international travel
Booking Holdings Beats Quarterly Profit Estimates on Healthy International Travel
October 31, 2024
(Reuters) - Online travel agency Booking Holdings beat analysts' expectations for third-quarter profit and revenue on Wednesday, as resilient demand for international travel offset the weakness in domestic travel in the U.S. and China. Shares of the company rose 4.3% after the bell. International travel demand in Europe and many Asian countries has remained steady, making up for the domestic travel slump in the U.S. and China as consumer spending falls amid macroeconomic difficulties. "We are pleased to report third-quarter room night growth of 8%, which exceeded our prior expectations, driven primarily by stronger performance in Eur...
Spain’s Economy Beats Forecasts With 0.8% Quarterly Growth
October 30, 2024
MADRID (Reuters) -The Spanish economy grew at a faster-than-expected rate in the third quarter to again outpace its European peers thanks to a strong tourism season and exports, preliminary data showed on Wednesday. Spain's gross domestic product grew 0.8% in the third quarter from the previous three months, the same pace of expansion as in the second quarter, the National Statistics Institute (INE) said. Year-on-year it grew 3.4%, an acceleration from the 3.2% registered in the previous three months. Analysts polled by Reuters had expected GDP to grow 0.6% quarter-on-quarter and 3.0% year-on-year. "Today's data show how strong and b...
Venice Expands Tourist Entry Fee System to Include More Days
October 24, 2024
By Crispian Balmer ROME (Reuters) - Venice is going to broaden its tourist entry fee system in 2025, almost doubling the number of days visitors will have to pay to see the lagoon city, and hiking the price for last-minute arrivals, officials said on Thursday. In a world first, the Italian destination introduced a 5- euro charge in April for daytrippers arriving on particularly congested days, hoping the levy would help thin the crowds. The initial scheme, which was watched closely by other global tourist hotspots, covered 29 days over a four-month period. This will be lifted to 54 days next year, over the same April-July window. ...
Spain’s Airlines See Winter Sales Boost Due to Middle East Conflict
October 22, 2024
MADRID (Reuters) - Airline operators in Spain expect to sell 12% more seats this winter than a year earlier as travellers look to steer well clear of conflict zones, the head of Spain's airlines industry group (ALA) said on Tuesday. Tourist destinations such as the Canary Islands will see more flights as some airlines re-route planes from Israel and other destinations in the Middle East, ALA President Javier Gandara told a press conference in Madrid. For the winter, "there have been a number of changes in airline schedules, many of them caused by the conflict in the Middle East, and Spain has had additional schedules," he said. An AL...
United States Leads as Top Source of International Travelers to India for Diwali Celebrations
Agoda | October 16, 2024
New Delhi, 16th October 2024 - Digital travel platform Agoda reveals the top searched cities in India for Diwali celebrations, with New Delhi coming out on top among international visitors. Goa takes the top spot for domestic travel based on searches made for check-in during the Diwali week celebration. Agoda noted 17% more accommodation searches for Diwali compared to last year’s celebrations. Diwali, the Festival of Lights, is one of India's most significant festivals, celebrated with grand festivities, vibrant lights, and cultural events. The festival symbolizes the victory of light over darkness and good over evil, attracting both ...
ITA Data Release: August 2024 International Inbound Visitor Spending
National Travel and Tourism Office | October 11, 2024
International Visitors Spent $21.5 Billion in August 2024 Data recently released by the National Travel and Tourism Office (NTTO) show that in August 2024: International visitors spent $21.5 billion on travel to, and tourism-related activities within, the United States during the month of August, an increase of more than 11 percent compared to August 2023. Conversely, Americans spent more than $20.6 billion traveling abroad during August, yielding an $865 million balance of trade surplus for travel and tourism-related goods and services. International visitors have spent more than $168.6 billion on U.S. travel and tourism...
Travelers’ Biometric Embrace
Ryan Propis | October 8, 2024
In less than two years, the United States, along with Canada and Mexico, will host the 2026 FIFA World Cup—the largest in history. This event kicks off a decade of global sporting events—from soccer, to F1 racing, to rugby, and two Olympics—that will be hosted in this country, ultimately resulting in high levels of attention and large volumes of international travelers. All coming on top of a growing travel sector that has proven resilient after the challenges of Covid-19 and has helped drive a remarkable economic recovery. These events will simultaneously increase international visitors by millions and spur domestic travel dema...
ITA Data Release: July 2024 Total International Travel Volume
The International Trade Administration | October 7, 2024
In July 2024, International Visitor Arrivals to the United States totaled 6,899,661, An increase of 6.8 percent Compared to July 2023 Outbound Travel Departures From the United States by U.S. Citizens Totaled 11,265,662 in July 2024, An Increase of 5.8 percent Compared to July 2023 Data recently released by the National Travel and Tourism Office show that in July 2024, International Arrivals to the United States: Total non-U.S. resident international visitor volume to the United States of 6,899,661 increased 6.8 percent compared to July 2023, representing 89.6 percent of the pre-COVID total visitor volume reported for July 2019. ...
