tour-operator business models

Holiday strategies during the credit downturn and after

LCCs reaching out to middle-distance destinations

Second home ownership post credit crunch

Short reprieve versus package permanence?

Figure 26: A ledger of winners and losers in European package tourism, 2009

INDEX TO TTI DESTINATION REPORTS

Country reports

City reports

INDEX TO TRAVEL & TOURISM ANALYST

Index grouped by geographic area

SPECIAL REPORTS INDEX

2003

2004

2005

2006

Abstract

The objective of this report is to provide a past/present measurement of the European package holiday market and an analysis for the future. Future analysis will be based on extrapolated trends indicated in quantitative data, examples, interviews with key figures involved in the European package holiday market, and an examination, description and analysis of the factors affecting the market.

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