ILTM Asia Pacific celebrated its most prolific event since 2019 this week in Singapore, welcoming 500 luxury travel suppliers from across the world to meet with 500 accredited regional agents representing their high-net worth clients across 25 countries in the region, including Australia, Brunei, Indonesia, Japan, the Republic of Korea, Kyrgyzstan, Malaysia, New Zealand, the…
Travel and tourism industry deal activity plummets by 41% YoY in January-May 2023
The travel and tourism industry has witnessed a massive 41% year-on-year (YoY) decline in deal activity from 475 deals announced during January-May 2022 to 282* during the first five of months of 2023, reveals GlobalData, a data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The decline in deal activity in the industry indicates…
TD-IWTA Awards 2023: A catalyst for change in the Asian travel industry
The TD-IWTA Awards 2023 are set to celebrate the achievements of exceptional women in the travel and tourism industry across Asia. The awards, which will be held on 24 June 2023 at the Montien Bangkok Hotel, will recognize women who have made outstanding contributions to the travel industry, demonstrating exceptional leadership, innovation, and a commitment…
Mastercard Economics Institute releases Travel Industry Trends 2023
New insights from the Mastercard Economics Institute reveal that consumers, including those from Middle East and Africa (MENA), are taking advantage of a more traditional travel ecosystem in 2023, prioritizing leisure travel and pioneering new corridors around the world. The Travel Industry Trends 2023 report delivers key insights about the global state of travel, punctuated by shifting economic landscapes,…
BEONx highlights the growing importance of sustainability in the hospitality industry
As the global hospitality industry continues to evolve, sustainability is emerging as a key factor that not only aligns with consumer values but also significantly affects a hotel’s online reputation and financial success. BEONx, a leading provider of advanced revenue management technology, recognises the growing significance of sustainability in the hospitality industry and its impact…
91% of Indian LGBTQ+ Travellers are more comfortable travelling with growing inclusivity in the travel industry: Booking.com
With a mission to make it easier for everyone to experience the world, regardless of how they identify, Booking.com’s most extensive LGBTQ+ travel research to date spotlights the steady progress, as well as the recent setbacks, for these communities when it comes to travel. Despite the travel industry’s growing recognition of the scope and variety…
PATA inducts travel industry pioneer Alwin Zecha into the Gallery of Legends
The Pacific Asia Travel Association (PATA) has announced that Alwin Zecha, founder of the Pacific Leisure Group, has been inducted into the PATA Gallery of Legends. The Gallery of Legends Award is a special honor bestowed once every few years to recipients who were true pioneers in the travel and tourism industry in the Asia…
China’s Domestic Cruise Industry Continues To Grow
China has released further information about its domestic cruise industry development plans. A new joint venture between CSSC (China State Shipbuilding Corporation) and Carnival Corporation was launched, and preliminary designs for a smaller, more luxurious cruise ship were shown. China’s growing presence in the international cruise business is being facilitated in part by a banking…
Continued recovery of the industry sustains
Following the October half-term holidays, statistics from Cirium show how flights have recovered compared to pre-pandemic levels. During October half-term, 17,598 flights were scheduled to depart UK airports – equating to over three million seats. Departures from UK airports during October half-term remain 18% down compared to the same period in 2019 when there were 21,394 departing flights. Departures are up 55% compared…
Positive Outlook For The Cruise Industry
As the largest cruise line in the world recovers from the devastating effects of the pandemic, its CEO is optimistic about the company’s future. Royal Caribbean International President and CEO Michael Bayley said at the 28th annual Florida-Caribbean Cruise Association (FCCA) convention that demand was very strong and ships were sailing at high load factors in…
