Category: Travel Services
Travel Services market research reports by Euromonitor International
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Travel in Australia
Travel in Australia In 2022, Australia's decision to reopen its borders contributed significantly to the rebound in travel and tourism. However, the expected surge in international arrivals did not materialise as quickly as anticipated. Many Asia Pacific countries, which are the primary source marke ... Read More
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Global Overview of Hotels and Restaurants Industry
Global Overview of Hotels and Restaurants Industry The briefing examines how the hotels and restaurants industry is performing globally and in the largest countries in terms of hotels and restaurants output. The report also provides data for production, market size, imports, exports, industry costs, ... Read More
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Lodging (Destination) in Singapore
Lodging (Destination) in Singapore In 2023, the average daily room rate in Singapore, across different hotel tiers, continued to reach an all-time high due to two major reasons, namely the labour shortage and increased demand from Chinese tourists. Singapore was no exception to the enormous global l ... Read More
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Travel in Singapore
Travel in Singapore Singapore continues to recover strongly in 2023. While the travel and tourism industry in Asia Pacific experienced a slow recovery during the early stages of reopening, Singapore has managed to stay ahead. However, the primary inbound source markets, namely China and Indonesia, h ... Read More
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Booking in Singapore
Booking in Singapore Business travel is experiencing a significant rebound in 2023, driven by the recovery of MICE events (Meetings, Incentives, Conferences, and Exhibitions), and complemented by sustainable initiatives. The return of well-known international events in Singapore, including the Food ... Read More
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Tourism Flows in Singapore
Tourism Flows in Singapore While the tourism industry in Asia Pacific was experiencing a slow recovery during the early stages of reopening, Singapore managed to stay ahead. In fact, Singapore welcomed travellers who were completely vaccinated when its border reopened in April 2022. As of the first ... Read More
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Experiential Luxury in Taiwan
Experiential Luxury in Taiwan Consumer demand has been shifting from manufactured goods back towards services. As a result, value sales of experiential luxury increased by 36% to amount to TWD6.3 billion in 2023, boosted by wealthier individuals resuming normal activity, such as travelling and dinin ... Read More
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Experiential Luxury in Singapore
Experiential Luxury in Singapore Tourist visitor levels in Singapore were seen to rebound in 2023, despite global macroeconomic pressures such as high inflation and the rapid escalation of living costs. This represented an improvement on 2021 and 2022, when restrictions related to the pandemic were ... Read More
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The Return of Travel and its Impact on Luggage Recovery
The Return of Travel and its Impact on Luggage Recovery The luggage industry faced significant challenges during the pandemic, with sales plummeting in 2020. As COVID-19 restrictions eased in 2021, travel rebounded, aiding sales recovery. However, factors like inflation, the war in Ukraine, and Chin ... Read More
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Tourism Flows in Egypt
Tourism Flows in Egypt The ongoing Russia invasion of Ukraine has had a global impact, including a direct effect on Egyptian tourism due to a decline in Ukrainian tourist arrivals. Despite this challenge, Egypt's tourism industry has strategically expanded its reach to new source markets while simul ... Read More
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Booking in Egypt
Booking in Egypt The recovery and growth of travel intermediaries in the post-pandemic era have presented unique challenges, but through a series of strategic campaigns and initiatives, the industry has managed to make significant strides. These campaigns, coupled with government resolutions and evo ... Read More
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Travel in Egypt
Travel in Egypt The travel and tourism industry in Egypt has been experiencing a remarkable revival, marked by increased occupancy rates, sustainable tourism initiatives, and the expansion of source markets. Collaborative efforts between the Ministry of Tourism and the UNDP have resulted in the Main ... Read More
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Travel in Saudi Arabia
Travel in Saudi Arabia Travel in Saudi Arabia is performing exceptionally well in 2023, having ranked first among all of the other Arab nations in terms of highest inbound visitors in 2022. Saudi Arabia has also experienced an incredible recovery in the number of airlines passengers, which are even ... Read More
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Lodging (Destination) in Saudi Arabia
Lodging (Destination) in Saudi Arabia Hotels in Saudi Arabia is registering strong year-on-year growth in 2023 with operators benefiting from meeting all of the pent-up demand as international and domestic pilgrims have been allowed to return without any cap. Saudi Arabia was in a better position co ... Read More
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Airlines in Egypt
Airlines in Egypt Egypt's national carrier, Egypt Air, is leading the way in sustainable aviation in Africa by launching its inaugural eco-friendly flight service in 2022. Operating a Boeing 787 from Cairo to Paris, this initiative, known as the Green Flight, is part of the airline's commitment to a ... Read More
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Booking in Saudi Arabia
Booking in Saudi Arabia Ever since the remaining COVID-19 related restrictions have been lifted there has been a strong demand among locals to start travelling again with many people having already gone back to all of their pre-pandemic travelling habits and more. Direct suppliers managed to circumv ... Read More
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Lodging (Destination) in Egypt
Lodging (Destination) in Egypt Egypt's hotel industry has been experiencing dynamic growth, with numerous hotels opening and many more expected to launch in the near future. From IHG Hotels and Resorts' Crown Plaza Hotel in West Cairo's Arkan Sheikh Zayed in February 2022 to Radisson's Marina Resort ... Read More
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Tourism Flows in Saudi Arabia
Tourism Flows in Saudi Arabia Interest in domestic travel continues to grow at an extraordinary rate, with the number of domestic trips more than doubling between 2019 and 2023. Domestic tourism is rapidly growing in popularity driven by the government’s efforts to highlight and promote the importan ... Read More
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Lodging (Destination) in South Korea
Lodging (Destination) in South Korea As in previous years, an increasing number of hotels new to South Korea are emerging. Among them, some are international brands, some are the expansion of established brands, while others are domestic names. Euromonitor International's Lodging (Destination) in So ... Read More
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Tourism Flows in South Korea
Tourism Flows in South Korea In 2022, travel restrictions that the Korean government had introduced as part of pandemic measures were eased for both inbound and outbound travellers in stages, while most countries had removed their stringent travel restrictions due to the waning threat of COVID-19. T ... Read More
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Booking in Peru
Booking in Peru Booking services grew significantly in 2022 and have continued to grow, although to a lesser extent, in 2023. The category has yet to reach the level of sales seen immediately prior to the COVID-19 crisis, although it is close to doing so. Growth has been due to the greater willingne ... Read More
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Travel in Portugal
Travel in Portugal The tourism industry was one of the most affected industries by the COVID-19 pandemic in Portugal. The successive confinements, prohibitions and global restrictions led to the closure of hotels, the suspension of flights and cruise lines. While the industry come to a standstill an ... Read More
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Travel in Peru
Travel in Peru The travel market of Peru has continued to grow in 2023, but to a lesser extent than in 2022. However, it is still a long way from reaching pre-pandemic levels, especially with regard to the arrival of foreign tourists. The main factors that have contributed to the market’s growth hav ... Read More
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Travel in Mexico
Travel in Mexico In 2023, the global travel industry has been experiencing a resurgence as countries have adapted to the post-pandemic landscape. Despite the challenges faced in previous years, Mexico emerged as one of the few countries that remained open to tourists throughout the pandemic, and it ... Read More
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Airlines in Mexico
Airlines in Mexico The Mexican travel industry has demonstrated a remarkable resurgence, including airlines, with regional routes and connectivity playing a crucial part in recovery and growth. A significant topic of discussion within the industry revolves around the capacity of airports to manage t ... Read More
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