THE REAL ESTATE CRISIS IN CHINA IMPACTS TOURISM
Chinese tourists were the top travelers in the world in 2019. They spent over $250 billion collectively abroad, almost twice as much as their closest rivals, the Americans. Additionally, they recorded ...
INTERNATIONAL TOURISM IN 2023 AT 88% OF PRE-PANDEMIC LEVEL
According to the first World Tourism Organization (UNWTO) World Tourism Barometer of the year, international tourism is predicted to be back to pre-pandemic levels by 2024. In 2023, international tour ...
FOREIGN TOURISM SPENDING IN COLOMBIA GREW BY 52.5% IN 2022
In 2022, the Colombian economy had a significant capital injection thanks to tourism. The decrease in taxes on the hotel sector and associated services from 19% to 0% and on air tickets to 5%, in addi ...
TRAVEL RECOVERY ACCELERATES IN THE ASIA-PACIFIC REGION
According to the latest air ticketing data from ForwardKeys, Asia Pacific destinations have shown a travel recovery of over 50% of their pre-pandemic international arrival volumes in the first three q ...
VIETNAM REOPENING THE BORDERS IN MARCH 2022
The reopening of borders and the easing of health restrictions would also affect travel markets in Asia. In Vietnam, a meeting with various ministers agreed to report back to the government to advocat ...
