Rising to the Challenges of this Unprecedented Crisis COVID-19 has literally shattered the very foundation of the Travel and Tourism industry by reducing to nil our freedom of movement and of mingling. For months, the overwhelming majority of the world population has been physically restricted to the four walls of [...]
AN INDUSTRY IN CRISIS MODE COVID-19 has changed the industry beyond recognition. Outbound travel demand was brought to a total abrupt halt. Freedom of movement became restrictive, airplanes were grounded and cruise ships were prevented from docking, as closure of borders and confinement became the antidote to the pandemic. Of [...]
INTERNATIONAL TOURIST ARRIVALS The growth in international tourist arrivals in 2018 according to the UNWTO continues to be robust at 5.6% yoy, clearly above the 3.6% growth rate in the global economy. In absolute terms, arrivals reached the 1.4 billion mark two years ahead of forecasts. This performance represents a [...]
An Insight into World Tourism Global Economic Prospects The remarkable growth in international tourist arrivals in 2017 was bolstered by the world economic growth and the solid demand for travel from many traditional and emerging source countries. The growth momentum observed since semester two of 2016 especially in advanced economies [...]
INDUSTRY PERFORMANCE AN INSIGHT INTO INTERNATIONAL TOURIST ARRIVALS According to the UNWTO, 2016 was the seventh consecutive year of robust growth since the 2009 financial crisis. International tourist arrivals reached 1,235 million in 2016 representing a growth of 3.9% year-on-year. By region, Asia Pacific tops the list with an impressive [...]
INDUSTRY PERFORMANCE IN 2015 - 2016 THE INTERNATIONAL ECONOMIC BACKDROP According to the UNWTO, 2015 represented the sixth consecutive year of strong growth with an increase of at least 4% per annum in arrivals since 2010. In 2015, tourist arrivals totalled 1,184 million, a growth of +4.4% yoy. Read More [...]
The international economic backdrop Based on the UNWTO figures, 2014 symbolised the fifth consecutive year of robust growth in tourist arrivals since 2009. Arrivals reached 1,138 million or 4.7% growth compared to 2013. According to the same source, in 2014, all the regions experienced positive growth rate. It is expected [...]
