The global travel industry is expected to reach close to USD3 trillion and grow by 3.3% by 2024, according to Euromonitor.
A recent analysis by Euromonitor International shows that, generally, the larger the city, the higher the income inequality all over the world. The conclusion is valid in the U.S., but also in Brasil and China.
A World Travel Market panel in Moscow has dubbed the Russian Federation’s inbound travel as a disaster. Vladimir Kantorowich claims the government has done little to promote tourism in the country.
In hotel news from the Russian Federation, hotel values there are expected to rise, as well as in the Commonwealth of Independent States, and the Republic of Georgia, according to several reports. Some estimates suggest the growth rate at up to double that of other countries in Europe.
Tourism in Turkey is on course for yet another strong performance as the Easter holidays approach, says the Euromonitor International tourism market analyst firm in a new report released this week.