The report provides detailed market analysis, information and insights, including:
- Historic and forecast tourist volumes covering the entire US travel and tourism sector
- Detailed analysis of tourist spending patterns in the US
- The total, direct and indirect tourism output generated by each category within the US travel and tourism sector
- Employment and salary trends for various categories in the US travel and tourism sector, such as accommodation, sightseeing and entertainment, foodservice, transportation, retail, travel intermediaries and others
- Detailed market classification across each category, with analysis using similar metrics
- Detailed analysis of the airline, hotel, car rental and travel intermediaries industries
Executive summary
The global economic downturn led to a deceleration in growth in the US travel and tourism sector in 2009, with a 3.30% decline in domestic tourist volumes and a 5.27% decline in inbound tourist volumes. However, economic recovery in 2010 resulted in a return to growth in both markets, enabling the sector to register positive growth during the review period. Stable economic growth, increasing business activities, increased government expenditure on tourism and initiatives to promote tourism will be the key growth drivers over the forecast period.
Scope
This report provides an extensive analysis related to tourism demands and flows in the US:
- It details historical values for the US tourism sector for 2008–2012, along with forecast figures for 2013–2017
- It provides comprehensive analysis of travel and tourism demand factors with values for both the 2008–2012 review period and the 2013–2017 forecast period
- The report provides a detailed analysis and forecast of domestic, inbound and outbound tourist flows in the US
- It provides employment and salary trends for various categories of the travel and tourism sector
- It provides comprehensive analysis of the trends in the airline, hotel, car rental and travel intermediaries industries with values for both the 2008–2012 review period and the 2013–2017 forecast period
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Reasons to buy
- Take strategic business decisions using historic and forecast market data related to the US travel and tourism sector
- Understand the demand-side dynamics within the US travel and tourism sector, along with key market trends and growth opportunities
- Identify the spending patterns of domestic, inbound and outbound tourists by individual categories
- Analyze key employment and compensation data related to the travel and tourism sector in the US
Key highlights
- Based on Timetric’s current forecast, real GDP in the US is expected to grow by 2.1% in 2013 before strengthening to 3.0% in 2014, fuelled by growth in investment and exports on the back of recovery in global demand. Timetric expects the economy to post an average growth of 2.8% between 2015 and 2017, led by robust domestic demand and improved exports.
- According to the United Nations World Tourism Organization (UNWTO, the US received the second-highest volume of inbound tourist arrivals in the world in 2012, with 66.6 million inbound tourist arrivals in the country. In addition to that, the US was the number one destination in terms of tourist expenditure, which amounted to US$160.29 billion in 2012.
- The number of domestic trips in the US increased from 1.96 billion in 2008 to 2.03 billion in 2012, at a review-period CAGR of 0.82%. Over the forecast period, the number of domestic trips is set to grow at a CAGR of 1.58% to reach 2.19 billion by 2017, driven by improved consumer confidence, rising employment rates, the willingness of high-net-worth individuals to invest in travel and tourism, mobile applications and an increase in business travel.
- Emerging economies are expected to fuel forecast-period growth in inbound tourist volumes. According to data published by the U.S Department of Commerce, the countries with the largest increase in tourist volumes in 2012 were China (35%), Colombia (21%), Venezuela and Argentina (20%), and Brazil (19%).
Table of contents
1 Executive Summary
2 Market Overview
2.2.1 Strengths
2.2.2 Weaknesses
2.2.3 Opportunities
2.2.4 Threats
3 Tourism Flows
3.1.1 Performance outlook
3.1.2 Key issues and trends
3.2.1 Performance outlook
3.2.2 Key issues and trends
3.3.1 Performance outlook
3.3.2 Key issues and trends
4 Airlines
5 Hotels
6 Car Rental
7 Travel Intermediaries
8 Tourism Board Profile
9 Airport Profiles
9.1.1 Overview
9.1.2 Operator profile
9.1.3 Routes
10 Company Profiles – Airlines
10.1.1 Delta Air Lines, Inc. – company overview
10.1.2 Delta Air Lines, Inc. – business description
10.1.3 Delta Air Lines, Inc. – main services and brands
10.1.4 Delta Air Lines, Inc. – history
10.1.5 Delta Air Lines, Inc. – SWOT analysis
10.1.6 Delta Air Lines, Inc. – strengths
10.1.7 Delta Air Lines, Inc. – weaknesses
10.1.8 Delta Air Lines, Inc. – opportunities
10.1.9 Delta Air Lines, Inc. – threats
10.1.10 Delta Air Lines, Inc. – key competitors
10.1.11 Delta Air Lines, Inc. – key employees
10.2.1 United Airlines, Inc. – company overview
10.2.2 United Airlines, Inc. – main services
10.2.3 United Airlines, Inc. – key competitors
11 Company Profiles – HOTELS
11.1.1 St. Regis Hotels and Resorts – company overview
11.1.2 St. Regis Hotels and Resorts – main services
11.1.3 St. Regis Hotels and Resorts – key competitors
11.1.4 St. Regis Hotels and Resorts – key employees
11.2.1 Trump Hotel Collection – company overview
11.2.2 Trump Hotel Collection – main services
11.2.3 Trump Hotel Collection – key competitors
11.2.4 Trump Hotel Collection – key employees
11.3.1 Hilton Worldwide, Inc. – company overview
11.3.2 Hilton Worldwide, Inc. – business description
11.3.3 Hilton Worldwide, Inc. – main services and brands
12 Company Profiles – Car Rental
12.1.1 The Hertz Corporation – company overview
12.1.2 The Hertz Corporation – main services
12.1.3 The Hertz Corporation – key competitors
12.1.4 The Hertz Corporation – key employees
12.2.1 Enterprise Rent-A-Car Company – company overview
12.2.2 Enterprise Rent-A-Car Company – business description
12.2.3 Enterprise Rent-A-Car Company – main services
12.2.4 Enterprise Rent-A-Car Company – history
12.2.5 Enterprise Rent-A-Car Company – SWOT analysis
12.2.6 Enterprise Rent-A-Car Company – strengths
12.2.7 Enterprise Rent-A-Car Company – weaknesses
13 Company Profiles – Travel Intermediaries
13.1.1 Expedia, Inc. – company overview
13.1.2 Expedia, Inc. – business description
13.1.3 Expedia, Inc. – main services and brands
13.1.4 Expedia, Inc. – history
13.1.5 Expedia, Inc. – SWOT analysis
13.1.6 Expedia, Inc. – strengths
13.1.7 Expedia, Inc. – weaknesses
13.1.8 Expedia, Inc. – opportunities
13.1.9 Expedia, Inc. – threats
13.1.10 Expedia, Inc. – key competitors
14 Market Data Analysis
14.1.1 Total tourism output
14.1.2 Direct tourism output
14.1.3 Indirect tourism output
14.1.4 Tourism output per employee
14.1.5 Direct tourism output per employee
14.1.6 Indirect tourism output per employee
14.2.1 Total tourism employment
14.2.2 Direct tourism employment
14.2.3 Indirect tourism employment
14.2.4 Tourism employee compensation
15 Appendix
Table 1: The US – Tourist Arrivals from Top10 Countries (Thousand), 2008–2017
Table 2: The US – Tourist Departures to Top10 Countries (Thousand), 2008–2017
Table 3: Office of Travel and Tourism Industries (OTTI) – Key Facts and Locations
Table 4: Hartsfield-Jackson Atlanta International Airport − Overview
Table 5: O\'Hare International Airport − Overview
Table 6: Los Angeles International Airport − Overview
Table 7: Dallas/Fort Worth International Airport − Overview
Table 8: Miami International Airport − Overview
Table 9: Delta Air Lines, Inc., Key Facts
Table 10: Delta Air Lines, Inc., Main Services and Brands
Figure 1: The US – Tourism Expenditure (US$ Million), 2008–2017
Figure 2: The US – Key Ratios (%), 2008–2017
Figure 3: The US – Economic Outlook, 2007–2017
Figure 4: SWOT Analysis of the Travel and Tourism Sector in the US
Figure 5: The US – Population (Million), 2003–2017
Figure 6: The US – Domestic Tourism Expenditure (US$ Billion), 2008–2017
Figure 7: The US – International Arrivals by Purpose of Visit (Thousand), 2008–2017
Figure 8: The US – International Departures by Destination (Thousand), 2008–2017
Figure 9: The US – Seats Sold vs Seats Available (Million), 2008–2017
Figure 10: The US – Available Passenger Kilometers (Billion), 2008–2017
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