– Faith-based travel generates significant tourism revenue in key markets – MENA countries are developing transport and cultural offerings to improve capacity – Religious events represent key drivers of arrivals to some regions – Technology can help improve connectivity and access to faith-based offerings With many emerging markets diversifying their tourism offerings,…
– Global tourism figures are recovering but remain below 2019 levels in most regions – Support for smaller firms and local content is expanding tourism offerings – Markets in the Middle East target the sector as path to economic diversification – Regenerative tourism supports both revenue- and emissions-focused targets As emerging markets develop new attractions and tap…
Small island nations like the Bahamas that rely heavily on tourism revenue have experienced particular challenges when it comes to their post-pandemic recovery. However, development strategies based on sustainable approaches – including green, blue and orange economy initiatives – have the potential to generate reliable sources of revenue and value addition in the years ahead. Tourism will continue…
– Tourism is a key contributor both to global GDP and global emissions – There have been calls for a major reboot of the sector following Covid-19 – Airlines are now able to offset emissions in an international carbon exchange – Air carrier organisations in both MENA and the EU have set net-zero targets The global tourism industry – which accounted for 10% of GDP yet 8% of global…
En Español Explore how Peru is leveraging its tourism sector’s development as a growth driver for the rest of the economy. Our new Growth & Recovery video, produced in partnership with the Commission for the Promotion of Peru for Exports and Tourism (Promperu), analyses the emergence of new drivers of growth and investment within Peru’s tourism sector. Attracted by a business-friendly
Tourism has been hit harder than mostindustries by the coronavirus pandemic. However, news that an effective vaccine could soon be available has raised hopes that a recovery may come sooner than expected. On November 9 US pharmaceutical giant Pfizer and German biotechnology company BioNTech announced that a jointly developed vaccine candidatewas effective atpreventingmore…
Amid global travel restrictions, social-distancing protocols and prohibitions on mass gatherings, the world’s meetings, incentives, conferences and exhibitions (MICE) segment has been forced to adapt to the pandemic, with some events shifting online and others being deferred. Before the outbreak of the virus – and the subsequent introduction of travel restrictions and social-distancing guidelines…
Covid-19 dealt a body blow to the global travel industry, but there are signs that a recovery is slowly under way as policymakers make concerted efforts to meet pent-up demand for leisure tourism. However, business travel will take longer to recuperate, and may struggle to return to pre-pandemic levels. Worldwide, tourism has been one of the sectors worst hit by the coronavirus pandemic. Travel…
