• WTM to generate £2.5 billion of travel industry contracts

    Ramesh Tiwari
    November 3, 2015
    WTM to generate £2.5 billion of travel industry contracts

    TBN PR —–

    London: The leading global event for the travel industry – World Travel Market London is expected to generate £2.5 billion in business deals this week.

    World Travel Market London (WTM) started here today. Simon Press, World Travel Market London Senior Director, said: “We have had a fantastic start.

    “We had 211 buyers meeting a host of exhibitors for the speed networking session .We expect there will be 1.1 million on-stand meetings this week, generating £2.5 billion in business deals.”

    The speed networking session kicked off WTM London and drew large crowds of buyers and sellers, keen to make useful contacts to follow up during the course of the four-day event.

    The WTM Forecast Forum heard expert panellists discuss the findings of the World Travel Market 2015 Industry Report.The experts said that China’s economic slowdown is unlikely to adversely affect the country’s burgeoning tourism trade.

    “Those with money will continue to travel,” said John Strickland, Owner of JLS Consulting.

    UKinbound’s Chief Executive, Deirdre Wells, added: “250 million new people are expected to join China’s middle classes in the next few years; we’re nowhere near hitting our peak.”

    Euromonitor International head of travel and tourism research Caroline Bremner welcomed the introduction of two-year multi-entry visas for Chinese tourists entering the UK and said that countries needed to work together to boost long-haul inbound traffic.

    Greece was also debated, and Euromonitor’s Head of Travel and Tourism Research, Caroline Bremner, said Europe’s politicians need to work together to help the country deal with the refugee crisis.Greece’s resilience was further debated at the Greek National Tourism Organisation networking event.

    Greece’s tourism industry expects 2015 to be another record year for arrivals and revenue, despite the country’s well publicised problems with the economy and refugees.

    Elena Kountoura, Greece’s Alternate Minister for Tourism, said the country expects to reach 26 million arrivals and €14.5 billion in revenue, beating the records set in 2014.

    Operators to Greece, such as Sunvil and TUI, said they had seen a slight impact on bookings due to concerns about the Greek economy but no great rush of cancellations.

    A leading Egyptologist told WTM London delegates about the possible discovery of a new tomb, leading off the burial chamber of King Tutankhamun in Egypt’s Valley of the Kings.

    Professor Nicholas Reeves believes the secret tomb could be that of the famous Egyptian queen Nefertiti and, if further investigations prove his theory, such a discovery could rival the discovery of Tutankhamun’s tomb in 1922. It would also provide a boost to Egypt’s recovering tourism industry.

    Currently 10 million tourists visit Egypt annually, generating US$10 billion in tourism receipts. By 2020, the country plans to double the number of tourists and triple the amount of income generated.Egypt also launched a new global marketing campaign at WTM London.

    Mexico, WTM’s Official Premier Partner, is celebrating the culmination of a year-long series of cultural events marking the country’s dual year with the UK.

    WTM London, the leading global event for the travel industry, is a four-day business-to-business exhibition for the worldwide travel and tourism industry.

    WTM London, now in its 36th year, is the event where the travel industry conducts and concludes its deals. WTM London is part of Reed Travel Exhibition’s World Travel Market events, which also includes Arabian Travel Market, World Travel Market Latin America and World Travel Market Africa.  

    -wtmworld.com ,Nov.2, 2015

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      News Brief

      Kabul: Afghan security forces have regained control of Intercontinental Hotel, hours after the gunmen burst into the hotel shooting at guests and staff. At least five civilians were killed and six were injured in the siege. Three of the attackers have been killed and more than 150 guests were rescued. No group has said it carried out the attack, but the Taliban targeted the Intercontinental hotel in 2011.

      Beijing: China’s economy grew by 6.9% in 2017 according to official data – the first time in seven years the pace of growth has picked up. The figure beats Beijing’s official annual expansion target of about 6.5%. Gross domestic product (GDP) totaled 82.71 trillion yuan (about 12.84 trillion U.S. dollars) in 2017, with the service sector accounting for more than half of the total.

      Shanghai: China Eastern Airlines and other domestic airlines have begun to allow mobile phone use on their aircraft or announced plans to lift a ban. China Eastern Airlines and Hainan Airlines began to allow passengers to use portable electronic devices (PED), such as smartphones and tablets.China Southern Airlines and Xiamen Airlines announced they would allow mobile phone use on all their flights this week. – Agencies

      2017 in review -Top stories

      January 1 : New year nightclub attack leaves 39 dead in Istanbul
      January 20 : Republican billionaire Donald Trump sworn in as 45th US president
      January 23 : Syria peace talks begin in Kazakh capital Astana
      March 29 :United Kingdom officially launches the Brexit process
      April 4 :Syria launches chemical attack killing 90 people
      April 6 : US cruise missiles destroy Syrian air base
      April 9 : Bombings at two churches in Egypt kill dozens
      April 16 : Refugee death toll passes 1,000 in Mediterranean
      April 16 :Turkey says YES to presidential system
      May 6 :Emmanuel Macron elected French president defeating Marine Le Pen
      May 19 :Iran’s President Hassan Rouhani wins re-election
      May 22 : Terrorist attack kills 22 at Manchester concert
      June 5 : Gulf nations severe ties with Qatar
      June 7 :Suicide bombers attack Iranian parliament killing 13 people
      June 14 :London fire kills 71 in the 24-storey Grenfell Tower
      July 4 :North Korean leader Kim Jong-un’s missile ambitions
      July 28 : Pakistan’s top court disqualifies Prime Minister Nawaz Sharif from office
      August 5 :US withdraws from Paris climate change pact
      August 17 :Storms cause record damage in Caribbean and southern United States
      August 25 :Muslim Rohingya start fleeing Rakhine state in Myanmar
      September 15 : NASA’s 13-year Saturn mission ends
      September 20 : Earthquake kills more than 200 in Mexico
      September 24 : Germany’s Chancellor Angela Merkel wins fourth term
      September 26 : Saudi Arabia lifts ban on women driving
      October 1 : Gunman opens fire on Las Vegas music festival killing 59 people
      October 14 : Massive bombing in Somalia’s capital Modadishu kill more than 500 people
      October 24 : China confirms the elevation of President Xi Jinping to the same status as the nation’s founder, Mao Zedong, and Deng Xiaoping, by enshrining ‘Xi Jinping thought’ in the party’s constitution at the 19th National Congress of the Communist Party of China
      October 27 : Catalonia declares independence from Spain
      November 4 : S audi Arabia detains 11 princes, four ministers and ten former ministers in a corruption probe
      November 12 : Iran-Iraq magnitude 7.3 earthquake kills more than 500
      November 15 : Argentine navy submarine disappears with 44 crew on board
      November 21 : Robert Mugabe resigns as Zimbabwe’s president after 37 years in power. His former deputy Emmerson Mnangagwa will become president.
      November 22 : Bosnian Serb army commander Ratko Mladic convicted of genocide in Srebrenica during the 1990s Bosnian War
      November 24 : Gunmen kill hundreds at Sinai mosque in Egypt
      December 4 : Houthi militants assassinate Yemen’s former President Ali Abdullah Saleh
      December 5 : Russia banned from 2018 Winter Olympics for state-sponsored doping
      December 6 : US President Donald Trump recognises Jerusalem as the capital of Israel
      December 17 : Price of one bitcoin reaches a new high of $19,783.06 dollars
      December 21 : Yemen’s cholera outbreak
      December 22 : Syria peace talks in Astana (compiled)

      Top ten most visited cities

      Between January and August 2017, destinations worldwide welcomed 901 million international tourist arrivals (overnight visitors), 56 million more than in the same period of 2016 .The top ten most visited cities are:
      HONG KONG26.6 million
      BANGKOK 21.2 million
      LONDON19.2 million
      SINGAPORE16.6 million
      MACAU15.4 million
      DUBAI14.9 million
      PARIS14.4 million
      NEW YORK12.7 million
      SHENZHEN12.6 million
      KUALA LUMPUR12.3 million

      Source: Euromonitor International

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