travel industry – Page 2 – आवारा मुसाफिर

Global tourism leaders leave Riyadh with renewed optimism

December 1, 2022292 Views

55 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...

खबरनामाट्रैवल उद्योग

Global tourism leaders discuss importance of partnerships

AWARA MUSAFIR BUREAU

November 29, 2022667 Views

22nd WTTC Global Summit begins in Riyadh, biggest event in its history Global tourism leaders have highlighted the importance of government partnerships in creating a “safer, more resilient, and sustainable future” for the sector during the opening panel session on the first day of the WTTC Global Summit in Riyadh. Taking place in Riyadh, Saudi Arabia WTTC’s highly anticipated Global Summit is the most influential Travel & Tourism event in the calendar and the largest ever Summit with nearly 3000 delegates form 140 countries participating. WTTC’s 22nd Global Summit is set to be the largest event in its history. The panel came after an opening speech by Saudi Arabia’s Minister of Tourism Ahmed Al-Khateeb, who highlighted how tourism is set to create 126 million jobs in the nex...

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1.2 million Travel & Tourism jobs across the EU will remain unfilled

AWARA MUSAFIR BUREAU

July 20, 2022148 Views

Travel agency segment forecasted to be worst hit by a 30% shortfall of workers, unless urgent action is taken The World Travel & Tourism Council (WTTC) and the European Travel Commission (ETC) warn the Travel & Tourism sector’s recovery could be put at serious risk if almost 1.2 million jobs remain unfilled across the EU. The challenging summer labour shortfall has been revealed by WTTC in its latest analysis of the sector and calls for urgent action to address this critical issue. In 2020, when the pandemic was at its peak, the Travel & Tourism sector across the EU suffered the loss of almost 1.7 million jobs*. In 2021, when governments began to ease travel restrictions and travellers’ confidence improved, the sector’s direct contribution to the EU’s economy r...

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India’s Travel & Tourism could surpass pre-pandemic levels by year end

AWARA MUSAFIR BUREAU

May 31, 2022522 Views

# Travel & Tourism’s GDP expected to outpace economy# More than 2.4 million jobs could be created every year Research conducted by the World Travel & Tourism Council (WTTC) has revealed the Travel & Tourism sector’s contribution to the Indian economy could surpass pre-pandemic levels this year, with a year-on-year growth of 20.7%. The forecast from the WTTC’s latest Economic Impact Report (EIR), shows the sector’s contribution to the nation’s economy could reach almost ₹15.9 trillion (U.S. $215 billion) in 2022, 1% above 2019 levels. Employment levels are set to grow to almost 35 million Travel & Tourism jobs, with an 8.3% growth this year. Over the next decade, India’s Travel & Tourism’s GDP is expected to grow at an average of 7.8% annually, compared ...

खबरनामाट्रैवल उद्योग

Nearly 8M new travel & tourism jobs to be created in Europe

AWARA MUSAFIR BUREAU

May 13, 2022741 Views

# Sector expected to grow at double the rate of the overall economy over next 10 years# Europe’s Travel & Tourism sector bounce back could approach pre-pandemic levels next year The World Travel & Tourism Council’s latest Economic Impact Report (EIR) reveals Europe’s Travel & Tourism sector is expected to create nearly eight million new jobs within the next decade. The forecast from the World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism private sector, also shows the sector will be a driving force behind Europe’s economic recovery, following more than two years of suffering. FILE PHOTO: People spend time on the beach during a heatwave in Alimos suburb, south of Athens, Greece July 1, 2021. REUTERS/Costas Baltas Over the next...

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Subscription services could potentially transform the travel industry

AWARA MUSAFIR BUREAU

April 23, 2022746 Views

Subscription services have disrupted almost every industry, but the customer-focused model remains relatively nascent in the travel industry, observes GlobalData. The leading data and analytics company notes that its popularity could rise as travel subscriptions, whereby travelers typically pay a monthly fee to receive benefits such as discounted prices and personalized travel content, represent a compelling way for businesses to build brand loyalty. Hannah Free, Travel and Tourism Analyst at GlobalData, comments: “More and more businesses are moving away from the traditional product economy to the ‘subscription economy’. The subscription economy refers to the increasing presence of subscription-based businesses in today's ecommerce landscape as opposed to the traditional pay-per-produ...

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Global Travel & Tourism sector unites to support Ukraine

AWARA MUSAFIR BUREAU

April 13, 2022799 Views

From hotel rooms for refugees to vital supplies, WTTC Members show their support to Ukraine Travel & Tourism businesses around the globe have come together to support Ukraine with millions of hotel rooms for refugees escaping the conflict according to the World Travel & Tourism Council (WTTC). WTTC members such as Accor, Airbnb, Carnival Corporation, the European Travel Commission, Expedia, Hilton, InterContinental Hotels Group, Internova Travel Group, Marriott International, MSC Cruises, Radisson, and Uber to name just a few, have opened their doors to refugees in neighbouring countries donating rooms, transport, clothing, food, shelter, urgent supplies and financial contributions. In Ukraine, hotels have continued to stay open offering a base to charities, journalists, ...

खबरनामाट्रैवल उद्योग

Travel companies in fix due to rising energy prices

AWARA MUSAFIR BUREAU

April 6, 20221122 Views

Holiday surcharges are a real possibility in the travel and tourism industry as companies grapple with the rising energy prices. Segments such as lodging, transportation and tourist attraction etc., will certainly be impacted. Therefore, travel and tourism businesses will be in dilemma whether to pass these additional costs on to the consumers or absorb the charges themselves, observes GlobalData, a leading data and analytics company. Unfortunately, this has come at what was expected to be a pivotal year in the travel and tourism industry. Traveler confidence is returning, but low-cost travel options remain highly sought after, especially after the economic hardship due to the pandemic. According to a GlobalData Q3 2021 Global Consumer Survey, *58% of respondents said that ‘cost’ was t...

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Travel & Tourism could grow to $8.6 trillion in 2022, says WTTC

AWARA MUSAFIR BUREAU

February 4, 2022600 Views

Major new research from the World Travel & Tourism Council (WTTC) has revealed the global Travel & Tourism sector’s contribution to the global economy could reach $8.6 trillion this year, just 6.4% behind pre-pandemic levels. In 2019, before the pandemic stopped travel in its tracks, the Travel & Tourism sector generated nearly $9.2 trillion to the global economy. However, in 2020, the pandemic brought the sector to an almost complete standstill, causing a massive 49.1% drop, representing a severe loss of nearly $4.5 trillion. Latest research from WTTC shows that as the world finally begins to recover from pandemic, the sector’s contribution to both the global economy and employment could reach almost pre-pandemic levels this year. Research by the global touris...

खबरनामाट्रैवल उद्योग

Google represents ongoing threat to online travel agencies, says GlobalData

AWARA MUSAFIR BUREAU

January 14, 2022880 Views1

COVID-19 had a serious impact on online travel agencies (OTAs), according to GlobalData, which notes that the OTA market value decreased by a gruesome 60.4% year-on-year (YoY) in 2020. The leading data and analytics company reveals that this strain has amplified OTA’s existing concerns around the growing presence of Google in the market, and how the tech giant’s control could impact competitivity and, therefore, consumer choice. Ralph Hollister, Travel and Tourism Analyst at GlobalData, comments: “Google’s growing presence in online travel will be ominous for OTAs that have no choice but to rely on the search engine for web traffic. Regulators are starting to control Google’s practices, but the company has to be treated differently due to its position as a dominant search engine, as we...