It was definitely not what the Indian travel and tourism industry has been expecting. Budget 2021-22 has come as a rude shock for an industry, which has faced the most severe brunt of the COVID-19 pandemic in the last one year. Global tourism suffered its worst year on record in 2020, with international arrivals dropping by 74% according to the latest data from the World Tourism Organization (UNWTO). Destinations worldwide welcomed 1 billion fewer international arrivals in 2020 than in the previous year, due to an unprecedented fall in demand and widespread travel restrictions. This collapse in international travel represented an estimated loss of USD 1.3 trillion in export revenues - more than 11 times the loss recorded during the 2009 global economic crisis. The crisis has put betwee...
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What industry needs is a strong summer of travel More than 100 million jobs could return to the global Travel & Tourism sector during 2021, as the world recovers from the crippling COVID-19 pandemic, says the World Travel & Tourism Council (WTTC). A strong summer of travel is expected as the sector begins its road to recovery from late March onwards, with many major travel companies reporting a significant rise in forward bookings. The sector’s revival is backed by WTTC’s latest economic forecast, which gives further hope for the year ahead to businesses and millions of people employed in the sector worldwide. Last year, during the height of the pandemic, WTTC warned 174 million global Travel & Tourism jobs were at risk. However, in its latest analysis, WTTC’s ...
Read MoreIn 2021, travel will continue to be more about living, working and connecting safely away from home. Wildlife sanctuaries are going to be most sought after as they offer all of that with an added advantage of indulging in nature or adventure the moment office fatigue starts setting in. Travel and tourism industry in India is looking at revival as smog starts enveloping Delhi and its surrounding states in the plains. Tourism industry is resuming operations after months of inactivity due to the Coronavirus pandemic and the ensuing lockdown. In order to ensure that tourists remain safe, the government has issued detailed guidelines that must be adhered to for the industry to operate. eTroupers - a professionally managed hotel and resorts consultancy organisation in India, has launc...
Read MoreThe World Tourism Organization (UNWTO) has once again brought leaders from across the sector together for high-level talks aimed at strengthening cooperation between the public and private sectors. The 42nd Plenary Session of the United Nations specialized agency’s Affiliate Members focused both on immediate priorities for tourism’s vital restart and on the longer-term task of ensuring the sector continues to be a key pillar of sustainable development. The event provided a unique, high-level platform to allow Members to share their best practices and proposals for recovery. With the theme “Recovering Tourism. Rebuilding Trust. Reinforcing Partnerships,” the Session echoed the wider priorities of UNWTO, above all restoring confidence in international travel and promoting collaboration a...
Read MoreThe inevitable has happened. For the first time since WTM London was launched in 1980, there will be no live event. WTM had announced in July that they will have the full blown regular—most awaited travel trade show of the year—as scheduled from November 2-4, 2020. But that was not going to happen. WTM has now said that, after working tirelessly to organise a physical show, because of increasing number of travel restrictions and the uncertainty around the world, it had become practically impossible for many overseas visitors to attend in person. WTM London's Senior Director Simon Press said, "Additionally, there remains uncertainty around business events and conferences being allowed to take place in the UK.” Hence, after 40 years of everyone coming to WTM, WTM London 2020 is coming to...
Read MoreFollowing extensive discussions with a number of governments around the world and a letter signed by 120 CEOs to the Heads of State of the G7, the World Travel & Tourism Council (WTTC) believes an internationally coordinated plan to save Travel & Tourism is a step closer, and could be sealed before the middle of October. The World Travel & Tourism Council (WTTC) has been in talks with a number of governments regarding a globally coordinated plan of action to bring clarity for travellers on COVID-19 testing and reporting, and save the financially-damaged Travel & Tourism sector. WTTC, which represents the global Travel & Tourism private sector, has been calling for international leadership to save the struggling sector and protect millions of jobs under ...
Read MoreTourism industry is among the worst impacted industries due to the COVID-19 pandemic and all sectors including airlines and hospitality have been severely impacted. A helping hand, largely from government, is definitely required for the survival of tourism industry in India. Now what is debated in tourism industry is whether it should be in form of a direct financial grant or not! Government itself has not offered any views on that. Following the news that the Indian Association of Tour Operators (IATO) has urged the government to provide relief to the tourism sector that is in dire straits due to COVID-19; Animesh Kumar, Director of Travel and Tourism Consulting at GlobalData, a leading data and analytics company, said, that, “India, with over 4.2 million confirmed cases, is only ...
Read MoreThe global travel and tourism industry is among the worst hit due to COVID-19 pandemic and deal activity in the sector is muted. Japan too is not an exception, though the country seems to be keen on reviving the industry by introducing new initiatives. However, with the resurgence of new COVID-19 cases and mixed response amid criticism and concerns over second wave of infections, deal making sentiment is expected to remain subdued for some more months, says GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that the number of deals announced in the Japanese travel and tourism industry decreased by more than 50% in Q2 2020 compared to Q1. In a bid to revive COVID-19 battered domestic tourism industry, Japan rolled out a travel ...
Read MoreWith dates and schedule for WTM London confirmed, hopes are now pinned on the meet to give the now rudderless travel and tourism industry a definite course for the years to come. Although WTM is an annual feature, but the way COVID-19 has made a catastrophic effect on the industry, this year’s met has garnered much interest among the tourism leaders worldwide to see what lies ahead. Therefore, there is no doubt that Ministers’ Summit at WTM has gained importance to set out a roadmap for a safer, greener and smarter future for the sector. The summit is the largest annual gathering of tourism ministers and will feature a day-long think-tank on Monday 2nd November during WTM London – the leading global event for the travel industry. About 100 ministers are expected to take part, along...
Read MoreTravel industry’s much awaited international annual event- World Travel Mart (WTM) London will take place as scheduled between November 2 and November 4, 2020. Thus, it promises to be one of the first major exhibitions to take place globally since the COVID-19 Pandemic. This was confirmed when the UK Government announced the resumption of the exhibitions industry in the country from October 1, 2020. World Travel Market London 2019, ExCeL London - The WTM Team This decision meant that England can once again welcome international business delegates from around the world. With travel industry all around the world, reeling under the catastrophic pandemic effect, this WTM gains a lot of importance for industry leaders to chalk out a strategy for coming out of this crisis. WTM London, the...
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