International Luxury Travel Market Cannes, France December 8, 2003
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International Luxury Travel Market Cannes, France December 8, 2003. The Perfect Storm. WTTC’s 2002 Tourism Satellite Accounting Research. WTTC’s 2003 Tourism Satellite Accounting Research. Base Case & Pessimistic War Scenario. Components of Travel & Tourism Demand. World - Personal T&T. - PowerPoint PPT Presentation
Transcript of International Luxury Travel Market Cannes, France December 8, 2003
International LuxuryTravel Market
Cannes, FranceDecember 8, 2003
The PerfectStorm
WTTC’s 2002Tourism Satellite Accounting
Research
WTTC’s 2003Tourism Satellite Accounting
Research
Base Case & Pessimistic War Scenario
Components of Travel & Tourism Demand
2003 Travel & Tourism Spending by Visitors
US$ 2.1 Trillion in 2003 9.9% of Total Personal
Consumption in Year 2003 2.2% Real Growth in 2003 4.8% Real Growth in 2004 3.7% Real Growth per annum
(2004-2013)
World - Personal T&T
2003 T&T Spending by Companies and Government Agencies
US$ 489 Billion in 2003US$ 423 Bn CorporateUS$ 66 Bn Government
0.6% Real Growth in 2003 4.8% Real Growth in 2004 3.7% Real Growth per
annum (2004-2013)
World - Business Travel
2003 Government Travel & Tourism
Services Provided to Individual Visitors and the Community-at-large
US$ 224 Billion in 2003 3.9% of Total Government
Expenditures in 2003 2.8% Real Growth in 2003 3.0% Real Growth in 2004 3.0% Real Growth per annum
(2004-2013)
World - Gov’t T&T Expenditures
2003 T&T Facilities, Equipment and Infrastructure by Public and Private Sectors
US$ 686 Billion in 2003 9.6% of Total Capital
Investment in 2003 2.8% Real Growth in 2003 3.9% Real Growth in 2004 4.3% Real Growth per annum
(2004-2013)
World - T&T Capital Investment
2003 T&T Spending by Inbound
Visitors US$ 531 Billion in 2003 5.9% of Total Exports in
2003 3.0% Real Growth in 2003 10.7% Real Growth in 2004 7.1% Real Growth per annum
(2004-2013)
World - Visitor Exports
2003 Consumer and Capital Goods Exported for Visitors and Travel & Tourism Companies
US$ 479 Billion in 2003 5.3% of Total Exports in
2003 8.9% Real Growth in 2003 8.9% Real Growth in 2004 7.2% Real Growth per annum
(2004-2013)
World - Other T&T Exports
Perspectives of Travel &
Tourism Supply / Production
Consumption = Travel & Tourism Industry
Demand = Travel & Tourism Economy
2003 Travel & Tourism GDP Associated with Visitor Consumption (Direct)
US$ 1.3 Trillion in 2003 3.7% of Total Gross Domestic
Production in 2003 1.1% Real Growth in 2003 4.8% Real Growth in 2004 3.6% Real Growth per annum
(2004-2013)
World - T&T Industry GDP
2003 Travel & Tourism GDP Associated with T&T Demand (Direct and Indirect)
US$ 3.5 Trillion in 2003 10.2% of Total Gross
Domestic Production in 2003
2.0% Real Growth in 2003 4.8% Real Growth in 2004 3.9% Real Growth per
annum (2004-2013)
World - T&T Economy* GDP
*WTTC Concept
2003 Travel & Tourism
Employment assoc. with Visitor Consumption (Direct)
67.4 Million Jobs in 2003 2.6% of Total Employment
in 2003 0.1% Real Growth in 2003 2.2% Real Growth per
annum (2004-2013)
World - T&T Industry Employment
2003 Travel & Tourism
Employment assoc. with T&T Demand (Direct and Indirect)
195 Million Jobs in 2003 7.6% of Total Employment
in 2003 1.5% Real Loss in 2003 2.4% Real Growth per
annum (2004-2013)
World - T&T Economy* Employment
*WTTC Concept
Regional and National
Perspectives
T&T Economy GDP
0%
5%
10%
15%
20%
0% 2% 4% 6% 8% 10%
North America
European Union
Northeast Asia
Other Western Europe
Latin America
Central and Eastern Europe
Oceania
Southeast AsiaMiddle East
South Asia
North Africa
Caribbean
Sub-Saharan Africa
T&T Economy GDP Growth 2004 -2013(Percent Annualized)
2003
T&
T E
cono
my
GD
P(P
erce
nt o
f Tot
al)
World Average
T&T Economy GDP
North America
European Union
Northeast Asia
Other Western Europe
Latin America
Central and Eastern Europe
Oceania
Southeast AsiaMiddle East
South Asia
North Africa
Caribbean
Sub-Saharan Africa
Size Represents 2003 US$
T&T Economy GDP
North America
European Union
Northeast Asia
Other Western Europe
Latin America
Central and Eastern Europe
Oceania
Southeast AsiaMiddle East
South Asia
North Africa
Caribbean
Sub-Saharan Africa
Top = High % of GDPBottom = Low % of GDP
Hig
h %
of G
DP
Low
% o
f GD
P
T&T Economy GDP
North America
European Union
Northeast Asia
Other Western Europe
Latin America
Central and Eastern Europe
Oceania
Southeast AsiaMiddle East
South Asia
North Africa
Caribbean
Sub-Saharan Africa
Left = Slow GrowthRight = Fast Growth
Slow Growth Fast Growth
T&T Demand
1 Angola 9.52 Mexico 9.53 Turkey 9.24 China 8.95 India 8.86 Botswana 8.57 Laos 8.48 Malaysia 8.29 Hong Kong 8.110 Vanuatu 7.8
WTTC’s Top Ten Industry Growers(2004-2013 Annualized Real Growth,
Percent)
T&T Capital Investment
0%
5%
10%
15%
20%
25%
0% 2% 4% 6% 8%
North America
European Union
Northeast Asia
Other Western Europe
Latin AmericaCentral and Eastern Europe
Oceania
Southeast Asia
Middle East
South Asia
North Africa
Caribbean
Sub-Saharan Africa
2003
T&
T C
apita
l Inv
estm
ent
(Per
cent
of T
otal
)
T&T Capital Investment Growth 2003 -2013 (Percent Annualized)
World Average
T&T Capital Investment
1 Mexico 10.52 Turkey 8.53 Finland 8.04 China 8.05 Argentina 7.76 Malaysia 7.67 India 7.58 Singapore 7.49 Chinese Taipei 6.910 Hong Kong 6.8
WTTC’s Top Ten Investors(2004-2013 Annualized Real Growth,
Percent)
Travel & Tourism: Resilient and Renewable
