Tourism Breaking News
As per GlobalData, COVID-19 has accelerated the need for companies in 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 8% between 2022 and 2025 to reach $765.3 billion. If companies do not engage in a strong digital strategy, their competitors will gain a larger portion of the market, warns the analytics firm
Breaking News
- Traveler Demand Increased by 13.8% in March
- It is critical to resolve supply chain issues and for airports to operate at max efficiency to meet demand: IATA
- New German Passenger Tax increase to weaken German economy and hamper decarbonization: IATA
- Hospitality industry is responsible for 1-2% of global carbon emissions: HRAWI president
- TCS has not impacted business, but it has complicated it: Harmandeep Singh Anand
- Sector closed 2023 with 63-65% occupancy rate, up 3-5 percentage points from previous year: HVS ANAROCK
- Taiwan to watch out for, forays into India
- Luxury Resort from Munnar found place in World’s Top 25 Hotels list
- Employment to surge in travel and tourism sectors with 58 million new jobs expected by 2033: NLB Services
- Mumbai agents struggle with tourist guide rates for their cruise passengers
- New ‘Cascade’ regime should have been done immediately post Covid but better late than never: Mahendra Vakharia
