The global travel and tourism industry faces new challenges as it gathers at the annual World Travel Market trade event in London.
Category
🗞
NewsTranscript
00:00 Extreme weather events, economic and geopolitical uncertainty.
00:06 The global travel and tourism industry faces new headwinds as it gathers at the annual
00:11 World Travel Market trade event here in London.
00:15 One of the challenges obviously is financial pressure which we experienced in the last
00:20 few years, particularly last year, the high interest rates.
00:24 But what we've seen actually is that people are not ready to trade off.
00:27 They're still spending money on travel.
00:29 Hit by high temperatures and wildfires, it's been a challenging summer for Greece.
00:35 The climate crisis, it says, is one of today's biggest challenges facing travel and tourism.
00:41 I am optimistic as we have a plan for adapting our economy, our society, our environment
00:50 and of course our tourism.
00:51 With climate change issues I think that we are going to manage not to affect tourism
00:56 too much.
00:58 Travel is bouncing back after Covid.
01:01 International tourist arrivals reached 84% of pre-pandemic levels between January and
01:07 July this year, according to the UN World Tourism Organisation.
01:13 People are looking for some more package holidays, they're looking for some cheaper destinations,
01:17 but at the same time we are seeing luxury travel absolutely booming.
01:21 So there's something for everyone out there in the travel market.
01:24 People are really wanting to get out and travel when they can.
01:27 And as travellers return, the focus now for destinations is keeping numbers in check.
01:34 Responsible travellers are really important to us, so it means that we do emphasise on
01:40 quality over quantity and it means that we're also thinking and developing at the stage
01:46 resorts, for instance, where you're not allowed even to drive.
01:51 Travel and tourism is an industry in adapt mode as it charts its future for 2024 and
01:58 beyond.
01:59 Damon Embling, Euronews, London.
02:01 [BLANK_AUDIO]