Travel and Tourism in Switzerland to 2018

Published: May, 2014 | Pages: 149 | Publisher: Timetric
Industry: Travel Services | Report Format: Electronic (PDF)

Synopsis
The report provides detailed market analysis, information and insights, including:
Historic and forecast tourist volumes covering the entire Swiss travel and tourism sector
Detailed analysis of tourist spending patterns in Switzerland for various categories in the travel and tourism sector, such as accommodation, sightseeing and entertainment, foodservice, transportation, retail, travel intermediaries and others
Detailed market classification across each category, with analysis using similar metrics
Detailed analysis of the airline, hotel, car rental and travel intermediaries industries

Summary
The Swiss travel and tourism sector recorded moderate growth during the review period (2009-2013). Inbound tourists reached 9.4 million in 2013, primarily from countries such as Germany, the US and France, while domestic tourist volumes reached 8.6 million. Growth over the forecast period (2014?2018) is expected to be supported by the rising number of inbound travelers from BRIC nations, Brazil, Russia, India and China.
Scope
This report provides an extensive analysis related to the tourism demands and flows in Switzerland:
It details historical values for the Swiss tourism sector for 2009-2013, along with forecast figures for 2014-2018
It provides comprehensive analysis of travel and tourism demand factors, with values for both the 2009-2013 review period and the 2014-2018 forecast period
The report provides a detailed analysis and forecast of domestic, inbound and outbound tourist flows in Switzerland.
It provides comprehensive analysis of the trends in the airline, hotel, car rental and travel intermediaries industries, with values for both the 2009-2013 review period and the 2014-2018 forecast period
Reason To Buy
Take strategic business decisions using historic and forecast market data related to the Swiss travel and tourism sector.
Understand the demand-side dynamics within the Swiss travel and tourism sector, along with key market trends and growth opportunities.
Key Highlights
Chinese tourism to Switzerland increased rapidly during the review period, registering 0.6 million tourists in 2013, at a CAGR of 34.8%. This makes Switzerland the fastest-growing European nation in terms of Chinese tourism. In response to this, Switzerland Tourism began to train ski instructors to speak Mandarin in 2014, to attract more Chinese skiers.
Many tour operators and travel agencies have begun to relocate to Switzerland due to favorable tax regulations specific to the industry. Tour operators benefit from the government's unique VAT policy when operators sell travel packages to customers through companies or subsidiaries based in Switzerland. Typically, a tour operator can save up to 20% on their gross profits before any additional direct tax optimization.
The Gulf region is gradually developing into a key source market for Swiss tourism. According to Switzerland Tourism, the number of Gulf tourists that visited Switzerland from January to October 2013, was 38,441. In addition, Kuwait recorded an increase of 43%, Saudi Arabia 27% and the UAE 23%.
Around 200 travel agents and tour operators in Australia took part in the Switzerland Tourism's Travel Experience Road Show during March 2014. Tour operators and travel agents met key competitors such as Swiss International Airlines and Swiss Travel System. Since there has been a 10% increase of Australian tourists to Switzerland each and every year from review period, Swiss partners were eager to detail a variety of new attractions.
Swiss International Air Lines (Swiss) launched a new flight, operating three times weekly from Oslo to Geneva during December 2013 until the end of March 2014. In November 2013, airport operators from countries such as Switzerland, Singapore, Germany and Brazil won rights to run airports in Rio and Belo Horizonte, the host cities of the 2014 World Cup. Switzerland's Flughafen Zurich airport paid CHF1.0 billion (US$0.9 billion) for a 30-year concession at Belo Horizonte's Confins airport.
Andermatt Swiss Alps AG (ASA) is a wholly owned subsidiary of Orascom Development Holding AG (ODH), is constructing a four-star hotel offering 269 rooms at a cost of US$162 millions in Uri, Switzerland. The project is expected to be completed by the fourth quarter of 2014. Mettler2Invest AG is planning to undertake the development of a new hotel in Glattpark, Opfikon, Zurich, Switzerland. The project involves the construction of a hotel with 245 rooms at a cost of US$162 million, and is expected to be completed by the first quarter of 2015. Katara Hospitality (KH) is undertaking the Royal Savoy Lausanne Hotel Development project at Lausanne in Vaud, Switzerland. The project involves construction of a 200 room hotel at a cost of US$110 million, and is expected to be completed by the second quarter of 2015.
Enterprise Rent-A-Car entered into a partnership with Auto-Interleasing (AIL), one of Switzerland's largest fleet management organizations. Since AIL has vast market experience in Switzerland, the partnership will be beneficial for Enterprise and allow it to establish its brand in key hubs throughout the country.
Many tour operators in and around the Europe region are establishing business units in Switzerland to benefit from tax savings. According to Swiss VAT legislation, tour operators should not levy Swiss VAT on tours outside Switzerland. If an operator from anywhere in Europe sells an EU trip to a customer, the operator is liable to pay VAT of 20% under the Tour Operator Margin Scheme (TOMS). Operators based in Switzerland are not liable to pay this. In Switzerland, VAT is only charged if the tour takes place within Switzerland. This provides savings for operators who conduct their business online or in-store from Switzerland.

 1 Executive Summary
1.1.1 Switzerland popular among Chinese tourists
1.1.2 VAT savings
2 Travel and Tourism Sector In Context
3 Country Fact Sheet
4 Tourism Flows
4.1.1 Domestic tourism
4.1.2 Inbound tourism
4.1.3 Outbound tourism
4.2.1 Switzerland Tourism's initiatives
4.2.2 Focus on Chinese tourists
4.2.3 Switzerland Tourism is targeting the Indian tourism market
4.2.4 MICE tourism initiative
4.3.1 Domestic tourism
4.3.2 Inbound tourism
4.3.3 Outbound tourism
5 Airlines
5.2.1 Launch of new routes and higher frequency of flights
5.2.2 New airport charges
5.2.3 New information services for tourists at Zurich airport
6 Hotels
6.2.1 Launch of new hotels expected
6.2.2 Central reservation system
7 Car Rental
7.2.1 New partnerships
8 Travel Intermediaries
8.2.1 VAT Savings
9 Tourism Board Profile
10 Airport Profiles
10.1.1 Overview
10.1.2 Operator profile
10.1.3 Routes
11 Company Profiles - Airlines
11.1.1 Swiss Intertiol Air Lines Ltd - company overview
11.1.2 Swiss Intertiol Air Lines Ltd - business description
11.1.3 Swiss Intertiol Air Lines Ltd - main services
11.1.4 Swiss Intertiol Air Lines Ltd - history
11.1.5 Swiss Intertiol Air Lines Ltd - SWOT alysis
11.1.6 Swiss Intertiol Air Lines Ltd - strengths
11.1.7 Swiss Intertiol Air Lines Ltd - weaknesses
11.1.8 Swiss Intertiol Air Lines Ltd - opportunities
11.1.9 Swiss Intertiol Air Lines Ltd - threats
11.1.10 Swiss Intertiol Air Lines Ltd - key employees
11.2.1 EasyJet Switzerland SA - company overview
11.2.2 EasyJet Switzerland SA - main services
11.3.1 Air Berlin Plc & Co. Luftverkehrs KG - company overview
11.3.2 Air Berlin Plc & Co. Luftverkehrs KG- business description
11.3.3 Air Berlin Plc & Co. Luftverkehrs KG- main services and brands
11.3.4 Air Berlin Plc & Co. Luftverkehrs KG- history
11.3.5 Air Berlin Plc & Co. Luftverkehrs KG - SWOT alysis
11.3.6 Air Berlin Plc & Co. Luftverkehrs KG - strengths
11.3.7 Air Berlin Plc & Co. Luftverkehrs KG - weaknesses
11.3.8 Air Berlin Plc & Co. Luftverkehrs KG - opportunities
11.3.9 Air Berlin Plc & Co. Luftverkehrs KG - threats
11.3.10 Air Berlin Plc & Co. Luftverkehrs KG - key employees
11.4.1 Air France-KLM - company overview
11.4.2 Air France-KLM - business description
11.4.3 Air France-KLM - main services
11.4.4 Air France-KLM - history
11.4.5 Air France-KLM - SWOT alysis
11.4.6 Air France-KLM - strengths
11.4.7 Air France-KLM - weaknesses
11.4.8 Air France-KLM - opportunities
11.4.9 Air France-KLM - threats
11.4.10 Air France-KLM - key employees
11.5.1 Deutsche Lufthansa AG - company overview
11.5.2 Deutsche Lufthansa AG - business description
11.5.3 Deutsche Lufthansa AG - main services and brands
11.5.4 Deutsche Lufthansa AG - history
11.5.5 Deutsche Lufthansa AG - SWOT alysis
11.5.6 Deutsche Lufthansa AG - strengths
11.5.7 Deutsche Lufthansa AG - weaknesses
11.5.8 Deutsche Lufthansa AG - opportunities
11.5.9 Deutsche Lufthansa AG - threats
11.5.10 Deutsche Lufthansa AG - key employees
12 Company Profiles - Hotels
12.1.1 Accor Hotels Switzerland - company overview
12.1.2 Accor Hotels Switzerland - main services
12.1.3 Accor Hotels Switzerland - key employees
12.2.1 VCH Hotels Switzerland - company overview
12.2.2 VCH Hotels Switzerland - main services
12.2.3 VCH Hotels Switzerland - key employees
12.3.1 Swiss Deluxe Hotels - company overview
12.3.2 Swiss Deluxe Hotels - main services
12.3.3 Swiss Deluxe Hotels - key employees
12.4.1 Best Western Swiss Hotels - company overview
12.4.2 Best Western Swiss Hotels - main services
12.4.3 Best Western Swiss Hotels - key employees
12.5.1 Romantik Hotels & Restaurants Switzerland - company overview
12.5.2 Romantik Hotels & Restaurants Switzerland - main services
12.5.3 Romantik Hotels & Restaurants Switzerland - key employees
13 Company Profiles - Car Rental
13.1.1 Europcar Switzerland - company overview
13.1.2 Europcar Switzerland - main services
13.1.3 Europcar Switzerland - key employees
13.2.1 Sixt Leasing (Schweiz) AG - company overview
13.2.2 Sixt Leasing (Schweiz) AG - main services
13.2.3 Sixt Leasing (Schweiz) AG - key employees
13.3.1 Hertz AG - company overview
13.3.2 Hertz AG - main services
13.4.1 Avis Budget Autovermietung AG - company overview
13.4.2 Avis Budget Autovermietung AG - main services
13.4.3 Avis Budget Autovermietung AG - key employees
14 Company Profiles - Travel Intermediaries
14.1.1 Tour 168 of Switzerland GmbH - company overview
14.1.2 Tour 168 of Switzerland GmbH - main services
14.1.3 Tour 168 of Switzerland GmbH - key employees
14.2.1 Baumeler Reisen AG - company overview
14.2.2 Baumeler Reisen AG - main services
14.2.3 Baumeler Reisen AG - key employees
14.3.1 Viajes Benitez Reisen AG - company overview
14.3.2 Viajes Benitez Reisen AG - main services
14.3.3 Viajes Benitez Reisen AG - key employees
14.4.1 Swisstors GMBH - company overview
14.4.2 Swisstors GMBH - main services
14.5.1 Trottomundo AG - company overview
14.5.2 Trottomundo AG - main services
14.5.3 Trottomundo AG - key employees
15 Market Data Anlaysis
15.1.1 Total tourism output
15.1.2 Direct tourism output
15.1.3 Indirect tourism output
15.1.4 Tourism output per employee
15.1.5 Direct tourism output per employee
15.1.6 Indirect tourism output per employee
15.2.1 Total tourism employment
15.2.2 Direct tourism employment
15.2.3 Indirect tourism employment
15.2.4 Tourism employee compensation
15.2.5 Total gross income generated by total tourism employment
15.3.1 Domestic trips by purpose of visit
15.3.2 Number of overnight stays
15.3.3 Total domestic tourism expenditure
15.3.4 Average expenditure per domestic tourist by category
15.4.1 Intertiol arrivals by region
15.4.2 Intertiol arrivals by purpose of visit
15.4.3 Intertiol Arrival by mode of transport
15.4.4 Number of overnight stays
15.4.5 Total inbound tourism expenditure by category
15.4.6 Average intertiol tourist expenditure by category
15.5.1 Intertiol departures by region
15.5.2 Intertiol departures by purpose of visit
15.5.3 Intertiol departures by mode of transport
15.5.4 Number of overnight stays
15.5.5 Total outbound tourism expenditure by category
15.5.6 Average outbound expenditure per resident by category
15.6.1 Seats available
15.6.2 Seats sold by carrier type - business travel
15.6.3 Seats sold by carrier type - leisure travel
15.6.4 Load factor by carrier type
15.6.5 Passenger kilometers available by carrier type
15.6.6 Revenue-generating passenger kilometers by carrier type
15.6.7 Revenue per passenger by carrier type
15.6.8 Total revenue by carrier type
15.7.1 Establishments by hotel category
15.7.2 Available rooms by hotel category
15.7.3 Room occupancy rate by hotel category
15.7.4 Room nights available by hotel category
15.7.5 Room nights occupied by hotel category
15.7.6 Average revenue per available room by hotel category
15.7.7 Revenue per occupied room by hotel category
15.7.8 Total revenue per available room by hotel category
15.7.9 Total revenue by hotel category and customer type
15.7.10 Guests by hotel category and customer type
15.8.1 Market value by customer type and rental location
15.8.2 Fleet size
15.8.3 Rental occasions
15.8.4 Rental length and rental days
15.8.5 Average rental length
15.8.6 Utilization rate
15.8.7 Average revenue per day
15.9.1 Industry value by product type
15.9.2 Online revenues by type of intermediary or provider
15.9.3 Online revenues by type of tourist
15.9.4 In-store revenues by type of intermediary
15.9.5 In-store revenues by type of tourist
15.9.6 Travel agent revenues from domestic tourism, by sales channel
15.9.7 Travel agent revenues from intertiol tourism by sales channel
15.9.8 Tour operator revenues from domestic tourism, by sales channel
15.9.9 Tour operator revenues from intertiol tourism, by sales channel
15.9.10 Other intermediaries revenues from domestic tourism, by sales channel
15.9.11 Other intermediaries revenues from intertiol tourism by sales channel
16 Appendix


List of Tables
Table 1: Switzerland - Tourist Arrivals from the Top 10 Countries (Thousand), 2009-2018
Table 2: Switzerland - Tourist Departures to the Top 10 Countries (Thousand), 2009-2018
Table 3: Switzerland - Airline Market Shares by Domestic and Intertiol Passengers Carried (%), 2012-2013
Table 4: Switzerland - Hotel Market Shares by Number of Hotels, 2013
Table 5: Switzerland Tourism - Key Facts and Locations
Table 6: Zurich Airport ? Overview
Table 7: Geneva Intertiol Airport ? Overview
Table 8: EuroAirport Basel-Mulhouse-Freiburg - Overview
Table 9: Lugano Airport - Overview
Table 10: Swiss Intertiol Air Lines Ltd, Key Facts
Table 11: Swiss Intertiol Air Lines Ltd, Main Services
Table 12: Swiss Intertiol Air Lines Ltd, History
Table 13: Swiss Intertiol Air Lines Ltd, Key Employees
Table 14: EasyJet Switzerland SA, Key Facts
Table 15: EasyJet Switzerland SA, Main Services
Table 16: Air Berlin Plc & Co. Luftverkehrs KG, Key Facts
Table 17: Air Berlin Plc & Co. Luftverkehrs KG, Main Services and Brands
Table 18: Air Berlin Plc & Co. Luftverkehrs KG, History
Table 19: Air Berlin Plc & Co. Luftverkehrs KG, Key Employees
Table 20: Air France-KLM, Key Facts
Table 21: Air France-KLM, Main Services
Table 22: Air France-KLM, History
Table 23: Air France-KLM, Key Employees
Table 24: Deutsche Lufthansa AG, Key Facts
Table 25: Deutsche Lufthansa AG, Main Services and Brands
Table 26: Deutsche Lufthansa AG, History
Table 27: Deutsche Lufthansa AG, Key Employees
Table 28: Accor Hotels Switzerland, Key Facts
Table 29: Accor Hotels Switzerland, Main Services
Table 30: Accor Hotels Switzerland, Key Employees
Table 31: VCH Hotels Switzerland, Key Facts
Table 32: VCH Hotels Switzerland, Main Services
Table 33: VCH Hotels Switzerland, Key Employees
Table 34: Swiss Deluxe Hotels, Key Facts
Table 35: Swiss Deluxe Hotels, Main Services
Table 36: Swiss Deluxe Hotels, Key Employees
Table 37: Best Western Swiss Hotels, Key Facts
Table 38: Best Western Swiss Hotels, Main Services
Table 39: Best Western Swiss Hotels, Key Employees
Table 40: Romantik Hotels & Restaurants Switzerland, Key Facts
Table 41: Romantik Hotels & Restaurants Switzerland, Main Services
Table 42: Romantik Hotels & Restaurants Switzerland, Key Employees
Table 43: Europcar Switzerland, Key Facts
Table 44: Europcar Switzerland, Main Services
Table 45: Europcar Switzerland, Key Employees
Table 46: Sixt Leasing (Schweiz) AG, Key Facts
Table 47: Sixt Leasing (Schweiz) AG, Main Services
Table 48: Sixt Leasing (Schweiz) AG, Key Employees
Table 49: Hertz AG, Key Facts
Table 50: Hertz AG, Main Services
Table 51: Avis Budget Autovermietung AG, Key Facts
Table 52: Avis Budget Autovermietung AG, Main Services
Table 53: Avis Budget Autovermietung AG, Key Employees
Table 54: Tour 168 of Switzerland GmbH, Key Facts
Table 55: Tour 168 of Switzerland GmbH, Main Services
Table 56: Tour 168 of Switzerland GmbH, Key Employees
Table 57: Baumeler Reisen AG, Key Facts
Table 58: Baumeler Reisen AG, Main Services
Table 59: Baumeler Reisen AG, Key Employees
Table 60: Viajes Benitez Reisen AG, Key Facts
Table 61: Viajes Benitez Reisen AG, Main Services
Table 62: Viajes Benitez Reisen AG, Key Employees
Table 63: Swisstors GMBH, Key Facts
Table 64: Swisstors GMBH, Main Services
Table 65: Trottomundo AG, Key Facts
Table 66: Trottomundo AG, Main Services
Table 67: Trottomundo AG, Key Employees
Table 68: Switzerland - Total Tourism Output by Category (CHF Billion), 2009-2018
Table 69: Switzerland - Direct Tourism Output by Category (CHF Billion), 2009-2018
Table 70: Switzerland - Indirect Tourism Output by Category (CHF Billion), 2009-2018
Table 71: Switzerland - Total Tourism Output Generated per Employee by Category (CHF Thousand), 2009-2018
Table 72: Switzerland - Direct Tourism Output Generated per Employee by Category (CHF Thousand), 2009-2018
Table 73: Switzerland - Indirect Tourism Output Generated per Employee by Category (CHF Thousand), 2009-2018
Table 74: Switzerland - Total Tourism Employment by Category (Thousand), 2009-2018
Table 75: Switzerland - Total Tourism Employment as a Percentage of Total Employment by Category (%), 2009-2018
Table 76: Switzerland - Direct Tourism Employment by Category (Thousand), 2009-2018
Table 77: Switzerland - Direct Tourism Employment as a Percentage of Total Employment by Category (%), 2009-2018
Table 78: Switzerland - Indirect Tourism Employment by Category (Thousand), 2009-2018
Table 79: Switzerland - Indirect Tourism Employment as a Percentage of Total Employment by Category (%), 2009-2018
Table 80: Switzerland - Average Salary per Employee by Category (CHF Thousand), 2009-2018
Table 81: Switzerland - Total Gross Income Generated by Total Tourism Employment by Category (CHF Billion), 2009-2018
Table 82: Switzerland - Number of Trips by Purpose (Thousand), 2009-2018
Table 83: Switzerland - Overnight Stays (Million), 2009-2018
Table 84: Switzerland - Total Domestic Tourism Expenditure by Category (CHF Billion), 2009-2018
Table 85: Switzerland - Average Expenditure per Domestic Tourist by Category (CHF), 2009-2018
Table 86: Switzerland - Intertiol Arrivals by Region (Thousand),  2009-2018
Table 87: Switzerland - Intertiol Arrivals by Purpose of Visit (Thousand), 2009-2018
Table 88: Switzerland - Intertiol Arrival by mode of transport (Thousand), 2009-2018
Table 89: Switzerland - Overnight Stays (Million), 2009-2018
Table 90: Switzerland - Total Inbound Tourism Expenditure by Category (CHF Billion), 2009-2018
Table 91: Switzerland - Average Expenditure per Inbound Tourist by Category (CHF), 2009-2018
Table 92: Switzerland - Intertiol Departures by Region (Thousand), 2009-2018
Table 93: Switzerland - Intertiol Departures by Purpose of Visit (Thousand), 2009-2018
Table 94: Switzerland - Intertiol departures by mode of transport (Thousand), 2009-2018
Table 95: Switzerland - Overnight Stays (Million), 2009-2018
Table 96: Switzerland - Total Outbound Tourism Expenditure by Category (CHF Billion), 2009-2018
Table 97: Switzerland - Average Outbound Expenditure per Resident by Category (CHF), 2009-2018
Table 98: Switzerland - Seats Available by Carrier Type (Thousand), 2009-2018
Table 99: Switzerland - Seats Sold by Carrier Type - Business Travel (Thousand), 2009-2018
Table 100: Switzerland - Seats Sold by Carrier Type - Leisure Travel (Thousand), 2009-2018
Table 101: Switzerland - Load Factor by Carrier Type (%), 2009-2018
Table 102: Switzerland - Passenger Kilometers Available by Carrier Type (Billion), 2009-2018
Table 103: Switzerland - Revenue-Generating Passenger Kilometers by Carrier Type (Billion), 2009-2018
Table 104: Switzerland - Revenue per Passenger by Carrier Type (CHF), 2009-2018
Table 105: Switzerland - Total Revenue by Carrier Type (CHF Billion), 2009-2018
Table 106: Switzerland - Establishments by Category (Actual), 2009-2018
Table 107: Switzerland - Available Hotel Rooms by Hotel Category (Thousand), 2009-2018
Table 108: Switzerland - Room Occupancy Rate by Hotel Category (%), 2009-2018
Table 109: Switzerland - Room Nights Available by Hotel Category (Million), 2009-2018
Table 110: Switzerland - Room Nights Occupied by Hotel Category (Million), 2009-2018
Table 111: Switzerland - Average Revenue per Available Room by Hotel Category (CHF), 2009-2018
Table 112: Switzerland - Revenue per Occupied Room by Hotel Category (CHF), 2009-2018
Table 113: Switzerland - Total Revenue per Available Room by Hotel Category (CHF), 2009-2018
Table 114: Switzerland - Total Revenue by Hotel Category and Customer Type (CHF Million), 2009-2018
Table 115: Switzerland - Guests by Hotel Category and Customer Type (Thousand), 2009-2018
Table 116: Switzerland - Market Value by Customer Type and Rental Location (CHF Million), 2009-2018
Table 117: Switzerland - Fleet Size (Actual), 2009-2018
Table 118: Switzerland - Rental Occasions (Thousand), 2009-2018
Table 119: Switzerland - Rental Days (Million), 2009-2018
Table 120: Switzerland - Average Rental Length (Days), 2009-2018
Table 121: Switzerland - Market Utilization Rate (%), 2009-2018
Table 122: Switzerland - Car Rental Average Revenue per Day (CHF), 2009-2018
Table 123: Switzerland - Travel Intermediaries Industry Value by Product Type (CHF Billion), 2009-2018
Table 124: Switzerland - Travel Intermediaries Online Revenues by Provider (CHF Million), 2009-2018
Table 125: Switzerland - Travel Intermediaries Online Revenues by Type of Tourist (CHF Million), 2009-2018
Table 126: Switzerland - Travel Intermediaries In-Store Revenues by Provider (CHF Billion), 2009-2018
Table 127: Switzerland - Travel Intermediaries In-Store Revenues by Type of Tourist (CHF Billion), 2009-2018
Table 128: Switzerland - Travel Agent Revenues from Domestic Tourism by Sales Channel (CHF Million), 2009-2018
Table 129: Switzerland - Travel Agent Revenues from Intertiol Tourism by Sales Channel (CHF Billion), 2009-2018
Table 130: Switzerland - Tour Operator Revenues from Domestic Tourism by Sales Channel (CHF Million), 2009-2018
Table 131: Switzerland - Tour Operator Revenues from Intertiol Tourism by Sales Channel (CHF Million), 2009-2018
Table 132: Switzerland - Other Intermediaries Revenues from Domestic Tourism by Sales Channel (CHF Million), 2009-2018
Table 133: Switzerland - Other Intermediaries Revenues from Intertiol Tourism by Sales Channel (CHF Million), 2009-2018
Table 134: Timetric Travel and Tourism Sector Definitions