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Click here to continue > INDEX INDEX E X ECUTIVE analysis I N T RODUC TION C ATEGORY-SPECIFIC TRENDS AND 201 1 FO R E C A S T convey Hotel Meetings CarRental Rail 3 7 9 9 22 27 29 30 A P PENDIX regionalCostperMileYOY HistoricalADR growingYOY(KeyMarkets) HistoricalADRDevelopmentQuarterly(MajorCities) 32 33 38 42 M E THODOLOGY 45 2 | 2011 Industry Forecast © 2010 by Advito. All rights reserved INDEX E X ECU T I V E SUMMARY The setting General economic observation tower According to the October 2010 World Economic Outlook from the International financial Fund, global economic output will grow 4.2 per centum in 2011, compared with expect final growth of 4.8 percent for 2010. The sum of money figure for 2011 masks a major disparity in the prospects of advance nations (up 2.2 percent) and emerging/developing nations (up 6.4 percent). On a much confirming note, the IMF states: The probability of a sharp global slowdown, including stagnation or contraction in go economies, is still low. Also, at cartridge clip of writing, there are no known major medical, governmental or security risks threatening the business travel merchandise for 2011.

General travel outlook demand With travel good deals influenced much strongly by GDP performance than any some other factor, the outlook for 2011 is therefore extremely finely balanced. The forecasted growth for advanced nations is weak given that they are attempting to recover from the worst recessional since World War II. It suggests short-haul demand within these markets will stop sluggish. On the other hand, travel to and within other regions, close to notably Asia-Pacific, is buoyant, and will be the key driver of volume growth for the year ahead. Overall, demand can be expected to continue growing, but by single-digit rather than double-digit percentages. General travel outlook price The pricing outlook is even more finely poised. Growing demand and an increasing proportion of long-haul trips will... If you penury to get a full essay, order it on our website: Orderessay

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