revival – आवारा मुसाफिर

Tourism fraternity adopts La Palma Declaration

December 1, 2020745 Views

With the aim of establishing actions and commitments to restart international travel, the World Travel & Tourism Council (WTTC) and the Spanish Government hosted a hybrid conference, where leaders from the industry both from the public and private sector participated, covering 95 countries and more than 100 Travel & Tourism companies. This event was organised as a result of WTTC's call for the leaders of G7+Spain, South Korea and Australia for an agreement at the highest level, to save the sector and the millions of jobs that depend on it. The Prime Minister of Spain, Pedro Sánchez, reiterated his commitment to the sector and confirmed the leadership of Spain by holding a major conference to discuss key measures needed to revive international Travel & Tourism. ...

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Deep losses to continue for airlines into 2021

AWARA MUSAFIR BUREAU

November 24, 2020479 Views

The International Air Transport Association (IATA) announced a revised outlook for airline industry performance in 2020 and 2021. Deep industry losses will continue into 2021, even though performance is expected to improve over the period of the forecast. A net loss of $118.5 billion is expected for 2020 (deeper than the $84.3 billion forecast in June).A net loss of $38.7 billion is expected in 2021 (deeper than the $15.8 billion forecast in June). Performance factors in 2021 will show improvements on 2020; and the second half of 2021 is expected to see improvements after a difficult 2021 first half. Aggressive cost-cutting is expected to combine with increased demand during 2021 (due to the re-opening of borders with testing and/or the widespread availability of a vaccine...

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WTTC to establish steering committee to revive international travel

AWARA MUSAFIR BUREAU

October 16, 20201054 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 ...

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Government support crucial for revival of tourism industry in India

UPENDRA SWAMI

September 8, 2020374 Views

Tourism 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 ...

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Japan’s efforts to revive tourism industry not paying enough

AWARA MUSAFIR BUREAU

August 14, 20201045 Views

The 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 ...