Tag Archives: billion

UAE inbound tourism spend to top USD 25 billion by 2025

UAE inbound tourism spend to top USD 25 billion by 2025

The post UAE inbound tourism spend to top USD 25 billion by 2025 appeared first on TD (Travel Daily Media) Travel Daily. The UAE’s and Saudi Arabia’s inbound tourism spend are expected to top USD 25.3 billion USD 33.5 billion, respectively, by 2025, according to the findings of Travel Forecast Model from leading market research […]

Beijing’s tourism loses USD50 billion in 2020

Beijing’s tourism loses USD50 billion in 2020

The post Beijing’s tourism loses USD50 billion in 2020 appeared first on TD (Travel Daily Media) Travel Daily. The tourism industry was badly hit by the COVID-19 pandemic and the city of Beijing saw the momentum of the industry halted in 2020. Beijing had become an increasingly popular tourist destination prior to the pandemic with […]

Details of the Australian government’s AUD1.2 billion ‘Ticket to Recovery’

Details of the Australian government’s AUD1.2 billion ‘Ticket to Recovery’

The post Details of the Australian government’s AUD1.2 billion ‘Ticket to Recovery’ appeared first on TD (Travel Daily Media) Travel Daily. Australian travellers will have access to hundreds of thousands of half-price airfares to more than a dozen tourism-reliant regions, subsidised by the government as part of the package announced tonight. Other headline measures include […]

Etihad Airways reports staggering USD 1.7 billion loss

Etihad Airways reports staggering USD 1.7 billion loss

The post Etihad Airways reports staggering USD 1.7 billion loss appeared first on TD (Travel Daily Media) Travel Daily. Abu Dhabi’s national carrier Etihad has reported core operating losses of USD 1.7 billion in 2020, reflecting the severe toll of the coronavirus pandemic on the long-troubled airline that has lost billions in recent years. The […]

Delaying restart of international travel will cost UK economy USD 37 billion: WTTC

Delaying restart of international travel will cost UK economy USD 37 billion: WTTC

The post Delaying restart of international travel will cost UK economy USD 37 billion: WTTC appeared first on TD (Travel Daily Media) Travel Daily. The World Travel & Tourism Council (WTTC) has warned that nearly GBP 27 billion (USD 37.46 billion) will be lost from the UK economy if the government delays restarting international travel […]

Saudi Arabia announces USD 3 billion luxury mountain hub plan

Saudi Arabia announces USD 3 billion luxury mountain hub plan

The post Saudi Arabia announces USD 3 billion luxury mountain hub plan appeared first on TD (Travel Daily Media) Travel Daily. Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Deputy Prime Minister and chairman of the Public Investment Fund (PIF) in Saudi Arabia has announced the launch of Soudah Development Company (SDC) […]

Qantas reveals shocking AUD 1 billion six-month loss

Qantas reveals shocking AUD 1 billion six-month loss

The post Qantas reveals shocking AUD 1 billion six-month loss appeared first on TD (Travel Daily Media) Travel Daily. As the COVID-19 pandemic left a terrible horror mark in the aviation industry and proved to be a fatal blow, Qantas has now posted an underlying loss of AUD 1.1 billion (USD 858 million) in the […]

German, UK and French accommodation and restaurant sector to lose $95.7 billion in 2020

German, UK and French accommodation and restaurant sector to lose $95.7 billion in 2020

The post German, UK and French accommodation and restaurant sector to lose $95.7 billion in 2020 appeared first on TD (Travel Daily Media) Travel Daily. The year 2020 has been a rough one for the accommodation and restaurant industry. After the COVID-19 lockdown in the first months of 2020, many restaurants reopened in the second […]

Air travel down 60% in 2020, losses hit USD 370 billion

Air travel down 60% in 2020, losses hit USD 370 billion

A new report from the UN agency for civil aviation has confirmed that international passenger traffic suffered a dramatic 60% drop over 2020, bringing air travel totals back to 2003 levels. The International Civil Aviation Organisation (ICAO) reported that as seat capacity fell by 50% last year, passenger totals dropped by 60% with just 1.8 […]

Australia to lose 320,000 tourism jobs and USD 7 billion amid border shutdown

Australia to lose 320,000 tourism jobs and USD 7 billion amid border shutdown

Australia’s tourism industry is forecast to lose almost USD 7 billion and place 320,000 jobs at risk over the summer holiday period due to domestic and international border closures brought in by COVID-19. New analysis by the Tourism and Transport Forum (TTF) found that in the short period of December 24, 2020 to January 31, […]

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