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Airline industry to record USD 25.7 billion net profit in 2024: IATA

By TBM Staff - Mumbai Thursday, 7 December 2023, 1:00 PM 152

For 2023, the net profit is estimated at USD 23.3 billion, significantly higher than the USD 9.8 billion projected by the International Air Transport Association (IATA) in June this year. IATA has more than 300 airlines as members. The airline industry’s operating profit is expected to touch USD 49.3 billion in 2024 from USD 40.7 […]Continue Reading

International tourist arrivals reach 84% of pre-pandemic levels: UNWTO

By TBM Staff - Mumbai Wednesday, 20 September 2023, 12:00 PM 942

International tourism has continued to recover from the worst crisis in its history as arrival numbers reached 84% of pre-pandemic levels between January and July 2023, according to the latest data from UNWTO. The Middle East, Europe and Africa lead the global sector’s rebound. Tourism demand continues to show remarkable resilience and sustained recovery, even […]Continue Reading