British Airways Executive Club Members can now collect Avios when spending at London Heathrow’s World Duty Free shops.
21.11.2023 - 13:17 / breakingtravelnews.com
According to the World Economic Outlook (WEO) Report, the global economy will grow an estimated 3.0% in 2023 and 2.9% in 2024. While this is higher than previous forecasts, it is nevertheless below the 3.5% rate of growth recorded in 2022, pointing to the continued impacts of the pandemic and Russia’s invasion of Ukraine, and from the cost-of-living crisis.
Tourism key sector for growth
The WEO report analyses economic growth in every global region, connecting performance with key sectors, including tourism. Notably, those economies with “large travel and tourism sectors” show strong economic resilience and robust levels of economic activity. More specifically, countries where tourism represents a high percentage of GDP have recorded faster recovery from the impacts of the pandemic in comparison to economies where tourism is not a significant sector.
As the report Foreword notes: “Strong demand for services has supported service-oriented economies—including important tourism destinations such as France and Spain”.
Looking Ahead
The latest outlook from the IMF comes on the back of UNWTO’s most recent analysis of the prospects for tourism, at the global and regional levels. Pending the release of the November 2023 World Tourism Barometer, international tourism is on track to reach 80% to 95% of pre-pandemic levels in 2023. Prospects for September-December 2023 point to continued recovery, driven by the still pent-up demand and increased air connectivity particularly in Asia and the Pacific where recovery is still subdued.
British Airways Executive Club Members can now collect Avios when spending at London Heathrow’s World Duty Free shops.
The meetings industry in Poland is witnessing rapid growth, with an anticipated value surpassing $4.5 billion in 2023, contributing up to 3-4% of the country’s GDP. Positioned strategically in the heart of Europe, Poland offers a range of advantages that extend beyond its renowned history, culture, and natural beauty.
In Britain, the Sunday roast is sacrosanct. Gathering together around a beautifully cooked joint of meat, with lashings of gravy, vegetables and billowing Yorkshire puddings, is, for many, the weekend’s social highlight. And where better to do to this than the pub? Not only do you avoid the washing-up but, centuries after the French dubbed Brits les rosbifs, you get to enjoy the roast at its most modern. In recent decades, Britain’s best pub chefs have, by focusing on seasonal ingredients, rare-breed meats and painstaking preparations of roast potatoes or root vegetables, brought a fresh glamour to this Sunday afternoon ritual.
Looking for destinations that promote cultural diversity and sustainable travel? The United Nations World Tourism Organization (UNWTO) recently released its annual list of the Best Tourism Villages, a compilation of authentic, lesser-known places to travel. Consider it your new travel bucket list.
What are the world’s most expensive cities to live? Singapore and Zurich, Switzerland have tied to secure the top spot, according to the Economist Intelligence Unit’s Worldwide Cost of Living survey.
In a high-profile showdown, Rome, Busan and Riyadh are the top contenders to become the host city of the 2030 World Expo, with the organizing body choosing the winner on Tuesday.
Until recently, most travelers to the French island of Martinique in the West Indies zeroed in on its capital, Fort-de-France, the volcanic rock of Le Diamant on the east coast and the soft, sandy beaches of the south. But the recent announcement by UNESCO that the Mount Pelée volcano, its rain forests and the dense area that surrounds the lava pitons in the north have been added to the World Heritage List may shine new light on the northern region.
The results follow a year-long search for the world’s leading culinary brands. Votes were cast by culinary industry professionals and the general public, with the nominee gaining the most votes in a category named as the winner.
Valencia, hosting this exceptional event for the third consecutive year, reaffirmed its position as a leading force in innovative tourism.
Connections to the most coveted Mediterranean destinations from Rome Fiumicino and Milan Linate.
The Christmas season is all about celebrating the joys of life, and what’s more joyful than dessert?
This is an as-told-to essay based on a conversation with Chloe Jade, an influencer who has been documenting her travels around the world on Instagram . It has been edited for length and clarity.