travel growth
The Economic Rollercoaster
Aaron Szyf | October 16, 2023
By Aaron Szyf It seems like we’re on an economic rollercoaster right now and the big question is when we get off. When does inflation cool? We dig into the latest data to help determine if a soft landing really is where we’re heading. After renewed expectations of a recession in recent weeks, as summarized in our earlier blog, it now seems like the prospects of a “soft landing” have increased. Shocking jobs data: Last Friday, BLS surprised economists when it announced that the economy added 336,000 jobs in September, way above the 170,000 increase that was expected and above the monthly average of 267,000 over the past ye...
Capital Investment Fuels Growth in Travel & Tourism, Forecast to Reach Nearly $1 Trillion Says WTTC
The World Travel & Tourism Council | August 23, 2023
Strong travel growth spurred rise in sector investment in 2022 Asia-Pacific and Africa see investment up 161% in 2022 over 2000 Private capital investment integral to sector’s success Las Vegas, USA: The World Travel & Tourism Council’s (WTTC) Travel & Tourism Economic Impact 2023 Global Trends Report today reveals an encouraging resurgence in Travel & Tourism investment, overcoming pandemic setbacks and signalling a strong return to growth. From 2010 to 2019, investment grew steadily at 4.3% CAGR, growing from $754.6BN in 2010 to $1.1TN in 2019, or 4.5% of all economy-wide investment. COVID-19 hit hard, leading to a ...
