US Tourism Jun 2010 - Industry Report - Hospitality &...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
http://webreports.mergent.com Industry Report - Hospitality & Tourism - June 2010 A Company and Industry Analysis June 2010 CONTENTS Current Environment – US • Sector Overview • Sector Performance • Leading Players • Mergers and Acquisitions Current Environment – Canada • Sector Overview • Sector Performance • Leading Players Industry Profle – US • Industry Size and Value • Inbound Travel • Outbound Travel • Sector Employment • Industry Focus • Policy and Regulatory Environment Industry Profle – Canada • Industry Size and Value • Inbound Travel • Outbound Travel • Sector Employment • Government Investment Market Trends and Outlook – US • Boutique Hotels Gain Popularity • Bleisure Travel a Growing Trend • Market Outlook Market Trends and Outlook – Canada • Canada’s Travel Industry Embraces Green Tourism • Hotel Investment Endures Recession Aftershock • Market Outlook Currency Conversion Table The Scope of this Report Key References Comparative Data Reports Coverage Current Environment – Key Points • In the second half of 2009, the poor economic environment continued to weigh on leading hospitality and tourism companies, with rays of hope only emerging in the ±nal month of the year. • In the six months ended February 26, 2010, most leading companies reported positive results and earnings, leading to improved performances in company stock prices. • Most M&A activity in the hospitality and tourism industry centered on domestic travel. • As the economy improved, the hospitality and tourism industry in Canada began to stabilize in the second half of 2009, with the hotel segment performing better than in other countries, notably the US. • In the six-month period from September 1, 2009, to February 26, 2010, major leading hospitality and tourism companies reported favorable earnings, which boosted their share prices. Industry Profle – Key Points • The US travel industry serves millions of international and domestic tourists, generating US$1.25 trillion in sales in 2009, comprising US$708 billion from direct and US$544 billion from indirect sales. • On March 4, 2010, the Travel Promotion Act, the US’ ±rst national travel promotion law, was signed into law to attract more international visitors and help explain changing travel security policies. • Statistics Canada estimates tourism spending in Canada fell 1% to C$16.51 billion (US$15.63 billion) in the fourth quarter of 2009, compared with C$16.68 billion (US$15.79 billion) in the fourth quarter of 2008, driven by economic recession. • Canada’s Ministry of Industry announced further investment for the industry under the Infrastructure Stimulus Fund of Canada’s EconomicAction Plan to stimulate Canada’s economy during the global recession.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/27/2012 for the course CHINESE 10 taught by Professor Staff during the Spring '08 term at University of California, Berkeley.

Page1 / 36

US Tourism Jun 2010 - Industry Report - Hospitality &...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online