travel industry – Page 2 – आवारा मुसाफिर

Global tourism leaders discuss importance of partnerships

November 29, 2022626 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, 2022138 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, 2022480 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, 2022691 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, 2022705 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, 2022770 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, 20221058 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, 2022589 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, 2022849 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...

खबरनामाट्रैवल उद्योग

Millennials hold great potential for travel industry

AWARA MUSAFIR BUREAU

December 25, 2021967 Views

Globally, millennials roughly account for 23 per cent of the world population. While in India, millennials are around 34 per cent which is 440 million of the country’s population. Due to steady advancement in their professional careers, higher disposable income, and flexible work hours, they have more spending power. Hence, they hold great potential for the travel and hospitality industry. Noesis, a hotel investment advisory firm, has issued a report on millennials – how they influence the Travel and Hospitality industry. It reveals the evolution of the hospitality and travel industry with regards to millennials which form the next generation of our world. The report revealed the evolution of the hospitality and travel industry with regards to millennials. As per the findings on...