Hospitality Leaders Hospitality Leaders Menu 0
Google Translate
Hospitality Industry News, Tourism News

Travel and Tourism in France, Key Trends and Opportunities to 2016

Profile Photo By: H L
July 4, 2013

Travel and Tourism in France, Key Trends and Opportunities to 2016

Chateau Sully-sur-Loire, Loire Valley, France, UNESCO
Chateau Sully-sur-Loire, Loire Valley, France, UNESCO

The report provides comprehensive and in-depth market analysis, information and insights, including:
– Historic and forecast market sizes covering the entire French travel and tourism industry
– Detailed analysis of tourist spending patterns in France
– Descriptions and market outlooks for various sectors in the French tourism industry, such as air transportation, car rental, rail transportation, cruise, hotel accommodation and travel intermediaries
– Detailed market classification across each sector, with analysis using metrics pertaining to the demand and supply side of the French tourism industry with special focus on standard industry metrics

Summary
According to the Travel and Tourism Competitive Index, France was ranked the third most attractive destination in the world to develop travel and tourism business in 2011. The French travel and tourism sector accounted for 3.6% of the nation?s GDP in 2011, and 4.2% of the country?s total employment. The total tourist volume in France, including inbound, domestic and outbound, declined during the review period (2007?2011). The main reasons for this decline include stagnated economic?growth, job losses, significant reductions in corporate travel budgets and rising fuel prices. However, tourist volume registered positive growth in 2011, due to a rebound in the global economy, which led to an increase in inbound arrivals. Since the 1990s, France has continued to be the world?s leading tourist destination and in 2011, the country registered over 79 million international arrivals.

Scope
This report provides an extensive analysis of the travel and tourism market in France:
– It details historical values for France?s travel and tourism industry for 2007?2011, along with forecast figures for 2012?2016
– It provides comprehensive analysis of the overall travel and tourism market, as well as individual category values for both the 2007?2011 review period and the 2012?2016 forecast period
– The report makes a detailed analysis and projection of tourist spending in France
– The report profiles the top travel and tourism companies in France

Key Highlights
– Total tourist volume in France, including inbound, domestic and outbound, declined at a compound annual growth rate (CAGR) of -1.58% during the review period (2007?2011). The main reasons for this decline include stagnated economic growth, job losses, significant reductions in corporate travel budgets and rising fuel prices. However, tourist volume registered positive growth in 2011, due to a rebound in the global economy, which led to an increase in inbound arrivals.
– Since the 1990s, France has continued to be the world?s leading tourist destination and in 2011, the country registered over 79 million international arrivals.
– Tourism revenues reached US$45 billion in 2011, which is the third-largest income generated from tourism globally after the US and Spain.
– Paris is the leading city for MICE tourism in the world representing a 3% share of the market. Every year around 400 conferences, 400 trade fairs and other events are held in Paris attracting 10 million visitors and 100,000 exhibiting enterprises, making it the leading centre for international conferences globally.
– France is the fifth largest cruise market in Europe.

Click here to read more.

Source Research and Markets

Suggested news

all access

Get full access to the hospitality industry news.

Sign up now. It’s free
Or import your details from