Market Research Reports - Ken Research Global Travel & Tourism Industry Outlook | Page 2

in leisure venues, such as visitor attractions; mobile operators, such as vans and other mobile operators; retailers, such as bakeries, convenience stores, delicatessens, department stores, garden centers, service station forecourts, supermarkets and hypermarkets, and other retail sales. Market volume is defined as the total number of transactions.
The hotels & motels industry value consists of all revenues generated by hotels, motels and other accommodation providers through the provision of accommodation and other services. The total value includes room revenue and non-room revenue, including casinos, shops and telecommunication services. The industry is segmented according to the origin of the revenues( leisure consumers and business consumers). Market volumes are classed as the number of hotels in a country or region. Travel intermediaries is part of a business that assists in selling travel products and services to customers. The products may include airline tickets, car rentals, hotels, railway tickets and package holidays that may combine several products.
The casinos and gaming market consists of all forms of betting and gaming. All values are stated in terms of gross gaming win. This is the total amount waged by customers minus the total amount paid out to customers as winnings, but before the payment of any applicable taxes, disbursements to charitable or other causes by games established for those purposes, or other expenses.
The casinos segment covers all gambling activities carried out within casino establishments, such as card games, roulette, and slot machines located in casinos; tips and admission fees are included, but additional revenues such as sales of food, drink, and accommodation are excluded. The lotteries segment covers all state, private, and charitable lotteries, and includes traditional draws, scratch card games, and similar products offered by lottery operators. The sports betting and related segment covers gambling on the outcome of horse races, football matches, and other events, and includes gambling services offered by bookmakers and also pari-mutuel / totalizator operators. The other segment covers bingo, slot machines located outside casinos, pachinko, etc. In North America, so-called ' Indian casinos ' are covered in this segment, not the casino segment. Online casino and gaming activity, with the exception of online purchases of lottery entry, is not included. Recreation-only slot machines that do not pay out any form of prize are excluded.
The report only includes gaming activities that are legal in the country where they are offered. All currency conversions were calculated using constant average annual 2016 exchange rates. The global travel & tourism industry is expected to generate total revenues of USD6,663.5bn in 2017, representing a compound annual growth rate( CAGR) of 4 % between 2013 and 2017. The foodservice segment is expected to be the industry ' s most lucrative in 2017, with total revenues of USD3,776.0bn, equivalent to 56.7 % of the industry ' s overall value. The Chinese foodservice segment is the largest in the Asia-Pacific region, accounting for more than 60 % of sales. This