tourism growth
Visitation Growth & Key Tourism Drivers in the MEA Region
Hala Matar Choufany | November 1, 2024
Tune in to Hala Matar Choufany's interview with Maya Hojeij on Bloomberg Alsharq discussing visitation growth and key tourism drivers in the region: International visitation has been staggering growth in 2024 and is expected to continue across the mid to long term; Investments in tourism infrastructure, notably airports and airlines, continue to play a key role in enhancing visitation growth and tourism appeal; Morocco, Egypt and Saudi offer good investment opportunities supported by government plans and major upcoming international events; Project delays and cancellations are not uncommon in emerging destinations and qua...
Government Action Needed To Boost Vital £32bn UK Visitor Economy
IHG Hotels & Resorts | October 29, 2024
Strong industry-Government partnerships are key to ensuring the UK's visitor economy continues to thrive, according to a new report by the British Chambers of Commerce (BCC) in partnership with IHG Hotels & Resorts. To help grow the tourism, hospitality, events and attractions industries, the report makes a series of recommendations to policymakers. It calls on Government to: Reform apprenticeship funding in England to support more training opportunities by firms in the visitor economy Reform business rates by reducing the multiplier for both small and standard rates Reconsider the evidence around tax free shopping for vis...
IHG® Hotels & Resorts Signs MOU With Saudi Tourism Authority to Accelerate Growth of Tourism Sector in the Kingdom
IHG Hotels & Resorts | May 2, 2023
Dubai, United Arab Emirates, 02 May 2023: IHG® Hotels & Resorts, one of the world’s leading hotel companies with more than 6,000 hotels, across 18 distinct brands, has signed a Memorandum of Understanding (MOU) with the Saudi Tourism Authority (STA) at the Arabian Travel Market 2023. The MOU provides a framework for both entities to explore methods to increase inbound visitation to Saudi Arabia from key markets across Middle East and Africa region. This includes developing customised promotions, joint marketing campaigns, and promotion through loyalty programs which will showcase Saudi Arabia as one of the world’s most exciting d...
New Report From WTTC and JLL Outlines Global Cities’ Preparedness for Sustainable Travel and Tourism Growth
JLL | April 20, 2022
WTTC and JLL release latest ‘Destination 2030: Global cities’ readiness for sustainable tourism growth’ CHICAGO, April 20, 2022 – The World Travel & Tourism Council (WTTC) and JLL released today a new major report which addresses what makes a city ready for travel and tourism growth. The report, ‘Destination 2030: Global cities’ readiness for sustainable tourism growth’, has been released during WTTC’s 21st Global Summit in Manila, Philippines. Prior to the pandemic, the travel and tourism sector had been outpacing the global economy for almost a decade, with an annual average growth of 4.3% compared to 2.9%...
Have We Tossed Our Treasures out to Sea?
Georges Panayotis | June 7, 2018
By Georges Panayotis More than 1.2 billion tourists traveled worldwide in 2017 and on this constantly growing wave, just over 25 million people have taken advantage of the cruise product. This represents just a mere 3% of the total volume of tourists, but make no mistake, this figure is increasing slowly but surely. Indeed, this industry, unlike the hotel industry, has not stopped investing. While some operators sold off their walls and businesses, subcontracting and ceasing to invest in communications, cruise lines went full throttle in development and investment, gaining access by sea to the world's treasures. A handful of operato...
