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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.

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Courtleigh Hospitality Group Marketing Chief honored with 2023 CMEx leadership award

eHotelier

Nicola Madden-Greig (OD), Group Director of Marketing & Sales at The Courtleigh Hospitality Group, was among a cadre of Caribbean tourism industry luminaries honored with a 2023 Caribbean Media Exchange (CMEx) Leadership Award recently in Miami.

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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% The sector is set to contribute $2.24

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IHG Hotels and Resorts signs MOU with the Saudi Tourism Authority to accelerate growth of tourism

eHotelier

IHG® Hotels & Resorts, one of the world’s leading hotel companies with more than 6,000 hotels, across 18 distinct brands, has signed a Memorandum of Understanding (MOU) with the Saudi Tourism Authority (STA) at the Arabian Travel Market 2023.

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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. From 2010-2019, investment grew steadily at 4.3%

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U.S. Travel & Tourism sector exceeding previous records

Hotel Business

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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GlobalData: Travel and tourism sector deal activity down 12.6%

Hotel Business

A total of 347 deals—comprising mergers and acquisitions (M&A), private equity and venture financing deals—were announced in the global travel and tourism sector during the first half (H1) of 2024, which was a year-on-year (YoY) decline of 12.6% However, markets such as the U.K., 11.1%, and 41.7% in deal volume.