travel industry – Page 3 – आवारा मुसाफिर

Global Travel & Tourism sector unites to support Ukraine

April 13, 2022893 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, ...

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Travel companies in fix due to rising energy prices

AWARA MUSAFIR BUREAU

April 6, 20221206 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, 2022632 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...

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Google represents ongoing threat to online travel agencies, says GlobalData

AWARA MUSAFIR BUREAU

January 14, 2022954 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...

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Millennials hold great potential for travel industry

AWARA MUSAFIR BUREAU

December 25, 20211037 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...

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WTTC identifies digital solutions to significantly restore international mobility

AWARA MUSAFIR BUREAU

December 3, 20211297 Views

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) ...

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US Travel & Tourism rebounds in 2021

AWARA MUSAFIR BUREAU

November 13, 2021394 Views

May 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....

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Net Zero Roadmap for Travel & Tourism revealed

AWARA MUSAFIR BUREAU

September 24, 20211290 Views

WTTC 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...

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Industry calls for swift adoption and implementation of harmonised EU travel rules

AWARA MUSAFIR BUREAU

June 8, 2021477 Views

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...

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WTTC Awards recognise tourism leadership of the highest quality

AWARA MUSAFIR BUREAU

May 6, 2021636 Views

Quintana 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...