The European Travel Commission (ETC) has just published its second quarterly report on European Tourism in 2012 - Trends & Prospects.
Air travel continues to show some encouraging signs, with European airline passenger growth around 6% through mid-June while load factors have strengthened.
The global economy is restrained by government austerity and a softening in export demand with leading indicators suggesting most major economies are slowing. In response to deteriorating economic conditions, global central banks have lowered interest rates.
This uncertain economic backdrop is not yet causing significant falls in tourism demand, but the trend is of slowing growth. There are signs of mixed performance and slowing throughout Europe.
Hotel data show signs of mixed performance throughout Europe. While Central and Eastern European destinations have performed well, a significant number of Southern European destinations have recorded falls in hotel occupancy during the first half of the year. Overall, a moderation in hotel occupancy rates in most European sub-regions is apparent.
Latvia recorded highest with 14.9 percent increase of international arrivals year to date by March. Latvia also tops in international nights with 17.8 percent increase. Poland follows Latvia with 14 percent in international arrivals. Serbia with 15 percent and Spain with 14.7 percent follows Latvia in international nights. In hotel performance, Iceland (18.7% ytd), Russia (7.3% ytd) and Poland (6.6% ytd) tops the listing. Turkey with (-0.3% ytd) ranked at 12th place.
Tourism arrivals data for the first half of 2012 reveal an uneven picture of growth in the major European source markets. Meanwhile, Russia continues to be a star performer, with strong growth in all markets.
While demand in Japan continues to recover, the struggle for US market share continues.
The
full report
can be downloaded from ETC’s corporate website under the following
link: http://www.etc-corporate.org/market-intelligence/reports-and-studies.html
