France Transportation Industry Outlook to 2016: Market Profile by Timetric

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									France Transportation Industry
Outlook to 2016: Market Profile
Market Intelligence Report

Reference code: TT1053MP
Published: June 2012

www.timetric.com




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 EXECUTIVE SUMMARY



1 Executive Summary
        According to the Travel and Tourism Competitive Index, France was ranked the third most attractive
        destination in the world to develop travel and tourism business in 2011. The French travel and tourism
        sector accounted for 3.6% of the nation’s GDP in 2011, and 4.2% of the country’s total employment. The
        total tourist volume in France, including inbound, domestic and outbound, declined from 321.9 million in
        2007 to 302 million in 2011, at a compound annual growth rate (CAGR) of -1.58% during the review
        period (2007–2011). The main reasons for this decline include stagnated economic growth, job losses,
        significant reductions in corporate travel budgets and rising fuel prices. However, tourist volume
        registered positive growth in 2011, due to a rebound in the global economy, which led to increase in
        inbound arrivals.

        International arrivals rebound and will continue to register growth over the forecast period

        Since the 1990s, France has continued to be the world’s leading tourist destination and in 2011, the
        country registered 79.4 million international arrivals. The favorable trend in inbound arrivals is the result
        of the expanding economies in key source markets, improving levels of consumer confidence and the
        hosting of several international conferences and seminars. Tourism revenues reached US$45 billion in
        2011, which is the third-largest income
								
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