Travel and Tourism Industry Business Outlook and Procurement Report H1 2016: Market size, trend analysis, Growth
Amid growing market uncertainty, increasing costs, and rising competition, organizations within the travel and tourism industry are planning to increase focus on improving operational efficiency and sustainability initiatives, and expansion in the current market. Mergers and acquisitions are expected to increase within the travel and tourism industry with emerging markets such as China, India, and Russia offering prominent growth opportunities. As organizations intend to increase their use of technology, and concentrate on internal operating cost reductions in H1 2016, procurement activities will increase on IT services and MRO activities. Consequently, procurement expenditure for travel and tourism organizations is projected to increase by an average of 5.9% over the next six months. Additionally, 58% of travel and tourism industry executives expect supplier prices to increase in the next six months and over one-fifth of travel and tourism industry executives highlighted limited or generalized deployment of e-procurement within their organizations.
Download free Sample PDF report with TOC: http://www.researchmoz.us/enquiry.php?type=S&repid=727455
Key Findings
The majority of travel and tourism executives highlight improving operational efficiency and expansion in current market as key priorities for H1 2016
The highest percentage of respondents expect the UK to provide significant growth opportunities during the next six months
Globally, the highest percentage of executives expect an increase in merger and acquisition activity in H1 2016
The majority of executives across small and medium-sized companies expect more capital expenditure on IT infrastructure development in the next six months
In total, 32% of respondents expect the global procurement budget to remain within the US$250,000 range during H1 2016
Overall, 22% of respondents indicated limited or generalized deployment of e-procurement within their organizations
Synopsis
Canadean’s Travel and Tourism Industry Business Outlook and Procurement Report H1 2016 examines executives’ opinion on the business outlook and procurement activities over April–September 2016. Organizations can know about key business priorities, supplier price variations, changes in procurement expenditure, and supplier prices with the implementation status of e-procurement within the travel and tourism industry. Additionally, it provides information categorized by region and company type.
Read All Travel Services Market Research Reports @ http://www.researchmoz.us/travel-services-market-reports-154.html
Table of Contents
Introduction
Definitions
Methodology and sample size
Respondent profile
Global Business Outlook in H1 2016
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
About ResearchMoz
ResearchMoz is the world's fastest growing collection of market research reports worldwide. Our database is composed of current market studies from over 100 featured publishers worldwide. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. ResearchMoz's service portfolio also includes value-added services such as market research customization, competitive landscaping, and in-depth surveys, delivered by a team of experienced Research Coordinators.
Contact Us:
Mr. Nachiket
Albany NY - 12207
United States
Tel: +1-518-621-2074
Tel: 866-997-4948 (Us-Canada Toll Free)
Email: sales@researchmoz.us
Follow us on LinkedIn at: http://bit.ly/1TBmnVG