Hotel occupancy in the US is growing week by week
According to STR data through 10 July, hotel occupancy rates in the US market are improving week after week.
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Hotel Market News
Colliers report on the New Zealand hotel market confirms a recovery is underway
Colliers report confirms New Zealand Hotel sector continues its pathway to recovery in the YTD 30 June 2021.
WTTC reports dramatic impact of COVID-19 on Travel & Tourism around the worldwide
World Travel & Tourism Council (WTTC) published Economic Trends Report, revealing the dramatic impact of COVID-19 on worldwide Travel & Tourism.
US travelers are ready for the Independence Day holiday weekend
According to Amadeus, there is a significant increase in booked occupancy for the Independence Day Holiday weekend compared to 2020.
UK will lose GBP639 million a day with travel remaining off limits
According to the World Travel & Tourism Council (WTTC), the UK will lose up to GBP639 million per day during July if international travel remains off limits.
Dramatic impact of COVID-19 on Travel and Tourism sector in Japan
The World Travel & Tourism Council has revealed in its annual Economic Impact Report (EIR) the damage caused by COVID-19 to Japan’s Travel & Tourism sector, resulting in a loss of USD138 billion from the country’s economy.
UNWTO and African Member States will work together to promote Brand Africa
The World Tourism Organization and its Members will work with the African Union and the private sector to promote Brand Africa with the aim to establish a new narrative for tourism across the continent.
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GBTA Calls for Action as World Leaders meet at G7 Summit
The Global Business Travel Association (GBTA) is calling for world leaders of the G7 countries to lead conversations for a seamless return of international travel to boost the global economic recovery.
Over half a million UK Travel & Tourism jobs could be lost if significant international travel remains off limits this summer
Up to half a million jobs could be lost in the UK Travel & Tourism sector if the government fails to significantly reopen international travel as soon as possible, the World Travel & Tourism Council (WTTC) warned.
WTTC Data Shows U.S. Maintains Position as Biggest Travel & Tourism Market Despite Suffering 41% Slide in GDP
Latest data from the World Travel & Tourism Council shows the U.S. maintained its position as the largest global Travel & Tourism market, despite suffering a huge 41% fall in GDP last year.
The World Tourism Organization unites with tourism ministers in the Americas to relaunch tourism in the region
Minister of Tourism David Collado along with 15 more ministers and vice ministers of tourism of the Americas established partnership agreements and procedures for relaunching tourism in the region in a meeting called by the World Tourism Organization and led in its inauguration by Luis Abinader, President of Dominican Republic.
Positive Momentum Continues For Return To Business Travel
The Global Business Travel Association issued the findings from its 18th COVID-19 poll assessing the impact of the pandemic and the road to recovery for the business travel industry.
International arrivals to South America fell by 48% in 2020, according to GlobalData
Peru was the most affected by the pandemic with a 73% drop in international visitors, followed by Venezuela (71%) and Ecuador (70%) Chile was the least affected with international tourists falling by 25% followed by Argentina (27%) and Colombia (30%) GlobalData projects South America’s International tourism market will not reach pre-pandemic levels until at least 2022
WTTC reveals U.S. Travel & Tourism sector suffered loss of USD766 billion in 2020
The annual Economic Impact Report (EIR) from the World Travel & Tourism Council (WTTC) revealed the U.S. Travel & Tourism sector suffered a significant loss of USD766 billion in 2020.
Europe is the only region growing hotel construction
According to March pipeline data from STR, Europe is the only region in the world showing increased hotel construction activity in comparison with the end of Q1 last year.
WTTC research reveals Travel & Tourism sectors contribution to Italys GDP dropped by EUR121 billion in 2020
The World Travel & Tourism Council’s annual Economic Impact Report (EIR) reveals that the dramatic collapse of Italy’s Travel & Tourism sector has wiped out a staggering €120.6 billion from the nation’s economy.
WTTC research reveals Travel & Tourism sectors contribution to Frances GDP dropped by EUR103 billion in 2020
The World Travel & Tourism Council’s annual Economic Impact Report reveals the dramatic impact COVID-19 had on France’s Travel & Tourism sector, wiping out €103 billion from the nation’s economy.
Anticipated Boom In Summer Holiday Bookings Dampened By Uncertainty Over Travel Restrictions
A poll conducted by GlobalData has shown that quarantine requirements and travel restrictions remain the two main deterrents to international travel with 58% and 55%* of respondents expressing that these factors would deter them from traveling.
Negative Passenger Demand Trend Continues in February
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).
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.
