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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.
According to UN Tourism, more than 285 million tourists travelled internationally in January-March, about 20% more than the first quarter of 2023, underscoring the sector’s near-complete recovery from the impacts of the pandemic. International tourist arrivals reached 97% of pre-pandemic levels in the first quarter of 2024.
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.
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. Book a demonstration of our award-wi nning hotel management software here.
The Travel & Tourism sector entered 2023 like a marathon runner hitting the last six miles of a race. It fought its way through almost two years of the COVID-19 pandemic — only to be overwhelmed, as the disease waned, by an unprecedented surge in travel by people tired of quarantines and lockdowns.
The World Travel & Tourism Council’s (WTTC) 2023 Economic Impact Research (EIR) today reveals the UAE Travel & Tourism sector is projected to meet the 2019 peak this year.
The World Travel & Tourism Council’s (WTTC) 2023 Economic Impact Research (EIR) today reveals the Greek Travel & Tourism sector is projected to near pre-pandemic levels this year.
The World Travel & Tourism Council’s (WTTC) Travel & Tourism Economic Impact 2023 Global Trends Report today reveals an encouraging resurgence in Travel & Tourism investment, overcoming pandemic setbacks and signalling a strong return to growth.
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.
Speaking at a panel session at the Hyatt Regency Pravets Resort in Bulgaria today, World Travel & Tourism Council (WTTC) President & CEO Julia Simpson revealed that the WTTC 2023 Economic Impact Research (EIR) today forecasts that 10% of the Bulgarian economy will come from Travel & Tourism by 2033.
The World Travel & Tourism Council’s (WTTC) 2023 Economic Impact Research (EIR) today reveals China’s Travel & Tourism sector’s GDP contribution is forecast to grow more than 150% this year.
The World Travel & Tourism Council’s (WTTC) 2023 Economic Impact Research (EIR) today reveals India’s Travel & Tourism sector is in strong recovery and will be within touching distance of the pre-pandemic peak this year.
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
The countdown for TIME 2023 on the Island of the Gods began. Indonesia’s most popular tourist destination, Bali, is “getting the honor” of hosting another prestigious international event”, said Ida Bagus Agung Partha Adnyana, Chairman of the Bali Tourism Board.
For its 17th edition, the 2023 UNWTO-PATA Forum (Guilin, China, 26-27 October) put the focus on maximizing the sector's ability to drive growth, build economic resilience and contribute to the Sustainable Development Goals.
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.
Accentuated by upticks in brand loyalty and outbound tourism, Americans expressed their strong appetite for travel in the Winter Edition of MMGY s Portrait of American Travelers study. travel consumers, the survey found that nearly 8 in 10 U.S. travel consumers, the survey found that nearly 8 in 10 U.S.
Organisations and individuals making outstanding contributions towards the successful promotion of the travel and tourism industry throughout the Asia Pacific region are encouraged to submit entries to the PATA Gold Awards 2023. The deadline for submissions is May 31, 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.
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%
Worldwide: Preferred Hotel Group, the parent company of Preferred Hotels & Resorts , Beyond Green , PTG Consulting and others, has rebranded to Preferred Travel Group. The new corporate identity of Preferred Travel Group reflects the company’s growing suite of services beyond the hotel sector. .
The outlook for travel to Europe is promising despite global pressures such as high inflation, Russian aggression in Ukraine and consequent energy crisis, and the looming economic recession.
Updated forecasts for 39 Asia Pacific destinations, released by the Pacific Asia Travel Association (PATA) today, show a very strong increase in aggregate international visitor arrivals (IVAs) under each of three scenarios in 2023, with robust annual growth continuing to the end of 2025.
Europe’s tourism recovery is maintaining its momentum despite economic headwinds, with one quarter of reporting destinations surpassing pre-pandemic levels of foreign arrivals based on year-to-date data. Those allowing travel from Russia are among these destinations reporting a positive performance.
PhocusWire presents the Hot 25 Travel Startups for 2023 - our annual list of new companies in travel, tourism and hospitality that we think will make a mark next year.
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.
The World Travel & Tourism Council’s latest research suggests that the U.S. Travel & Tourism sector will grow beyond 2019’s pre-pandemic peaks by the end of 2023, with the industry exceeding even full recovery.
The Pacific Asia Travel Association (PATA) is set to organise the PATA Annual Summit and Adventure Mart 2023 in Pokhara, Nepal from May 29 – June 1. The event will be hosted by the Nepal Tourism Board (NTB).
Did you know that hotel taxes contribute billions of dollars annually to local economies, funding everything from infrastructure projects to tourism promotion? For travelers, these taxes can significantly impact the overall cost of a stay, while for hoteliers, understanding and complying with these taxes is critical to avoid penalties.
in 2023 (IBISWorld). The contribution to GDP of the tourism industry on the whole is currently 1.6% (Statista). Other figures from Statista are as follows: Australia’s hotel segment specifically is forecasted to see revenues of US $6.75 From 2018-2023, the industry within Australia declined by 4.9% are 45-54; and 13.6%
The latest figures released by the Federal Statistical Office (FSO) have put even more spring in Swiss tourism’s step. Night stays in Switzerland for the months of June and July 2023 were recently published. higher in June 2023 versus June 2023. And the news is good! Night stays (or hotel stays) were 8.6% year on year.
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.
The tourism and hospitality sector are growing precipitously – but what has often gotten lost amidst the din is the extraordinary revival of domestic tourism. According to McKinsey’s recent report on the state of the sector, in 2023 75% of trips worldwide were taken domestically. Even in Western Europe this figure sits at 58%.
More than 60 conference sessions are lined up for WTM, the world’s most influential travel & tourism event, empowering the global travel community, and reminding them they have the Power to Change travel.
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 Pacific Asia Travel Association (PATA) is pleased to announce that Alwin Zecha, founder of the Pacific Leisure Group, has been inducted into the PATA Gallery of Legends. 5, 2023 at Daniel K. A ceremony was held today on Jan. Attendees included PATA Hawaii’s chair and board members and Zecha’s family.
The travel industry has been waiting. Waiting for Chinese travelers to return to the global tourism stage in a significant way. While there was some recovery in 2023, outbound travel from China remained largely in the role of supporting actor rather than the main character.
In a milestone event that promises to reshape the contours of the global Travel & Tourism sector, the World Travel & Tourism Council (WTTC) today unveils the bold theme and agenda for WTTC’s 23rd Global Summit taking place in Kigali, Rwanda: "Building Bridges to a Sustainable Future".
The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) has revealed today that the Albanian Travel & Tourism sector contributed more to the economy and supported more jobs in 2023, than any previous year on record.
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