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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WTTC research reveals Travel & Tourism sectors contribution to Germanys GDP dropped a staggering EUR161 billion in 2020
The World Travel & Tourism Council’s annual Economic Impact Report (EIR) reveals that the dramatic collapse of Germany’s Travel & Tourism sector has wiped out €161 billion from the nation’s economy. The annual EIR from the WTTC shows the sector’s contribution to GDP dropped 46.9%. The sector’s impact on Germany’s GDP fell from €344 billion (9.8%) in 2019 before the pandemic struck, to €183 billion (5.5%), just 12 months later, in 2020.
WTTC research reveals Travel & Tourism sectors contribution to UK GDP slumped a shocking GBP148 billion in 2020
The World Travel & Tourism Councils annual Economic Impact Report (EIR) reveals that the dramatic collapse of the UK Travel & Tourism sector has wiped out a staggering GBP148 billion from the UK economy. The annual EIR from the WTTC, which represents the global Travel & Tourism private sector, shows the sectors contribution to GDP, dropped by a precipitous 62.3%. Travel & Tourism GDP fell from GBP238 billion (10.1%) in 2019 before the pandemic struck, to just GBP90 billion (4.2%), a mere 12 months later, in 2020.
Tourist Arrivals Down 87% In January 2021 As Unwto Calls For Stronger Coordination To Restart Tourism
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.
WTTC research reveals global Travel & Tourism sector suffered a loss of almost USD4.5 trillion in 2020 due to the impact of 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
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.
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.
According to a new report Top Countries for Sustainable Tourism, released by global market research company Euromonitor International at ITB Berlin, Scandinavia is leading by example in its engagement and progress towards sustainable travel, with Sweden ranked first, followed by Finland, Austria, Estonia, and Norway.
Gloria Guevara, President & CEO, WTTC states: “This incredible stimulus package will be welcomed by Travel & Tourism businesses across the U.S., many of whom are struggling to survive. This package promises a much-needed boost while the COVID-19 pandemic continues to ravage the sector.”
Total tourism & leisure industry cross border M&A deals worth $7.52bn were announced globally in Q4 2020, led by Caesars Entertainment $3.69bn acquisition of William Hill, according to GlobalData deals database.
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.
As Europe starts looking to life after lockdown, open air hospitality venues are set to be in high demand.
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.
The World Travel & Tourism Council (WTTC) has warned that nearly £27 billion will be lost from the UK economy if the government delays restarting international travel until May 17. The date was set by Prime Minister Boris Johnson when he unveiled the highly anticipated roadmap out of lockdown earlier this week.
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.
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.
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.
The next edition of the International Tourism Fair, FITUR 2021, will be held from the 19 to 23 May next year in Madrid (Spain) as decided by IFEMA and the FITUR Organising Committee.
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.
One of the main attractions of Liberia is its coastal tourism product. In recent years, several initiatives have been undertaken to develop and diversify Liberia tourism product, based on the country natural and cultural heritage. In particular, surf tourism has been identified as a niche market that has a high growth potential in the country, with the destination of Robertsport as a site with excellent geographical features for surf tourism development in West Africa.