The travel and tourism sector has become a prime focus for cyberattacks in recent times, resulting in ransomware incidents arising from data breaches. Against this backdrop, cybersecurity concerns within the industry have escalated with a 4% year-on-year (YoY) rise in 2022, reflecting the prevailing sentiment, says GlobalData, a leading data and analytics company. An analysis of GlobalData’s Company Filings Analytics Database found that sentiment for airlines, travel services, and lodging rose by 6%, 4%, and 1%, respectively, in 2022 over 2021. Misa Singh, Business Fundamentals Analyst at GlobalData, comments: “Companies are consistently working on information and network security projects to set up a reliable technical protection and security management mechanism to ensure cust...
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Sector’s total water footprint less than 1% of the global total; water intensity reduced by a fifth The World Travel & Tourism Council (WTTC) and the Saudi-based Sustainable Tourism Global Center have unveiled groundbreaking new data detailing the total water usage of the global Travel & Tourism sector. In one of the largest research projects of its kind, WTTC can for the first time ever, accurately report and track the impact the sector has on the environment. The findings were launched today at the United Nations in New York at the UN 2023 Water Conference. Direct Water Use Speaking at the UN Headquarters, Chris Imbsen, Director of Sustainability at WTTC, revealed that Travel & Tourism’s entire water footprint is just 0.6% of the global water use according...
Read MoreNew UNWTO report to support climate action in the tourism sector UNWTO has released a new report highlighting the progress that global tourism has made in measuring greenhouse gas emissions as well as the challenges the sector still faces. As more and more organizations make commitments through the Glasgow Declaration on Climate Action in Tourism and engage in measurement towards target setting and decarbonization, it will become increasingly important that the tourism sector reaches consensus over how it approaches measurement, and that the methodologies and tools are in place to facilitate the rapid and urgent acceleration of engagement. These tools will be needed to engage and mobilize the sector, but also to track its essential progress towards the commitments it has made for 20...
Read MoreUNWTO celebrates official opening of ITB Berlin Tourism is on track to achieve full recovery this year and ready to deliver on its potential as a pillar of peace and sustainability, UNWTO has told sector leaders at ITB in Berlin. As the leading tourism trade fair celebrates its first in-person event since 2019, UNWTO data shows that more than twice as many people travelled internationally in January as they did at the start of last year. According to UNWTO Secretary-General Zurab Pololikashvili, the message is clear: "Tourism always comes back", and the return of ITB, alongside the recent re-opening of China, is clear proof of renewed confidence in international travel. Building a better tourism Secretary-General Pololiksahvili was invited to be part of the official ...
Read MoreWTTC reveals footprint data, emissions intensity decreased by more than 26% in 10 years Sector’s GDP grew 7.3% annually on average, whilst its greenhouse gas emissions increased by just 4% The World Travel & Tourism Council (WTTC) and the Saudi-based Sustainable Tourism Global Center have unveiled revolutionary new data detailing the climate footprint of the Travel & Tourism sector in the Asia Pacific region (APAC). According to the data, between 2010 and 2019, the APAC Travel & Tourism sector decoupled its economic growth from its greenhouse gas emissions. Woman tourist walking in Wangfujing food street at Beijing, China. Copyright (c) 2017 Maridav/Shutterstock The new data for the region reveals the total contribution to APAC’s GDP grew on average 7.3% annua...
Read MoreWTTC and Saudi-based Sustainable Global Tourism Center launch inaugural Environmental & Social Research Between 2010 and 2019 the sector’s GDP has grown on average 4.3% annually whilst its climate footprint increased by just 2.4% The World Travel & Tourism Council (WTTC) on Tuesday unveiled groundbreaking new data detailing the climate footprint of the global Travel & Tourism sector. The findings were launched on Tuesday at the global tourism body’s 22nd Global Summit in Riyadh by the World Travel & Tourism Council and the Saudi-based Sustainable Global Tourism Center. In a world-first, this comprehensive research covers 185 countries across all regions and will be updated each year with the latest figures. During her opening speech Julia Simpson, Pres...
Read MoreRevenues to Grow by 20% YoY to $852B in 2023 The global travel and tourism sector is bouncing back after the hardest two years in its history, although still vulnerable to global economic conditions, the war in Ukraine, and new variants of Covid-19. According to data presented by AugustaFreePress.com, travel and tourism revenues are set to reach $716.8bn in 2022, showing a huge 45% YoY increase. The revenue growth is expected to continue in 2023, with revenues rising by another 20% YoY to $852bn worldwide. Cruise Industry still lagging behind Until the COVID-19 pandemic, the global tourism sector had seen almost uninterrupted growth for decades. With billions of dollars spent on hotels, cruises, vacation rentals, and package holidays each year, the entire market hit a $776...
Read MoreCouncil members and G20 Ministers gather in Bali as part of the Tourism Ministerial meeting under the Indonesian Presidency Public-private collaboration is critical to achieving a full recovery of the sector; said WTTC President & CEO The Travel & Tourism private sector was invited to the G20 Tourism Ministers’ meeting on Monday, when the World Travel & Tourism Council (WTTC) addressed the Group of Twenty in Bali, Indonesia. During her speech at the critical meeting, Julia Simpson, WTTC President & CEO, said that while Travel & Tourism is recovering following more than two years of pain, enhanced collaboration between the public and private sector is needed now more than ever if we are to achieve a full recovery and ensure a sustainable future. Simpso...
Read MoreWTTC publishes ground-breaking report on how Travel & Tourism can reverse nature loss A new report published by the World Travel & Tourism Council (WTTC), shows how Travel & Tourism can play a critical role in halting and reversing the destruction of nature. The report, which will help businesses understand and manage their impact on biodiversity, is launched ahead of the UN Biodiversity Conference (COP15) in December, where global governments will finalise actions to transform society’s relationship with nature, offers new hope for global nature conservation. ‘Nature Positive Travel & Tourism’, created jointly with ANIMONDIAL, a key advisor to global Travel & Tourism on animal and nature protection, and in collaboration with global businesses within the s...
Read MoreFAITH, the policy federation of all the ten national associations representing the complete tourism, travel and hospitality industry of India - ADTOI, ATOAI, FHRAI, HAI, IATO, ICPB, IHHA, ITTA, TAAI & TAFI has proposed ‘PM - HINES’ or ‘Prime Minister - Holiday in India Export Support’ for the upcoming foreign trade policy to fast track tourism, travel and hospitality exports from India. PM - HINES is a combination of two existing similar support mechanisms of the government of encouraging duty-free exports and PLI scheme. On similar concept, to increase tourism, travel and hospitality exports from India PM - HINES is based on two key market principals Drawback of all domestic duties, levies and taxes which have become implicitly built into the price of tourism in India M...
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