The International Air Transport Association (IATA) expects overall traveler numbers to reach 4.0 billion in 2024 (counting multi-sector connecting trips as one passenger), exceeding pre-COVID-19 levels (103% of the 2019 total). Expectations for the shape of the near-term recovery have shifted slightly, reflecting the evolution of government-imposed travel restrictions in some markets. The overall picture […]
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A letter about the Russian invasion in Ukraine, but also for the shareholder of the TUI group Mordashov, was sent to its associates, by the CEO of the group Fritz Joussen. TUI Group CEO Fritz Joussen, explains that he is overwhelmed by the situation in Ukraine, emphasizes that the shareholder Mordashov is not involved in […]
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Mabrian Technologies, a tourism intelligence platform, has developed a map showing the top 20 countries that depend most on Russian tourism, from the point of view of air connectivity. These countries would see their tourism sector affected in the coming months if the crisis between Russian and Ukraine lengthens, given that an effect is expected […]
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The World Tourism Organization (UNWTO) and the World Health Organization (WHO) have called for the lifting of travel bans as they do not provide added value and continue to contribute to economic and social stress. The two UN agencies agreed to collaborate on a global trust architecture for recovery of the travel sector. Over recent […]
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Posidonia 2022 will be held this summer from June 6-10, with the 27th edition of the world’s most prestigious shipping event gearing up to welcome the international maritime community back to its Athens Metropolitan Expo venue, following the pandemic-induced disruption of the 2020 event. Already, nearly 90% of the exhibition floor is committed, and as […]
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Uncertainty brought about by the Omicron variant negatively impacted Europe’s travel and tourism sector at the end of Q4 2021, hampering prospects for its recovery in the first quarter of 2022. Nonetheless, optimism remains as the European Travel Commission (ETC) predicts tourist arrivals to be just 20% below pre-pandemic levels in 2022, in spite of […]
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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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Revenue in Q1 2022 at 2.37 billion euros, five times higher than in the previous year (Q1 2021: 468 million euros) 2.3 million guests travelled with TUI in the period under review – more than four times as many guests as in the comparable quarter of the previous year (previous year: 0.5 million) Liquidity also […]
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