New report from WTTC analyses critical factors for hotel investment post pandemic

The World Travel & Tourism Council (WTTC) today publishes ‘Critical Factors to Attract Hotel Investment’, a new report highlighting the importance of attracting capital investment to enable the Travel & Tourism sector’s full growth potential post COVID-19, following a 25% drop in 2020. The report, launched today at the Sustainability and Investment Summit taking place […]

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Eurobound finds travelers spending more and upgrading accommodations

Independent travelers are forging ahead with plans to visit Europe, despite the uncertainty posed by Omicron, according to a new survey by Eurobound, which offers packages and programs to independent travelers. Pent-up demand, a growth in disposable income, and the widespread availability of vaccines are fueling a demand for upscale, independent travel to Europe in […]

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Airline passenger capacity forecasted for 47% growth in 2022

Global aviation analytics firm Cirium, has released its second annual Airline Insights Review, which reveals an industry in recovery and poised for a projected 47% growth in capacity (the number of seats flown) in 2022. This steep increase indicates capacity could return to 2015 levels by the end of next year. Last year, the pandemic […]

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AirDNA: Holiday cheer ahead for Europe as demand, revenues continue recovery

Demand, measured by the number of listing nights stayed over the previous month, was just 8.3% below that of October 2019 (+48.9% over 2020). This is a substantial improvement from September, when demand was 25% lower than in 2019, and the highest percent change since the start of the pandemic, according to AirDNA. Average daily […]

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U.S. Travel & Tourism Rebounds in 2021, May Surpass Pre-Pandemic Levels in 2022

The latest research from the World Travel & Tourism Council (WTTC) reveals the U.S. Travel & Tourism sector could experience year-over-year growth of 35.6% in 2021, significantly outpacing the year’s overall global tourism recovery. The outlook is even more rosy for 2022, with the travel sector in the U.S. expected to grow by another 28.4%, […]

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ETC: Pre-pandemic levels of european travel will not be achieved until 2024

Despite a strong summer rebound, international tourist arrivals to Europe are forecast to be 60% below 2019 by the end of 2021. European tourist arrivals were still down 77% half-way through the year relative to 2019. European air passenger growth gained momentum over the months of June (-69%), July (-57%) and August (-49%) compared to […]

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WTTC: Europe travel & tourism sector lags global recovery

Latest research from the World Travel & Tourism Council (WTTC) shows Europe’s Travel & Tourism sector’s year on year recovery may only achieve a growth of 23.9% this year. The data from WTTC says this slow recovery is due to travel restrictions throughout the year, particularly in the first half, which continued to hinder the sector’s […]

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WTTC research reveals Travel & Tourism’s slow recovery is hitting jobs and growth worldwide

The Travel & Tourism sector’s continued sluggish recovery will see its year-on-year contribution to global GDP rise by less than one third in 2021, according to new research from the World Travel & Tourism Council (WTTC). WTTC, which represents the global Travel & Tourism private sector, says the recovery of the sector has been hampered by […]

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IATA: Losses reduce but challenges continue|Cumulative $201 billion losses for 2020-2022

The International Air Transport Association (IATA) announced its latest outlook for airline industry financial performance showing improved results amid the continuing COVID-19 crisis: Net industry losses are expected to reduce to $11.6 billion in 2022 after a $51.8 billion loss in 2021 (worsened from the $47.7 billion loss estimated in April). Net 2020 loss estimates […]

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US Travel Agency Air Ticket Sales Increase 1,914% Year Over Year

Airlines Reporting Corp. (ARC) today released data showing net sales (Ticket Sales) from ARC-accredited travel agencies totaling $4.2 billion in June 2021, an 800% increase compared to June 2020. The June 2021 total is the second month of 18% month-over-month growth and the third consecutive month of a double-digit sales increase. Month over month, June […]

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