COVID-19 sparks a dramatic 58% collapse in the sector’s contribution to GDP, 680,000 jobs lost with many more still hanging in the balance
U.S. maintains top travel market despite 41% slide in GDP
UK records the biggest fall by three places among the world’s top 10 largest tourism markets in 2020 with a staggering GDP fall of 62.3%.
Travel & Tourism sector’s contribution to UK GDP slumped £148 billion in 2020
Impact of COVID-19 sparks a 62.3% collapse in the sectors GDP.
Cross Hotels & Resorts heads to China
Cross Hotels and Resorts, one of Asia’s fastest-growing hotel and resort operators, has set its sights on the burgeoning Chinese travel market and hosted a series of roadshows in three key cities.
The DIY hotelier: Hotels in the digital age
The emergence of smart technologies and their interaction with the hotel and B&B market has resulted in future growth prospects becoming less apparent. With the rise of apps such as Airbnb and Hostelworld becoming players in the market, this is compromising the traditional hotel spaceÕs ability to compete competitively in the market.
