article thumbnail

International Tourism to end 2023 close to 90% of pre-pandemic levels

eHotelier

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.

article thumbnail

Europe’s tourism rebound predicted to continue into 2023

eHotelier

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

WTTC: U.S. remains most powerful travel & tourism market

Hotel Business

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.

article thumbnail

WTTC: Capital investment in travel & tourism to reach nearly $1T

Hotel Business

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.

article thumbnail

WTTC: U.S. travel & tourism to reach record high this year

Hotel Business

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

article thumbnail

What luxury travellers want, and how to attract them

eHotelier

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

article thumbnail

European tourism resilient in face of low consumer confidence

eHotelier

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.

130
130