Transformation of the group in the context of returning shares to the stock exchange in order to achieve growth and development. The return of shares is estimated for 24 June. The move will not affect the TUI UK group continuing to be considered a core operating area. As a brand, TUI is at home in […]
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At this meeting the key members of the European tourism authorities tried to propose solutions and opportunities for the development of the tourism industry worldwide following the impact of the pandemic. The 70th meeting of the UN Tourism Commission for Europe brought together 40 high-level representatives in the Albanian capital. With the participation of nearly […]
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-With construction activity in the European hotel market continuing unabated, around 350 (348 to be precise) new hotels are expected to open in Europe in 2024, according to the latest data from specialist Lodging Econometrics (LE). With the opening of these new hotels, 48,559 new rooms will open this year, while 383 new hotels and […]
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The World Tourism Organization (UNWTO) enters a new era today with a new name and brand: UN Tourism. With this new brand, the Organization reaffirms its status as the United Nations specialized agency for tourism and the global leader of tourism for development, driving social and economic change to ensure that “people and planet” are […]
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At the annual gathering of Europe’s regional airports and their business partners taking place today and tomorrow in Chania, Crete, the latest industry analysis from ACI EUROPE has described a market segment which is simultaneously outperforming with a positive summer ahead, whilst also warning of disparities in the pace and strength of recovery and continued […]
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UNWTO and the European Bank for Reconstruction and Development (EBRD) have successfully worked alongside the Greek Government to help the country’s tourism sector recover from the impacts of the pandemic. As part of a wider effort to boost resilience and accelerate recovery in the wake of the worst crisis in the history of tourism, the […]
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Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,100 hotels spanning more than 95 countries, today announced the continued expansion of its innovative ECHO Suites Extended StaySM by Wyndham brand, which in just one year, now has more than 200 hotels in its development pipeline. Rapidly outpacing initial growth expectations, the developer-driven […]
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TUI Group, TUI Care Foundation and the government of the Region of the Southern Aegean launched the “The Rhodes Co-Lab” project earlier this year. The aim is to develop Rhodes into an international beacon for the sustainable development of holiday destinations. The Co-Lab will work with the local tourism industry and international partners to find […]
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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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Business travel recovery in 2021 proceeded at a slower, more cautionary pace than expected from a year ago. However, global business travel spending is expected to surge in 2022 with full recovery expected in 2024–ending the year on pace with the 2019 pre-pandemic spend of $1.4 trillion, and a year sooner than previously forecast. This […]
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