travel market Archives - WE TRAVELLER

Bright outlook for 2024 travel from China

Passengers of China Southern Airlines’ first flight from Beijing Daxing International Airport to London’s Heathrow Airport arrive in London in June since a resumption of international air travel. [PHOTO/XINHUA]

The recovery of international travel in 2023 was slower than expected after China reopened its borders. However, experts are optimistic that in 2024, a full recovery will occur, reestablishing China as the world’s largest travel market.

The latest data from the United Nations World Tourism Organization, or UNWTO, indicates that the Chinese outbound tourism market recovered about 55 percent in the third quarter of 2023. As reported by global travel data provider OAG, in November 2023 domestic capacity surpassed 2019 levels by 11 percent, but international seats were 57 percent of numbers from November 2019.

Oliver Sedlinger, an international tourism consultant at Sedlinger and Associates in Beijing, is optimistic about the Chinese market. He highlighted 2023’s strong comeback and predicted a positive outlook for 2024, emphasizing the need for the European travel industry to reengage with the Chinese market.

He stressed the importance of reestablishing connections, staying informed about market trends, and not overlooking the vast potential of the Chinese market.

“For long-term strategic benefits, I think it makes a lot of sense to observe this market and to learn about its travel preferences,” Sedlinger added.

Wolfgang Arlt, director of the China Outbound Tourism Research Institute, predicted fierce competition among China, the United States and Germany for the title of the largest global outbound tourism source market in 2023, with all three countries reaching similar levels.

However, Arlt stated that “in 2024, China for sure will be back as world No 1, with China’s arrival numbers in most destinations to reach, at the very least, almost the same level as the pre-pandemic year of 2019”.

Dragon Trail, a China-focused digital

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Experts forecast sunny outlook for 2024 Chinese travel market

This file photo shows a Routemaster bus making its way past shops with Christmas decorations on Bond Street in London, Britain, on Dec 16, 2023.[Photo/Agencies]

Trip numbers expected to continue post-pandemic recovery

The COVID-19 pandemic severely impacted outbound travel from China, causing a halt for nearly three years. The recovery of international travel in 2023 was slower than expected after China reopened its borders. However, experts are optimistic that in 2024, a full recovery will occur, re-establishing China as the world’s largest travel market.

The latest data from the United Nations World Tourism Organization, or UNWTO, indicates that the Chinese outbound tourism market recovered about 55 percent in the third quarter of 2023. As reported by global travel data provider OAG, in Nov 2023 domestic capacity surpassed 2019 levels by 11 percent, but international seats were 57 percent of numbers from Nov 2019.

He stressed the importance of re-establishing connections, staying informed about market trends, and not overlooking the vast potential of the Chinese market.

“For long-term strategic benefits, I think it makes a lot of sense to observe this market and to learn about its travel preferences,” Sedlinger added.

However, Arlt confidently stated that “In 2024, China for sure will be back as world No 1, with China’s arrival numbers in most destinations to

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Peru present at International World Travel Market 2023 in London | News | ANDINA

reported that the country successfully participated once again in the International Tourism Fair, World Travel Market 2023.

The World Travel Market is the world’s leading travel industry event for networking with professionals and conducting business.

This leading event for the travel industry took place from November 6 to 8 in the city of London, United Kingdom.

The Peruvian delegation was present with a 300m2 booth strategically located in the Americas Pavilion and had the participation of 30 Peruvian companies as co-exhibitors.

The participating companies included Amazon Explorama, Andean Adventures, Aqua Expeditions, Aranwa Hotels, Braidy Wonders, D’elise Hotel, Domiruth, HHP Hotel (Hoteles Hacienda), Holiday Inn Lima Miraflores, IberoStar Selection Miraflores, Inca Rail, Inca Route, Kichwa, Latin American Trips, and Libertador Hoteles.

In addition, the list contained Lima Tours, Mava Travel, Nassf Travel, Peru a Travel, Peru Jamuy Travel, Peru Quality Tours, Perurail, Peruvian Sacred, Peruvian Soul, Pure Peru, Setours, South American Tours, South American Travels (SATS), Sungate Tours, and Viracocha.

LATAM Airlines also had a space at PromPeru’s booth, where it promoted the start of its direct flights between Lima and London from December 1 of this year. There will be 5 frequencies per week, one for each day.

Thanks to this direct flight, British travelers will have the opportunity to discover Peru in a more accessible way than ever.

PromPeru, through the Tourism Directorate and the Commercial Office in London, aimed to promote Peruvian tourism at WTM with a focus on sustainability and culture.

It was also essential to gather data from professionals and information about new industry trends.

As part of the activities, a Media Event was organized on the evening of November 6, attended by the press, all Peru’s co-exhibitors, and VIP clients.

During the event days, there were presentations of Peruvian folk dances. Moreover, the

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Business Travel Market Registering At A CAGR Of 13.2%, Is Es…

(MENAFN- EIN Presswire)

Business-Travel-Market

the U.S. was the most prominent market in North America, and is projected to reach $23.5 billion by 2028, growing at a CAGR of 12.5% during the forecast period.

PORTLAND, OREGON, UNITED STATES, March 15, 2023 /einpresswire.com / — According to a new report published by Allied Market Research, titled,“business travel market by Service, Industry, and Traveler: Global Opportunity Analysis and Industry Forecast, 2021–2028,” the global business travel market size is expected to reach $2,001.1 billion by 2028 at a CAGR of 13.2% from 2021 to 2028.

Get Free Sample PDF Of This Report:

Business travel or business tourism refers to the activity of travelling or journey that is done for various business purposes such as meetings, negotiate deals, networking, trade shows, and exhibitions. Business travel is done mainly for building partnerships, joint ventures, meeting suppliers and customers, maintaining relation between companies, and promotion of product or service.

The growing popularity of leisure incorporating business with recreational or leisure activities to relieve stress and enhance work-efficiency is propelling the global business travel market. The development and growth of various online travel agencies (OTA) such as booking.com, KAYAK, and Expedia, are contributing toward the growth of the global business travel market. Moreover, the growth of the global business travel market is driven by the expansion of the travel & tourism industry, surge in government initiatives for the development of MICE (meetings, incentives, conferences, and events) segment & SME sector, and increase in globalization of business.

The trending factors responsible for fueling the business travel market include bleisure travel (business + leisure), IoT (internet of things), development of smart hotels, virtual reality for hotel bookings, and personalization. All these developments in hotels will lead to the growth of the food & lodging segment as well as the

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