The World Travel & Tourism Council (WTTC) today unveiled the remarkable growth of Travel & Tourism in France last year, with the sector’s GDP contribution surging by nearly 6% year-on-year to a record-breaking €246BN. According to the global tourism body’s latest research, in 2023, Travel & Tourism soared 4.3% above the previous peak, representing 8.8% […]
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Τhe market reached a value of $9.5 billion in 2022 and is projected to achieve $17.5 billion by 2032, with a compound annual growth rate (CAGR) of 6.6% from 2023 to 2032, based on the latest report on the Airport Baggage Handling System Market. The global expansion of air travel has resulted in a surge […]
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Following the announcement by Andrés García-Tenorio, HBX Group CFO for the past 20 years, of his intention to leave the business in the next 12 months following a planned succession process, Brendan Brennan, a highly respected and experienced PLC CFO, has been appointed as his successor, effective from October 2024. At the same time, CEO […]
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The Middle East and North Africa (MENA) region is driving the growth of luxury travel, characterised by high spending and a growing preference for sustainable, eco-luxury and cultural immersion, Mastercard’s latest report ‘Affluent Travel: a Middle East Perspective’ reveals. The report, which was unveiled at Arabian Travel Market 2024, sheds light on key trends shaping […]
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Wyndham Hotels & Resorts reported a strong first quarter, with its global development pipeline climbing 8%. Riding on increased interest from owners, its development pipeline touched a record 243,000 rooms. There was growth in new openings, franchisee retention and net room growth across the globe for the 15th consecutive quarter. The Parsippany, N.J.-based lodging company […]
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Mirai operates in 13 global offices and works with 3,400 hotel clients worldwide. Its offerings include a powerful booking engine, 3D Hotel Digital Twin, increasing revenue and maximizing hotel performance. Hotel direct sales technology provider Mirai plans to exceed 7 million room nights by 2024. Mirai, proudly announces the close of 2023 with an impressive […]
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Ryanair shows a spectacular increase in its flights and also in the number of customers who book to travel with this airline, if we compare the data in March 2023 with those of 2024. In March 2024, Ryanair, Europe’s leading airline, experienced a remarkable surge in passenger numbers. A total of 13.6 million guests took to the skies, marking […]
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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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Outbound travel recorded a double-digit increase of 33% in 2023, compared to 2022, down 12% from pre-pandemic 2019, marking another big step towards a return to pre-pandemic levels, with a full recovery projected in 2024, according to the findings of IPK International’s latest World Travel Monitor on global outbound travel trends, presented by ITB Berlin. […]
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-Results above forecasts for 2023, confidence in growth prospects for 2024 Driven by solid demand in 2023, Accor managed to set new records in terms of operational and financial performance. All regions and segments enjoyed strong growth thereafter in 2022, a year marked as a recovery year after the Covid pandemic. All performance metrics were […]
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