travel & tourism
Statistics, Sustainability and Governance: UN Tourism Hosts Week of Meetings to Celebrate Milestones and Strategize on Way Forward
UN Tourism | October 9, 2024
With the global tourism sector shifting towards greater sustainability, the meetings at the Organization’s Madrid headquarters advanced work around effective governance and harmonized measurement and monitoring. Statistics for Sustainability The Expert Group on Measuring the Sustainability of Tourism (MST) met for the fifth time, moving on from the technical development of the landmark UN-endorsed Statistical Framework to its global implementation. Endorsed by the 55th session of the UN Statistical Commission, this framework is the first sectoral example of statistics going beyond GDP, demonstrating the integration of data across eco...
WTTC 24th Global Summit 2024 Officially Opens in Perth, Australia
The World Travel & Tourism Council | October 9, 2024
Perth, Australia: The World Travel & Tourism Council (WTTC) has officially opened its 24th Global Summit in the heart of Western Australia’s vibrant capital, Perth (Boorloo). Gathering industry leaders, government officials, and distinguished guests from across the globe, the summit aims to set the strategic direction for the future of the Travel & Tourism sector. In her keynote address, WTTC President & CEO, Julia Simpson, underscored the significance of holding the summit in Perth, a city renowned for its historical connection to the world of exploration, its deep ties to Indigenous heritage, and its modern role as a globa...
September 2024 Hotel Industry Outlook: Anticipating Accelerated Growth
Anne R. Lloyd-Jones | October 4, 2024
After twelve months of declining occupancy and improving ADR from April 2023 through March 2024, the U.S. lodging market appears to have entered a period of relative stability, with changes in both metrics more subdued than in the recent past. However, as with most averages, these aggregate results comprise notable variations among individual markets and lodging segments. The meeting and group segment continues to increase, supported by both improving convention activity and continued growth in corporate group meetings and events. These trends are particularly beneficial to the luxury and upper-upscale segments of the market, as well as in...
Seattle Hotel Market: A Shining Beacon of the Pacific Northwest
Eileen Bosworth | February 26, 2024
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France to Keep Its Crown as Most Popular Destination for International Visitors, Reveals WTTC
World Travel & Tourism Council | January 15, 2024
New data shows arrivals on brink of sector high Seat capacity to surpass pre-pandemic levels Nice surges as a key destination Paris, France: Latest flight booking data from the World Travel & Tourism Council (WTTC) and its knowledge partner ForwardKeys, shows France is set to keep its pole position as the world’s most popular destination for international arrivals this year. The research reveals a positive outlook for France's inbound travel, with arrivals set to almost reach pre-pandemic highs this year. During her participation at the Destination France event taking place in Chantilly and hosted by President Macron, ...
America’s Travel Comeback: Five Ways We’re Supporting Our Travel & Tourism Industry
Grant T. Harris | December 12, 2023
By Grant T. Harris This is the fourth piece in a blog series about the 2023 National Export Strategy, a government-wide strategic plan to support American businesses through trade promotion activities. This article focuses on the Travel and Tourism chapter of the National Export Strategy. This post contains external links. Please review our external linking policy. The holiday travel season is here! As families and friends gather for celebrations, it’s a great time to spotlight a critical driver of economic growth and employment in the United States: the travel and tourism industry. You’ve seen the headlines: Travel is back,...
WTTC Statement on the Death of Henry Kissinger
The World Travel & Tourism Council | December 1, 2023
London, UK: The World Travel & Tourism Council (WTTC) today acknowledges the influential contributions of American statesman Henry Kissinger in its founding. Kissinger's encouragement and support were instrumental in giving the Travel & Tourism sector a unified voice on the global stage. In the late 1980s, sector leaders, including James Robinson III of American Express, recognised the lack of awareness about Travel & Tourism’s economic impact within the sector and among governments. Despite being a major job provider, the sector was often seen as non-essential, with no collective data or unified representation. This led ...
JLL’s Global Real Estate Perspective May 2023
JLL | July 24, 2023
Subdued activity as uncertainty delays decision-making Economic conditions remain challenging in many countries with inflation still stubbornly high, interest rates continuing to climb and softening labor markets, while distress in the banking sector has added to volatility. This is leading to more defensive strategies from occupiers as they delay requirements. Continued uncertainty and elevated borrowing costs are also impacting investor sentiment and inhibiting transaction markets. The effects of economic headwinds on the office sector increased during the first quarter, with global leasing volumes 18% below Q1 2022 and declining across...
