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Negative Passenger Demand Trend Continues in February

Negative Passenger Demand Trend Continues in February

🕔Apr 13, 2021

The International Air Transport Association (IATA) announced that passenger traffic fell in February 2021, both compared to pre-COVID levels (February 2019) and compared to the immediate month prior (January 2021).

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Wyndham Hotels & Resorts Continues Growth Trajectory across Europe, Middle East, Eurasia and Africa

Wyndham Hotels & Resorts Continues Growth Trajectory across Europe, Middle East, Eurasia and Africa

🕔Apr 7, 2021

Wyndham Hotels & Resorts, the world’s largest hotel franchising company by number of properties with over 8,900 hotels across nearly 95 countries, continues to cement its presence across Europe, Middle East, Eurasia and Africa (EMEA) with a series of recent hotel launches and a strong line-up of openings for 2021.

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Tourist Arrivals Down 87% In January 2021 As Unwto Calls For Stronger Coordination To Restart Tourism

Tourist Arrivals Down 87% In January 2021 As Unwto Calls For Stronger Coordination To Restart Tourism

🕔Apr 6, 2021

The devastating impact of the COVID-19 pandemic on global tourism has carried on into 2021, with new data showing an 87% fall in international tourist arrivals in January as compared to 2020. The outlook for the rest of the year remain cautious as the World Tourism Organization (UNWTO) continues to call for stronger coordination on travel protocols between countries to ensure the safe restart of tourism and avoid another year of massive losses for the sector.

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WTTC research reveals global Travel & Tourism sector suffered a loss of almost USD4.5 trillion in 2020 due to the impact of COVID-19

WTTC research reveals global Travel & Tourism sector suffered a loss of almost USD4.5 trillion in 2020 due to the impact of COVID-19

🕔Apr 5, 2021

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

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voco Hotels grows to over 50 openings and signings, marking IHG Hotels and Resorts fastest ever global expansion

voco Hotels grows to over 50 openings and signings, marking IHG Hotels and Resorts fastest ever global expansion

🕔Mar 26, 2021

IHG Hotels & Resorts’ premium voco Hotels brand has officially reached the milestone of 50 signed and open hotels in more than 20 countries across the globe – marking IHG’s fastest ever global expansion.

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Governments Join Sector Leaders In Backing Principles For International Code To Protect Tourists

Governments Join Sector Leaders In Backing Principles For International Code To Protect Tourists

🕔Mar 25, 2021

More 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.

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WTTC and GBTA support the Euopean Comission proposal for the EU wide Digital Green Certificate

WTTC and GBTA support the Euopean Comission proposal for the EU wide Digital Green Certificate

🕔Mar 18, 2021

The Global Business Travel Association (GBTA) – the world’s largest business travel association – and the World Travel and Tourism Council (WTTC) support the European Commission’s proposal to introduce a Digital Green Certificate that is inter-operable and consistent across Members States.

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Tightened travel restrictions underline current challenges for tourism

Tightened travel restrictions underline current challenges for tourism

🕔Mar 8, 2021

One in three destinations worldwide are now completely closed to international tourism. According to the latest data from the World Tourism Organization (UNWTO), the emergence of new variants of the COVID-19 virus has prompted many governments to reverse efforts to ease restrictions on travel, with total closures to tourists most prevalent in Asia and the Pacific and Europe.

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How Investors Are Tapping Into Domestic Tourism

How Investors Are Tapping Into Domestic Tourism

🕔Mar 8, 2021

As Europe starts looking to life after lockdown, open air hospitality venues are set to be in high demand.

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Hyatt Announces Global Expansion of Independent Collection Brands with New Hotel Openings and Developments Slated Through 2025

Hyatt Announces Global Expansion of Independent Collection Brands with New Hotel Openings and Developments Slated Through 2025

🕔Mar 4, 2021

Hyatt Hotels Corporation (NYSE: H) announced the global growth of its independent collection brands, including recent openings and development plans through 2025 across The Unbound Collection by Hyatt, Destination by Hyatt and JdV by Hyatt brands.

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WTTC calls on EU leadership during Tourism Minister Meeting

WTTC calls on EU leadership during Tourism Minister Meeting

🕔Mar 3, 2021

At EU Tourism Ministers Meeting, the World Travel & Tourism Council (WTTC) called on leadership from the EU to save the Travel & Tourism sector which has been left in ruin by the COVID-19 pandemic.

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Radisson Hotel Group Builds On Successful 2020 Signings

Radisson Hotel Group Builds On Successful 2020 Signings

🕔Mar 2, 2021

Radisson Hotel Group looks ahead to 2021 with 30 planned hotel openings or 5,000 rooms across EMEA, building on the Groups 40+ signings announced in 2020. The Group’s 2020 expansion included the introduction of the Radisson Individuals brand and the announcement of ambitious plans to double its portfolio of Serviced Apartments by 2025. 2021 expected openings also include seven exciting new openings of the Groups premium lifestyle Radisson Collection brand in France, Italy, Spain, Turkey, and Saudi Arabia.

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2020: WORST YEAR IN TOURISM HISTORY WITH 1 BILLION FEWER INTERNATIONAL ARRIVALS

2020: WORST YEAR IN TOURISM HISTORY WITH 1 BILLION FEWER INTERNATIONAL ARRIVALS

🕔Feb 26, 2021

Global tourism suffered its worst year on record in 2020, with international arrivals dropping by 74% according to the latest data from the World Tourism Organization (UNWTO). Destinations worldwide welcomed 1 billion fewer international arrivals in 2020 than in the previous year, due to an unprecedented fall in demand and widespread travel restrictions. This compares with the 4% decline recorded during the 2009 global economic crisis.

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COVID-19 Cash Burn Continues - Urgent Preparations for Restart

COVID-19 Cash Burn Continues - Urgent Preparations for Restart

🕔Feb 26, 2021

The International Air Transport Association (IATA) released new analysis showing that the airline industry is expected to remain cash negative throughout 2021. Previous analysis (November 2020) indicated that airlines would turn cash positive in the fourth quarter of 2021. At the industry level, airlines are now not expected to be cash positive until 2022.

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Statistics to guide restart of tourism in the Caribbean

Statistics to guide restart of tourism in the Caribbean

🕔Feb 24, 2021

From the need for enhanced political engagement to developing relevant expertise, the World Tourism Organization, jointly with the Caribbean Tourism Organization, have united their Members in the Caribbean to address the key challenges they face in making effective use of statistics to drive the restart of their tourism sectors.

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NH Hotel Group extends maturity on 236 million credit until March 2023

NH Hotel Group extends maturity on 236 million credit until March 2023

🕔Oct 29, 2020

NH Hotel Group has agreed the extension of its 236 million Syndicated Revolving Credit Facility from September 2021 until March 2023 with all the lenders.

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Global Tourism Crisis Committee Meets Again

Global Tourism Crisis Committee Meets Again

🕔Oct 23, 2020

Consistent and harmonized travel protocols, enhanced safety measures and the protection of jobs and livelihoods are the main ingredients needed for the restart of tourism. The Sixth meeting of the UNWTO Global Tourism Crisis Committee reminded participants of the need to work together as the only means of advancing the sustainable recovery of the sector.

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Melia announces hotel reopenings throughout the Americas

Melia announces hotel reopenings throughout the Americas

🕔Oct 16, 2020

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G20 Tourism to save 100 million jobs

G20 Tourism to save 100 million jobs

🕔Oct 9, 2020

In a historic first, G20 Tourism Ministers hosted more than 45 CEOs and Members of WTTC, who presented their plan to save the embattled Travel and Tourism sector and 100m jobs globally.

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Highgate growth continues with addition of 22 Lifestyle Properties

Highgate growth continues with addition of 22 Lifestyle Properties

🕔Oct 9, 2020

Highgate has announced it has assumed management of Trust Hospitality portfolio assets, comprised of 22 hotels and resorts throughout the U.S., Caribbean and Latin America.

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