In 2019, the travel and tourism sector generated nearly $9.2 trillion to the global economy, but in 2020 the pandemic brought travel and tourism to an almost complete standstill, which resulted in a 49.1 percent drop, representing a punishing loss of nearly $4.5 trillion. While the global economy is set to receive a modest 30.7 percent year-over-year increase from travel and tourism in 2021, this will only represent $1.4 trillion and is mainly driven by domestic spending.
The economic modelling was conducted by Oxford Economics on behalf of WTTC and calculated a baseline scenario based on the current global vaccination rollout, consumer confidence and relaxed travel restrictions in some in regions around the world. The research reveals that at the current rate of recovery, travel and tourism’s contribution to the global economy could see a similar moderate year-over-year rise of 31.7 percent in 2022.
Last year, WTTC revealed the loss of a staggering 62 million travel and tourism jobs around the world and with the current pace of recovery, jobs are set to rise by only 0.7 percent this year. Similarly, research shows a more hopeful potential year-on-year jobs rise across the sector next year, up 18 percent.
Hey All! Lots of fun stuff happening starting Nov 1 on this page. I need to see lots of posts and lots of activity on this page so we have a lot of momentum for 2027!
First things first - Most new posts - $50 gift card of your choice!
Random giveaway - $10 coffee cards at random times on random days!
Refer a new subscriber? $500 on board credit on your next cruise (must book a new cruise and after they book a cruise as well. (Must subscribe for 3 years Other restrictions apply) (all rules will be posted by Nov 5.)
Write a new article - $100 on board credit on your next cruise (min 250 words with picture)
Book on the 2028 Hosted cruise and bring a friend (new cabin new guest of acescruising)? (announcement coming) $1000 on board credit (restrictions apply)
More to come!!!
We just returned from Europe on a transatlantic aboard Virgin's Scarlet Lady. This was our first experience with Virgin, and it was very positive. We had won an upgrade bid to a "rockstar" suite, and we felt it made a huge difference in our overall enjoyment, mainly with our stateroom comfort and amenities. All dining and lounge areas are available to all passengers regardless of cabin type, with only one forward, outdoor area reserved for rockstar suites. So everyone gets access to the whole ship unlike Celebrity's Retreat and Luminae restaurant, or NCL's Haven.
Food onboard was excellent and we loved having brunch options available all morning at two different restaurants. The two big productions shows were so good we attended one of them twice! Dancing, vocals, acrobatics, digital stage sets, all beautiful and immersive. We were impressed! Guest artists were high quality and a great variety of musical genres.
There are no children on Virgin cruises, but I found the age mix trended a...
I WROTE THIS BEFORE I LEFT