Top Issues Governments Should Prioritize to Support EU Tourism biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.
Buoyed by continued industry resilience, European hoteliers and holiday rental operators have expressed the highest level of economic optimism since 2022 in the latest edition of the European Accommodation Barometer.
Article - New Research Shows Economic Optimism Among European Accommodation Operators at an All Time High - The research, published by Booking.com in partnership with Statista, has revealed that almost two-thirds (63%) of respondents believe that the economic situation of their business will develop positively or very positively in the coming six months - up 4 percentage points and marking the fourth consecutive rise since the first Barometer report in 2022.
Size Matters: Chain Hotels in Europe Have an Economic Advantage biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.
Travel is a force for good in the world, and it is also a powerful economic engine. Before the pandemic, WTTC calculated that the tourism sector was responsible for 1 in 5 new jobs and accounted for roughly 10% of global GDP and an equal share of employment. International tourism as an export service amounted to staggering $1.9 trillion in 2019. This is why I’m really encouraged by the UNWTO’s latest announcement stating that international arrivals have reached 84% of pre-pandemic levels and the sector recovery is continuing apace. In Europe, where Booking.com is headquartered, we’ve reached 91% of pre-pandemic levels.