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 […]

Continue Reading

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 […]

Continue Reading

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 […]

Continue Reading

ITB Berlin and IPK International: Increase in outbound trips from Germany

Despite Germany’s already high volume in outbound trips, the figures have grown by a further two per cent. Following a slump in recent years, trips from Germany to Turkey recorded double-digit growth. According to the latest findings of the World Travel Monitor® by IPK International, at eight per cent city breaks were the growth driver […]

Continue Reading
money tourism photo

TUI Group: Operating result of 893 million euros in financial year 2019

“At an operating result of 893 million euros, TUI Group delivered a successful financial year 2019. Even in a challenging year for the tourism sector, TUI delivered a strong operating performance, a robust balance sheet and growth in its Hotels & Resorts and Cruises core businesses,” said CEO Fritz Joussen, speaking in Hanover on Wednesday. […]

Continue Reading
ksd copyroght

4% growth at Athens airport, during May 2017

During May, the airport’s passenger traffic reached 1.87 million and presented a healthy growth of 4%. This outcome was formulated by the diverseevolution of the domestic and international markets. International passengers enjoyed robust rise of 7.3%, whereas domestic passengers were below2016 levels (-1.9%). Greek residents presented an overall growth at the level of 12%, while […]

Continue Reading
kenny ryanair

Ryanair launches 5 point plan to double growth of EU Tourism & create 2m new jobs

Ryanair launched a 5 point plan to grow European tourism by 10% and highlighted the benefits of low cost aviation to the regions. Speaking at the Malta Tourism Conference, Ryanair’s Chief Marketing Officer Kenny Jacobs, emphasised how low fare flights were a key driver of regional tourism and job creation, which could help grow tourism […]

Continue Reading

TUI Group delivers good start to financial year 2016/17

Q1 2016/17: underlying EBITA up 17.0 per cent Q1 turnover climbs by 8.5 per cent1 Growth driven by Northern Region, RIU and Cruises Further post-merger synergies worth 5 million euros delivered Full-year earnings growth guidance reiterated – underlying EBITA to grow by at least 10 per cent1 CEO Joussen: “Transformation of our Group makes TUI […]

Continue Reading

VOLOTEA keeps growing in Greece and connects Athens with Mykonos and Mytilene

Offering 764flights and 95.500 seatsfrom Athens in 2016 to six destinations, growing more than 65%. More than 366.000 passengers carried by Volotea in Greece since the beginning of the operation in the country, flying to 12 Greek airports May 12th, 2016 – Volotea, the airline of mid and small-sized European cities, hosted today a press […]

Continue Reading