International tourism continues to show signs of a strong and steady recovery from the impact of the pandemic despite significant mounting economic and geopolitical challenges. According to the latest UNWTO World Tourism Barometer, international tourism saw a strong rebound in the first five months of 2022, with almost 250 million international arrivals recorded. This compares […]
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The World Travel & Tourism Council (WTTC) warns the Travel & Tourism sector’s recovery is at serious risk as nearly 130,000 jobs go unfilled across the UK. According to the global tourism body, the UK is expected to see a shortfall of 128,000 jobs, with one in 14 job openings expected to remain vacant. Restaurants […]
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GlobalData’s Company Filing Analytics reveals that environment, social and governance (ESG), COVID-19 and geopolitics are the top three themes mentioned by European tourism companies so far in 2022, respectively, indicating that these are the most pressing issues that the continent’s tourism industry faces. As shown by the leading data and analytics company, ESG is the […]
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A new analysis by the World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism business sector, estimates 412,000 Travel & Tourism jobs in the U.S. will remain unfilled this year, putting in serious jeopardy the recovery of the sector. According to WTTC’s data, one in 18 jobs remained vacant during the […]
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Cruise Lines International Association (CLIA), the world’s largest cruise industry trade association, welcomes the completion of sustainability destination assessments in the popular Greek cruise destinations of Corfu and Heraklion. The project, co-funded by CLIA in partnership with the two municipalities and port authorities, was conducted by the Global Sustainable Tourism Council (GSTC), using the GSTC […]
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TUI, the UK’s largest tour operator, has today issued reassurance and advice for hundreds of thousands of holidaymakers as they prepare to get away for summer. Recently voted “Most Trusted Travel Company”, TUI was one of only three airlines in the UK that managed to run more than 99% of its planned flying programme in […]
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ACI EUROPE has today welcomed the European Commission’s proposal to finally reinstate standard airport slot usage rules for the upcoming Winter 22/23 season. Accordingly, airlines will be required to use airport slots they have been allocated for 80% of the time in order to keep them during the following corresponding season – putting an end […]
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As concerns over Covid-19 wane, Europe is expected to recover 70% of pre-pandemic travel demand in 2022 Sudden surge in consumer demand coupled with staff shortages pose serious challenges for the sector going into the summer months Long-haul travel into Europe continues to lag significantly behind short- and medium-haul recovery Uncertainty brought about by worsening […]
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As announced, TUI has again repaid state aid from the Corona programme and also further reduced its credit lines. On June 30, 2022, Silent Participation II of 671 million euros was repaid in full, plus interest due, to WSF (Economic Stabilisation Fund). The repayment was made with the proceeds from the successful capital increase in […]
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The World Travel & Tourism Council (WTTC) today publishes ‘Critical Factors to Attract Hotel Investment’, a new report highlighting the importance of attracting capital investment to enable the Travel & Tourism sector’s full growth potential post COVID-19, following a 25% drop in 2020. The report, launched today at the Sustainability and Investment Summit taking place […]
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