travel industry – Page 2 – आवारा मुसाफिर

Luxury hotels confident of revenue growth but expect costs to rise

June 1, 2023762 Views

Some 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...

खबरनामाट्रैवल उद्योग

12 trends that will shape travel in the next decade

AWARA MUSAFIR BUREAU

December 8, 2022865 Views

Metaverse 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....

खबरनामाट्रैवल उद्योगसऊदी अरब

Global tourism leaders leave Riyadh with renewed optimism

UPENDRA SWAMI

December 1, 2022302 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, 2022683 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...

खबरनामाट्रैवल उद्योगयूरोप

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

AWARA MUSAFIR BUREAU

July 20, 2022154 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...

खबरनामाट्रैवल उद्योगभारत

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

AWARA MUSAFIR BUREAU

May 31, 2022526 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, 2022750 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...

खबरनामाट्रैवल उद्योग

Subscription services could potentially transform the travel industry

AWARA MUSAFIR BUREAU

April 23, 2022761 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...

खबरनामाट्रैवल उद्योगयूक्रेन

Global Travel & Tourism sector unites to support Ukraine

AWARA MUSAFIR BUREAU

April 13, 2022803 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, 20221143 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...