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UN report underscores importance of Tourism for economic recovery in 2022

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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IATA: Passenger traffic improved in November

The International Air Transport Association (IATA) announced that the recovery in air travel continued in November 2021, prior to the emergence of Omicron. International demand sustained its steady upward trend as more markets reopened. Domestic traffic, however, weakened, largely owing to strengthened travel restrictions in China. Because comparisons between 2021 and 2020 monthly results are […]

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UNWTO and the Asian Development Bank have launched a joint report on the use of big data for better tourism planning and management

The report features examples from across the Asia and the Pacific region while also showcasing the main trends in the use of big data in tourism at the forefront of technology and innovation. The report also makes clear the the role that big data can play in recovery and the measurement of the economic, social, […]

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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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GBTA: From setback to surge – Business travel expected to fully recover by 2024

Business travel recovery in 2021 proceeded at a slower, more cautionary pace than expected from a year ago. However, global business travel spending is expected to surge in 2022 with full recovery expected in 2024–ending the year on pace with the 2019 pre-pandemic spend of $1.4 trillion, and a year sooner than previously forecast. This […]

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New forecast signals uneven recovery in business international travel segments

Days after the U.S. reopened its land and air borders to vaccinated international visitors, U.S. Travel Association released its biannual forecast which shows an uneven recovery for the international inbound and business travel segments, while domestic leisure travel has returned to near pre-pandemic levels. The forecast, based on analysis from Tourism Economics, projects that domestic […]

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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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STR and Tourism Economics Forecast U.S. hotel demand and ADR will near full recovery in 2022

U.S. hotel demand as well as average daily rate (ADR) on a nominal basis will near full recovery in 2022, according to the upgraded forecast just released by STR and Tourism Economics at the 43rd Annual NYU International Hospitality Industry Investment Conference. Additionally, revenue per available room (RevPAR) on a nominal basis is projected to […]

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