Travel and Tourism Industry Trends in 2021: Post-Pandemic
India’s Tourism Sector
Impact of COVID-19 on the tourism sector, second quarter of 2021
TechnoFunc
Virtual tourism can rebuild travel for a post-pandemic world
Tourism industry & its problems
COMMENTS
What is travel and tourism's role in future global prosperity?
In the coming decade, T&T's role in mitigating socioeconomic risks will only climb, with the World Travel and Tourism Council forecasting T&T sector GDP to grow at nearly double the rate of the broader global economy in the 10 years to 2033, thereby adding more than 100 million new jobs. On an environmental level, T&T is a key stakeholder in ...
What next for travel and tourism? Here's what the experts say
In 2020 alone, the travel and tourism sector lost $4.5 trillion and 62 million jobs globally. But as the world recovers from the impacts of the COVID-19 pandemic, travel and tourism can bounce back as an inclusive, sustainable, and resilient sector. Two experts highlight some of the key transformations in the sector going forward during the ...
What are the latest travel trends?
We've done a deep dive into the latest travel trends and how industry players can adjust accordingly in The state of travel and hospitality 2024 report. Check out the highlights below, as well as McKinsey's insights on AI in travel, mass tourism, and much more. Learn more about McKinsey's Travel, Logistics, and Infrastructure Practice.
Future of tourism: Tech, staff, and customers
As travel resumes and builds momentum, it's becoming clear that tourism is resilient—there is an enduring desire to travel. Against all odds, international tourism rebounded in 2022: visitor numbers to Europe and the Middle East climbed to around 80 percent of 2019 levels, and the Americas recovered about 65 percent of prepandemic visitors 1 "Tourism set to return to pre-pandemic levels ...
The trends shaping tourism in 2024
The global tourism industry has lost 900 billion yuan. What is the situation?," NetEase, February 12, 2024. In 2024, domestic travel during Lunar New Year exceeded prepandemic levels by 19 percent. China's domestic travel market is expected to grow 12 percent annually and overtake the United States' to become the world's largest by 2030 ...
How is the travel and tourism industry recovering?
The World Economic Forum has published its inaugural Travel and Tourism Development Index. It focuses on the growing role of sustainability and resilience in travel and tourism growth. Recovery for the sector is uneven and tourist arrivals in January 2022 were still 67% below 2019 levels, according to the World Tourism Organization.
Economic Impact Research
WTTC's latest annual research shows: In 2023, the Travel & Tourism sector contributed 9.1% to the global GDP; an increase of 23.2% from 2022 and only 4.1% below the 2019 level. In 2023, there were 27 million new jobs, representing a 9.1% increase compared to 2022, and only 1.4% below the 2019 level.
Tourism and COVID-19
Tourism is one of the sectors most affected by the Covid-19 pandemic, impacting economies, livelihoods, public services and opportunities on all continents. All parts of its vast value-chain have been affected. Export revenues from tourism could fall by $910 billion to $1.2 trillion in 2020. This will have a wider impact and could reduce global ...
Tourism and Troubles: Effects of Security Threats on the Global Travel
Tourism is one of the largest contributors to gross domestic product (GDP), economic development, and job creation (UNWTO, 2018).Jus and Misrahi (2021) report that prior to the COVID-19 pandemic, the travel & tourism sector's direct, indirect, and induced impacts contributed US$9.2 trillion to the global economy and supported 334 million jobs in 2019, while it directly contributed 10.4% of ...
Tourism's Importance for Growth Highlighted in World Economic ...
10 Nov 2023. Tourism has again been identified as a key driver of economic recovery and growth in a new report by the International Monetary Fund (IMF). With UNWTO data pointing to a return to 95% of pre-pandemic tourist numbers by the end of the year in the best case scenario, the IMF report outlines the positive impact the sector's rapid ...
Five big challenges facing the travel and tourism industry in 2024
"If you use 2019 as a benchmark, travel and tourism contributed 11.6% to the Chinese economy," says Julia Simpson, president and chief executive of the World Travel & Tourism Council (WTTC).In that year, the travel and tourism industry employed 82 million people in China and was valued at $1.8 trillion, while recent analysis released by WTTC and Oxford Economics shows a dip to a 7.9% ...
How it all went wrong for tourism
"Tourism has gone right in many places, but broadly [the industry] has lost the trust of local people," he says. "It's been really, really bad this year," he says of the protests and ...
Is overtourism a problem?
Harold Goodwin, emeritus professor at Manchester Metropolitan University, says, "Overtourism is a function of visitor volumes, but also of conflicting behaviours, crowding in inappropriate ...
The future of travel and tourism as per 4 sector leaders
The global travel and tourism sector's post-pandemic recovery is gaining pace as the world's pent-up desire for travel rekindles. The difference in international tourist arrivals in January 2021 and a similar period in January 2022 was as much as the growth in all of 2021. However, with $4.5 trillion in GDP and 62 million jobs lost in 2020 ...
The current state of global tourism and factors shaping the industry in
Before the pandemic, the USD 8 trillion industry accounted for 10.4% of global GDP and 10.6% of total global employment, while tourist spending totalled USD 1.7 trillion. A nosedive in international travel resulted in a loss of approximately USD 1.3 trillion in export revenues —more than 11 times bigger loss than the one experienced in the ...
PDF The state of tourism and hospitality 2024
laces, and trends shaping tourism. n 2024Global travel is back and buzzing. More regional trips, newly emerging travelers, and a fresh set of. estinations are powering steady spending.After falling by 75 percent in 2020, travel is on its. ay to a full recovery by the end of 2024. Domestic travel is expected to grow 3 percent annually and reach ...
5 Mega Challenges Facing the Global Travel and Tourism Industry
Travel Insight #2: The ripple effects of geopolitical disruption. Geopolitical instability is also a key concern for the travel and tourism industry. The outlook for global travel and tourism for inbound spending is expected to be at 45% of 2019 levels, according to Euromonitor's travel forecast model. The war in Ukraine is estimated to have ...
Global tourism industry
In 2023, travel and tourism's direct contribution to gross domestic product (GDP) was approximately 9.9 trillion U.S. dollars, making up a 9.1 percent share of the total global GDP. Show more ...
What are the Biggest Challenges of Sustainable Tourism Today?
Tourism has experienced immense changes in the recent past. The COVID-19 pandemic and travel restrictions of 2020 and 2021 made the last three years very challenging. Now that we are rapidly unravelling the post-pandemic era, there is hope for a rapid shift toward sustainable tourism, but the industry still faces numerous challenges.
10 Economic impacts of tourism + explanations + examples
The tourism industry is valued at US$1trillion a year; Tourism accounts for 30 percent of the world's exports of commercial services ; ... Other issues that could result in a decline in tourism includes economic recession, natural disasters and changing tourism patterns. Over-reliance on tourism carries risks to tourism-dependent economies ...
Sustainable Tourism: These Are the Key Challenges
The tourism industry has witnessed a sea of change in the past three years due to the pandemic and travel restrictions. While many of us hoped for a shift toward sustainable tourism on a massive scale, the industry continues to be plagued by problems. ... It contains 27 chapters providing insightful detail into key sustainable tourism issues ...
How global tourism can become more sustainable, inclusive and resilient
The International Air Transport Association (IATA) forecasts a 50.4% improvement on 2020 air travel demand, which would bring the industry to 50.6% of 2019 levels. However, a more pessimistic outlook based on the persistence of travel restrictions suggests that demand may only pick up by 13% this year, leaving the industry at 38% of 2019 levels.
Beyond travel! What's TRENDing in sustainable tourism? An investigation
Current Issues in Tourism 25(21): 3412-3424. Crossref. Google Scholar. Foucault M (1979) Discipline and Punish: The Birth of the Prison. Vintage Books. ... (2019) Professionalizing and profiting: the rise of intermediaries in the social media influencer industry. Social Media and Society 5(1): 1-11. Crossref. Google Scholar.
Tourists are spending more time on First Nations cultural experiences
report, released last month, made 28 recommendations, following a year of public hearings which heard from the major airlines, tourism bodies and academics about the challenges facing the sector.
Navigating Intentions in the Voluntourism Industry
Certain locations have become hotspots for the voluntourism industry largely due to their perceived need for aid and the exotic appeal they hold for travelers. Countries like Haiti, Mexico, and the Dominican Republic frequently host these volunteer trips, often in tandem with established tourism infrastructures.
How rising global temperatures impact the tourism industry
The tourism sector creates around a tenth of the greenhouse gas emissions that are driving the climate crisis, according to the World Travel & Tourism Council. Practically half of all transport emissions stem from global tourism, other studies say. And total emissions from tourism are forecast to rise by a quarter between 2016 and 2030, says ...
Tourism ministry to look at labour market within the sector following
HANOVER, Jamaica— Following a recent unrest by tourism workers at Royalton Negril which brought services to a halt, the tourism ministry is moving to take a greater look at the labour market ...
IMAGES
COMMENTS
In the coming decade, T&T's role in mitigating socioeconomic risks will only climb, with the World Travel and Tourism Council forecasting T&T sector GDP to grow at nearly double the rate of the broader global economy in the 10 years to 2033, thereby adding more than 100 million new jobs. On an environmental level, T&T is a key stakeholder in ...
In 2020 alone, the travel and tourism sector lost $4.5 trillion and 62 million jobs globally. But as the world recovers from the impacts of the COVID-19 pandemic, travel and tourism can bounce back as an inclusive, sustainable, and resilient sector. Two experts highlight some of the key transformations in the sector going forward during the ...
We've done a deep dive into the latest travel trends and how industry players can adjust accordingly in The state of travel and hospitality 2024 report. Check out the highlights below, as well as McKinsey's insights on AI in travel, mass tourism, and much more. Learn more about McKinsey's Travel, Logistics, and Infrastructure Practice.
As travel resumes and builds momentum, it's becoming clear that tourism is resilient—there is an enduring desire to travel. Against all odds, international tourism rebounded in 2022: visitor numbers to Europe and the Middle East climbed to around 80 percent of 2019 levels, and the Americas recovered about 65 percent of prepandemic visitors 1 "Tourism set to return to pre-pandemic levels ...
The global tourism industry has lost 900 billion yuan. What is the situation?," NetEase, February 12, 2024. In 2024, domestic travel during Lunar New Year exceeded prepandemic levels by 19 percent. China's domestic travel market is expected to grow 12 percent annually and overtake the United States' to become the world's largest by 2030 ...
The World Economic Forum has published its inaugural Travel and Tourism Development Index. It focuses on the growing role of sustainability and resilience in travel and tourism growth. Recovery for the sector is uneven and tourist arrivals in January 2022 were still 67% below 2019 levels, according to the World Tourism Organization.
WTTC's latest annual research shows: In 2023, the Travel & Tourism sector contributed 9.1% to the global GDP; an increase of 23.2% from 2022 and only 4.1% below the 2019 level. In 2023, there were 27 million new jobs, representing a 9.1% increase compared to 2022, and only 1.4% below the 2019 level.
Tourism is one of the sectors most affected by the Covid-19 pandemic, impacting economies, livelihoods, public services and opportunities on all continents. All parts of its vast value-chain have been affected. Export revenues from tourism could fall by $910 billion to $1.2 trillion in 2020. This will have a wider impact and could reduce global ...
Tourism is one of the largest contributors to gross domestic product (GDP), economic development, and job creation (UNWTO, 2018).Jus and Misrahi (2021) report that prior to the COVID-19 pandemic, the travel & tourism sector's direct, indirect, and induced impacts contributed US$9.2 trillion to the global economy and supported 334 million jobs in 2019, while it directly contributed 10.4% of ...
10 Nov 2023. Tourism has again been identified as a key driver of economic recovery and growth in a new report by the International Monetary Fund (IMF). With UNWTO data pointing to a return to 95% of pre-pandemic tourist numbers by the end of the year in the best case scenario, the IMF report outlines the positive impact the sector's rapid ...
"If you use 2019 as a benchmark, travel and tourism contributed 11.6% to the Chinese economy," says Julia Simpson, president and chief executive of the World Travel & Tourism Council (WTTC).In that year, the travel and tourism industry employed 82 million people in China and was valued at $1.8 trillion, while recent analysis released by WTTC and Oxford Economics shows a dip to a 7.9% ...
"Tourism has gone right in many places, but broadly [the industry] has lost the trust of local people," he says. "It's been really, really bad this year," he says of the protests and ...
Harold Goodwin, emeritus professor at Manchester Metropolitan University, says, "Overtourism is a function of visitor volumes, but also of conflicting behaviours, crowding in inappropriate ...
The global travel and tourism sector's post-pandemic recovery is gaining pace as the world's pent-up desire for travel rekindles. The difference in international tourist arrivals in January 2021 and a similar period in January 2022 was as much as the growth in all of 2021. However, with $4.5 trillion in GDP and 62 million jobs lost in 2020 ...
Before the pandemic, the USD 8 trillion industry accounted for 10.4% of global GDP and 10.6% of total global employment, while tourist spending totalled USD 1.7 trillion. A nosedive in international travel resulted in a loss of approximately USD 1.3 trillion in export revenues —more than 11 times bigger loss than the one experienced in the ...
laces, and trends shaping tourism. n 2024Global travel is back and buzzing. More regional trips, newly emerging travelers, and a fresh set of. estinations are powering steady spending.After falling by 75 percent in 2020, travel is on its. ay to a full recovery by the end of 2024. Domestic travel is expected to grow 3 percent annually and reach ...
Travel Insight #2: The ripple effects of geopolitical disruption. Geopolitical instability is also a key concern for the travel and tourism industry. The outlook for global travel and tourism for inbound spending is expected to be at 45% of 2019 levels, according to Euromonitor's travel forecast model. The war in Ukraine is estimated to have ...
In 2023, travel and tourism's direct contribution to gross domestic product (GDP) was approximately 9.9 trillion U.S. dollars, making up a 9.1 percent share of the total global GDP. Show more ...
Tourism has experienced immense changes in the recent past. The COVID-19 pandemic and travel restrictions of 2020 and 2021 made the last three years very challenging. Now that we are rapidly unravelling the post-pandemic era, there is hope for a rapid shift toward sustainable tourism, but the industry still faces numerous challenges.
The tourism industry is valued at US$1trillion a year; Tourism accounts for 30 percent of the world's exports of commercial services ; ... Other issues that could result in a decline in tourism includes economic recession, natural disasters and changing tourism patterns. Over-reliance on tourism carries risks to tourism-dependent economies ...
The tourism industry has witnessed a sea of change in the past three years due to the pandemic and travel restrictions. While many of us hoped for a shift toward sustainable tourism on a massive scale, the industry continues to be plagued by problems. ... It contains 27 chapters providing insightful detail into key sustainable tourism issues ...
The International Air Transport Association (IATA) forecasts a 50.4% improvement on 2020 air travel demand, which would bring the industry to 50.6% of 2019 levels. However, a more pessimistic outlook based on the persistence of travel restrictions suggests that demand may only pick up by 13% this year, leaving the industry at 38% of 2019 levels.
Current Issues in Tourism 25(21): 3412-3424. Crossref. Google Scholar. Foucault M (1979) Discipline and Punish: The Birth of the Prison. Vintage Books. ... (2019) Professionalizing and profiting: the rise of intermediaries in the social media influencer industry. Social Media and Society 5(1): 1-11. Crossref. Google Scholar.
report, released last month, made 28 recommendations, following a year of public hearings which heard from the major airlines, tourism bodies and academics about the challenges facing the sector.
Certain locations have become hotspots for the voluntourism industry largely due to their perceived need for aid and the exotic appeal they hold for travelers. Countries like Haiti, Mexico, and the Dominican Republic frequently host these volunteer trips, often in tandem with established tourism infrastructures.
The tourism sector creates around a tenth of the greenhouse gas emissions that are driving the climate crisis, according to the World Travel & Tourism Council. Practically half of all transport emissions stem from global tourism, other studies say. And total emissions from tourism are forecast to rise by a quarter between 2016 and 2030, says ...
HANOVER, Jamaica— Following a recent unrest by tourism workers at Royalton Negril which brought services to a halt, the tourism ministry is moving to take a greater look at the labour market ...