OREANDA-NEWS. RnR Market Research Offers Report by Research on Travel and Tourism in France to 2020

Summary

France's tourism sector registered growth in 2015, driven by the cheaper Euro and relaxed visa policies, which attracted key markets to the country. Outbound tourism in France increased to 28.7 million in 2015. The country's economy is expected to grow as the 2016 Euro event is projected to attract almost 2.5 million football fans from all over the world.

Key Findings

  • Inbound tourism in France registered growth during 2010-2015, with trips increasing from 77.6 million in 2010 to 91.3 million in 2015. The growth was largely driven by the cheaper Euro and France's efforts to attract tourists by easing visa policies (by reducing visa issuance process to 48 hours for China and India). Moreover, the country hosted Euro 2016 and attracted an estimated 2.5 million tourists, fueling the growth of inbound tourism in 2016. After declining in 2013 and 2014 due to the struggling economy, domestic trips posted growth in 2015 and reached 203 million. Outbound trips totaled 28.7 million in 2015 with most to neighboring countries. Over the forecast period, outbound trips are projected to reach 33 million by 2020. With the launch of new airline routes over the forecast period, inbound trips are projected to reach 110.8 million by 2020. Domestic trips are expected to reach 239 million by 2020.
  • The November 2015 terror attack in Paris has caused hoteliers in the capital to lose revenue up to €270 million (US$299.9 million). Moreover, following the attack and low demand, Japan airlines decided to cancel its flights between Narita and Paris from January 12 to the end of February; this was extended until March 15. The Eiffel Tower also recorded a decrease in the number of tourists from 7.1 million in 2014 to 6.9 million in 2015
  • According to UFC Que Choisir, a French consumer group, the average hotel room prices in cities such as Marseille, Lille, and Toulouse, which hosted Euro 2016 matches, were reported to have increased by 80%. Moreover, home rental services hiked their prices by 54% during the tournament (June 10 to July 10). As there are many options for short-term rentals in Paris, an increase of only 12% was recorded in the capital city with almost 88% of occupancy rate

Synopsis

Canadean's report - Travel and Tourism in France to 2020 - provides detailed information on the country's tourism sector, analyzing market data and providing insights. This report provides a better understanding of tourism flows, expenditure, and the airline, hotel, car rental, and travel intermediaries industries.

What else does this report offer?

  • Historic and forecast tourist volumes covering the entire French Travel and Tourism sector
  • Detailed analysis of tourist spending patterns for various categories, such as accommodation, sightseeing entertainment, foodservice, transportation, retail, travel intermediaries, and others
  • Analysis of trips by purpose and mode of transport, and expenditure across various categories including domestic, inbound, and outbound tourism, with analysis using similar metrics
  • Analysis of the airline, hotel, car rental, and travel intermediaries industries by customer type - leisure and business travelers.

Reasons To Buy

  • Make strategic business decisions using historic and forecast market data related to France's Travel and Tourism sector
  • Understand the demand-side dynamics within the industry to identify key market trends and growth opportunities
  • Direct promotional efforts on the most promising markets by identifying the key source and destination countries