Driven by M&A, partnerships, and strategic alliances, to grow by USD 21.21 billion from 2024-2028 The Travel Services Market in India is a thriving industry, catering to various segments of travelers, from individual adventurists to corporate professionals. Air travel is a significant part of this market, with both low-cost and full-service airlines offering competitive prices and routes. Online travel services have revolutionized the industry, allowing travelers to book flights, accommodations, transportation, and tour packages with just a few clicks. AI and robotics are being integrated into travel services, providing personalized recommendations and seamless booking processes. The sharing economy, including homestays and car rentals, is also gaining popularity. Solo travelers...
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Kerala turned a new milestone in its tourism steeped in resilience, as Kerala Travel Mart (KTM) 2024 concluded on Sunday with a stronger projection of its variety destinations celebrated for their all-weather charm. While wedding and cruise tourism earned focus at the four-day event organized by KTM Society, more than 2,800 buyers and stalls totaling 347 made the 12th edition busiest in the history of the biennial event. By making the proceedings paperless through a software app, authorities stuck to the green protocol that enhanced the international image of the state on the tourism map. The final day witnessed huge rush, as general public visited the venue at Sagara-Samudrika Convention Centre at Willingdon Island in huge numbers from noon. KTM Society, which is now into its s...
Read MoreAI is driving market evolution and rising disposable income boosting revenue With the rise of easy internet access and widespread smartphone usage, consumers now rely on online reviews to plan their adventure holidays. This trend significantly benefits the travel industry, enabling travelers to research and book adventure activities with confidence. Online portals provide essential information, including testimonials, destination images, and weather reports, making it easier for travelers to make informed decisions. The availability of maps, guides, and food and lodging options further enhances the convenience. Overall, the online review system is a key trend driving the growth of the adventure tourism market. The Global Adventure Tourism Market size is estimated to grow by USD 5.78...
Read MoreAlthough it took three years for the global travel and tourism sector to fully recover after COVID-19, the entire market has picked up the pace of solid growth and is on its way to reaching a new massive milestone. According to data presented by Stocklytics.com, the global travel and tourism industry is expected to gross $927 billion in revenue this year, 8.3% more than in 2023. This figure will grow by 14% and hit over one trillion dollars in 2027. Camping and cruises will remain the fastest-growing segments Four years after COVID-19 hit, it seems like the travel and tourism sector was never down on its knees, with people worldwide spending billions of dollars on traveling and vacation. Although inflation has significantly raised the prices of accommodation and tourist services,...
Read More2024 set to be a historic year for the sustainability initiative The World Travel & Tourism Council (WTTC) has announced that its Hotel Sustainability Basics (Basics) has achieved a significant milestone, with 3,400 properties now verified across almost 80 countries. Designed to help hoteliers on their first steps to improve their sustainability ratings and raise the bar of sustainability across the global hospitality industry, this independent global sustainability verification programme is overseen by internationally recognised verifiers Green Key and SGS. It empowers hotels of all sizes to follow a 12-step programme aimed at reducing carbon emissions, promoting nature conservation, and ensuring local communities benefit from a hotel's operations. This latest achieve...
Read MoreWTTC and STGC release new Travel & Tourism Social Impact Report New research from the World Travel & Tourism Council (WTTC) and Sustainable Tourism Global Center (STGC), initiated by the Ministry of Tourism of Saudi Arabia, reveals that the global Travel & Tourism sector is delivering soaring employment opportunities to women and young people around the world. The report shows that the Travel & Tourism sector directly employed a rapidly rising number of women between 2010 and 2019, increasing from 38.6 million to 47.8 million, an increase of 24%. It also found hospitality to be the leading employer of women within the sector, accounting for more than half of female employment. Young workers are shown as an important component of the sector’s workforce, repr...
Read MoreWellness and health tourism stands ready to offer significant benefits for destinations worldwide – but will need coordination, investments and a skilled workforce to fully deliver on its potential. That was the key takeaway message as leaders from the public and private sectors met for the UNWTO Conference on Education and Skills in Medical and Wellbeing Tourism in Sofia, Bulgaria. In organizing the conference within the framework of its 68th Regional Commission for Europe, UNWTO made clear the growing importance of health and wellbeing tourism as a pillar of growth and opportunity. # UNWTO Secretary-General Zurab Pololikashvili joined Ilin Dimitrov, Minister of Tourism for Bulgaria, in opening the conference, applauding Bulgaria for identifying the potential of health tourism...
Read MoreSome 86% of senior executives of large luxury hotel chains expect revenue to increase this year when compared to 2022. This is according to new global research commissioned by world-leading communication technology company Communications Specialist Ltd. Nearly one in 12 (8%) of the senior luxury hotel executives interviewed anticipate revenue growth of up to 10% on last year for the organisations they work for, and half predict growth of between 10% and 30%. A further 12% anticipate growth of between 30% and 50%, and some 16% expect revenue to be at least 50% higher. When comparing expected revenue streams for this year to 2019, 92% anticipate some form of revenue growth. Expected revenue growth in 2023 when compared to 2022Percentage of senior luxury hotel executives i...
Read MoreMetaverse operations, autonomous electric vehicles, and the digital economy set to transform the industry SITA’s Meet the Megatrends report Several powerful megatrends – from young, highly connected travelers to the arrival of electric air taxis – will exert an immense influence on air travel over the next decade, forcing industry, governments, and technology to adapt rapidly. This is according to “Meet the Megatrends,” a new report from SITA that examines 12 emerging technological, societal, traveler, and economic trends that will significantly morph the travel landscape by 2033. These megatrends do not exist in silos but operate in an evolving ecosystem where emerging technologies interconnect the trends and help drive them forward. Data is at the heart of this ecosystem....
Read More55 government ministers, 250 tourism CEOs and 60 ambassadors meet at WTTC summit 3-day annual summit attracts nearly 3000 delegates from 140 countries Sustainability, communities, technology & unlocking potential dominate debate Rwanda capital Kigali to host next WTTC Global Summit in 2023 The leaders of the global travel and tourism industry left the Saudi capital of Riyadh and the biggest ever World Travel & Tourism Council Summit last night with a renewed sense of optimism, shared future goals and a stronger commitment to collaborative cross-border strategies to drive a successful future for the sector. The three-day summit attracted decision makers from every corner of the world as host nation Saudi Arabia hosted 55 Government Ministers, 250 travel and tou...
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