CHINESE TOURISM: NOT LIKELY TO RECOVER THIS YEAR
In 2021, global tourism had 448 million tourists and $637 billion in spending, a third of the pre-Covid level. In perspective, the volume of global tourism is now equivalent to that of the 1990s in te ...
RUSSIAN TOURISTS CONQUER DESTINATIONS AROUND THE WORLD
Russian tourists have been fond visitors of the most luxurious and famous resorts all over the world for many years now. They are generally known for spending generous amounts of money and thus inject ...
FOREIGN TOURISM IN SPAIN RECOVERS 85% OF PRE-PANDEMIC LEVEL
Tourism in Spain consolidated its recovery last year, with activity similar to that recorded before the pandemic plunged it into its worst crisis, but still below the level of 2019, a record year for ...
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 ...
ITALY IS THE LEAST ATTRACTIVE EU COUNTRY FOR TAX-FREE SHOPPING
Non-EU tourists can benefit from tax-free shopping by recovering the VAT on the products purchased, but the Italian legislation provides for a minimum spending limit (Minimum Purchase Amount) to take ...
