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...
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WTTC identifies digital solutions to significantly restore international mobility
A simplified and interoperable digital solution is vital to fully achieve the recovery of the Travel & Tourism sectorKey WTTC recommendations will remove current patchwork of policies and processes Following comprehensive analysis and research, the World Travel & Tourism Council (WTTC) has launched a new groundbreaking report which provides clear recommendations to governments and identifies four key digital solutions to restore international mobility. The inaugural report provides guidance and calls on governments to adopt a more internationally coordinated response to COVID-19 for the Travel & Tourism sector and implement digital solutions that will facilitate the resumption of safe and stress-free international travel. Following World Health Organization (WHO) ...
Read MoreMay even surpass pre-pandemic levels in 2022, says WTTC Research shows the U.S. Travel & Tourism sector could record nearly 36% growth in 2021 and is on track to exceed pre-pandemic levels in 2022 The latest research from the World Travel & Tourism Council (WTTC) reveals the U.S. Travel & Tourism sector could experience year-over-year growth of 35.6% in 2021, significantly outpacing the year’s overall global tourism recovery. The outlook is even more rosy for 2022, with the travel sector in the U.S. expected to grow by another 28.4%, reaching nearly $2 trillion of the U.S. economy for a contribution exceeding pre-pandemic levels. By comparison, in 2019, the U.S. Travel & Tourism sector’s contribution to GDP represented nearly $1.9 trillion (8.6% of the U.S....
Read MoreWTTC also announces social and environmental indicators at Climate Week The World Travel & Tourism Council (WTTC) has launched a Net Zero Roadmap for the Travel & Tourism sector to support the industry in combatting climate change during its virtual climate week event. It also announced the launch of ground-breaking social and environmental research data. The first time such data will be produced across the whole sector, building on WTTC’s annual high-anticipated Economic Impact Report (EIR). These vital pieces of work represent WTTC’s biggest deliverables in the sector’s drive towards net zero by 2050. The powerful initiative is being run in collaboration with the United Nations Environment Programme (UNEP) and professional services and consulting experts, A...
Read MoreIndustry calls for swift adoption and implementation of harmonised EU travel rules
Ahead of the EU Ambassadors' meeting on 11 June, the European travel and tourism industry associations call on Member States to approve the Commission's proposal to start lifting travel restrictions in the EU in a coordinated way. After months of lockdowns and a patchwork of measures across the continent, this proposal is very timely. In view of the rapidly advancing vaccination programs and improving epidemiological outlook in Europe, safe travel is possible this summer - fuelled by the strong desire of European citizens to travel again and secured by the readiness of our sector to provide safe and responsible travel. If adopted and fully implemented, the text - initially proposed by the European Commission on 31 May- should restore freedom of movement within the EU. In particu...
Read MoreQuintana Roo Governor hailed for early adoption of WTTC Safe Travels StampSaudi Arabia recognised with Global Leader Award for historic inclusion of private sector in 2020 G20 Tourism Ministers meeting and the Leaders Declaration14 major awards announced by WTTC and presented at the hybrid event Countries and top tourism leaders from around the world have been recognised with awards by the World Travel & Tourism Council (WTTC), at its Global Summit 2021 in Cancun, for their outstanding global leadership. The awards acknowledged the world-class leadership qualities displayed by a specially selected group from among hundreds of the world’s foremost business Travel & Tourism leaders, government officials and key decision-makers. Carlos Manuel Joaquín González, Governor o...
Read MoreA robot armed with virus-killing ultraviolet light is being tested on Swiss airplanes, yet another idea aiming to restore passenger confidence and spare the travel industry more pandemic pain. UVeya, a Swiss start-up, is conducting the trials of the robots with Dubai-based airport services company Dnata inside Embraer jets from Helvetic Airways, a charter airline owned by Swiss billionaire Martin Ebner. A robot developed by Swiss company UVeya armed with virus-killing ultraviolet light is seen during tests aboard an Embraer airplane of Helvetic Airways, as the spread of the coronavirus disease (COVID-19) continues, at Zurich Airport in Zurich, Switzerland March 31, 2021. REUTERS/Arnd Wiegmann Aircraft makers still must certify the devices and are studying the impact their UV ligh...
Read MoreNew research backs rapid antigen testing for safe and efficient restart of Air Travel Rapid testing on departure at airports is the key to unlocking international travel, says the World Travel & Tourism Council in its submission to the UK government’s Global Travel Taskforce. Meanwhile, The International Air Transport Association (IATA) has also urged governments to accept best-in-class rapid antigen tests in fulfillment of COVID -19 testing requirements following the publication of new research by OXERA and Edge Health. The World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism private sector, has been at the forefront of global efforts to revive safe travel in the COVID-19 era. It has said that while vaccine rollout around the world is to b...
Read MoreGlobal Travel & Tourism sector suffered a loss of $4.5 trillion in 2020 due to COVID-19
-Travel & Tourism sector’s contribution to GDP plunged a staggering 49.1% in 2020-Job retention schemes look to have saved millions of jobs - but the threat remains-Swift action could see lost jobs and GDP contribution return by 2022 The World Travel & Tourism Council’s annual Economic Impact Report (EIR) on Thursday reveals the full devastating impact of COVID-19 had on the global Travel & Tourism sector last year, which suffered a massive loss of almost US$4.5 trillion. The annual EIR from the World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism private sector, shows the sector’s contribution to GDP dropped a staggering 49.1%, this compared to the overall global economy which dropped by just 3.7% last year. Vast losses run up d...
Read MoreMore than 100 countries, alongside international organizations and leading business groups have agreed to adopt harmonized standards for assisting tourists caught up in emergency situations. The Committee for the Development of an International Code for the Protection of Tourists has agreed on the text of the first two Chapters of the Code, containing seven key principles for a landmark legal code aimed at restoring confidence in international travel in the wake of the COVID-19 pandemic. The importance of harmonization of protocols, balance, coordination, cooperation and accessibility, are among the seven core principles agreed by the Committee tasked with advancing the “Assistance to International Tourists in Emergency Situations” code. Published by the World Tourism Organization ...
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