In the luxury travel market there has been an influx of consumer travel trends as a result of the COVID-19 pandemic. This includes a boom in private aviation services at the high end of the market, remote working from overseas locations and demand for private buyouts of large villas or boutique hotels, finds GlobalData.
Despite the uncertainty caused by the Russian invasion of Ukraine, and the ongoing threat of COVID-19, the desire across Europe for intra-European travel is undoubtedly strong.
Three in four Europeans intend to take a trip in the next six months, with Mediterranean destinations having the highest appeal. This is according to the latest research on ‘Monitoring Sentiment for Domestic and Intra-European Travel – Wave 11’ by the European Travel Commission (ETC), which provides insights on Europeans' short-term travel intentions and preferences during the COVID-19 pandemic1.
The research conducted by Bounce, analysed Google searches for flights, hotels and vacations over the past 12 months reveals each country’s favourite city break destination.
It’s time to reconnect. The eight Travel Trade Athens is bringing the tourism market back to Athens, inviting buyers and suppliers to Athens to meet in-person during the annual event taking place from May 09-10.
COVID-19 has accelerated the need for companies within the travel and tourism industry to rapidly invest in digital strategies including the global online travel market which is expected to grow at a compound annual growth rate (CAGR) of eight percent to reach USD765,3 billion between 2022 and 2025, according to GlobalData.
Expedia recently released its annual Vacation Deprivation study, finding that Americans took six fewer vacation days (less than 12 days) than the global average in 2021, leaving the majority feeling vacation deprived (59 percent) and more burned out than ever (72 percent).
Major new research from the World Travel & Tourism Council (WTTC) has revealed that as the global travel and tourism sector begins to recover from the ravages of the COVID-19 pandemic, its contribution to the global economy could reach USD8,6 trillion this year.
The Omicron outbreak and the fragmented travel restrictions in response to the new variant have negatively impacted Europeans' travel confidence at the beginning of 2021. However, travel sentiment across Europe shows more resilience, with signs of optimism for the early summer months.
A total of 1,080 deals were announced in the global travel and tourism sector during 2021, which is an improvement of 1,3 percent over the 1,066 deals announced during 2020, according to GlobalData, a leading data and analytics company.
Following comprehensive analysis and research, the World Travel & Tourism Council (WTTC) has launched a new groundbreaking report which provides clear recommendations to governments and identifies four key digital solutions to restore international mobility.