The World Travel & Tourism Council’s annual Economic Impact Report (EIR) recently revealed the dramatic impact COVID-19 had on the Caribbean’s travel and tourism sector, wiping out USD33,9 billion from the region’s economy.
A total of 71 deals (comprising mergers and acquisitions, private equity, and venture financing) were announced in the global travel and tourism sector during April, which is a decline of 34,3 percent over 108 deals announced in March, according to GlobalData, a leading data and analytics company.
African governments must work together to define a standardised travel protocol if tourism is to recover swiftly and deliver the economic benefits that are so critical for the continent.
On the basis of the results of the Cyprus Passenger Survey carried out by the Statistical Service, revenue from tourism in January of this year reached EUR2,8 million.
Compared to EUR40,2 million in the corresponding month of the 2020, it recorded a decrease of 93 percent, as well as a decrease of 92,9 percent compared to January 2019 (EUR39,6 million).
Amidst optimism and rays of hope in reviving the tourism sector, the Uganda Tourism Board (UTB) recently officially launched the Sixth Pearl of Africa Tourism Expo (POATE 2021) the first-ever virtual tourism expo.
The European Tourism Manifesto alliance, a group of more than 60 public and private travel and tourism organisations and the voice of the sector in Europe, strongly welcomes the European Commission’s proposal to introduce a common, interoperable and mutually-recognised Digital Green Certificate.
The impact of COVID-19 may allow VR to permanently shake off its image of being a gimmick in the tourism sector. Hype behind the technology in recent years has often been greater than actual usage, especially for leisure purposes. However the longer this pandemic impacts travel for, the higher the chance that consumers and organizations adopt this technology on a more permanent basis, according to GlobalData, a leading data and analytics company.
The Cyprus arrivals of tourists reached 5,047 in February of this year, recording a decrease of 95,2 percent compared to February 2020 (during which 105,592 arrivals were recorded), and a decrease of 95,2 percent compared to February 2019 (with 105,571 arrivals).
Wanting to give relief and joy to those who need it, especially during the Christmas and New Year holidays, the staff of the Cyprus Deputy Ministry of Tourism recently raised money, with the aim of turning it into food stamps.
Cyprus arrivals of tourists reached 100,791 in October of this year compared to 436,509 in October 2019, recording a decrease of 76,9 percent.