International visitors to Egypt dropped by 69% in the first eight months of 2020 alone while revenues plunged by 67% in the same period.
It has a year-end target of 6.5 million visitors and USD 11 billion in tourism expenditure.
Travel and tourism will begin to bounce back by second half of 2021, and one of the world’s largest hotel groups warns about capacity constraints across the industry.
Global airline capacity for the week has settled at 61.1 million, a small 2% decline week on week and is the second successive week of capacity cuts.
Marriott was able to bring something to Alibaba that it was looking to expand on, and it has a built-in member base.
Luxury travel businesses must prepare adequately for what will undoubtedly be a busy and highly unusual summer season.
In Asia-Pacific, RevPAR fell by 54.8%, with mixed performances by region.
New York City is launching a $30 million tourism advertising campaign.
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