Category: REPORTS

ACI calls on regulators to support the economic sustainability of airports for the benefit of travellers and communities

fgioupi930Leave a Comment on ACI calls on regulators to support the economic sustainability of airports for the benefit of travellers and communities

Airports Council International (ACI) World today calls on regulators to support the economic sustainability of airports as social and economic engines of communities worldwide and for the benefit of the travelling public. The call to action supports the recent ACI World Resolution Restoring Economic Equilibrium that urges governments to acknowledge the changed risk profile of […]

Continue Reading

STR: London hotel performance remained steady in December

money-tourism663Leave a Comment on STR: London hotel performance remained steady in December

London hotel average daily rate (ADR) and revenue per available room (RevPAR) came in higher than the 2019 comparable for an eighth consecutive month, according to preliminary December 2022 data from STR.   Occupancy: 76.8% Average daily rate (ADR): GBP206.87 Revenue per available room (RevPAR): GBP158.89 London’s ADR and RevPAR levels were up 31.0% and 25.1%, […]

Continue Reading

Trending destinations in 2023: Active tourism, nature and wellness

money-tourism789Leave a Comment on Trending destinations in 2023: Active tourism, nature and wellness

The year 2022 will be remembered as the year of tourism recovery for many of the most traditional destinations in Europe, the Caribbean and the Middle East. We learned that underlying travel demand remained intact once there was a removal of mobility restrictions. However, the motivations and interests shown by travellers in this tourism revival […]

Continue Reading

EUROCONTROL: 2022 – The year European aviation bounced back

money-tourism1418Leave a Comment on EUROCONTROL: 2022 – The year European aviation bounced back

2022 was the year European aviation weathered the storm, with the year closing on 9.3 million flights: 3.1 million more than last year, even if still 1.8 million fewer than 2019. That represents a solid 83% of 2019 traffic, achieved despite the Omicron spike at the start of the year, and the invasion of Ukraine […]

Continue Reading

What’s really going on with business travel?

fgioupi696Leave a Comment on What’s really going on with business travel?

Messaging regarding the recovery of the business travel segment has been mixed. Since the onset of the COVID-19 pandemic, a number of the industry’s leading voices have claimed that business travel will never fully recover due to changing working habits – namely remote working and digital nomadism; company cost reduction; and a growing awareness of […]

Continue Reading

ETC: Consumer attitudes & future expectations to drive Tourism recovery

fgioupi1831Leave a Comment on ETC: Consumer attitudes & future expectations to drive Tourism recovery

The European tourism sector continues to bounce back from the COVID-19 pandemic. Europe enjoyed a strong travel rebound over the summer months of 2022, as people want to make up for experiences lost to the pandemic. However, the sector faced other major challenges this year such as staff shortages, increased living costs, and an energy […]

Continue Reading

WTTC: International cities remain the backbone of global Travel & Tourism

fgioupi1898Leave a Comment on WTTC: International cities remain the backbone of global Travel & Tourism

The World Travel & Tourism Council (WTTC) launched its Cities Economic Impact Report (EIR) at the 22nd Global Summit in Riyadh today. Sponsored by Visa, the report shows cities remain the powerhouses of global tourism and will drive the recovery of the sector and economies around the world. The Cities EIR analyses 82 international city […]

Continue Reading

UNWTO: Tourism recovery accelerates to reach 65% of pre-pandemic levels

fgioupi1929Leave a Comment on UNWTO: Tourism recovery accelerates to reach 65% of pre-pandemic levels

International tourism is on track to reach 65% of pre-pandemic levels by the end of 2022 as the sector continues to bounce back from the pandemic. An estimated 700 million tourists travelled internationally between January and September, more than double (+133%) the number recorded for the same period in 2021. This equates to 63% of […]

Continue Reading

STR & TE maintain ADR and RevPAR forecast in the last U.S. hotel forecast revision of 2022

fgioupi1238Leave a Comment on STR & TE maintain ADR and RevPAR forecast in the last U.S. hotel forecast revision of 2022

STR and Tourism Economics adjusted occupancy slightly downward but maintained previous projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2022. Revenue per available room (RevPAR) remains on track for full recovery this year on a nominal basis but not until 2025 when adjusted […]

Continue Reading