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Travel and Tourism Industry Business Outlook and Procurement Report November 2016-April 2017

Travel and Tourism Industry Business Outlook and Procurement Report November 2016-April 2017

Summary
Canadean’s Travel and Tourism Industry Business Outlook and Procurement Report examines executives’ opinion on the business outlook and procurement activities during November 2016-April 2017. Organizations can know about key business priorities, supplier price variations, changes in capital expenditure, mergers and acquisitions within the global travel and tourism industry, and organizations perspective towards e-procurement.

Key Findings
China, India, and Russia will offer the most growth prospects for the travel and tourism industry over the next six months
The highest percentage of respondents expect the US to provide significant growth opportunities during November 2016-April 2017
Market uncertainty and rising competition are major challenges for organizations within the travel and tourism industry in November 2016-April 2017
Organizations within the travel and tourism industry will increase their use of technology and focus on internal operating cost reductions in November 2016-April 2017
Procurement activities on IT services will increase over the next six months

Synopsis
Mergers and acquisitions are expected to increase within the travel and tourism industry over the next six months (November 2016-April 2017) due to the global expansion of business, a need to secure market shares, especially in emerging destinations, the desire to maximize resources through investments, and the want to build immediate brand recognition. Market uncertainty and rising competition are major challenges for organizations within the travel and tourism industry during November 2016-April 2017. However, respondents are willing to increase their focus on improving operational efficiency and expansion in current markets. Furthermore, developing economies such as China and India are projected to offer significant growth opportunities for the global travel and tourism industry, due to the construction of new hotels and increasing disposable income in the respective countries. On average, global travel and tourism industries procurement expenditure is projected to increase by 5.6% over the next six months.

Reasons To Buy
Highlights key business priorities (including comparisons over the last six months) thus helping travel and tourism companies to realign business strategy
Organizations can develop or adjust business expansion plans by knowing the significant growth offering emerging and developed markets highlighted in the report
Make changes in procurement budget allocations through procurement budget projections anticipated by executives for November 2016–April 2017
Implement effective price management strategy by viewing supplier price variations highlighted for next six months


Introduction
Definitions
Methodology and sample size
Respondent profile
Global Business Outlook in November 2016-April 2017
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, comparison (Apr 2016-Sep 2016 and Nov 2016-Apr 2017)
Figure 2: Organizations Top Five Priorities By Region, Nov 2016-Apr 2017
Figure 3: Organizations Top Five Priorities By Company Types, Nov 2016-Apr 2017
Figure 4: Emerging Market with Significant Growth Opportunities Overall, comparison (Apr 2016-Sep 2016 and Nov 2016-Apr 2017)
Figure 5: Top Five Emerging Market with Significant Growth Opportunities By Region, Nov 2016-Apr 2017
Figure 6: Top Five Emerging Market with Significant Growth Opportunities By Company Types, Nov 2016-Apr 2017
Figure 7: Developing Markets with Prominent Growth Prospects Overall, comparison (Apr 2016-Sep 2016 and Nov 2016-Apr 2017)
Figure 8: Top Five Developing Markets with Prominent Growth Prospects By Region, Nov 2016-Apr 2017
Figure 9: Top Five Developing Markets with Prominent Growth Prospects By Company Types, Nov 2016-Apr 2017
Figure 10: Change in Mergers and Acquisitions, Overall, comparison (Apr 2016-Sep 2016 and Nov 2016-Apr 2017)
Figure 11: Change in Mergers and Acquisitions, Regional, Nov 2016-Apr 2017
Figure 12: Change in Mergers and Acquisitions, By Company Types, Nov 2016-Apr 2017
Figure 13: Major Concerns for Organizations Overall, comparison (Apr 2016-Sep 2016 and Nov 2016-Apr 2017)
Figure 14: Top Five Major Concerns for Organizations By Region, Nov 2016-Apr 2017
Figure 15: Top Five Major Concerns for Organizations By Company Types, Nov 2016-Apr 2017
Figure 16: Change in Capital Expenditure in Key Areas Overall, Nov 2016-Apr 2017
Figure 17: Change in Capital Expenditure in Key Areas By Region, Nov 2016-Apr 2017
Figure 18: Change in Capital Expenditure in Key Areas By Company Types, Nov 2016-Apr 2017
Figure 19: Procurement Resources and Objectives Expectations Overall, comparison (Apr 2016-Sep 2016 and Nov 2016-Apr 2017)
Figure 20: Top Four Procurement Resources and Objectives Expectations By Region, Nov 2016-Apr 2017
Figure 21: Top Four Procurement Resources and Objectives Expectations By Company Types, Nov 2016-Apr 2017
Figure 22: Change in Procurement Activities in Strategic Areas Overall, Nov 2016-Apr 2017
Figure 23: Change in Procurement Activities in Strategic Areas By Region, Nov 2016-Apr 2017
Figure 24: Change in Procurement Activities in Strategic Areas By Company Types, Nov 2016-Apr 2017
Figure 25: Global Procurement Budget Outlook Overall and Regional, Nov 2016-Apr 2017
Figure 26: Global Procurement Budget Outlook By Company Types, Nov 2016-Apr 2017
Figure 27: Change in Procurement Expenditure Overall and Regional, Nov 2016-Apr 2017
Figure 28: Change in Procurement Expenditure By Company Types, Nov 2016-Apr 2017
Figure 29: Supplier Prices Expectations Overall, comparison (Apr 2016-Sep 2016 and Nov 2016-Apr 2017)
Figure 30: Supplier Prices Expectations By Region, Nov 2016-Apr 2017
Figure 31: Supplier Prices Expectations By Company Types, Nov 2016-Apr 2017
Figure 32: Organizational Perspective on E-Procurement Overall comparison (Apr 2016-Sep 2016 and Nov 2016-Apr 2017)
Figure 33: Organizational Perspective on E-Procurement By Region Nov 2016-Apr 2017
Figure 34: Organizational Perspective on E-Procurement By Company Types Nov 2016-Apr 2017

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