Top Stories Trade Associations

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

By TBM Staff - Mumbai Thursday, 31 August 2023, 4:00 PM 871

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

Outbound Top Stories

U.S. remains most popular destination for retail tourism: WTTC

By TBM Staff - Mumbai Saturday, 26 August 2023, 11:00 AM 816

According to the World Travel & Tourism Council (WTTC), the U.S. remains the preferred choice for shopping holiday-makers, as revealed at the recently concluded Virtuoso Travel Week, in Las Vegas. “Retail tourism is a thriving market segment of the Travel & Tourism sector in the U.S.”, said Julia Simpson, President & CEO, WTTC, during her […]Continue Reading

Top Stories Trade Associations

Women’s Participation in Travel & Tourism Critical to Growth of Global Sector: WTTC

By TBM Staff - Mumbai Thursday, 20 July 2023, 5:00 PM 808

The World Travel & Tourism Council (WTTC) reiterated the importance of women’s engagement in Travel & Tourism to catapult its growth and achieve a thriving and resilient sector at the Women Deliver Global Conference, in Kigali, Rwanda. Speaking at the conference, Julia Simpson, President & CEO, WTTC, emphasised the importance of promoting women’s Continue Reading

Inbound Top Stories

Incredible India campaign, smart visas absolutely critical for inbound tourism growth, says Julia Simpson, WTTC president

By TBM Staff - Mumbai Monday, 26 June 2023, 3:30 PM 1466

Smart visas are critical for India to bring in more international tourists along with a focus on destination marketing campaigns such as Incredible India, said Julia Simpson, president of the World Travel & Tourism Council, during a G20 event being held in Goa. Simpson said visa backlogs pose a significant obstacle, with excessive waiting times […]Continue Reading

Outbound Top Stories

T&T sector adds Dh167 bn to UAE’s GDP in 2022

By TBM Staff - Mumbai Wednesday, 31 May 2023, 2:00 PM 1066

The travel and tourism sector’s contribution to the UAE’s gross domestic product grew 60.2 per cent in 2022 to nearly Dh167 billion, it was revealed on Tuesday, and is set to reach Dh180.6 billion by the end of 2023, an 8.3 per cent growth over the previous year, reports Gulf News. An Economic Integration Committee […]Continue Reading

Top Stories Trade News

WTTC calls on governments to incentivise sustainable aviation fuel

By TBM Staff - Mumbai Tuesday, 23 May 2023, 9:49 AM 853

The World Travel & Tourism Council (WTTC) has called on governments around the world to “get serious” on incentivising Sustainable Aviation Fuel (SAF) production and set ambitious targets to produce adequate quantities. Without meaningful quantities of SAF, the global tourism body says the aviation sector cannot decarbonise on a scale that will allow it to […]Continue Reading