Along with its cultural, leisure and recreational functions tourism contributes significantly (both directly and indirectly) to the world's economy and employment. It contributes to GDP even more than the automotive industry in all the regions throughout the globe: three times as much in Americas and two times as much in Europe, according to the World Travel & Tourism Council's 2017 research. In many countries tourism is the key source of jobs for their population. Thus, in Macau, one of the two Special Administrative Regions of the People's Republic of China, a half of population is employed in the travel and tourism sphere.
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The Tourism Data Brief provides an interactive snapshot used widely by industry professionals around the world to analyze international tourism flows, expenditures, economic impact, and more.
In 2016, Germany, Thailand, and Hong Kong were the top destinations for international travelers while China and the United States accounted for roughly one-third of total tourism expenditures worldwide, according to the World Tourism Organization. But, as people typically visit specific cities within a country, and not the entire country, it is far more interesting to examine city-level tourism statistics. The Global Destination Cities Index, which includes city-level data on the number of overnight international visitors and their spending, reveals that Bangkok attracted the most...
(10 December 2020) In September, Iceland, Norway, and Denmark had the highest average room prices on Airbnb among European countries, according to Yuvoh analytics. These three countries also had relatively low numbers of active COVID-19 cases per million population as of September and saw significant improvements in domestic tourist arrivals compared to the previous year. Germany, Italy, and Spain outperformed the pricier Airbnb locations in terms of the total number of domestic tourists, probably aided by their strong country 'brand' rating, published by Bloom Consulting,...
(2 July 2021) Though travel and tourism stocks recovered to a pre-crisis level by the end of 2020, financial statement data shows that the COVID-19 pandemic continues to have a strong negative impact on the revenues of companies in the tourism industry. In Q1 2021, sales of Booking Holdings Inc., Expedia Inc. and TripAdvisor Inc. were down 60-65% compared to the same quarter a year ago. This and other data on the pandemic points to a subdued and protracted recovery for the tourism sector. The shape of that recovery will depend largely on what happens with COVID-19. In this...
(24 June 2020) While the worst economic expectations for 2020 did not materialize, the travel and tourism industry is not an object of envy with respect to the COVID-19 pandemic. A global lockdown in 2020 in the first wave of pandemic and long-term border closures following the upsurge in new COVID-19 outbreaks resulted in a 65% decline in world exports of travel services in 2020 compared to the previous year. Cross-country comparison based on the IMF's balance of payments data shows that the trends in exports of travel services, such as booking services, hotel accommodation, and...
"हमारी वेबसाइट आपके ऑनलाइन अनुभव को बेहतर बनाने के लिए कुकीज़ का उपयोग करती है। जब आपने यह वेबसाइट लॉन्च की, तो उन्हें आपके कंप्यूटर पर रखा गया था। आप अपने इंटरनेट ब्राउज़र सेटिंग्स के माध्यम से अपनी व्यक्तिगत कुकी सेटिंग्स बदल सकते हैं।"
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