Hotel Business

MAY 1, 2023

The World Travel & Tourism Council ’s (WTTC) 2023 Economic Impact Research (EIR) has revealed that the U.S. travel & tourism sector is forecast to exceed the 2019 peak this year. economy this year, surpassing the 2019 pre-pandemic high of $2.17 “The travel & tourism sector in the U.S.

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eHotelier

FEBRUARY 8, 2023

The World Travel and Tourism Council (WTTC) noted in its Cities Economic Impact report that Buenos Aires is one of the Latin American cities with the greatest recovery, reaching numbers above its 2019 levels.

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Travel and Tourism 130

Hotel Business

APRIL 8, 2024

The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) revealed that the U.S. Travel & Tourism sector has contributed more to the U.S. According to the global tourism body’s latest research, in 2023 the Travel & Tourism sector’s GDP contribution grew by 7% to reach a total of $2.36

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Travel and Tourism Accounting Marketing 59

Hotel Business

AUGUST 22, 2023

The World Travel & Tourism Council’s (WTTC) Travel & Tourism Economic Impact 2023 Global Trends Report has revealed an encouraging resurgence in travel & tourism investment, overcoming pandemic setbacks and signaling a strong return to growth. From 2010-2019, investment grew steadily at 4.3%

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eHotelier

NOVEMBER 29, 2022

WTTC and Saudi-based Sustainable Global Tourism Center launch inaugural Environmental & Social Research Between 2010 and 2019 the sector’s GDP has grown on average 4.3% annually whilst its climate footprint increased by just 2.4%.

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Travel and Tourism 130

eHotelier

MAY 9, 2023

European tourism demand entered 2023 on a strong footing despite ongoing challenges, with international tourist arrivals 18% below 2019 levels.

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Travel and Tourism 130

eHotelier

JUNE 13, 2023

The Japan National Tourism Organization (JNTO) announced that American visitor arrivals to Japan increased by 3.6 percent year-to-date in 2023 over the same period (January-April) in 2019, a year that broke the record for international travel to Japan.

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eHotelier

NOVEMBER 13, 2022

Europe is expected to recover close to 75% of 2019 travel volumes by the end of 2022 Challenging economic backdrop will lead to a difficult winter for the tourism sector in Europe Transatlantic travel gets a boost in 2022, spurred by a stronger dollar against key European currencies.

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Hospitality Net

JULY 10, 2024

The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) projects a record breaking year for Indonesia’s Travel & Tourism sector in 2024, with jobs in the sector set to exceed 2019 levels to reach more than 12.5mn.

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Travel Pulse Destinations

APRIL 26, 2023

The travel industry’s global GDP contribution for 2023 is projected to be just 5 percent short of the industry’s 2019 peak.

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Hotel Business

JANUARY 23, 2023

A new report by World Travel & Tourism Council (WTTC) and Trip.com Group, together with Deloitte, reveals a heightened appetite for sustainable tourism among consumers, with 69% of travelers actively seeking sustainable travel options. But 2023 is looking even better in terms of travelers’ spend.

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Travel and Tourism Budgeting Pricing Information 120

Hospitality Net

SEPTEMBER 19, 2023

The World Travel & Tourism Council’s (WTTC) 2023 Economic Impact Research (EIR) today reveals the UK Travel & Tourism sector is forecast to exceed the 2019 peak this year.

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Hospitality Net

MAY 1, 2023

The World Travel & Tourism Council’s (WTTC) 2023 Economic Impact Research (EIR) today reveals the U.S. Travel & Tourism sector is forecast to exceed the 2019 peak this year.

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Hotel Business

NOVEMBER 30, 2022

The World Travel & Tourism Council (WTTC) has unveiled new data detailing the climate footprint of the global Travel & Tourism sector. The findings were launched at the global tourism body’s 22nd Global Summit in Riyadh by the council and the Saudi-based Sustainable Global Tourism Center.

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Travel and Tourism Information 59

Revenue Hub

JULY 7, 2023

Tourism is vital to Spain. The country’s natural attractions and cultural assets draw crowds from around the world – making many of its communities reliant on tourism. Pre-pandemic, Spain was the second-largest tourism destination in the world, drawing 84 million visitors in 2019 who brought over €92 billion in revenue.

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Hospitality Net

JULY 13, 2023

The World Travel & Tourism Council’s (WTTC) 2023 Economic Impact Research (EIR) today reveals the Portuguese Travel & Tourism sector is projected to exceed the 2019 peak this year.

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Hospitality Net

MARCH 21, 2024

Seeking unique travel experiences will remain a robust trend in a growing global tourism market in 2024, which has major implications for hotel operators. Predictions paint a rosy picture for travel in 2024. UNWTO expects international arrivals to finally return to pre-pandemic levels, and even exceed 2019 figures by 2%.

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Travel and Tourism Marketing 92

Hospitality Net

MAY 14, 2024

Europe’s tourism industry is experiencing a robust recovery in the first months of 2024. Based on data from reporting destinations, foreign arrivals (+7.2%) and overnights (+6.5%) in the first quarter of the year surpassed 2019 figures. below 2019 levels, and nights just 0.2% below 2019 levels, and nights just 0.2%

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Travel and Tourism Marketing 45

Hospitality Net

NOVEMBER 2, 2023

As the World Travel & Tourism Council’s (WTTC) 23rd Global Summit kicked off in Kigali today, WTTC President & CEO Julia Simpson revealed that the global Travel & Tourism sector is making a robust comeback, bouncing back to the pre-pandemic vigour of 2019.The

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Travel and Tourism 52

Hospitality Net

MAY 26, 2023

April 2023 marked an important milestone: The full recovery of travel since the pandemic – as measured by the Skift Travel Health Index. And it’s a record, with our index passing the level last reached in 2019.

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Hospitality Net

NOVEMBER 8, 2023

Travel is a force for good in the world, and it is also a powerful economic engine. Before the pandemic, WTTC calculated that the tourism sector was responsible for 1 in 5 new jobs and accounted for roughly 10% of global GDP and an equal share of employment. International tourism as an export service amounted to staggering $1.9

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Travel and Tourism Accounting 89

Larry Mogelonsky

JUNE 12, 2024

And yet, this is more often than not the first thing that suffers when we travel. While we previously called sleep tourism as a microsegment, it won’t be for long. Critically for the travel and hospitality industries: as customers does at home, they will come to expect at their chosen hotels.

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Travel Pulse Destinations

FEBRUARY 1, 2023

The islands’ tourism partners gather for the first ParauParau in-person conference since 2019.

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Travel Pulse Destinations

MAY 17, 2023

The Canadian travel industry is within striking distance of its 2019 pre-pandemic peak of $173.9 billion.

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Travel and Tourism 86

Revenue Hub

MARCH 27, 2023

In 2019, China was the tourism market of the moment. NB: This is an article from Net Affinity Chinese tourists made up 220 billion in tourism revenue, (which was 20% of global tourism spend). Covid naturally undermined tourism demand. In travelling perhaps less often, but more mindfully?

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Travel and Tourism Article Marketing Communication 59

Hospitality Net

JULY 12, 2023

Europe’s tourism recovery is maintaining its momentum despite economic headwinds, reaching about 95% of 2019 levels of international tourist arrivals. Though inflation and increased travel costs are squeezing consumers’ wallets, travel spending is still prioritised over other discretionary expenses.

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Travel and Tourism 40

Revenue Hub

NOVEMBER 24, 2022

While international travel recovery worldwide in Q4 tracks 30% below 2019 levels, the European continent overperforms the world average at -24%. Urban destinations, which were heavily affected by the Covid crisis, are now closing the gap with other forms of city tourism. NB: This is an article from ForwardKeys.

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Hotel Business

FEBRUARY 22, 2023

SiteMinder’s new Hotel Booking Trends report, a hotel commerce data analysis of more than 36,000 hotels and 450+ connected booking integrations, has revealed travelers booked their trips on average eight days earlier, and canceled their bookings 17% less year-on-year in 2022, despite a 24% increase in the average daily hotel room rate.

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Revenue Hub

OCTOBER 21, 2022

The travel sector in Europe is slowly but surely showing signs of recovery in the post-pandemic with Istanbul, Lisbon, and Madrid showing strong results. Travel recovery across Europe is set to continue in Q4 despite all the doom and gloom in the news about inflation, recession, oil prices and the war in Ukraine. And the best news?

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Travel and Tourism Article Book Blog 94

Hotel Owner

JUNE 14, 2023

In fact, confidence levels for the UK’s inbound tourism industry are at their highest for the past three years , providing a much needed silver lining to the hospitality industry, as well as renewed optimism for those businesses after a tough winter of exorbitant energy bills.

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Hotel Business

NOVEMBER 29, 2023

domestic travel demand entered the fourth quarter on a slow note in October, continuing a pullback seen in September. In October, Omnitrak’s Travel Market Penetration Index edged downward to 98.7 year-over-year increase in Thanksgiving holiday travel set the stage for a potential bright spot within November.” index levels.

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Travel and Tourism Pricing Marketing 64

Hospitality Net

SEPTEMBER 19, 2024

According to the latest World Tourism Barometer by UN Tourism, around 790 million tourists travelled internationally in the first seven months of 2024, about 11% more than in 2023 and only 4% less than in 2019. Data show a strong start to the year, followed by a more modest second quarter.

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Travel and Tourism 72

Hospitality Net

MARCH 5, 2024

In 2023, the travel market not only recovered from its slump during the crisis of the Covid pandemic, it even surpassed 2019 levels. Norbert Fiebig, president of the German Travel Association (DRV), called for policymakers to financially support the industry’s eco-friendly transformation.

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Revenue Hub

MARCH 10, 2023

As hospitality entered a new era of travel, we witnessed a continuous and encouraging recovery in 2022. NB: This is an article from TrustYou With travel restrictions being relaxed or even lifted completely, the pandemic was no longer a primary concern when planning and heading into a trip, at least in most regions. compared to 2019.

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Travel and Tourism Article 76

SiteMinder

FEBRUARY 28, 2023

Many parts of the world are excited about the prospect of travellers from mainland China returning to their shores but, while your hotel can certainly benefit from the opportunity, there are no simple answers when it comes to planning and preparing for this. It also allowed citizens to travel during the Lunar New Year celebrations.

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Hotel Business

AUGUST 29, 2023

travelers, the number of U.S. households traveling domestically increased slightly in July 2023, as the Omnitrak Travel Market Penetration Index inched upwards to 123.2, Americans are seemingly ‘hard coded’ to travel, to move, to explore and to reconnect,” said Chris Kam, president/COO, Omnitrak. “As index levels.

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Travel and Tourism Marketing 52

Hotel Owner

MAY 20, 2024

The staycation trend has seen an unprecedented surge in popularity, particularly in the wake of global events that have restricted international travel, particularly due to the covid-19 pandemic. The appeal lies in the convenience, reduced travel costs, and the opportunity to explore local attractions that might otherwise be overlooked.

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