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The Latest Breaking News from WTTC

Travel body accuses government of ‘sabotaging’ UK tourism industry

WTTC says 5.3% decline in tourist spend suggests policies such as increased air passenger duty have had impact

The Guardian - UK

Government accused of ‘sabotaging’ UK tourism industry after £2.2 billion shortfall

A report by the World Travel and Tourism Council found people visiting the UK spent £40.3 billion in 2024, down 5.3 per cent from 2019

The Independent UK

Government accused of ‘sabotaging’ tourism with ‘barriers to travel’

A report by the World Travel and Tourism Council found people visiting the UK spent £40.3 billion in 2024.

Evening Standard

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Europe must adapt to stay competitive in growing tourism market, sector leader warns

Travel and tourism are expected to continue growing in Europe, according to the World Travel & Tourism Council, which is calling for simplification of the bloc’s legislation to boost competitiveness.

Euronews

UK warned high taxes are putting tourists off from visiting

It comes amid a warning that VisitBritain is ‘seriously underfunded’

The Independent UK

High taxes are putting tourists off from UK, ministers told

The World Travel and Tourism Council said the Government has ‘a unique opportunity to change the trajectory of travel and tourism’.

Evening Standard

UK business travel set to reach record £68billion in 2024

The World Travel & Tourism Council projects UK business travel spending to surpass pre-pandemic levels, reaching a record £68billion next year

Evening Standard

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Is Airbnb a Good Buy as Travel Demand Surges?

Airbnb (ABNB) reported solid first-quarter 2024 results that beat analysts’ estimates on the top and bottom lines but provided lackluster guidance for the second quarter. With the travel demand on the rise, is it wise to buy ABNB despite its weak guidance and high valuation? Read on to find out….

StockNews.com

3 Travel Stocks Expected to Deliver Strong Q2 Earnings

The travel industry’s long-term growth is fueled by supportive government initiatives, rising disposable income, and technological advances. Given the industry’s rosy outlook, quality travel stocks Expedia Group (EXPE), Norwegian Cruise Line (NCLH), and Travel + Leisure (TNL) with an upbeat Q2 earnings outlook appears promising. Keep reading.

StockNews.com

Should You Add MakeMyTrip to Your Watchlist?

MakeMyTrip (MMYT) ended the fiscal year 2024 with the highest-ever gross bookings and profit and is well-positioned to serve millions of customers with its comprehensive portfolio of travel and ancillary products. However, given its stretched valuation and increased volatility, should you consider adding MMYT to your watchlist? Read on to…

StockNews.com

Top 3 Bullish Travel Stocks for Lucrative Gains

The future of the travel industry looks promising due to the growth in travel demand, rising disposal incomes, and the recovery in business travel. Hence, investors could consider buying fundamentally strong travel stocks: Atour Lifestyle Holdings (ATAT), Playa Hotels & Resorts (PLYA), and Travel + Leisure (TNL). Read on.

StockNews.com

France retains pole position as the world's top tourist destination

France is set to retain its status as the world's most preferred international destination in 2024, according to the latest data from the World Travel & Tourism Council.

Radio France Internationale

Which Travel Stock Will Shine This Week: Airbnb (ABNB) or Bluegreen Vacations (BVH)?

Despite an uncertain macroeconomic environment, the travel industry is anticipated to witness robust demand this year. Amid this, let’s analyze the fundamentals of travel stocks Bluegreen Vacations Holding (BVH) and Airbnb (ABNB) to determine whether these stocks are worth buying.

StockNews.com

3 Travel Stocks With Surprising Growth and Momentum

The travel sector is poised for continued growth this year and beyond, driven by sustained demand for leisure travel, favorable government initiatives, and rapid integration of emerging technologies. Hence, robust travel stocks Royal Caribbean (RCL), Carnival Corporation (CCL), and Norwegian Cruise (NCLH) could be ideal watchlist additions for their solid…

StockNews.com

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The Guardian - UK

Why Britain has become the top destination for US ‘bleisure’ invasion

American visitors to the UK have risen sharply in number – and it may be because they are choosing to mix business with leisure

Asharq Al-Awsat

Lisbon, Riyadh to Promote Integrated Tourism Sector Partnership

Rita Marques, secretary of state for Tourism of Portugal, revealed that her country is eyeing the conclusion of an agreement with Saudi Arabia in the field of international air transport soon. Marques pointed out that her participation at the World Travel & Tourism Council (WTTC) Global Summit, which was recently…

Asharq Al-Awsat

WTTC Summit Launches From Riyadh Global Tourism Index for Innovation, Future Sustainability

The 22nd Global Summit of the World Travel and Tourism Council (WTTC) concluded its work in Riyadh on Wednesday, with an initiative to launch a global tourism index for innovation and future sustainability. Meanwhile, Saudi Tourism Minister Ahmed Al-Khatib pointed to the importance of Saudi Arabia on the map of…

Asharq Al-Awsat

WTTC’s Global Summit to Invest $10 Billion in Saudi Tourism

The 22nd edition of the World Travel and Tourism Council’s Global Summit, currently held in Riyadh, emphasized the need to draw a road map for a sustainable and innovative future with the participation of the public and private sectors. The council also revealed its intention to invest more than $10…

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Wales Online

Travel and tourism jobs crisis with 130,000 vacancies unfilled in pandemic aftermath

Restaurants and hotels are struggling but UK government, unlike countries such as Portugal, is refusing to allow temporary workers from overseas

Reason

Why Do Travelers to the U.S. Have To Wait an Average of 247 Days for Their Visa Interviews?

The State Department's network of consulates are keeping tourists and business travelers in limbo.

Bangkok Post

Global tourism to recover from Covid-19 pandemic by 2023

The global travel and tourism sectors are projected to return to pre-pandemic levels in 2023 and grow at a rate that will outpace global gross domestic product (GDP) growth, the World Travel and Tourism Council (WTTC) said on Thursday.

Benzinga

Tourism Industry Growth Rate To Surpass Global GDP Growth: Reuters

According to World Travel and Tourism Council (WTTC), the global travel and tourism sectors are projected to return to pre-pandemic levels in 2023, and the growth rate will outpace global gross domestic product (GDP) growth.

Bangkok Post

Global tourism to recover by 2023, post 10-year growth spurt

MANILA: The global travel and tourism sectors are projected to return to pre-pandemic levels in 2023 and grow at a rate that will outpace global gross domestic product (GDP) growth, the World Travel and Tourism Council (WTTC) said on Thursday.

The Independent UK

April showers: dismal outlook for inbound tourism to the UK

The Man Who Pays His Way: Just how bad will the slump in international visitors turn out to be?

People

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