travel & tourism
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...
412,000 Travel & Tourism Jobs Across the U.S. Will Remain Unfilled Unless Urgent Action Is Taken
WTTC | July 25, 2022
DALLAS (July 25, 2022) – A new analysis by the World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism business sector, estimates 412,000 Travel & Tourism jobs in the U.S. will remain unfilled this year, putting in serious jeopardy the recovery of the sector. According to WTTC’s data, one in 18 jobs remained vacant during the first half of 2022, highlighting a talent crunch that has plagued the sector since early 2021. An estimated 321,000 Travel & Tourism positions went unfilled in the January – June 2022 timeframe (a 5.4% shortage), and worker shortages are expected to persist into 3Q, p...
According to WTTC and ETC, 1.2 Million Travel & Tourism Jobs Across the EU Will Remain Unfilled Unless Urgent Action Is Taken
WTTC | July 21, 2022
Travel agency segment forecasted to be worst hit by a 30% shortfall of workers London, UK: The World Travel & Tourism Council (WTTC) and the European Travel Commission (ETC) warn the Travel & Tourism sector’s recovery could be put at serious risk if almost 1.2 million jobs remain unfilled across the EU. The challenging summer labour shortfall has been revealed by WTTC in its latest analysis of the sector and calls for urgent action to address this critical issue. In 2020, when the pandemic was at its peak, the Travel & Tourism sector across the EU suffered the loss of almost 1.7 million jobs*. In 2021, when governments ...
Tucson Emerges Strongly from Pandemic, Outlook is Optimistic
Zabada Abouelhana | June 28, 2022
By Zabada N. Abouelhana Prior to the onset of the COVID-19 pandemic, Tucson’s lodging industry was reaching new heights. After eight years of growth spurred by a large-scale expansion at Raytheon Technologies, the relocation of Caterpillar and Hexagon to Tucson’s revitalizing downtown, and growth at the University of Arizona, performance had reached a new peak. This positive trend reportedly continued through the first months of 2020, which included the Tucson Gem & Mineral Show in February; however, the hotel industry begun to be affected by the COVID-19 pandemic mid-March. As travel restrictions were enacted across the w...