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The outlook for travel to Europe is promising despite global pressures such as high inflation, the war in Ukraine and consequent energy crisis, and the looming economic recession. The latest data indicates a recovery of 75% of 2019 travel volumes to Europe in 2022.
International tourism is on track to recover almost 90% of pre-pandemic levels by the end of this year. According to the latest data from the World Tourism Organization (UNWTO), an estimated 975 million tourists travelled internationally between January and September 2023, an increase of 38% on the same months of 2022.
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. Last year, the travel & tourism sector’s GDP contribution grew by 16.9% In 2022, the value of the sector was worth $2.01
The global luxury travel market is huge, not in the number of guests with substantial buying power but the astonishing level of buying power that these luxury travellers have. The global Luxury tourism market had an estimated total revenue of USD 1,308.15 billion in 2022, and is projected to be worth USD 3,023.78
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.
During the 2022 PATA Gold Awards Ceremony held virtually on October 7, 2022, the Pacific Asia Travel Association (PATA) announced the winners of the 2022 PATA Gold Awards.
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. However, 2022 marked a turning point.
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.
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.
UK: The UK’s travel and tourism sector is expected to see a boost of more than £200 million as a result of King Charles III’s Coronation weekend [6-8 May] and fortnight around those dates, as consumers travel across the country to celebrate with friends and millions across the UK make the journey to London to catch a glimpse of the historic event.
It has been an interesting year, where the markets are back in action, Clearly, the tourism and hospitality industry got to see some positive growth. Bringing together some of the most trending articles, Here’s a mix of hospitality industry blogs from 2022 that our readers enjoyed the most. Are you familiar with it?
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.
👉 Read Also - Hotel Booking Tips: What Travelers Look for in Hotels in 2025 Recent studies show that hotels implementing modern POS systems report an average 23% increase in F&B revenue within the first 12 months of deployment. Multi-Currency & Multi-Language Support: Cater to global travelers with ease.
Sustainable tourism is a term that means different things to different owners and operators in this fragmented tourism industry and therefore risks becoming meaningless if greenwashing is allowed to continue. Consumer consumption is excessive, and our carbonised lifestyle is pitted against a fragile environment.
Recent times have seen modern, online marketing strategies revolutionize the landscape of the tourism and hospitality industry. Listed below are some of the most influential and profitable hotel marketing strategies for 2022 – . to capture the attention of your potential customers and engage them.
is the world’s most powerful travel & tourism market, contributing a record-breaking $2.36 trillion to the nation’s economy last year, according to the World Travel & Tourism Council’s 2024 Economic Impact Trends Report. Despite the slow return of spending from international travelers, the U.S.
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.
A total of 558 deals* were announced in the travel and tourism sector globally during the first three quarters of 2023, which was a decline of 33% compared to the announcement of 833 deals during the same period in 2022, according to GlobalData, a leading data and analytics company.
The hospitality and tourism industry significantly contributes to the global economy. In 2022, the direct contribution of travel and tourism to the global Gross Domestic Product (GDP) was approximately USD 7.7 trillion, representing a 7.6% trillion, representing a 7.6% trillion, representing 11.6% of the global economy.
Travel & Hospitality brands invest ample amounts towards digital marketing and on personalizing the online booking experience. Only 7% of the survey respondents stated that their destination for a recent trip was motivated by an influencer, according to our tourism market research. When do travelers plan their trips?
The Hospitality Sales & Marketing Association (HSMAI) has revealed its 20th class of the “best and brightest” in the hospitality industry with its list of the 2022 HSMAI Top 25 Extraordinary Minds in Sales, Marketing, Revenue Optimization and Distribution. The 2022 HSMAI Top 25 Extraordinary Minds: Hege V.
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.
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 2022, and China’s growth may bounce slightly from 3.2% this year from 3.2%
The global luxury travel market is huge, not in the number of guests with substantial buying power but the astonishing level of buying power that these luxury travellers have. The global Luxury tourism market had an estimated total revenue of USD 1,308.15 billion in 2022, and is projected to be worth USD 3,023.78
The travel and tourism industry has witnessed a massive 41% year-on-year (YoY) decline in deal activity from 475 deals announced during January-May 2022 to 282* during the first five of months of 2023, reveals GlobalData, a leading data and analytics company.
2022 has left businesses in the tourism and hospitality industry with many important learnings, the most important one being – consumer preferences will be ever-evolving and the key to staying successful at all times is to prioritize guest experience.
The Bahamian destination of Nassau Paradise Island reported its full-year tourism figures for 2022, which reveal that it has more than fully recovered from the pandemic.
Here’s a detailed breakdown of the importance of bleisure travel for hotels and how to attract more bleisure travellers to quadruple your business profitability. . Amidst all of this, what once used to be strict “business-related travel” has now evolved progressively with a hint of “leisure and enjoyment”.
The global luxury travel market is huge, not in the number of guests with substantial buying power but the astonishing level of buying power that these luxury travellers have. billion in 2022, and is projected to be worth USD 3,023.78 billion in 2022, and is projected to be worth USD 3,023.78 billion by 2032.
A total of 179 deals* were announced in the global travel and tourism sector during the first quarter (Q1) of 2023, which is a 40.7% decline compared to the announcement of 302 deals during the same period in 2022, according to GlobalData, a leading data and analytics company.
A total of 558 deals* were revealed in the travel and tourism sector globally during the first three quarters of 2023, which was a decline of 33% compared to the announcement of 833 deals during the same period in 2022, according to GlobalData, a data and analytics company. and 28.4%, respectively. and 28.4%, respectively.
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?
World Tourism Day 2022: SiteMinder launches annual Changing Traveller Report, the largest accommodation-specific traveller survey globally. The Digital Influence Trend: Right now, travellers are the most winnable consumers on earth. The Bleisure Trend: Working travellers want the hotel of the future, today.
If you were hoping for certainty in 2023 after years of turbulence across the travel and hospitality industry, then you’re probably going to be disappointed. Well, it’s a surprisingly positive one for the travel consumer and industry. High inflation and its impact on consumer travel spending. The outlook?
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.
According to the group, a combination of higher average rates and a 20% increase in average length of stay globally from January to September versus the same period in 2021, driven by pent-up demand for leisure travel, contributed to the results.
Critical TourBus components include promoting America as a destination for international travelers, establishing a new top tourism position […]. The post AHLA Releases Statement on 2023 Omnibus Appropriations Bill appeared first on LODGING Magazine.
We are now well into the third quarter of 2024, and the business travel industry is poised for considerable growth. As I travel around the country and internationally, I have noticed an uptick in people traveling for business in most airports that I have frequented. billion in 2022. billion mark by 2032.
According to SiteMinder ’s Changing Traveler Report 2025 , 37% of Americans plan to book their 2025 stays directly, either via a hotel’s website (23.5%) or by contacting the property by phone or email (13%). By contrast, travelers from Indonesia (16.5%) and China (17%) are the least likely to book their hotel stay directly.
Isle of Mull Hotel and Spa has been named Scotland’s ‘Leading Boutique Hotel’ in this year’s World Travel Awards. The award win was announced at the 29th annual World Travel Awards in Spain on Saturday 1 October 2022. The island hotel located within the picturesque pocket of Craignure Bay underwent a £4.5m
According to travel industry site Skift’s State of Travel 2024 report, wellness tourism boasted a growth rate of more than 36 percent from 2020 to 2022. The now multi-trillion-dollar wellness industry shows no signs of slowing down, and the hospitality industry continues to evolve to align with guests’ shifting desires.
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