After experiencing steady year-over-year growth in project totals from 2014 to 2020, Europe’s hotel construction pipeline has been declining since Q2 2020, according to Lodging Econometrics, due to development and opening delays, project cancellations and challenges like COVID-19. At the end of 4Q21, Europe’s pipeline fell slightly lower than 2019’s year-end totals at 1,824 projects […]
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New research from ForwardKeys, which has the freshest and most comprehensive, commercially available air ticketing data, reveals that flight bookings to and from the UK have soared following the government’s announcement that COVID-19 testing would no longer be required for fully vaccinated travellers entering the UK. The day after the announcement by UK Transport Secretary, […]
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WTTC research projects sector’s GDP contributions could reach almost $2 trillion, a 6.2% increase from 2019, with Easter and summer travel bookings helping bolster economic recovery. The World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism sector, today announced its latest economic modeling projecting that U.S. Travel & Tourism could rebound […]
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Ineffective travel restrictions imposed by the UK Government to combat Omicron caused an estimated £7bn loss to the UK economy last year, due to a massive drop in contributions from the country’s embattled Travel & Tourism sector, according to WTTC. The attack on Travel & Tourism at the end of last year until January 2022 […]
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UK duty free spend is forecast to plummet by 70% between 2019 and 2025 owing to new rules introduced in January 2021 which only enable alcohol and tobacco to be purchased duty free. Germany and France will overtake the UK’s number one position to become Europe’s biggest duty free markets, by 2025. The UK’s share […]
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Major new research from the World Travel & Tourism Council (WTTC) has revealed the global Travel & Tourism sector’s contribution to the global economy could reach $8.6 trillion this year, just 6.4% behind pre-pandemic levels. In 2019, before the pandemic stopped travel in its tracks, the Travel & Tourism sector generated nearly $9.2 trillion to […]
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Tripadvisor, the world’s largest travel guidance platform, today announced that its community of travelers has enabled the company to reach a major and historic Internet milestone: 1 BILLION reviews and opinions. Tripadvisor was founded 22 years ago by current President and CEO Stephen Kaufer, Langley Steinert, Nick Shanny and Tom Palka. Reaching this incredible landmark comes just […]
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A total of 1,080* deals were announced in the global travel and tourism sector during 2021, which is an improvement of 1.3% over the 1,066 deals announced during 2020, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Deal activity in the travel and tourism sector consistently improved […]
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Long-haul travel was a key driver of growth for the European tourism sector in the years before the COVID-19 pandemic but has been severely impacted since then. 2021 saw the start of a recovery, especially from the US market. In 2022, the global vaccine roll-outs will help Europe regain some of its prior prominence in […]
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Although consumers’ adoption of sustainable behaviour in tourism has been growing in the past years, research has shown that the global pandemic has driven more sustainable travel trends. Generally, travellers seem to be adopting greener options and paying closer attention to their impact on the environment and local communities. However, the willingness to adopt a […]
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