travel and tourism
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...
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...
U.S. Business Travel Industry Responsible for Almost 2% of U.S. GDP and 3.5% of Employment in Latest Full-Year Figures
GBTA | June 5, 2024
GBTA’s study reveals for every 1% of growth in business travel, the U.S. economy sees nearly 60,000 jobs, $2.9 billion in paid wages, $1.2 billion in tax revenue and $4.8 billion in new GDP The Global Business Travel Association (GBTA) today unveiled a new study, the “GBTA U.S. Economic Impact Study: Business Travel’s Impact on Jobs and the U.S. Economy,” which quantifies the significant economic impact of traveling for work in the U.S. The report shows the business travel industry provided a major boost to the U.S. economy in 2022*, the latest full year for which a complete set of data is available for analysis. The U.S. was t...
Tourism Tidbits: Travel As an Educational Tool
Dr. Peter E. Tarlow | May 13, 2024
By Dr. Peter Tarlow In the northern hemisphere, the months of May and June not only represent the dawn of summer but the end of the academic year and the start of tourism’s high season. From the tourism industry’s perspective as the academic year wanes, tourism enters into its high seasons. It is also at this time of the year that new tourism educational opportunities begin to emerge. Educational tourism is one of the fastest-growing areas of the travel and tourism industry. It is also one that is too often overlooked by tourism professionals and marketers. Educational tourism is not only for young students. People of all ages...
Does the Fate of Tourism Hinge on Land Use?
PolyU’s School of Hotel and Tourism Management | March 26, 2024
Changes in land use rights to encourage tourism can have unexpected negative consequences for tourist businesses, according to Dr Michael Lin of the School of Hotel and Tourism Management (SHTM) at The Hong Kong Polytechnic University and co-authors. Noting that the impact of land use regulation on tourism has historically been understudied, the researchers performed an impact assessment of a unique form of tourist business in Namibia. They found that although regulatory changes had expanded access to land use rights, the economic outcomes for these ventures were not entirely positive, due to legal complexities and conflicts between stakehold...
Rivalry Brewing: UAE Vs. Saudi Arabia
Tareq Bagaeen | March 25, 2024
By Tareq Bagaeen It is no secret that The Kingdom of Saudi Arabia is changing. Over just the past five years the change has been staggering, both socially, and politically as well as a dramatic shift in its economic vision. Oil & Gas has been the foundation of its strength, and it continues to be but the shift to diversify is massive. Great festivals bolster their main cities and act as significant drivers of local tourism; Formula E has been lighting up Riyadh since 2018; Formula 1 since 2021 in Jeddah, along with a host of significant political and business conferences. Of course, Hajj & Umrah are another major stream of inbou...
International Visitors Spent $19.7 Billion in the United States in January 2024
National Travel and Tourism Office | March 12, 2024
Data recently released by the National Travel and Tourism Office (NTTO) show that in January 2024: • International visitors spent nearly $19.7 billion on travel to, and tourism-related activities within the United States, an increase of more than 23 percent compared to January 2023 and the highest level of monthly spending since December 2019. In fact, monthly U.S. travel and tourism exports are within $1.1 billion of their highwater mark set back in March 2018 when international visitors spent an appreciable $20.8 billion exploring the United States. • Conversely, Americans spent more than $19.0 billion traveling abroad during Jan...
ITA Data Release: December 2023 International Inbound Visitor Spending
National Travel and Tourism Office | February 22, 2024
International Visitors Spent $19.5 Billion in the United States in December 2023 Data recently released by the National Travel and Tourism Office (NTTO) show that in December 2023: International visitors spent $19.5 billion on travel to, and tourism-related activities within, the United States, an increase of more than 22% compared to December 2022 and the highest level of monthly spending since December 2019 (before the onset of reported COVID-19 cases). In fact, monthly U.S. travel and tourism exports are within $1.4 billion of their highwater mark set back in March 2018 when international visitors spent an appreciable $20.8 billion ...
