European Leisure Travel Industry - Europe : Market Research Report

European Leisure Travel Industry - Europe

Published by: Mintel International Group Ltd.

Published: Sep. 1, 2009 - 205 Pages

INTRODUCTION: Key findings; Abbreviations
DATA SOURCES
EUROPEAN OVERVIEW: POPULATION STRUCTURE; Ageing of the population; 80+ segment to grow rapidly; More outbound travel from Northern & Central Europe; 25-44 age segment is the prime outbound travel market; Drop in outbound travel after 64; ECONOMIC GROWTH; IMF sees light at the end of the tunnel; But unemployment will continue to rise; EXCHANGE RATE OUTLOOK; Impact of currency moves on European leisure travel; TRAVEL AND TOURISM EXPENDITURE; Long-term outlook; INTERNET PENETRATION AND USER GROWTH
MAJOR INDUSTRY PLAYERS AND THE CURRENT MARKET: MERGERS, ACQUISITIONS, RESTRUCTURING, BANKRUPTCIES - TREND TOWARDS CONSOLIDATION; TUI Travel and Thomas Cook Group dominate a shrinking market; TUI sells Hapag-Lloyd for €4.45 billion; TUI retains a one-third stake; Fredriksen versus Mordashov; Conflict of interest accusations; Fredriksen’s motion did not succeed; TUI AG might take back some TUI Travel operations to Germany; BANKRUPTCY IS THE ORDER OF THE DAY; XL left tens of thousands stranded; Skyrocketing fuel costs; Warning signs of a collapse; Trading under a wide variety of names; Impact on the travelling public; Bankruptcy usually not covered; Impact on the industry; A UK market share of 7-10%; Thomas Cook parent, Arcandor AG, in dire financial straits; Thomas Cook excluded from bankruptcy proceedings; REWE could be interested in Cook; Obstacles to be overcome; A financial sale also possible; Thomas Cook sale increasingly likely; Cook raises some cash with the sale of its stake in L’TUR
RANKING OF THE MAJOR PLAYERS: Stagnation since 2002; The two top tour operators worldwide are UK plcs; TUI TRAVEL/TUI AG; Mainstream; Central Europe; Northern Europe; Western Europe; Margins improved in fiscal year 2008; Specialist and emerging markets; North America; Europe; Emerging markets; Falling revenues and lower margins; Activity sector; Adventure; Marine; Ski; Student; TUI has acquired language course specialists; Sport; Activity - a growth sector; Accommodation & Destinations; B2B - Portfolio Incoming; B2B - Hotelbeds; B2C; A high margin growing business; TUI Hotels & Resorts; RIU; RiuLand Children’s entertainment; 1,000 rooms to open in Cuba; Grupotel; Robinson; Magic Life; Iberotel; Grecotel; Dorfhotels; Other TUI hotel brands; Underlying operating profit up 53% for TUI Travel; Turnover up 9% for TUI Hotels & Resorts; Cruise turnover up 9%; Prospects for the current financial year; Winter 2008/09 went according to plan; Summer not looking good, however; Down across the boards; A weak Q1/2009 for TUI AG; THOMAS COOK GROUP; Details by segment; Interim results flattered by favourable currency moves; Thomas Cook expands in the luxury sector; Cook is expanding outside Europe; Acquisitions in India & Middle East; Terms of the deals; Strategic alignment; TCIL; Egypt; The TriWest acquisition; Thomas Cook’s hotel links; Thomas Cook has purchased MedHotels from lastminute.com; Holiday hotels; Cook has also purchased hotels4U; Med Hotels and hotels4u to remain separate brands; Sentido launches with 17 hotels; Mountain regions could also be included; Thomas Cook in exclusive deal for Turkish hotels; REWE; Two types of tour operators; ITS - the volume brand; Jahn Reisen - the brand for individual specialities; Tjaereborg - the dynamically priced brand; INDI; Dertour - the modular holiday brand; Dertour enters the health tourism market; 2009 turnover up 18% in Romania; Meier’s Weltreisen - the long-haul specialist; ADAC Reisen - the mobile holiday brand; REWE Touristik Hotels & Investments; Calimera Active Hotels; PrimaSol Hotels; LTI International Hotels; Number one for distribution; Sales downturn for specialist tour operators; Heavy discounting for early booking; REWE might buy a study tour operator; KUONI; Leisure travel; A new concierge service introduced; Mainstream segment; Distribution; Kuoni’s concierge service; Destination Management; Recent acquisitions; Desert Adventures Tourism; Kuoni acquired ATM; Kuoni moves into the Chinese market; Guangzhou International Travel Services; 160 travel agencies and a turnover of €133 million; Kuoni discontinued Shoestring; 2008 results encouraging; But cash flow down…; Results by SBU; Switzerland; Scandinavia; UTE Megapolus; SBU Europe; SBU United Kingdom; Asia & Destination Management; Outlook; A new reporting structure; Kuoni’s cost reduction programme; CLUB MED; The move upmarket; Quality not quantity; Shoring up company finances; Club Med no longer in the tour operator business; Club Med also exits the fitness business; Capital increase; Adapting to the global crisis; ALLTOURS; Alltours’ new tour operator; Alltours is buying hotels; No borrowing necessary; New hotel concept; Alltours España; ALPITOUR; Revenue stagnating; Alpitour’s tour operator brands; Alpitour World Hotels & Resorts; Alpitour divests; Outlook; HOTELPLAN; EBITDA down sharply in fiscal 2008; Hotelplan Group growth strategy; M-Travel subdivisions; TClub expanded internationally; New niche operators; VACANDO; Hotelplan also in Russia; Inntravel; FTI TOURISTIK; The specialists; LAL Language Travel; fly.de; DriveFTI; Distribution; Sonnenklar.TV; Destinations; Winners and losers for the summer season 2009; Outlook for the winter season 2009/10; All-inclusive trend continues; Early booking savings - including bonus nights on arrival; 13% more hotels in 14 catalogues; VENTAGLIO; Ventaglio’s tour operator brands; Ventaglio; Viaggi Columbus; Ventaglio I Viaggi; Caleidoscopio reinstated; Utat Viaggi sold; Best Tours; 105Travel - the new youth brand; ‘Lungomare’; New developments in fiscal year 2008; Distribution strategy; www.ventapoint.com; Group EBITDA down by 74% in fiscal year 2008; The ‘2009-12 restructuring and turnaround plan’; Asset sales already anticipated and underway; Livingston sold; Best Tours sold; 15 hotels sold
ONLINE TRAVEL GROUPS: AMADEUS; SABRE; TRAVELPORT; GDSS STILL AN IMPORTANT CHANNEL; WHO ARE THE BIG INTERNET PLAYERS WORLDWIDE?; BRAND EXPANSION STRATEGY; Expedia Europe; Europe’s bookings and revenue more than 20% of Expedia’s total; Expedia tussles with Ryanair; Ryanair later backed out of the deal; Expedia’s Venere.com acquisition; Agency basis only; Venere operates autonomously; Expedia beefs up EMEA presence; JoinExpedia.com; Global lodging agreements; Orbitz; Priceline; Travelocity; hotel.de AG; HRS (R Ragge GmbH)
MAJOR EUROPEAN OUTBOUND MARKETS BY COUNTRY/REGION: ONLY FOUR TRUE INTERNATIONAL PLAYERS LEFT; AUSTRIA; Market characteristics; Holiday trips of four nights or more; Travel propensity; Transport; Accommodation; Seasonality; Travel market; TUI Austria; Winter trading update 2008/09; Summer trading update 2009; ITS Billa Reisen Austria’s direct marketing operator; FTI Austria; BELGIUM; Market characteristics; France remains number one; Shorter stays at the beach; Travel market; Air packages 61% in summer 2008; Accommodation only - a growth segment; Winter 2008-09 bookings down 5.6%; Air packages take a hit - down 10.4%; Car holidays fared slightly better; Ski holidays held up well; The TUI and Thomas Cook duopoly; TUI profit up; Winter 2009/10 trading update; Summer 2009 trading update; Thomas Cook; EASTERN EUROPE (CZECH REPUBLIC, HUNGARY AND POLAND); Czech Republic - market characteristics; Czech Republic - travel market; CK Fischer; ITS Billa Travel comes to Czech Republic; Hungary - market characteristics; Hungary - travel market; Thomas Cook; TUI; Budget carrier competition; Poland - market characteristics; Poland - travel market; TUI; Thomas Cook; Orbis Travel; FRANCE; Market characteristics; Different trends according to type of accommodation and destination; Lower discretionary spending while on holiday; French restaurant VAT reduced; A sharp drop in trips abroad; Foreign destinations; Current air travel destination trends for the summer of 2009; Train travel gaining ground; Less hotel arrivals in the French West Indies, but an increase in Guyana; A fall in hotel capacity in the DOMs; Travel market; But 2009 looks more challenging…; Flight-only is still up, however…; 100% more tourists were bailed out by the French APS in 2008; TUI/Nouvelles Frontiéres; Winter sales down; Sales decline seen accelerating for the summer 2009; Thomas Cook; Jet tours acquisition; Marmara; Club Med; Fram; Fram buys Plein Vent; GERMANY; The world’s biggest outbound market; Market characteristics; Germans still confident in early 2009; Holiday travel only sacrificed as a last resort; Trend in holiday destinations; Non-European Mediterranean gains further market share; Ranking of domestic destinations; Mediterranean and Austria on top; Only 6% of trips are long haul; Long-term trends in transport and accommodation; Travel organisation and booking; Trend in booking channels; 12 million Germans to book summer holidays online; Outlook for spending on holiday travel in 2009; Holidays are considered as basic need; More optimism, but sales still weak…; Tentative recovery in June; Travel market; Market share trends; Triumph of the ‘Middelstands’; TUI; TUI sees downturn for the summer 2009; Destination trends; TUI Germany 2008 trading results; TUI cutting prices and capacity for the winter 2009-10; Margins to be maintained; New products for the winter season; Co-operation between TUIfly and Air Berlin; But the plan for a crossholding has been annulled; De-risking of TUIfly achieved; Air Berlin & LTU; Wolters to become ‘TUI Ferienhaus’; TUI’s ‘Reiseleicht’ modular brand; Thomas Cook; Airlines Germany; Neckermann agencies purchased; REWE Touristik; Alltours; FTI Touristik; �ger - Gruppe; Tour operators; Hotels and incoming figures; Aida Cruises; Schauinsland; Phoenix; GTI Travel; IRELAND; Market characteristics; Spending on foreign holidays down by 28% in Q1/2009; Destinations; Travel market; Budget Travel; ITALY; Market characteristics; Internet bookings up; Travel market; Alpitour; Ventaglio; THE NETHERLANDS; Market characteristics; Over one million ski holidays; Travel market; OAD; TUI; 2008 results; Sales fell in winter 2008/09; Half-year results - slightly less negative; But an accelerating downturn for the summer 2009…; Thomas Cook; Other competitors: Vacansoleil, Sudtours & De Jong Intra Vakanties; NORDIC REGION; Destinations; Thomas Cook; TUI; Winter 2008/09 trading; Summer 2009 trading update; Kuoni Scandinavia; Primera Travel Group; Denmark; Market characteristics; Travel market; Kuoni has acquired Falk Lauritsen; Finland; Market characteristics; Strong gains in Eastern Mediterranean and Bulgaria; Travel market; Norway; Market characteristics; Travel market; Sweden; Market characteristics; Travel market; Kuoni has purchased a Swedish golf specialist; RUSSIA; Market characteristics; ‘Sun and sand’ holidays; Cyprus and the Maghreb; Travel market; TUI’s CIS market push; VKO Group; Voyage Kiev; Mostravel; SPAIN; Market characteristics; Travel market; Iberostar; Globalia; 2008 operating results; Packages stagnating; SWITZERLAND; Market characteristics; Travel market; Kuoni on the acquisition trail; Kuoni buys Eastern Adriatic specialist; Kuoni acquired Swiss education specialist; Cotravel; Hotelplan; TUI Switzerland; Winter was down also…; And summer looks worse…; ITS Coop Travel; UK; Market characteristics; Outbound travel hits a brick wall; Overseas expenditure; Travel market; The UK travel sector hard hit by insolvency; A silver lining?; Bedbank consolidation has altered the competitive landscape; TUI; Customer numbers down 8% in 2008; Sensatori; More holiday villages; Two new brochure concepts from First Choice for 2010; Winter 2008/09 trading update; But sales will likely fall in summer 2009; Thomas Cook; All-inclusive and ex-Eurozone in demand; Cook has acquired Gold Medal; Gold Medal management team; Transaction cleared by the EU
TRENDS AND ISSUES IN THE EUROPEAN TRAVEL INDUSTRY: DISTRIBUTION; US still reserves a lot more online; UK accounted for 30% of Internet sales; Spain and Italy lead European online travel growth; PhoCusWright’s conclusions sometimes at odds with Marcussen’s; Spain, the fastest-growing market; Italy faster than average growth; France - the second-largest market; Germany - 20% of bookings online; Scandinavia - almost half of bookings online; UK - still growing in double digits; Direct versus indirect; Online intermediaries increasing their share; Hotels a promising market; Hotels up - packages down; LCCs increase capacity to holiday destinations; Eight of the easyJet routes will operate from the UK; Ryanair’s 33rd European base; New routes from the Canaries; THE CRUISE BOOM CONTINUES; UK and Germany over half the market; The fast-growing German cruise market; Sea cruises; Expectations for 2009; River cruise operators; Expectations for 2009; A warning signal on the horizon?; Travel agencies the main distribution channel; HOLIDAY RENTALS; ENVIRONMENT AND SUSTAINABLE DEVELOPMENT; Levels of acceptance vary
WHAT NEXT?: MORE TRAVEL FAILURES BY AUTUMN?; THOMAS COOK BACK IN BRITISH HANDS; TUI UNDER FINANCIAL DURESS FROM SHIPPING UNIT; SPACE TRAVEL ANYONE?; ‘SpaceShipTwo’ and ‘WhiteKnightTwo’; Two hours to Sydney
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

This report constitutes an analysis of the European leisure travel industry with a primary focus on the role of the large tour operators. The report begins with a general discussion of the European travel market overall, including an overview of demographic and macroeconomic trends, as well as spending on travel and tourism and Internet penetration.

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European Leisure Travel Industry - Europe

Table of Contents

Abstract