Tag: forecasts

Jamaica Tourism Minister Bartlett new cooperation with President Clinton on Tourism Resilience

Juergen T Steinmetz Juergen T Steinmetz- June 4, 2019 16:39

Alongside President and Secretary Clinton, Jamaica's Minister for Tourism, the Hon. Edmund Bartlett spoke today the ongoing 4th meeting of the Clinton Global Initiative (CGI) Action Network on Post-Disaster Recovery ... Read More

IATA forecast for global aviation in 2019 is not so good for reasons listed

Juergen T Steinmetz Juergen T Steinmetz- June 2, 2019 02:30

The International Air Transport Association (IATA) announced a downgrade of its 2019 outlook for the global air transport industry to a $28 billion profit (from $35.5 billion forecasts in December ... Read More

PATA Annual Summit 2019: Issues of sustainability and social responsibility

Juergen T Steinmetz Juergen T Steinmetz- May 22, 2019 04:13

The PATA Annual Summit 2019 (PAS 2019), under the theme ‘Progress with a Purpose’, opened in Cebu, Philippines on May 9 with 383 delegates from 194 organisations and 43 destinations ... Read More

UNWTO: International tourism numbers and confidence on the rise

Chief Assignment Editor Chief Assignment Editor- May 21, 2019 18:42

The latest issue of the UNWTO World Tourism Barometer from the World Tourism Organization shows that international tourism continued to grow over the first quarter of 2019. Though at a ... Read More

FITUR 2020 celebrates its 40th anniversary with its most professional and international edition

Chief Assignment Editor Chief Assignment Editor- May 21, 2019 15:19

The next edition of FITUR, organised by IFEMA, will take place at Feria de Madrid from the 22 to 26 January 2020, and is looking to once again become the ... Read More

Ireland: Slowdown in growth for international arrivals from 2018 to 2022

Chief Assignment Editor Chief Assignment Editor- May 13, 2019 20:20

Growth rates for Ireland and international arrivals have decreased significantly with the Compound Annual Growth Rates (CAGR) nearly half the rate for the previous years from 8.1% in 2014 to ... Read More

Hilton’s brand portfolio overtakes Marriott’s as world’s most valuable

Chief Assignment Editor Chief Assignment Editor- May 9, 2019 22:40

Hilton has extended its lead as the world’s most valuable hotel brand while the total value of its brand portfolio within the Brand Finance Hotels 50 ranking has overtaken Marriott’s, ... Read More

FRAPORT: Revenue and earnings increase – Outlook confirmed

Juergen T Steinmetz Juergen T Steinmetz- May 8, 2019 08:02

The Fraport Group has successfully started off the new business year, achieving higher revenue and earnings in the first three months of 2019. Supported by solid passenger growth at Frankfurt ... Read More

Singapore to host 2019 Global Restaurant Leadership Conference

Chief Assignment Editor Chief Assignment Editor- May 8, 2019 01:10

The fourth annual Global Restaurant Leadership Conference (GRLC), presented by Winsight, LLC, will take place Nov. 3-6, 2019, at the Marina Bay Sands luxury hotel in Singapore. GRLC is the ... Read More

FAA 2019 aerospace forecast

editor editor- May 1, 2019 22:11

The FAA forecasts U.S. airline enplanements (passengers) will increase from 743.9 million in 2017 to 780.8 million in 2018, a 5.0 percent increase. All safety, efficiency and economic indicators show ... Read More

Sea cruise 2019-2020: What is the Italian trend?

Mario Masciullo - eTN Italy Mario Masciullo - eTN Italy- April 12, 2019 00:24

Sea cruising in Italy is starting to grow again, aligning itself with the international trend. This is the message of the president of Cemar Agency Network of Genoa, who presented ... Read More

Saudi tourism sector worth over $70 billion in 2019

Chief Assignment Editor Chief Assignment Editor- April 10, 2019 13:30

Saudi Arabia’s travel and tourism sector is expected to contribute $70.9 billion (SAR 263.1 billion) in total to the country’s GDP in 2019, according to data from the World Travel ... Read More

Ethiopia, Rwanda and Uganda: Top 10 improved world travel destinations

Apolinari Tairo - eTN Tanzania Apolinari Tairo - eTN Tanzania- April 10, 2019 00:59

Three Eastern African nations have emerged among the top ten fastest-growing destinations for tourism in the world. The 2019 annual report compiled by the World Travel and Tourism Council (WTTC) ... Read More

What airport is now busier than mega-hubs Frankfurt and Dallas Fort Worth?

editor editor- April 8, 2019 18:24

This airport has now become the world's 12th busiest airport, moving up four places from the 16th spot in 2017. According to the preliminary world airport traffic rankings for 2018 ... Read More

Budapest Airport launches new winter routes

editor editor- March 27, 2019 23:52

Launching 15 new winter routes in total, Ryanair route additions will see 3 new destinations on Budapest Airport’s route map. Facing no competition on its new operations to Lappeenranta, Luxembourg ... Read More

PATA: Indian tourism to Asia Pacific will increase by 5.4 million in next 4 years

Chief Assignment Editor Chief Assignment Editor- March 25, 2019 16:52

India is set to generate an incremental increase of 5.4 million visitor arrivals between 2018 and 2023, according to a latest report by PATA’s Asia Pacific Visitor Forecasts 2019-2023. Of ... Read More

Global average airline ticket price expected to drop by April

Chief Assignment Editor Chief Assignment Editor- March 12, 2019 16:30

CWT Solutions Group forecasts global average ticket prices (ATP) for air bookings will drop to around US$673 by April, down just over 4% from February levels, as published fares correct ... Read More

ITB 2019 closing report: Robust and resilient

Juergen T Steinmetz Juergen T Steinmetz- March 10, 2019 14:59

Uninterrupted growth at a high level: despite a slowdown in the world economy demand within the world’s travel industry remains extremely stable. As ITB Berlin comes to a close this ... Read More

Fairmont Pittsburgh bought for $30 million Dollars

Juergen T Steinmetz Juergen T Steinmetz- February 24, 2019 06:04

Fairmont Pittsburgh, a 185-room luxury hotel located in Pittsburgh, Pennsylvania was bought for a purchase price of $30 million, or approximately $162,000 per key by Xenia Hotels & Resorts. The acquisition ... Read More

Radisson Hotel Group signs portfolio deal for six hotels in Egypt

Chief Assignment Editor Chief Assignment Editor- February 8, 2019 17:17

Radisson Hotel Group announced the signing of six new hotels in Egypt as part of a portfolio deal across a number of its brands. The agreement was signed with existing ... Read More

PATA: Asia Pacific will welcome 900 million international visitors in 2023

Chief Assignment Editor Chief Assignment Editor- February 7, 2019 19:30

The overall annual growth rate for international visitors into 40 Asia Pacific destinations is estimated to have been around 7.8 percent in 2018, generating an inbound volume of around 688 ... Read More

New WTTC report identifies global megatrends for travel and tourism 

editor editor- January 23, 2019 23:42

A new report by World Travel & Tourism Council identifies opportunities and risks for travel and tourism.  Read More

Flow from China will dominate Asia Pacific tourist arrivals in 2023

Chief Assignment Editor Chief Assignment Editor- January 23, 2019 19:40

According to the latest edition of PATA's Asia Pacific Visitor Forecasts, the Asia Pacific region is expected to enjoy a steady 5.5% average increase in international visitor arrivals (IVAs) per ... Read More

Safe air travel in winter

editor editor- January 22, 2019 19:51

At Munich Airport over 600 employees work with special equipment to battle ice and snow during the winter. Read More

FITUR beats the record for participation in its most international edition yet

Chief Assignment Editor Chief Assignment Editor- January 22, 2019 17:25

From 23 to 27 January, Madrid will once again become the focus of attention for the international tourism community with FITUR, the International Tourism Fair, organized by IFEMA. This year’s ... Read More

UNWTO: International tourist arrivals reach 1.4 billion two years ahead of forecasts

Chief Assignment Editor Chief Assignment Editor- January 21, 2019 17:25

International tourist arrivals grew 6% in 2018, totalling 1.4 billion according to the latest UNWTO World Tourism Barometer. UNWTO’s long term forecast issued in 2010 indicated the 1.4 billion mark ... Read More

Latin America outperforms North America in tourism growth

Chief Assignment Editor Chief Assignment Editor- January 11, 2019 17:25

With five percent more international trips, outbound travel from the Americas has shown solid growth in 2018 with a plus of 5 percent. In contrast to the previous year, where ... Read More

Africa’s travel and tourism: Impressive growth in the past year

Chief Assignment Editor Chief Assignment Editor- January 10, 2019 18:30

Africa hit a 63 million high in international tourist arrivals in 2017, as compared to 58 M in 2016 (+ 9% vs 2016); according to a Hospitality Report published in ... Read More

Global travel retail market: Strategies and forecasts

editor editor- January 8, 2019 21:05

The global travel retail market was at US$ 63.59 billion in 2017 growing with a CAGR of 8.1% during the forecast period from 2018 to 2026. Read More

Essential questions to ask business vendors

editor editor- January 3, 2019 18:20

There are some fundamental questions that you should ask vendors before you sign on the dotted line. Read More

Indonesian Authorities warned after Tsunami killed hundreds: Stay off the beaches!

Juergen T Steinmetz Juergen T Steinmetz- December 24, 2018 09:10

In Indonesia, The Sunda Strait tsunami killed at least 281 people and injured more than 1,016 others.  The volcano Anak Krakatau, which lies roughly halfway between Java and Sumatra, has ... Read More

India has excellent news for Boeing

Juergen T Steinmetz Juergen T Steinmetz- December 19, 2018 08:13

This year alone, more than 10 million passengers, on average, traveled within India each month, and this is excellent news for Boeing. Read More

First plane for the new Boeing Deliver Center in China is a B737 Max

Juergen T Steinmetz Juergen T Steinmetz- December 15, 2018 09:58

The deadly B737 MAX crash by Indonesian Lion Air still fresh, Boeing and joint venture partner Commercial Aircraft Corporation of China, Ltd (COMAC) today celebrated the delivery of the first ... Read More

IATA: Airlines heading for a decade in the black

Chief Assignment Editor Chief Assignment Editor- December 12, 2018 06:30

The International Air Transport Association (IATA) forecasts the global airline industry net profit to be $35.5 billion in 2019, slightly ahead of the $32.3 billion expected net profit in 2018 ... Read More

Airlines for America Forecasts Busy Air Travel this Holiday Season

Dmytro Makarov Dmytro Makarov- December 10, 2018 22:20

Airlines for America (A4A), the industry trade organization for the leading U.S. airlines, today projected that 45.7 million passengers will travel on U.S. airlines over the 18-day winter holiday travel ... Read More

Mexico’s tourism earnings up 15.1 percent

Chief Assignment Editor Chief Assignment Editor- December 8, 2018 08:08

Mexico earned 1.427 billion U.S. dollars from international tourism in October, a 15.1-percent increase year-on-year, the National Institute of Statistics and Geography said on Friday. The number of international tourists ... Read More