rotator
rotator
rotator
rotator
rotator
rotator
rotator
News

The travel recovery is underway but remains fragile

Monday 19, April 2010

 

The travel recovery is underway but remains fragile

 

The report, compiled for ETC by Tourism Economics, shows that overnight visits to European destinations declined 6% in 2009 while international travel around the world fell an estimated 4.7% against the headwinds of the global recession.

 

 

However, signs of a travel recovery emerged in the final months of the year as economies around the world strengthened.

 

As the "great recession" gave way to economic life in the final quarter of last year, some European destinations posted visitor growth. And as 2010 begins, the trends established in the latter portion of 2009 are carrying into 2010. European airlines are reporting higher load factors due more to increased passenger numbers rather than cuts to capacity. Hoteliers have experienced higher occupancy rates across Europe and revenue is growing in the first quarter despite lower prices. Both of these trends point to renewed growth in tourist arrivals in the first part of 2010.

 

While the beginning of the recovery appears to be underway, European economic conditions remain fragile - especially in the labour market which will weigh on already weak consumption. Additionally, budget troubles across much of the region remain a concern.

 

In the short term, survey results from travel-related industries are all pointing toward growing demand over the next few months in comparison to the depths of the recession.

 

As the year progresses, the recovery will need to gain momentum if it is to compare favourably with last year. Visits to European destinations are expected to grow by 2.4% in 2010 and then accelerate to 3.8% in 2011, when 2008 visitor levels will finally be regained.

 

The full report can be downloaded from ETC's corporate website under the following link: http://www.etc-corporate.org/market-intelligence/reports-and-studies.html

 

 

 

Bookmark and Share

 

^ back to top

 

Find the best deals available today

The grey menu on the right is your best friend. Always check before you travel.

Plan your trips with the help of great resources

More and more travellers think that researching and planning a European city break is half the fun and they're not interested in pre-arranged trips or escorted tours. Self-guided tours offer a lot of advantages but require some guidance and good resources.

 

Clean, green and very pristine

Top 10 most environmentally pure countries

With the recent wild fires, disrupting flights and increasing air pollution, environmental quality is a growing factor in attracting tourists.

 

Rooftop

Top 15 most spectacular hotel rooftop views

The hotel price comparison site www.trivago.co.uk has put together a list of the fifteen most spectacular hotel rooftop terraces in the world.

Latest offers, discounts and more...

Accor “3=2 offer”
Why not extend your stay? 3 nights for the price of 2.
Columbus Direct travel insurance
Quality cover at low prices to customers all around the world.
Priority pass
Access VIP lounges no matter where which airline and class you fly.
European City Cards
See more and pay less! Get your "passport" to European cities.
Rail Europe
Comfortable and affordable on European trains.
Lonely Planet Magazine
Packed with insider knowledge, hints and tips.
Sandemans New Europe City Tours
Free walking tours in 13 cities within 9 countries.
Sol Melia Wednesdays
Search your exclusive special offers now for the coming weekend!
Transfers
Low-cost shuttle and private transfers in over 70 countries.
IMEX Frankfurt 25-27 May
The essential worldwide exhibition for incentive travel, meetings and events.
Subscribe to Travelio News Summary via RSS Follow our news titles on Twitter Become a fan of Travelio.net on Facebook Bookmark and Share