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7 de nov. de 2022 · "With a recession looming, consumers will likely adapt their travel in three ways: shorten the length of their trips, select cheaper destinations and use more price comparison platforms," said Hefer. "We saw these shifts in consumer behavior in Western Europe as the recession is expected to hit harder there than in the U.S."
24 de may. de 2022 · Recovery for the sector is uneven and tourist arrivals in January 2022 were still 67% below 2019 levels, according to the World Tourism Organization. Here are some key findings from the index on how the sector can build back better. In 2018, international tourism grew for the ninth consecutive year.
19 de dic. de 2022 · A looming recession and higher than previously anticipated inflation across Europe will erode earnings and weigh on consumer spending and tourism demand. Staff shortages will continue to increase labour costs for the industry which will have to be, at least partially, passed on to consumers.
While each airline and each hotel company will have to make its own decisions, we explore four key strategic pillars that can help focus a company's pre-downturn investments for resilience and long-term strength to build a better business strategy during a recession.
1 de nov. de 2022 · This year’s report predicts that global tourism arrivals will increase by 30 percent in 2023, but will remain below pre-pandemic levels. The report hypothesizes that the economic downturn, sanctions on Russia, and China’s zero-covid strategy will delay the industry’s recovery to pre-pandemic numbers.
5 de ago. de 2020 · COVID-19 has caused an unprecedented crisis for the tourism industry. International tourist arrivals are projected to plunge by 60 to 80 percent in 2020, and tourism spending is not likely to return to precrisis levels until 2024. This puts as many as 120 million jobs at risk. 2.
In the first half of this year, tourist arrivals fell globally by more than 65 percent, with a near halt since April—compared with 8 percent during the global financial crisis and 17 percent amid the SARS epidemic of 2003, according to ongoing IMF research on tourism in a post-pandemic world.
