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.
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.
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.
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.
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!
Start-up prizeotel currently operates 3 hotels with a total of 555 rooms in Hamburg, Hannover and Bremen.
The government is introducing the minimum living wage of £7.20 per hour (25 year olds and over) in April this year and operators will have to find a way of absorbing this increased cost.
2016 outlook for the global hotel industry as Fitch expects global RevPAR growth will modestly decelerate to a healthy 3% to 5%.