As the curtains closed on the World Travel & Tourism Council’s (WTTC) 2024 Global Summit in Perth, Western Australia, the global tourism body announced the Italian capital of Rome as the host city for the 2025 WTTC Global Summit. The 2025 Global Summit marks the first time the event will be held in the historic heart of Italy, the seat of ancient empires and cultural heritage. One of the world’s most popular destinations, the Global Summit in Italy will see business leaders and government delegations from around the world, converge in the city to discuss the latest challenges facing the sector, as well as the solutions of tomorrow. Scheduled for late 2025, the 25th Global Summit will be staged in collaboration with the Italian Ministry of Tourism and marks a significant r...
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The World Travel & Tourism Council’s (WTTC) 24th Global Summit in Perth (Boorloo), Western Australia, kicked off today with an update to its ground-breaking environmental footprint data. WTTC’s latest Environmental & Social Research (ESR), created in partnership with the Ministry of Tourism of Saudi Arabia, reveals that in 2023 Travel & Tourism accounted for 6.7% of all emissions globally, down from 7.8% in 2019, when Travel & Tourism was at its peak. The research showcases an important achievement with the sector’s economic contribution growing faster than its environmental impact. Last year, Travel & Tourism’s contribution to global GDP almost reached pre-pandemic levels at US$9.9TN, just 4% shy of the sector’s peak. However, in 2023 global GHG emissi...
Read MoreGlobal GDP impact predicted to exceed $11 trillion in 2024 Unprecedented job numbers expected in the sector, says WTTC The World Travel & Tourism Council (WTTC) is projecting a record-breaking year for Travel & Tourism in 2024, with the sector’s global economic contribution set to reach an all-time high of $11.1 trillion. According to the global tourism body’s 2024 Economic Impact Research (EIR), Travel & Tourism will contribute an additional $770BN over its previous record, stamping its authority as a global economic powerhouse, generating one in every 10 dollars worldwide. As the global sector soars past its pre-pandemic prosperity, WTTC expects 142 countries of 185 analysed will be outperforming previous national records. In partnership with Oxford Econ...
Read MoreBeginning the year with massive inbound numbers from last year and encouraging growth projections, Saudi tourism is racing ahead on its remarkable journey. Saudi aims to make India its top source market targeting 7.5 million visitors within the next seven years. Committed to the Indian market, Saudi Tourism Authority (STA) hosted a series of power-packed networking events held across four cities – Mumbai, Ahmedabad, Bengaluru, and Delhi for the members of the Indian travel trade associations. The STA delegation with key stakeholders engaged with over 500 travel agents and tour operators from these key cities. STA also organised sales mission in collaboration with leading Destination Management Companies (DMC) across all four cities, engaging with key trade partners. It showcased STA’s ...
Read MoreThe recent conclusion of The Travel & Tourism Fair (TTF) in Chennai, India marked yet another successful event, characterized by its fruitful business meetings and insightful discussions. Chennai, as one of India's four metropolitan cities and a vibrant hub for tourism, serves as the host city for TTF, the largest regional travel tradeshow in the Southern circuit, strategically timed right before the summer holidays. From March 15th to 17th, TTF Chennai 2024 took place in the vibrant state of Tamil Nadu. The event brought together a diverse range of exhibitors, industry professionals, and travel enthusiasts for three days of networking, collaboration, and exploration. With over 160 exhibitors, including domestic and international travel brands, TTF Chennai 2024, an integral ...
Read MoreBahrain Tourism and Exhibitions Authority (BTEA) successfully concluded its three-city roadshow in India from February 12th to February 16th, 2024. The event featured the participation of 17 partners from Bahrain who visited Ahmedabad, Delhi, and Bangalore, engaging in meaningful interactions with the travel trade fraternity of these cities. The Bahraini delegation comprised leading Destination Management Companies (DMCs), hoteliers, and airline partners, with high focus on the Indian market. Through over 150 productive one-on-one Business-to-Business (B2B) meetings, BTEA effectively showcased Bahrain's diverse tourism offerings to the travel trade professionals of the three cities. Additionally, the team delivered concise destination presentations highlighting Bahrain's cultural, ...
Read MoreMakes third consecutive appearance at OTM; 50% surge in visitation from India since 2022 • This year, the Saudi Tourism Authority (STA) returns with a stronger delegation, comprising key stakeholders such as DMOs, DMCs, Hotels, Tour Operators and Airlines Saudi Tourism Authority (STA) is all set to participate in the upcoming edition of Outbound Travel Market (OTM), scheduled from February 8-10 at the Jio World Convention Centre in Mumbai. The event serves as a platform focused on strengthening ties between the travel trade and key stakeholders from the world’s fastest-growing tourism destination. STA’s continued presence at OTM Mumbai is a testament to its burgeoning tourism industry. A delegation comprising 20 key Saudi stakeholders and prominent associates from various secto...
Read MoreMajor new reports from the World Travel & Tourism Council (WTTC) and Microsoft highlight the transformative power of AI (Artificial Intelligence) for Travel & Tourism, marking a commitment to a digital future with unparalleled customer experiences. The first in a series of AI reports, announced during the global tourism body’s event at FITUR and in collaboration with WTTC’s Industry Partner, Microsoft, is poised to redefine Travel & Tourism standards and call on the sector for greater integration of such technologies. As the global leader in Travel & Tourism, WTTC is committed to driving innovation and supporting the sector to embrace AI and other cutting-edge technologies. To promote sustainability and excellent customer experiences, WTTC acknowledges the crucial im...
Read MoreThe World Tourism Organization (UNWTO) has entered a new era with a new name and brand: UN Tourism. With this new brand, the Organization reaffirms its status as the United Nations specialized agency for tourism and the global leader of tourism for development, driving social and economic change to ensure that “people and planet” are always center stage. To achieve this goal, UN Tourism engaged the services of Interbrand, the leading global branding agency. Interbrand successfully translated the Organization’s renewed vision for tourism into a new visual identity and brand narrative. This involved renaming the Organization, transitioning from UNWTO to UN Tourism. At the same time, a new brand narrative was meticulously crafted, one that seamlessly aligns with UN Tourism’s centra...
Read MoreAlbeit interim, the Union Budget of India offers significant opportunity as a growth accelerator for the travel & tourism sector - a valuable contributor to the country’s GDP and a powerful employment engine. With just a few days to go, Indian tourism industry expects a multi-pronged approach from the government to stimulate its growth. Madhavan Menon, Executive Chairman, Thomas Cook India Ltd. said, "The Travel & Tourism sector represents a vital economic driver: With a 5.8% contribution to India’s GDP (2022) and the government’s target of achieving $1 trillion by 2047, the sector forms a strong force multiplier - across allied sectors, employment generation and foreign exchange receipts. Our expectations from the Union Budget include key pivots to transform India into a des...
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