Growth rates in Travel & Tourism set to outstrip Portugal GDP at 3.4% per annum over next decade with some 200,000 new jobs.
Tourism set to inject over $2.6 billion into the U.S. economy over next decade
Revenue from Travel & Tourism will make up almost 10% of U.S. economy.
Sri Lankan economy could suffer loss of LKR8.2 billion every month
WTTC warns Sri Lankan economy could suffer a shortfall of more than LKR8.2 billion every month it’s on the UK’s ‘red list’ for travel.
U.S. tourism sector suffered loss of $766 billion in 2020
Research conducted by the global tourism body shows the impact of COVID-19 to the U.S. economy in 2020 and states the return of international travel will open a pathway to recovery.
Epidemic containment measures must not impede economy
As efforts to contain the epidemic enter a critical stage, it is important to remember that the costs cannot be measured purely in economic terms, as the measures are taken will have implications for life expectancy across the entire nation.
UNWTO: International tourism numbers and confidence on the rise
The latest issue of the UNWTO World Tourism Barometer from the World Tourism Organization shows that international tourism continued to grow over the first quarter of 2019. Though at a slower rate when compared with the last two years.
Trends shaping booking behaviour in Asia Pacific
Corporate travel is on the rise in the region, but people are doing it differently
Hospitality staffing post-Brexit: The sums do not add up!
Put simply, evenÊgiven low levels of migration there will not be a big enough working age population to fill all of the jobs that will be available. The sums do not add up!
Affordable hospitality ripe for the Philippines
A view on how the booming middle class and growing domestic travel market has big implications for hotels in the Philippines – the first in a series looking at hospitality in South East Asia.
Rezidor buys prizeotel to get into the economy segment
Start-up prizeotel currently operates 3 hotels with a total of 555 rooms in Hamburg, Hannover and Bremen.
