Page 27 - WTM Cities Report

Travel landscape: Geopolitics dampens performance
The performance of the travel industry in Europe has been hampered by several events
in recent years, including the Eurozone crisis, Brexit, the migrant crisis and terrorist attacks in a number of countries. All these developments lead to uncertainty in their own way, resulting in dampened performance.
Despite the uncertainty—or perhaps because of uncertainty—low-cost carriers have been performing well. Strong load factors, ongoing eet modernisation, aggressive route networks, seat capacity expansion and improved customer service have been major factors behind the strong performance of the low-cost segment
in Europe.
Source: Euromonitor International
Note: Inbound Arrivals and Outbound Departures are in volume (trips), while all other categories are in value (USD, xed 2016 exchange rate).
Inbound Performance 2010–2020
ANGELS AND EU-NICORNS
18% 16% 14% 12% 10%
8% 6% 4% 2% 0%
2010 2011 2012
2013
2014 2015
Hotels
2016 2017 2018 Short-Term Rentals
2019 2020
Inbound Arrivals
© 2017 Euromonitor International 24
Y-o-y growth