GROWTH IN THE TRAVEL INSURANCE MARKET IS DRIVEN BY TOURISM RECOVERY
With a compound annual growth rate (CAGR) of 17.3%, the global market for travel insurance increased from $19.14 billion in 2022 to $22.44 billion in 2023. ...
BITTER CONCLUSION: CORONA PANDEMIC BRINGS TRAVEL INDUSTRY TO 1990 LEVELS
The Corona pandemic hit the travel industry especially hard in 2020. The border closures and travel warnings made vacations almost impossible. ...
TOURISM IN LATIN AMERICA AND THE CARIBBEAN IS THE LEAST AFFECTED BY THE PANDEMIC
According to the WTTC Global Economic Impact Trends report, the COVID-19 pandemic in Latin America and the Caribbean resulted in a 42.4% decline in travel and tourism GDP in 2020. ...
CANADA'S TOURISM EXPECTS A SIGNIFICANT REBOUND THIS YEAR
Research shows that the amount spent by foreign tourists in Canada increased by 64% to $23 billion last year. This year's spending is estimated to approach $43 billion spent in 2019. ...
MAJOR SUSTAINABLE MEASURES FOR THE TRAVEL INDUSTRY
The teams at the World for Travel and the Resilience Council assessed the current state of the travel industry in terms of sustainable measures and goals. This data was used to develop the most urgent ...
