Tourism Economics builds forecasting models to predict travel demand for every major global market and traveler segment. These models have established proven track records for accuracy. The reason is simple; our models are firmly-rooted in the economic fundamentals of origin markets along with the changing dynamics of destinations and traveler preferences.
We have built custom travel forecast models for clients in the US, Caribbean, Europe, Asia, and the Middle East. The purpose of these models is to identify both short and long-term growth opportunities, enabling our clients to take best advantage of expanding markets while hedging against downturns.
Many of our clients receive regular forecast updates based on the latest economic conditions and industry developments. We deliver dynamic scenario models as well as distribution-ready reports that explain the rationale behind the forecasts and their underlying assumptions. These models are capable of detailed segmentation forecasts including:
- Destination (country, state, city)
- Visitor Origin (country, state, city)
- Business / Leisure
- Day / Overnight
- Visitor Spending
- Hotel Market Performance
Our hotel market performance forecasts are produced in partnership with STR for cities around the world. More details on the STR Global Hotel Market Forecasts can be found here.
Custom Forecast Models
Travel demand forecasting provides perspectives which are integral to strategic decision-making.