Table of Contents
Introduction
-
- Key findings
Data Sources
Abbreviations
Issues in the Market
-
- Financial distress and bankruptcy
- Political unrest in the Islamic world
- Who’s innovating?
- Distribution
- The continually growing market for cruising
Global Summary
-
- Demographic trends
-
- Figure 1: Percentage distribution of the population, by age groups in selected countries & regions, 2013 & 2050
- Economy
-
- Figure 2: WEO forecasts (% change unless noted otherwise), July 2013
- Exchange rates
-
- Figure 3: Outlook for exchange rates, 26/07/2013
- International tourism flows and receipts in Europe
-
- Figure 4: International tourism arrivals in Europe, 2011-12
- Figure 5: International tourism receipts in Europe, 2012
- Outlook for spending on travel and tourism in Europe
-
- Figure 5: Projected growth in spending* on travel & tourism in Europe, 2012-20
- Figure 6: Projected growth in spending* on leisure travel in selected European countries, 2012-20
Financial Distress and Bankruptcy
-
- 53 agents and operators insolvent in 2012
- UK travel firms compared to failed video-rental groups
- Air Travel Organisers’ Licence
- An improving trend of ATOL registered failures
-
- Figure 7: Trend in ATOL failures, 2000/01-2012/13
- UK luxury operator closes
- Major German operator GTI insolvent
- Most GTI customers flew to Antalya
- Bookings shifted to an unknown operator
- Unpaid bills to travel agents and hoteliers
- Insurers to be more careful in future
- Polish tour operators vulnerable
- R’Tur travel agency ceases its activity
- The new requirements
- Russia sets up an ATOL-like fund
Political Unrest in the Islamic World
-
- Egypt
- Coup d’état destabilises the country once again
- Tunisia
- UK the second inbound market
- Assassination rocks the boat again
- Turkey
Who’s Innovating?
-
- The sharing economy
- Mintel Inspire trends
- Rent it instead
- Key action items
- Longing for the authentic
- P2P accommodation sharing Web platforms
- Airbnb
- Booking
- Travel
- Social-networking feature
- Competitive commissions for owners
- HomeAway
-
- Figure 8: HomeAway’s revenue breakdown, by country/region, 2010-12
- The HomeAway portfolio
- Toprural acquisition
- Current trend in European business
- Renewal rate down
- HouseTrip
- HouseTrip competes with hotels
- Financial backing
- Competition
- Business model
- onefinestay
- Bespoke travel agents
- Cancellation terms
- Homeowners are also clients
- Hotel services included
- An asset-light business model with sustainable credentials
- A leisure client base
- P2P car-sharing Web platforms
- User profile
-
- Figure 9: Age breakdown of Carpooling.com customers, 2012
- Carpooling in Germany
-
- Figure 10: The most popular carpooling routes in Germany, 2012
- Carpooling in France
-
- Figure 11: The most popular carpooling routes in France, 2012
- Carpooling in Italy
- BlaBlaCar
- Social-networking feature
- Founders’ profile
- Financing
- Expansion
- Carpooling.com
- Cheaper and sustainable
- Commuting
- Daimler and Carpooling.com form a strategic partnership
Innovation in Travel Distribution
-
- ‘Big data’ analysis
- Mintel Inspire trends
- Access All Areas, What We’ve Seen
- Amadeus helps customers target their advertising
- Travel Audience acquisition completed
- Big data – the way forward
- Benefits for the travel industry
- Distribution
- Case study: KAYAK
- Case study: Amadeus
- Case study: British Airways
Distribution
-
- Growth in OTA bookings outpacing the market
- Growth to slow
- Major online players
- KAYAK moves into packages
- Intelligent Travel Object Admin
- Most big operators are included
- The ATOL question
- A mobile app
- Google’s Flight Search rolled out in the UK
- NDC could change the landscape
- Lowcostbeds in bid to compete in top five
- lowcostbeds enters the opaque market
Cruising Still a Pocket of Growth
-
-
- Figure 12: Trend in cruise passenger numbers by region, 2006-11
-
- Figure 13: Cruise passengers, by source market in Europe, 2012
- UK cruising market
-
- Figure 14: Trend in UK & Ireland cruise passengers, 2007-12
- German cruising market
-
- Figure 15: Trend in German cruise passengers, 2007-12
- Spanish cruising market
-
- Figure 16: Trend in Spanish cruise passengers, 2007-12
- Italian cruising market
-
- Figure 17: Trend in Italian cruise passengers, 2007-12
- French cruising market
-
- Figure 18: Trend in French cruise passengers, 2007-12
- Cruising market in the rest of Western Europe
-
- Figure 19: Trend in cruise passengers in the rest of Western Europe, 2011-12
-
Major Players in the European Leisure Travel Industry
-
-
- Figure 20: Top 10 European travel groups, fiscal years 2011 & 2012
-
TUI Travel/TUI AG
-
- TUI Travel
- TUI AG
- SWOT analysis (TUI Travel & TUI AG)
- Recent developments
- Latest annual results
-
- Figure 21: Fiscal results for TUI AG, 2012
- Change in top management
- Joussen sets new priorities
- TUI invests in 60 new planes
- TUI gets £300 million of financing
- Structure
- TUI Travel
-
- Figure 22: Underlying operating profit mix by sector before central costs & emerging markets, FY 2012
- Mainstream sector
- Accommodation & destinations sector
- Emerging markets sector
- TUI’s new structure
-
- Figure 23: TUI’s new reporting structure, 2013
- Two types of business activity
- TUI AG
- TUI Hotels & Resorts
-
- Figure 24: Factors affecting customer satisfaction on package tours, 2012
- Figure 25: TUI Hotels & Resorts’ portfolio, by brand, September 2012
- TUI’s hotel brands
-
- Figure 26: RIU’s locations, by country & continent, 2012
- Viverde a hotel brand for ‘green’ holidaymakers
- TUI cruises: Hapag-Lloyd Kreuzfahrten and TUI Cruises
- Brands
- airtours
- Arke
- Crystal
- Crystal Ski Plus packages
- Fritidsresor
- Hotelbeds
- Intercruises Shoreside & Port Services
- TMS Gateway acquisition
- Jetair
- Winter season 2013/14 brochure
- UAE – a new destination
- LateRooms.com
- Quark Expeditions
- Polar adventure ships and icebreakers
- The Moorings
- Thomson
- TUI
Thomas Cook
-
- SWOT analysis
- Recent developments
-
- Figure 27: Group results for FY 2011-12
- Figure 28: Revenue, by business unit for FY 2011-12
-
- Figure 29: Gross profit, by business unit for FY 2011-12
- Cost cuts of £100 million over three years
- 364 shops closed in the last year
- Thomas Cook brand underexploited
- Emphasis on flexibility
- Shedding assets
- Hoteles Y Clubs De Vacaciones sold
- Indian unit sold
- French activities pared back
- Jet tours restructured
- Major new financing acquired
- Half-year results mildly encouraging
- Structure
- UK & Ireland
-
- Figure 30: Key facts for Thomas Cook’s UK & Ireland division, 2012
- Continental Europe
-
- Figure 31: Key facts for Thomas Cook’s Continental Europe division, 2012
- Northern Europe
-
- Figure 32: Key facts for Thomas Cook’s Northern Europe division, 2012
- Group Airlines
-
- Figure 33: Key facts for Thomas Cook’s airline division, 2012
- Airline integration plans
- Aircraft financing secured
- Brands
- Airtours
- Condor
- Gold Medal
- Hotels4u.com
- Club 18-30
- happy events
- Intourist
- Neckermann
- Neilson
- Öger Tours
- SENTIDO Hotels & Resorts
- Thomas Cook
- Ving
Kuoni
-
- SWOT analysis
- Recent developments
-
- Figure 34: Results for the year ended 21 March 2013
- Refocusing on core activities
- Kuoni sells stake in Megapolus Tours
- Kuoni quits Italy and France
- Restructuring completed
- Change at the top
- ‘brite spokes’ launches in the US
- The Legends Continue
- Crunch Fitness and Health Road Trips
- Get the Drift
- Let's Rally
- Cover Your Bases
- Imbibe Ride
- Structure
- Tour operating
- Destination travel services
- Emerging Markets & Specialists
- Brands
- Nordic brands
- Swiss brands
- Outbound Specialists Switzerland
- Asia365
- Trails.Cotravel
- Dorado Latin Tours
- Travelintens
- Kontiki Saga
- Manta Reisen
- Private Safaris
- Railtour/Frantour
- Unique Travel
- UK brands
- Outbound specialists
- Carrier
- CV travel
- Journeys of Distinction
- Kirker Holidays
- Voyages Jules Verne
- Destination Management Specialists
- AlliedTPro
- Asian Trails
- Australian Tours Management
- Desert Adventures Tourism
- Distant Frontiers
- Private Safaris
- Sita
- Emerging market brands
- India
- China/Hong Kong
- VFS Global
DER Touristik
-
- SWOT analysis
- Recent developments
- DER Touristik is new umbrella brand
- Upgrading the distribution network
- A strong summer season
- More winter tours
- Expanded coach tours
- Structure
- Brands
- Tour operators
- clevertours.com
- ITS – the mainstream brand
- Jahn Reisen
- Tjaereborg – the dynamically priced brand
- DERTOUR
- Meier’s Weltreisen
- ADAC Reisen
FTI Touristik
-
- SWOT analysis
- Recent developments
- Strong growth so far in 2013
- More winter flights to Egypt and Canaries
- Oman
- FTI enters the French market
- Structure
- Brands
- 5vorFlug
- driveFTI
- Fly.de
- LAL Sprachreisen GmbH
- sonnenklar.TV
Club Med
-
- SWOT analysis
- Recent developments
- Club Med taken over in €556-million deal
- A troubled history
- China, the great hope
- Difficult to value Club Med
- Structure
- Asset heavy
-
- Figure 35: Holding structure of Club Med villages & bed capacity, 2012
- Brands
Alltours
-
- SWOT analysis
- Recent developments
- Higher profits and hotel investments
- More Canaries and long-haul for the winter
- Structure
- Brands
- Alltours
- Other branded activities
- Allsun Hotels
Oad Reizen
-
- SWOT analysis
- Recent developments
- eCircle optimises Oad Reizen’s customer response rate
- Structure
- Brands
Hotelplan
-
- SWOT analysis
- Recent developments
- Revenue declined in 2012
-
- Figure 36: Turnover, by strategic business units, FY 2012
- Hotelplan has exited Russia
- Structure
- Brands
- Swiss tour-operator brands
- Italian tour-operator brands
- UK tour-operator brands
- Interhome
Alpitour
-
- SWOT analysis
- Recent developments
- Alpitour sold to private equity funds
- Structure
- Brands
- Alpitour
- Francorosso
- Villages Bravo
- Viaggidea
- Karambola
- Neos
- Alpitour World Hotels & Resorts
-
- Figure 37: Alpitour World Hotels, 2013
- Welcome Travel Group
- Jumbo Tours
Major Country Markets
-
- Outbound spending key for the travel trade
- China number 1
- But importance to be relativised
- Russia up, Italy down
- Top European outbound markets
-
- Figure 38: Top European countries for expenditure on outbound tourism, 2011-12
- Germany
-
- Figure 39: German holiday trips, 2011-12
- Destinations
-
- Figure 40: German holiday destinations, by % share*, 2012
- Distribution
- Tour-operator market structure
- Soaring growth for Schauinsland Reisen
-
- Figure 41: Market shares of major German tour operators, 2012
- TUI, the market leader
-
- Figure 42: Five largest tour operators in Germany, FYs 2011-12
- Trends and outlook
- Club operators target the German market
- TUI’s Robinson Club & Magic life
- Aldiana
- DER Touristik’s Calimera
- Club Med
- UK
-
- Figure 43: Trend in UK holiday trips & spending abroad, 2000-12
- Destinations
-
- Figure 44: UK holiday travel & spending, by country & region, 2012
- Cost of living in holiday destinations
-
- Figure 45: Cost of living per day, by holiday destination, 2013
- Distribution
- TUI UK & Ireland
- Thomas Cook UK
- Monarch Group
- Trends and outlook
- Two million head overseas at the end of July
- Domestic tourism booming
- Russia
- Destinations
- Distribution
-
- Figure 46: Top 10 Russian tour operators, 2013
- Trends and outlook
- France
-
- Figure 47: Package tours sold in France, by destination during FY 1/11/2011-31/10/2012
- Destinations
-
- Figure 48: French package-tour destinations, FY 2011-12
- Distribution
- Trends and outlook
- Italy
-
- Figure 49: Holiday trips taken by Italians, 2010-12
- Destinations
-
- Figure 50: Regions of holiday trips taken by Italians (in % of category total), by duration, 2012
- Figure 51: Destinations of holiday trips taken by Italians (in % of category total), 2012
- Distribution
-
- Figure 52: Booking channels for holiday trips (% of category total), 2011-12
- Trends and outlook
What Next?
-
- Changes to the EU’s PTD
- Reflecting changes in the way people travel
- A largely positive reaction
- Mega resorts coming to Europe
- Las Vegas- or Macao-style mega resorts are to be built in Spain, but will European tourists go for it?
- BCN World
- ‘EuroVegas’ in Madrid
- A mixed reaction
- Popular opposition to EuroVegas
- Local hoteliers in Catalonia positive
Back to top