Tag: ECONOMY

WTTC: World Tourism to reach an all-time high in 2024 | $16 trillion contribution to the global economy over the next 10 years

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The World Travel and Tourism Council (WTTC) predicts that 2024 will be a record year for travel and tourism, with the sector’s global economic contribution reaching an all-time high of $11.1 trillion. While, by 2034, the industry will contribute an astonishing $16 trillion to the global economy. According to the World Tourism Organization’s Economic Impact […]

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The 2024 tourism year for Turkey predicts a strong growth

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Turkey is proving popular, with the number of German visitors already showing double-digit growth, according to new statistics. In general, Turkey has seen a strong attraction of foreign tourists in recent times. Overall, the Mediterranean destination saw a strong increase in foreign tourists in January and February compared to the previous year. Germans flocked to […]

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Optimistic messages from the contacts of the Deputy Minister of Tourism of Cyprus at ITB Berlin

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Kostas Koumis, Deputy Minister of Tourism, who was the head of the Cypriot Delegation at the famous tourism exhibition ITB Berlin, successfully concluded his contacts in Germany on issues concerning the aviation sector and the negative image of the German economy. Specifically, Mr. Koumis held a series of contacts with the heads of tourism organizations […]

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WTTC: France to keep its crown as most popular destination for international visitors

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Latest flight booking data from the World Travel & Tourism Council (WTTC) and its knowledge partner ForwardKeys, shows France is set to keep its pole position as the world’s most popular destination for international arrivals this year. The research reveals a positive outlook for France’s inbound travel, with arrivals set to almost reach pre-pandemic highs […]

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UN report underscores importance of Tourism for economic recovery in 2022

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The important role that tourism will play in the recovery of national economies and global trade has been highlighted in the 2022 edition of the World Economic Situation and Prospects (WESP) report by the United Nations. Drawing on data from the World Tourism Organization (UNWTO), WESP underlines the sector’s importance for the world economy and […]

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The Global Wellness Economy stands at $4.4 trillion amidst the disruptions of Covid-19|Forecast about $7 rrillion by 2025

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The nonprofit Global Wellness Institute (GWI) today unveiled its much-anticipated research report, “The Global Wellness Economy: Looking Beyond Covid”, which provides new global market data on the overall wellness economy and for each of its eleven sectors. The 100-page report answers the big questions: How did the shock of COVID-19 impact the wellness industry? Which […]

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Almost 180,000 UK Travel & Tourism jobs could be lost if restrictions return, warns WTTC

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Up to 180,000 jobs could be lost across the UK Travel & Tourism sector this year, if travel restrictions are reimposed this winter, according to alarming new data from the World Travel & Tourism Council (WTTC). WTTC, which represents the global private Travel & Tourism sector, made the warning after an analysis which showed the […]

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GlobalData: Indian tourists will be some of the most desirable travellers

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Indian tourists will be some of the most desirable travellers, given India’s growing economy, young population and rising middle class, according to GlobalData. The leading data and analytics company notes that the country is projected to reach record levels of 29 million outbound trips by 2025 – a buoyant outlook considering the strains of COVID-19. […]

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UNWTO: Global economy could lose over $4 trillion due to COVID-19 impact on tourism

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The “crash” in international tourism due to the coronavirus pandemic could cause a loss of more than $4 trillion to the global GDP for the years 2020 and 2021, according to an UNCTAD report published on 30 June. The estimated loss has been caused by the pandemic’s direct impact on tourism and its ripple effect […]

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