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WTTC forecasts investment in Travel & Tourism to reach USD 1.1 trillion

By TBM Staff - Mumbai Thursday, 31 August 2023, 4:00 PM 1026

The World Travel & Tourism Council’s (WTTC) Travel & Tourism Economic Impact 2023 Global Trends Report has revealed 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 USD 754.6BN in 2010 to USD 1.1TN […]Continue Reading

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Drop of additional 5bn global passengers due to Covid by year end: ACI World

By TBM Staff - Mumbai Monday, 19 July 2021, 1:00 PM 1933

New Airports Council International (ACI) World data shows the lasting adverse impact of the COVID-19 crisis is forecast to remove an additional five billion passengers by the end of this year compared to the pre-COVID-19 forecast. Compared to 2019 levels this is expected to be -47.3% by year end with domestic passenger traffic recovering faster […]Continue Reading