In its autumn budget the UK government announced that it would be re-instating VAT reclaim shopping for inbound tourists (AKA duty free), marking a U-turn as this was abolished in 2021 when the market was worth GBP3 billion, annually. Here we discuss the potential for VAT re-claim once re-instated, the wider role of shopping as a driver of tourism to the UK and how other industries may benefit, such as luxury.
Euromonitor International’s Top 100 City Destinations Index 2022 uncovers the top city performers for economic and business activity, with thriving tourism infrastructure and performance that show great potential for investment and operation amid increased digitalisation, technological advancement and sustainability developments.
Caroline Bremner speaks with us ahead of her appearance at the World Travel Market, where she will be publishing her latest travel innovation report. Learn all about the latest trends in Ecotourism and what brands can do to stay relevant in an industry where sustainability is increasingly vital.
Recovery in travel is finally starting to look more optimistic. Does this mean travel providers will pick up where they left off before the pandemic? Not exactly!
World Travel Market London is the market leading international travel event unlocking business opportunities for inbound and outbound tourism professionals. This is the premier location where travel professionals come together to connect and hear about how leading companies have reshaped their businesses and data insights into trending destinations and products.
In 2022, 62% of travel businesses in Euromonitor International’s Voice of the Industry: Travel Survey reported that inflation was by far the most disruptive factor that they face, having a moderate to extensive impact on their daily operations. Read on to understand the repercussions.
The consumer appetite for real life experiences remains undiminished, with 76% of consumers saying that they are important to them. Coupled with unprecedented pent-up demand, this is expected to add USD1.4 trillion to the USD2.3 trillion in-destination spending market. With travel brands falling over each other to grab a slice of the pie, new start-ups continue to enter the fray, such as new brand MOPO, that is targeting both the resident and visitor segments for fun things to do.
The Future Hospitality Summit (FHS) will debut in Dubai this September, bringing together the Middle East and Africa's industry leaders for discussions, deals and insight on the continued growth of the region's hospitality and tourism sectors.