Executive Report: July 2007
Sunshine all the way?
It's getting very hot! Our industry is enjoying unprecedented levels of growth, profitability and investment from private equity, high net worth individuals and public markets. We are also seeing the start of major consolidation in the industry with MyTravel/Thomas Cook and First Choice/TUI. While the markets are heating up, so is our environment and our industry, which is inexorably linked with airline travel, which is at the forefront of the climate change agenda. Much work needs to be done on sustainable development if we would like to continue to grow unhindered. No action is not an option. Entire destinations will disappear from the world tourism map while others will simply be too hot, too dry or prone to catastrophic events.
It is therefore not surprising that we feature the impact of climate change in this edition of our report, and as we work closely with the industry on the impact of climate change and implementation of sustainable development, we will share more insights with you on this important debate in future editions of this report.
Also featured in this report is the continued dominance of brand in all that our industry does, a profile of Japan and Macau, the future of the UK horseracing market and the outlook for US summer travel. All good news!
For more information download the Executive Report - July 2007 (PDF, 2073KB).