Taj Mahal is among the top 10 highest grossing tourist attractions: in the world Tourist attractions don’t just provide something fun to do for people visiting a new city or country; they are often a vital source of income for the economy, generating millions or even billions in revenue. However, just how much do some of the world’s most popular tourist attractions make from ticket sales alone? The team at MoneyTransfers.com have taken publicly available data on the annual number of visitors to each of the top 50 most popular (paid) tourist attractions in addition to the average cost of a single adult ticket to calculate the highest grossing tourist attractions overall. Key Findings: Theme parks, perhaps unsurprisingly, dominate as the highest grossing tourist attractions...
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Travel habits exposed in global survey # YouGov international survey of over 17,500 people from across 15 destinations reveals almost two thirds of people globally are prioritizing travelling to places that their friends and families have already been to, fueling over tourism in certain locations and leaving other destinations broadly undiscovered. # 66% of tourists believe that travelling to a place that provides familiarity is important with just under half of respondents feeling uncomfortable travelling to places they know little about. # However of those that do travel to new destinations, 83% agree that they come back with a changed or broadened perspective. International tourists are less likely to consider exploring unfamiliar tourist destinations, opting to travel to...
Read MoreSome 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...
Read MoreAs the popularity of remote working continues to skyrocket in the years after the pandemic, working whilst enjoying a vacation is no longer a luxury only the minority of digital nomads can enjoy. An increasing number of British expats and professionals working remotely are set to expand their horizons with European workcations in 2023, seeking out the perfect blend of work/life balance while enjoying the main perk of being remote: freedom of movement. In this unique 2023 ranking, experts have taken 20 of the most popular European cities and ranked them on six factors that are key to working professionals, from the cost of a coffee to broadband speed and accommodation costs. Leading the pack is the dynamic metropolis of Madrid, followed closely by the vibrant ...
Read More● 83% of consumers are planning to fly to a leisure destination in the next six months ● 93% would buy services like excursions and car rental from their airline if they could ● 56% would be more likely to spend on extras if the online buying experience improved to be more like retail, fashion and groceries New survey data from travel tech company IBS Software, reveals a massive 93% of UK and US consumers would book more services with airlines given the chance - representing a huge opportunity for airlines. The study, which looked into UK and US airline passengers' expectations of airlines, shows that following a challenging period of travel uncertainty, passenger confidence is recovering with 83% of respondents planning to purchase tickets in the next six months. However, t...
Read MoreThe International Air Transport Association (IATA) announced the results of its 2022 Global Passenger Survey (GPS), showing that travelers top concerns for travel in the post-COVID crisis period are focused on simplification and convenience. “Travel during COVID-19 was complex, cumbersome and time consuming due to government-imposed travel requirements. Post-pandemic, passengers want improved convenience throughout their trip. Digitalization and use of biometrics to speed up the travel journey is the key,” said Nick Careen, IATA’s Senior Vice President for Operations, Safety and Security. GPS results are based on over 10,000 responses from 222 countries. The survey provides insight into what passengers would like from their air travel experience. Planning and Booking Passe...
Read MoreTravel Fintech Startup SanKash reveals preferences of Indian tourists for vacations Saw 40% bookings from West India, 31% from South, 26% from North and 4% from East India for August’s long weekend vacation trips Indian Travelers have started making their long weekend travel plans fairly in advance to beat the rush. Flights and trains are booked more than one month in advance, mostly due to cheaper rates and limited seats. Online Travel Aggregators (OTA) generally observe a 40-50% increase in advance air ticket bookings during long weekends. This was revealed by SanKash, India’s only travel fintech brand that facilitates online and offline travel operators to provide innovative payment plans to their customers. SanKash released the latest data on travel trends for long weekends...
Read More# VFR travellers likely to lead demand in the immediate travel recovery phase# VFR travel set to increase at a compound annual growth rate (CAGR) of 24.8% between 2021 and 2024# UK-US flights set to underpin recovery as demand for flights increases The announcement that US travel restrictions for vaccinated UK residents will be relaxed from early November will be met positively by people keen to reunite with family and friends. Leading data and analytics company GlobalData notes that the number of people travelling out of the UK to visit friends and relatives (VFR) is set to rise from 10.6 million in 2021 to 20.5 million by 2024 – that’s an impressive 24.8% CAGR. This is only good news for US tourism, which will benefit from an influx of UK tourists. FILE PHOTO: People queue to ente...
Read MoreVisiting friends and relatives will be a driving force behind travel’s recovery
A desire to reconnect with family and friends after a year of stringent lockdown measures due to COVID-19 is likely greater than a leisure getaway in 2021, and therefore its power should not be underestimated in travel’s recovery, says GlobalData, a leading data and analytics company. Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, comments: “GlobalData’s forecasts suggest that visiting friends and relatives (VFR) travel will experience higher growth, with a 17% compound annual growth rate (CAGR) between 2021-25, compared to leisure, growing at a 16.4% increase between the same time period. While VFR will not surpass the number of international leisure getaways, it will play a vital role in travel’s recovery with 242 million international departures expected to be ta...
Read MoreSome UK domestic holiday and accommodation providers have increased prices significantly throughout 2021 amid soaring ‘staycation’ demand and this could deter British tourists in 2022, says GlobalData, a leading data and analytics company. FILE PHOTO: Travellers with they suitcases sit at the Eurostar terminal at St Pancras International in London, Britain. REUTERS/Hannah McKay Craig Bradley, Associate Travel & Tourism Analyst at GlobalData, comments: “Increasing prices risks resulting in a lost opportunity for many UK tourism companies that previously had a prime opportunity to increase competitiveness with outbound tour operators. Instead, overinflated prices could effectively price them out of the market for summer 2022 and beyond, when UK travelers are more likely to venture...
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