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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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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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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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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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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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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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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A new era of growth has begun for AEGEAN, with the official reveal of its new livery and branding as well as the presentation of the first three new generation Airbus A320neo, equipped with latest technology Pratt & Whitney engines. Sealing a 20 years course of successful operation in Greece, AEGEAN sets a solid ground […]
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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 […]
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“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. […]
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