Museums, As Airline Layoffs Loom, 28% Of Southwest Workers Opt For Buyouts, Extended Leave; 15% Of Delta Pilots Offer To Retire, Disney Reopens Parks In Paris And Orlando—Even As Florida Case Numbers Climb. This article considers the various types of business travel, the influences on demand, and trends in development of facilities. That’s the number of international tourist arrivals in 2019, in addition to 8.8 domestic tourists worldwide. What's new in Business Tourism. The tourism industry has faced some of the most visible struggles during the Covid-19 pandemic: cruises have become vectors of Covid-19 transmission, airlines have laid off workers and theme parks like Walt Disney World have faced huge losses and become flashpoints for criticism as they’ve reopened amid the pandemic. I previously covered politics and news for Vanity Fair and Mic, and as a theater critic I serve as a. I am a New York-based journalist covering breaking news at Forbes. The expected loss in export revenues from international tourism is $910 billion to $1.2 trillion; $320 billion has already been lost in the first months of 2020, which is more than three times the loss experienced during the entire 2009 economic crisis. Much of the emphasis in tour organization, tourist services and incentives for tourism development has been concerned with the needs of the leisure tourist. CiteScore: 12.8 ℹ CiteScore: 2019: 12.8 CiteScore measures the average citations received per peer-reviewed document published in this title. The losses in the tourism industry are projected to reduce global GDP by between 1.5% and 2.8%, depending on how long the tourism standstill lasts. CiteScore values are based on citation counts in a range of four years (e.g. Airbnb Rentals. Keywords: leisure and tourism; business travel; conference and exhibition facilities Meetings, conferences and exhibitions represent a segment of tourism which has only recently attracted recognition. Indeed, one might say that tourism is itself one of the wonders of the world,” Guterres said Tuesday. By continuing you agree to the use of cookies. Tourists gather outside Buckingham Palace while on the London Big Bus open-top tour in London. UN Secretary-General António Guterres emphasized the need to rebuild the tourism industry in a way that is “safe, equitable and climate friendly,” and the UN identified five priorities: mitigating the virus’s socio-economic impact, building “resilience” across the tourism value chain, maximizing the use of technology, promoting sustainability and fostering partnerships that will help tourism support goals for sustainable development. ScienceDirect ® is a registered trademark of Elsevier B.V. ScienceDirect ® is a registered trademark of Elsevier B.V. There has been significant growth in the business travel sector of tourism, which includes both individual travel and organized group arrangements, eg for conferences, conventions and exhibitions. Travel Agent | Terry Dale. Business tourism is one of the fastest growing segments of the Irish tourism industry. © 2020 Forbes Media LLC. We use cookies to help provide and enhance our service and tailor content and ads. Polling throughout the pandemic has shown Americans and others worldwide have been hesitant to travel, with a Morning Consult tracking poll released Monday finding only 27% of all U.S. adults would currently feel comfortable going on a vacation and 12% would feel comfortable traveling abroad. All Rights Reserved, This is a BETA experience. CiteScore: 12.8 ℹ CiteScore: 2019: 12.8 CiteScore measures the average citations received per peer-reviewed document published in this title. Our tour operator members take travelers to the farthest corners of the earth, offering unparalleled access, peace of mind and protection every step of the way. How to Travel with Confidence. “That is why it has been so painful to see how tourism has been devastated by the COVID-19 pandemic.”. Featured Article. Devastated by pandemic, tourism sector must be rebuilt in a safe, equitable and climate friendly way – UN chief (United Nations), Another Rocky Cruise: First Alaskan Line To Resume Sailing Already Cut Short By Covid-19 (Forbes), Covid-19 Pandemic Could Shutter A Third Of All U.S. Business Travel News is the leading source of information serving the managed business travel and meetings market. A new policy brief from the United Nations outlining Covid-19’s impact on the tourism industry projects the pandemic will cost the tourism industry approximately $1 trillion in losses and threaten more than 100 million jobs worldwide, underlining how the ongoing global crisis has devastated one of the world’s largest industries. Copyright © 2020 Elsevier B.V. or its licensors or contributors. With South Africa becoming a destination of choice for sporting, business and cultural events, a wide range of opportunities exist for entrepreneurs in the travel and tourism industry. 2016/09/22 Tourism “allows people to experience some of the world’s cultural and natural riches and brings people closer to each other, highlighting our common humanity. This article considers the various types ofbusiness travel, the influences on demand, and trends in development of facilities. Business Tourism articles. It is a product of modern social arrangements, beginning in western Europe in the 17th century, although it has antecedents in Classical antiquity. Physical impacts: trends affecting tourism. International tourist numbers are projected to decline by between 58% and 78% from 2019 to 2020, the UN reports, which would result in a drop of 850 million to 1.1 billion tourists.  www.businesstravelnews.com … CiteScore values are based on citation counts in a range of four years (e.g. I previously covered politics and news for Vanity Fair and Mic, and as a theater critic I serve as a member of the New York Outer Critics Circle. You may opt-out by, (Photo by Aaron Chown/PA Images via Getty Images), EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation BrandVoice, Devastated by pandemic, tourism sector must be rebuilt in a safe, equitable and climate friendly way – UN chief, Another Rocky Cruise: First Alaskan Line To Resume Sailing Already Cut Short By Covid-19, Covid-19 Pandemic Could Shutter A Third Of All U.S. BTN provides business travel management professionals in multinational, large, midsize and small corporations with news, analysis, and research to help them better evaluate, select and purchase business travel and meetings for their companies. Copyright © 1982 Published by Elsevier Ltd. https://doi.org/10.1016/0261-5177(82)90054-1. The tourism slowdown is expected to have the most detrimental impact on the world’s least developed countries—particularly in Africa—and small island developing states, where tourism accounts for a higher percentage of their GDP, as well as on the women and young people who make up the highest share of tourism workers. Prior to the pandemic, the UN notes that the tourism industry had grown faster than the world economy overall for 10 years straight. Airbnb is a marketplace where you can rent out your spare room, or even your entire … 1.5 billion. Museums (Forbes), As Airline Layoffs Loom, 28% Of Southwest Workers Opt For Buyouts, Extended Leave; 15% Of Delta Pilots Offer To Retire (Forbes), Disney Reopens Parks In Paris And Orlando—Even As Florida Case Numbers Climb (Forbes), Full coverage and live updates on the Coronavirus, I am a New York-based journalist covering breaking news at Forbes. Follow me on Twitter @alisond64 or get in touch at adurkee@forbes.com. 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