New research from ForwardKeys, which has the freshest and most comprehensive air ticketing data available, reveals that flight bookings to the USA have soared following two announcements that the destination would reopen to vaccinated foreign travellers in November. By mid-October, weekly bookings exceeded 70% of pre-pandemic levels. The first announcement was made on 20th September, […]
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Latest research from the World Travel & Tourism Council (WTTC) shows Europe’s Travel & Tourism sector’s year on year recovery may only achieve a growth of 23.9% this year. The data from WTTC says this slow recovery is due to travel restrictions throughout the year, particularly in the first half, which continued to hinder the sector’s […]
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Two of the four world regions, Europe and Asia Pacific, showed an increase in hotel pipeline activity at the end of the third quarter, according to September 2021 data from STR. September 2021 (% changes in comparison with September 2020) Europe In Construction: 230,265 rooms (+6.6%) Final Planning: 171,988 rooms (+5.9%) Planning: 148,565 rooms (-4.8%) […]
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Along with practically every aspect of our lives, the course of travel has been redefined repeatedly over the past year and a half, with seismic shifts propelling us towards a continuously evolving version of the ‘new normal.’ A deepening and increasingly complex relationship with technology, a heightened awareness of the human impact on the planet […]
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• The research is welcome news for the travel industry, with 50% of travelers expecting to take a flight for business later this year • The global study of nine markets provides insight on traveler attitudes and sentiment around restrictions, digital health data and sustainable travel The survey of 9,074 consumers across France, Germany, India, […]
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The UBS Global Real Estate Bubble Index 2021, a yearly study by UBS Global Wealth Management’s Chief Investment Office, indicates that the bubble risk has on average increased during the last year, as has the potential of a severe price correction in many of the cities tracked by the index. Frankfurt, Toronto, and Hong Kong […]
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What will the future look like for travel after the abrupt standstill in early 2020? With vaccinations on the rise and infections on the decline in the US, a growing number of consumers are eager to get away. Many have the financial wherewithal, having been hunkered down at home for much of the past year, […]
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According to the latest Long-Haul Travel Barometer 3/2021 (LHTB), intentions to travel to Europe between September and December 2021 remain weak in key overseas markets. Results suggest that as long as COVID-19 safety concerns persist, many will remain cautious about visiting European destinations. However, with vaccination rates continuing to improve across the globe, there is […]
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The Travel & Tourism sector’s continued sluggish recovery will see its year-on-year contribution to global GDP rise by less than one third in 2021, according to new research from the World Travel & Tourism Council (WTTC). WTTC, which represents the global Travel & Tourism private sector, says the recovery of the sector has been hampered by […]
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The International Air Transport Association (IATA) reported that air travelers are increasingly frustrated with the COVID-19 travel restrictions. A survey commissioned by IATA of 4,700 respondents in 11 markets in September demonstrated confidence that the risks of COVID-19 can be effectively managed and that the freedom to travel should be restored. 67% of respondents felt […]
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