Tag: Tourism

International corporate travel falling amid 'economic uncertainty', research shows

International corporate travel falling amid ‘economic uncertainty’, research shows

International corporate travel has declined while domestic trips are on the rise, year on year figures for the first quarter of 2024 have shown. Research by HotelHub has revealed "an uncertain business travel environment" driven by persistent inflationary measures after the company analysed more ...

Eva Air Signs Letter of Intent with Tat to Promote Thai Tourism

EVA Air, Taiwan’s leading independent airline, has signed a Letter of Intent (LOI) with the Tourism Authority of Thailand (TAT) to cooperate in the promotion of Thailand’s tourism for the mutual benefit of the two parties, which will see EVA Air’s global route network used to boost visitor num...

Japan’s tourism to approach pre-pandemic levels next year

The World Travel & Tourism Council (WTTC) has revealed the travel and tourism sector in Japan will provide a significant boost to the nation’s economic recovery next year, with its GDP contribution set to reach near pre-pandemic levels. The forecast from WTTC’s Economic Impact Report (EIR...

Ukraine conflict set to cost international tourism $10.6bn

The latest tourism sector analysis by hotel booking platform, hoo, has shown that the Ukraine-Russia conflict could cost $10.6bn in lost tourism revenue across not only the four nations considered to be within the red zone, but the four neighbouring countries that are also being impacted. While U...

European travel demand expected to be just 20% below

Uncertainty brought about by the Omicron variant negatively impacted Europe's travel and tourism sector at the end of Q4 2021, hampering prospects for its recovery in the first quarter of 2022. Nonetheless, optimism remains as the European Travel Commission (ETC) predicts tourist arrivals to be j...

UK Travel & Tourism sector may only recover by a third this year, says WTTC

The World Travel & Tourism Council (WTTC) says the UK’s Travel & Tourism sector’s year on year recovery may only claw back a third, whilst international travel spending continues to plummet. Latest research from WTTC, which represents the global Travel & Tourism sector, shows the ...

Saudi Arabian tourism buoyed by domestic demand

As Saudi Arabia forges ahead with Vision 2030, with tourism earmarked as a key economic driver, tourism and travel leaders from the Kingdom convened at the ATM 2021 Saudi Arabia Tourism Summit on the Global Stage yesterday to discuss the strategy’s positive repercussions for the country, its peopl...

International tourism spend tumbles by $753.6bn in 2020

Research by Hoo, the hotel room offer platform, has estimated that the global tourism industry has endured an estimated loss of $753.6bn as a result of Covid, and that’s across the top 50 countries alone with the total impact likely to be far higher. Hoo analysed data from the World Tourism Org...

SunExpress to focus on Turkish tourism market

SunExpress is restructuring its business to focus more on the Turkish tourism market. A joint venture between Lufthansa and Turkish Airlines, SunExpress has decided to concentrate its operations on leisure flights to and from Turkey, as well as on domestic Turkish air traffic. Having made a sign...

London Stansted boosts flights to India with new service

Trade and tourism industries across the East of England and London are set to receive a major boost from the launch of a new Air India service between London Stansted and India’s economic hub Mumbai next month. The new three-times a week service begins on February 21 initially for the winter s...

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