But, return of international visitor spend yet to recover The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) reveals a significant recovery of India’s Travel & Tourism sector, with domestic tourism playing a pivotal role. The data shows that whilst domestic tourism is driving the recovery of the sector in India, international travel spend remains below pre-pandemic levels. According to the global tourism body’s latest research, the sector’s contribution to India’s GDP reached just over INR 19.13TN in 2023 – almost 10% ahead of 2019 levels. Employment in Travel & Tourism grew by 10% to reach just under 43MN, 8% more than in 2019. Domestic visitor spending was 15% ahead of 2019, reaching INR 14.64TN however international visitor sp...
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Although it took three years for the global travel and tourism sector to fully recover after COVID-19, the entire market has picked up the pace of solid growth and is on its way to reaching a new massive milestone. According to data presented by Stocklytics.com, the global travel and tourism industry is expected to gross $927 billion in revenue this year, 8.3% more than in 2023. This figure will grow by 14% and hit over one trillion dollars in 2027. Camping and cruises will remain the fastest-growing segments Four years after COVID-19 hit, it seems like the travel and tourism sector was never down on its knees, with people worldwide spending billions of dollars on traveling and vacation. Although inflation has significantly raised the prices of accommodation and tourist services,...
Read MoreThe International Air Transport Association (IATA) released data for November 2023 air travel performance indicating that air travel demand topped 99% of 2019 levels. Total traffic in November 2023 (measured in revenue passenger kilometers or RPKs) rose 29.7% compared to November 2022. Globally, traffic is now at 99.1% of November 2019 levels. International traffic rose 26.4% versus November 2022. The Asia-Pacific region continued to report the strongest year-over-year results (+63.8%) with all regions showing improvement compared to the prior year. November 2023 international RPKs reached 94.5% of November 2019 levels. Domestic traffic for November 2023 was up 34.8% compared to November 2022. Total November 2023 domestic traffic was 6.7% above the November 2019 level. Growth...
Read MoreThe International Air Transport Association (IATA) announced that the post-COVID recovery momentum continued in July for passenger markets. Total traffic in July 2023 (measured in revenue passenger kilometers or RPKs) rose 26.2% compared to July 2022. Globally, traffic is now at 95.6% of pre-COVID levels. Domestic traffic for July rose 21.5% versus July 2022 and was 8.3% above the July 2019 results. July RPKs are the highest ever recorded, strongly supported by surging demand in the China domestic market. International traffic climbed 29.6% compared to the same month a year ago with all markets showing robust growth. International RPKs reached 88.7% of July 2019 levels. The passenger load factor (PLF) for the industry reached 85.7% which is the highest monthly inte...
Read MoreThe International Air Transport Association (IATA) announced that the post-COVID recovery momentum continued in June for passenger markets. Total traffic in June 2023 (measured in revenue passenger kilometers or RPKs) rose 31.0% compared to June 2022. Globally, traffic is now at 94.2% of pre-COVID levels. For the first half of 2023, total traffic was up 47.2% compared to the year-ago period. Domestic traffic for June rose 27.2% compared to the same month a year ago and was 5.1% above the June 2019 results. Domestic demand was up 33.3% in the 2023 first half compared to a year ago. FILE PHOTO: Travellers queue at security at Heathrow Airport in London, Wednesday, June 22, 2022. (AP Photo/Frank Augstein) International traffic climbed 33.7% versus June 2022 with all markets showi...
Read MoreUNWTO has welcomed the end of the public health emergency phase for COVID-19 with a summary analysis of the travel restrictions introduced in response to the pandemic. The decision by the World Health Organization (WHO) to determine that COVID-19 is now an established and ongoing health issue which no longer constitutes a public health emergency of international concern represents a major milestone in the global effort to combat the virus. In this context, UNWTO has released its analysis of both the introduction and lifting of travel restrictions during all stages of the pandemic´s emergency phase. "The end of COVID-19 travel restrictions: Summary of findings from the COVID-19 related travel restrictions reports", highlights key findings of the 11 reports published by the United Nation...
Read MoreInternational tourism is well on its way to returning to pre-pandemic levels, with twice as many people travelling during the first quarter of 2023 than in the same period of 2022. What we've learned The second UNWTO World Tourism Barometer of the year shows that the sector's swift recovery has continued into 2023. It shows that: Overall, international arrivals reached 80% of pre-pandemic levels in the first quarter of 2023 An estimated 235 million tourists travelled internationally in the first three months, more than double the same period of 2022. Tourism has continued to show its resilience. Revised data for 2022 shows over 960 million tourists travelling internationally last year, meaning two-thirds (66%) of pre-pandemic numbers were recovered. Recovery by Reg...
Read MoreThe International Air Transport Association (IATA) announced that the recovery in air travel continued in December 2022 and for the full year. Total traffic in 2022 (measured in revenue passenger kilometers or RPKs) rose 64.4% compared to 2021. Globally, full year 2022 traffic was at 68.5% of pre-pandemic (2019) levels. December 2022 total traffic rose 39.7% compared to December 2021 and reached 76.9% of the December 2019 level. International traffic in 2022 climbed 152.7% versus 2021 and reached 62.2% of 2019 levels. December 2022 international traffic climbed 80.2% over December 2021, reaching 75.1% of the level in December 2019. Domestic traffic for 2022 rose 10.9% compared to the prior year. 2022 domestic traffic was at 79.6% of the full year 2019...
Read MoreThe International Air Transport Association (IATA) has said that the air travel recovery continued through November 2022. Total traffic in November 2022 (measured in revenue passenger kilometers or RPKs) rose 41.3% compared to November 2021. Globally, traffic is now at 75.3% of November 2019 levels. International traffic rose 85.2% versus November 2021. The Asia-Pacific continued to report the strongest year-over-year results with all regions showing improvement compared to the prior year. November 2022 international RPKs reached 73.7% of November 2019 levels. Domestic traffic for November 2022 was up 3.4% compared to November 2021 with travel restrictions in China continuing to dampen the global result. Total November 2022 domestic traffic was at 77.7% of the November 2019 level...
Read MoreLatest WTTC report shows global cities’ sector recovery is well underway The World Travel & Tourism Council (WTTC) launched its Cities Economic Impact Report (EIR) at the 22nd Global Summit in Riyadh on Wednesday. Sponsored by Visa, the report shows cities remain the powerhouses of global tourism and will drive the recovery of the sector and economies around the world. The Cities EIR analyses 82 international city destinations and shows that prior to the pandemic major cities were popular travel destinations, accounting for almost half of all international visits, both as standalone destinations and as gateways to other tourism hotspots within countries. FILE PHOTO: The view from an upper floor of the Central Park Tower shows Times Square, lower center, the Empire State Build...
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