Follow on Google News News By Tag * Tourism * Passenger * Arrivals * Nights * Tourist * Blue * Airline * Romanian * Hospitality * Visitors * More Tags... Industry News News By Place Country(s) Industry News
Follow on Google News | Market Report, "Romania Tourism Report Q1 2011", publishedNew Consumer Goods market report from Business Monitor International: "Romania Tourism Report Q1 2011"
Hospitality Figures for January-August 2010 record an overall deterioration in the hospitality sector in recent months, mainly due to poor domestic tourism, while foreign tourism is in recovery mode. The total number of tourist nights in all accommodation establishments fell by 11% y-o-y, with nights by domestic tourists down a sizeable 13% y-o-y. By contrast, foreign tourist nights rose 2.3% y-o-y and accounted for 17% of total overnight stays during the period. In August, foreign tourist nights were also up a healthy 7%, compared with the same month a year earlier (domestic tourist nights though fell almost 18% y-o-y). Forecast Scenario We continue to expect a slight recovery in foreign visitor arrivals to Romania in 2010 but have edged down our forecast this quarter to annual growth of 1.5%. Stronger recovery in arrivals is anticipated from 2011, as economic conditions improve in the country's most important source markets. Economic growth in the key source region, the eurozone, has been revised to 1.5% in both 2010 and 2011, picking up in 2012. In Hungary, meanwhile, an important source market, relatively strong economic recovery (2.3% growth) is not expected until 2011. Concerning the leu, weakness of the currency against the euro in 2010 has helped the recovery in foreign tourism, and we do not see scope for a firm leu rally through the near term. Over the longer term, however, BMI forecasts an appreciation trend from 2011, which could constrain the growth of foreign tourism over the forecast period. Bucharest Henri Coanda International Airport In the wake of a sharp fall in passenger numbers at Romania's largest airport, Bucharest Henri Coanda International Airport (BHCIA), in 2009, latest data for H110 show a favourable rebound, with passenger traffic up 10% y-o-y. Of the passengers who boarded at the airport, 65% travelled to Schengen destinations. Tarom In September 2010, the Romanian national flag carrier Tarom announced the launch of a branding campaign as part of its new promotional strategy. This follows Tarom's full membership of the global SkyTeam airline alliance in June. During the winter schedule (December to March) 2010/2011, the airline will commence a service between Bucharest and Salzburg. In the first seven months of 2010 there was a buoyant increase of just under 25% y-o-y in the number of Tarom passengers, with the company expecting a 20% increase in August, compared with the same month in 2009. Wizz Air In December 2010, Hungarian low-cost carrier Wizz Air added a fifth aircraft to its Bucharest operating base and increased frequencies on many of its popular routes: Barcelona (Spain), Milan Bergamo, Rome Ciampino, Catania, Naples (Italy), Paris Beauvais (France), Brussels Charleroi (Belgium), London Luton (UK), Madrid and Valencia (Spain), as well as launching a new route to Larnaca (Cyprus). In summer 2011, a new service to Malaga (Spain) will also be launched. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: Executive Summary SWOT Analysis - Romania Tourism Industry SWOT - Romania Political SWOT - Romania Economic SWOT - Romania Business Environment SWOT Industry Forecast Scenario - Arrivals - Table: Arrivals Data, 2007-2014 - Accommodation - Table: Accommodation Data, 2007-2014 - Expenditure - Table: Tourism Expenditure & Economic Impact, 2007-2014 - Inbound Tourism - Table: Inbound Tourism Data, 2007-2014 - Outbound Tourism - Table: Outbound Tourism Data, 2007-2014 - Table: Resident Departures By Destination Country, 2007-2014 ('000) Market Overview - Travel - Commercial Airlines - Global Oil Products Price Outlook - Table: Oil Products Price Assumptions, 2010 (US$/bbl) - Table: Oil Product Price Forecasts, 2008-2015 (US$/bbl) Market Overview - Hospitality - Table: Key Players In The Romanian Hotel Industry - Accommodation Developments - Infrastructure Business Environment Outlook - Table: Central And Eastern Europe Travel And Tourism Business Environment Ratings - BMI's Security Ratings - Table: Europe Security Risk Ratings - Table: Europe State Terrorism Vulnerability To Terrorism Index - Romania's Security Risk Ratings - Central And Eastern Europe Security Overview Global Assumptions - Table: Global Assumptions, 2009-2014 - Table: Global And Regional Real GDP Growth And Exchange Rates, 2009-2012 - Table: BMI And Consensus Forecasts, 2010-2011 (%) - Table: Developed States Real GDP Growth Forecasts, 2009-2012 (%) - Table: Emerging Markets Aggregate Growth, 2009-2012 (%) Company Profiles - Austrian Airlines - Hilton Worldwide - SIF Transilvania - Tarom - Unita Turism Holding BMI Methodology - How We Generate Our Industry Forecasts - Tourism Industry - Tourism Ratings - Methodology - Table: Tourism Business Environment Indicators - Table: Weighting of Components - Sources About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|