BUSINESS TRAVEL SPENDING IN EUROPE CONTINUES TO FALL BELOW PRE-COVID LEVELS

Kevin Eagan -
European business travel spending is projected to reach $391.1 billion (€360.4 billion) in 2024, marking a 10.4 percent increase from 2023. Additionally, Europe is expected to comprise 26.4 percent of ...

URUGUAY APPROVES VAT EXEMPTION FOR TOURIST SERVICES

Kevin Eagan -
To boost tourism and support the local economy, Uruguay has announced a measure to exempt non-resident tourists from the Value Added Tax (VAT) during their stay in the country. This exemption will be ...

INSOLVENCIES IN THE FRENCH HOSPITALITY SECTOR ARE ACCELERATING

Joe McClain -
According to data provided by Altares, the number of defaults in the French hospitality sector rose by nearly 20% in the first nine months of this year compared to last year. There were 208 insolvenci ...

CORPORATE TRAVEL IN BRAZIL EARNED OVER $ 2 BILLION IN AUGUST

Tomas Haupt -
In August 2024, companies' estimated expenses for corporate travel reached R$ 12.1 billion (about US$ 2.13 billion), an 8.2% increase compared to the same period in 2023. This figure is the highest re ...

THAILAND AIMS TO WELCOME 8 MILLION EUROPEAN TOURISTS

Theodore Slate -
In 2025, Thailand aims to attract more European tourists than ever before, according to an announcement by the tourism minister. The Thai Ministry of Tourism revealed last week at the World Travel Mar ...