As one of the largest and fastest-growing industries in the world, tourism accounts for 10 percent of the global economy and provides one in every 10 jobs. In addition to economic growth, international travel promotes cultural exchange, infrastructure development, social inclusion, and even environmental and wildlife conservation. Nevertheless, all these come with an ecological price: […]
There’s no way to sugarcoat the economic devastation the aviation sector has suffered during the pandemic: In 2020, airlines bled a loss of USD 168 billion. For comparison, this was the equivalent of the gross domestic product of the entire country of Greece in the same year. While uncertainties concerning the COVID-19 pandemic linger, thanks to rising global immunization […]
An estimated market value of USD 1 trillion in 2022 and expected to jump to a whopping USD 8.4 trillion by 2032, millions of travelers are losing interest in resort tourism and favor smaller, eco-friendly establishments.