economy – आवारा मुसाफिर

Travel & Tourism enriches people faster than the overall economy, says WTTC

February 11, 2021670 Views

The World Travel & Tourism Council (WTTC), which represents global Travel & Tourism private sector, has released a new Social Impact Paper focusing on the Travel & Tourism sector, which has been compiled to showcase the importance of Travel & Tourism as a driver of social impact. This paper is part of a major WTTC initiative and that will see further work in the future. The first iteration of the initiative is the Social Impact Paper, which shows how much of an important role Travel & Tourism plays, not only in driving economic growth, but also in enhancing social progress across the world through its diverse and inclusive nature, ability in enriching communities and as a creator of jobs and alleviating poverty, and catalyst for innovation and entrepreneurship. ...

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Tourism in top Asian destinations will take time to recover

AWARA MUSAFIR BUREAU

November 3, 20201080 Views

Even though major economies across the Asia-Pacific (APAC) started negotiating travel bubble pacts with their key source countries to revive the tourism sector, recovery to pre-COVID-19 pandemic levels may take time even after all restrictions are withdrawn, says GlobalData, a leading data and analytics company. International tourist arrivals in the APAC region declined by more than 75% in the first eight months of 2020. Hong Kong reported a loss of more than 90% international visitors in the same period, followed by Japan, South Korea, Macau with more than 80%, and Singapore and Thailand by 79% and 75%, respectively. China, where the COVID-19 was first reported, reported the highest reduction in inbound visitors of 87% in Q1 2020. Aditi Dutta Chowdhury, Economic Research Analys...

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WTTC to establish steering committee to revive international travel

AWARA MUSAFIR BUREAU

October 16, 20201056 Views

The World Travel & Tourism Council is to spearhead a major global drive to revive international travel with the public and private sector working together in partnership. Last week, G20 Tourism Ministers hosted more than 45 CEOs and Members of WTTC, who at the request of Saudi Arabia, presented their Jobs Recovery Plan to save the besieged Travel & Tourism sector and 100m jobs globally. The WTTC Jobs Recovery Plan could save 65 million jobs across all G20 countries, including Spain. Regionally, Asia Pacific could save the most, with 45.8 million jobs, followed by the Americas with 20.2 million and Europe with 19.9 million. During the historic G20 Tourism Ministers session, WTTC and its Members presented their plan to save the embattled Travel & Tourism sector and ...