Industry
Global economy could lose over $4 trillion due to COVID-19 impact on tourism

Economic losses are mounting in developing countries due to the absence of widespread COVID-19 vaccinations. The crash in international tourism due to the coronavirus pandemic could cause a loss of more than $4 trillion to the global GDP for the years 2020 and 2021, according to an UNCTAD report published on 30 June.

30 June 2021

The pandemic left hardly any business or industry untouched, but real estate was front and center for many of the biggest shifts. The offices where we work, warehouses facilitating the boom in online-shopping, hotels and malls that went quiet during travel restrictions and lockdowns: these sectors became a cornerstone of idle chats well beyond commercial real estate circles.

22 January 2021

The fairs and exhibitions in Istanbul that attract people from all over the world resumed under strict hygiene rules and precautions due to pandemic. CNR Beauty & Wellness Show became the first international fair to be opened in Istanbul after a six-months break.

14 September 2020

The Global Biorisk Advisory Council (GBAC), a division of ISSA, the worldwide cleaning industry association, is partnering with the International Congress and Convention Association (ICCA), the global community and knowledge hub for the international association meetings industry, to bring essential business reopening resources to ICCA members. 

20 August 2020
UNWTO: 40% of destinations have now eased travel restrictions, while the pandemic had led to $320 billion in lost revenues

According to the latest analysis from the World Tourism Organization, 40% of all destinations worldwide have now eased the restrictions they placed on international tourism in response to COVID-19. The data shows that by already by the end of May, the pandemic had led to US$320 billion in lost revenues, already three times the cost of the 2009 Global Economic Crisis.

30 July 2020

As the hospitality industry begins to plan for recovery from COVID-19, marketing professionals across the globe find themselves in uncharted territory. In many cases, they are juggling the complex task of balancing limited resources, fluctuating economic conditions, and new traveller expectations with the right amount of communication and empathy. Here are three trends in the hotel business.

1 July 2020

The World Tourism Organization with the contribution of its members and partners developed global guidelines to restart tourism and formulate a sector-wide response to the unprecedented challenge of the COVID-19 pandemic. Action plan includes the most effective manners to make travel safe and seamless to all – workers, companies, destinations and travellers.

5 June 2020

In the face of an unprecedented challenge, the World Tourism Organization (UNWTO), with the support of the World Health Organization (WHO), calls on innovators and entrepreneurs to put forward new solutions to help the tourism sector recover from COVID-19.

25 March 2020