Finland Travel and Tourism: Jsbmarketresearch

Travel and Tourism in Finland to 2019

Released On 16th December 2015

Summary

With the increase in the aging population, the domestic spending is expected to grow as compared to the outbound spending. The total number of inbound trips plunged in 2014 as the arrivals from Russia, its largest source market, fell due to the sanctions and the depreciation of the ruble against the US dollar. Outbound trips grew at a CAGR of 8.68% during the historic period and most of the trips are to the neighbouring countries including Estonia and Sweden.

Key Findings

- Finlands Travel And Tourism Sector depicted growth during the historic period (2009-2014), supported by a rise in international arrivals. However, in 2014, the number of arrivals from Russia declined as compared to the previous year due to the western sanctions imposed on it. The total number of tourist arrivals in Finland is expected to reach 4.8 million by 2019. Moreover, domestic tourist volumes fell at a CAGR of -1.44%, while domestic tourist expenditure increased at a CAGR of 2.54%. The ongoing crisis in the Finnish economy was one of the major factors adversely affecting the domestic and outbound trips in the recent years. The number of departures reached 8.8 million by 2014. Canadean expects the volume of outbound tourists from Finland to rise at a forecast period CAGR of 3.61%, to reach 10.6 million by 2019.

- In 2015, ITB Asia, the Trade Show for the Asian Travel Market, named Finland to be its partner country for the 2016 show. ITB Asia is considered to be one of the best meeting hubs for travel industry leaders which acts as a platform for building contacts and conducting businesses. With this partnership, VisitFinland (Finnish Tourism Board) aims to launch a new Stopover Finland programme, in collaboration with Finnair. The motive behind this programme is to showcase Finland as a stopover destination for passengers travelling via Helsinki airport by building attractive packages...