Thailand opening its doors for foreign tourists
BANGKOK — Thailand’s tourist industry took a modest step toward reviving its coronavirus-battered fortunes by welcoming 39 visitors who flew in from Shanghai, the first such arrivals since regular travelers were banned from entry almost seven months ago. The visitors who … Continue reading Thailand opening its doors for foreign tourists
Reimagining the $9 trillion tourism economy
New York – Tourism made up 10 percent of global GDP in 2019 and was worth almost $9 trillion,1 making the sector nearly three times larger than agriculture. However, the tourism value chain of suppliers and intermediaries has always been fragmented, with … Continue reading Reimagining the $9 trillion tourism economy
International Tourism industry ready to reopen
New York – Six months ago, the global tourism industry was celebrating a record year for travel. Now, it’s decimated and facing a recovery that could take years. Tourism Economics, a data and consulting firm, predicts global travel demand won’t … Continue reading International Tourism industry ready to reopen
Asia-Pacific: Hotel Profits Down More Than 100 percent
Secaucus, NJ – Hotel profits in the United States fell 101.7 percent in March, according to lodging-data provider STR, and the numbers aren’t yet getting any better in the Asia-Pacific, according to hotel benchmarking service HotStats. In fact, the impact of COVID-19 … Continue reading Asia-Pacific: Hotel Profits Down More Than 100 percent
Thai airlines to resume operations in May/June
Bangkok – Thailand’s low-cost airlines are planning to resume flights with strict flight criteria in May and June to reduce the possibility of infections with Covid-19. Bangkok Airways, Nok Air, Thai AirAsia and Thai Lion are all due to resume their domestic flights. ‘Nok Air’ Only Thai … Continue reading Thai airlines to resume operations in May/June
ASIA: Travel restrictions, border shutdowns
Singapore – Countries around the world have taken drastic measures, including border closures, in an attempt to curb COVID-19. We have listed a number of Asian countries, indicating the current tourist policies implimented by the individual countries: Brunei Non-resident foreigners … Continue reading ASIA: Travel restrictions, border shutdowns
INTERNATIONAL TOURIST ARRIVALS COULD FALL BY 20-30%
Madrid – The World Tourism Organization (UNWTO) has released its updated assessment of the likely impact of the COVID-19 on international tourism. Taking into account the unparalleled introduction of travel restrictions across the world, the United Nations specialized agency for … Continue reading INTERNATIONAL TOURIST ARRIVALS COULD FALL BY 20-30%
Indonesia promotes halal tourism boom
Jakarta – Despite having the world’s largest Muslim population, Indonesia has yet to effectively tap the halal tourism boom, something the trade hopes to change as the government steps up pursuit of the growing Muslim travel market. Halal travel is projected to contribute … Continue reading Indonesia promotes halal tourism boom
China-U.S. Trade War effects Tourist industry
Beijing – The Sino-US trade war and a weaker yuan have put a damper on outbound travel from China, as Chinese travelers turn towards domestic travel or more value-for-money destinations in South-east Asia. Guangdong Qiyouji International Travel Service’s marketing and … Continue reading China-U.S. Trade War effects Tourist industry
Thomas Cook Germany in rescue talks with investors
Berlin – Thomas Cook’s German tour business filed for insolvency on Wednesday in a move aimed at separating its brands and operations from its failed parent, and said it was in talks with potential new investors. The German government said … Continue reading Thomas Cook Germany in rescue talks with investors