Travel & tourism’s critical contribution to global economic advancement is being elevated on the Annual Meeting agenda through a series of high-level, dedicated official sessions led by Saudi Arabia’s Tourism Minister Al-Khateeb, featuring influential sector leaders. Saudi Arabia is seeking to champion the transformative power of travel and tourism, focusing on collaboration and partnership development to catalyze sustainable, cross-border, multi-sector economic growth. The pivotal role of tourism in driving economic diversification will take center stage at the World Economic Forum (WEF) Annual Meeting in Davos this week. Saudi Arabia’s Minister of Tourism, Ahmed Al-Khateeb, will participate in the WEF Annual Meeting as part of the Saudi delegation led by Prince Faisal bin ...
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With 1.4 billion international tourist arrivals recorded globally, 2024 marked the recovery of international tourism from the worst crisis in the sector’s history. A majority of destinations welcomed more international tourists in 2024 than they did before the pandemic, while visitor spending also continued to grow strongly. According to the latest World Tourism Barometer from UN Tourism, an estimated 1.4 billion tourists travelled internationally in 2024, indicating a virtual recovery (99%) of pre-pandemic levels. This represents an increase of 11% over 2023, or 140 million more international tourist arrivals, with results driven by strong post-pandemic demand, robust performance from large source markets and the ongoing recovery of destinations in Asia and the Pacific. The Mid...
Read MoreWill showcase it as a key industry for sustainable social and economic development International Tourism Trade Fair will be held from January 22 to 26, 2025 with a firm commitment to boosting business and knowledge exchange. In its 45th edition, FITUR aligns itself with the global challenges of tourism, placing sustainability at the heart of its agenda in order to contribute to solid economic growth. Tourism has reached 790 million international tourists, generating a direct global economic impact of approximately USD 3.4 trillion in the first seven months of 2024, according to UN Tourism statistics. Given this magnitude, the International Tourism Trade Fair, which closed its last edition with more than 250,000 attendees and the participation of 9,000...
Read MoreAs 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...
Read MoreThe 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...
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