CHICAGO, ILLINOIS--(Marketwired - Oct. 8, 2013) - The WTM Global Trends Report, in association with Euromonitor International, has a long standing history of accurately predicting trends set to impact the travel and tourism industry.
The launch of the WTM Global Trends Report 2013 takes place on Monday, November 4 at World Travel Market, where the next key industry trends will be shared with the international media.
Launched last year at World Travel Market, the WTM Global Trends Report 2012 correctly predicted some significant trends in the travel and tourism industry.
BRICs' grand shopping tour of Europe
The Global Trends Report 2012 predicted that inbound tourism from BRIC nations (Brazil, Russia, India and China) would experience incredible growth in Europe. Newly released data by Euromonitor International confirmed this prediction. Croatia experienced 93% growth in arrivals from China and 40% from Brazil in 2012. Cyprus recorded 42% growth in arrivals from Russia, while arrivals from India to the Netherlands increased by 18%. European governments are slowly realising the importance of attracting more tourists from the BRIC countries.
For example, the UK Home Office recently announced plans to introduce a guidance leaflet in Mandarin and a debate has started about the possibility of easing the visa processing system.
Hotels are also looking at the BRIC countries to boost their revenues. According to a recent survey by Hotels.com, about a quarter of hoteliers offered cultural awareness training to staff. As predicted by the Global Trends Report 2012, not only travel players but also retailers are benefiting from BRIC arrivals. For example, spending by tourists at retail outlets within Heathrow Airport from the BRIC countries increased by 18% in 2012.
Digital Detox at Hotels
The 2012 Global Trends Report highlighted digital detox at hotels as a key trend to watch. With the growing penetration of smartphones, tablets and smaller laptops, consumers are addicted to their devices and as a result, hotels now offer digital detox holidays. Digital detox packages are flourishing around the world including the Grand Cayman Marriott Beach Resort, the Echo Valley Ranch, the Palm Island exclusive private island resort and the Monaco Chicago in Downtown Chicago. More and more options are available for those seeking to unplug: wallpaper blocking Wi-Fi, Internet-free holidays, excursions by non-motorized transport and software forcing tourists off addictive sites.
The WTM Global Trends Report 2012 also correctly predicted that Nollywood, the world's second largest film industry in volume terms after Bollywood in India and ahead of Hollywood in the US, would help boost tourism in Nigeria. In the report, Euromonitor highlighted that Nollywood is changing stereotypes about Nigeria, by showing its culture, norms, creativity and hospitality, attracting domestic and regional African tourists to Nigeria. This is confirmed by recently published Euromonitor data showing inbound arrivals to Nigeria increased by 2% last year and is forecasted to grow by 3% by 2017.
Mr. Tomi Akingbogun, the president of the Federation of Tourism Association of Nigeria, recently described tourism in Nigeria as globally competitive. At Nollywood's 20th anniversary, President of Nigeria Goodluck Jonathan announced the Federal Government will give Nigeria's film industry a grant of N3 billion and acknowledged the important role Nollywood plays in promoting the brand image of Nigeria both within and outside the continent.
Reed Travel Exhibitions, Director, World Travel Market Simon Press said: "The WTM Global Trends Report is one of the travel and tourism industry's most anticipated reports due to its high success rate at predicting trends for the sector.
"Last year's report was no exception with a number of the trends coming to fruition, including the BRICS' Grand Shopping Tour of Europe, Digital Detox at Hotels and Destination Nollywood."
Notes for editors:
The results of the WTM Global Trends Report 2013 will be launched at a press conference for the world's media at World Travel Market on Monday 4 November at 1 pm, Platinum Suite 5&6 at Excel Centre in London.
A session for WTM exhibitors and visitors takes place on Tuesday 5 November at 2 pm, South Gallery Rooms 15 & 16.
About Euromonitor International
Euromonitor International is the world's leading provider for global business intelligence and strategic market analysis. We have more than 40 years of experience publishing international market reports, business reference books and online databases on consumer markets.
We deliver market research solutions to support strategic planning for today's increasingly international business environment. Our research offers in-depth market analysis on consumer goods and services industries worldwide, as well as economic, demographic and socio-economic data and insight on countries and consumers.
Euromonitor International is headquartered in London, with regional offices in Chicago, Singapore, Shanghai, Vilnius, Sao Paulo, Santiago, Dubai, Cape Town, Tokyo, Sydney and Bangalore, and has a network of over 800 analysts worldwide.
About World Travel Market
World Travel Market, the leading global event for the travel industry, is the must-attend four-day business-to-business exhibition for the worldwide travel and tourism industry.
Almost 48,000 senior travel industry professionals, government ministers and international press, embark on ExCeL - London every November to network, negotiate and discover the latest industry opinion and trends at WTM.
WTM is owned by the world's leading events organiser Reed Exhibitions (RE), which organises a portfolio of other travel industry events including Arabian Travel Market and International Luxury Travel Market.
In 2010, RE held more than 460 events in 36 countries bringing together more than seven million people from around the world generating billions of dollars in business.