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Fitch:
U.S. Leisure Outlook Stable
Amid
Competition for Consumer Wallet Share
|
Chicago,
IL – December 2015 / Newsmaker Alert / U.S. leisure companies will
continue to benefit from consumer spending growth in 2016, aided by the
trend towards more experiential, rather than material, purchases, according
to a new Fitch
Ratings report. The competitive environment for consumer wallet share
remains intense and leisure companies must compete against varying alternatives,
including retailers, technology services, and non-travel oriented entertainment.
For
online travel agencies, consolidation will remain a theme in 2016 as companies
capitalize on market fragmentation to improve scale and profitability and
fend off new competition from non-traditional travel accommodations and
distribution channels. M&A will supplement organic growth from higher
online travel bookings penetration rates. Fitch expects gross bookings
to grow at a low- to mid-teens rate during 2016.
Fitch’s
2016 outlooks for the sector and its ratings are Stable, based on the expectation
for moderate discretionary consumer spending growth, offset by rising competitive
and technology risks. The 2016 Outlook includes Fitch’s views on online
travel agencies, cruise operators, video game publishers, and theme park
operators.
The
full report, ‘2016 Outlook: U.S. Leisure,’ is available at www.fitchratings.com.
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Fitch Credit Ratings:
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summary page for this issuer on the Fitch website.
Contact:
Fitch
Ratings
Stephen
Boyd
Director
212-908-9153
or
Media
Relations:
Alyssa
Castelli
212-908-0540 |
