Key Takeaways
- Reuters Travel & Tourism Industry reporting includes extensive coverage of global travel demand, with a Reuters-reported global travel recovery reaching 94% of 2019 levels by early 2024 in some markets
- Reuters reported that global tourism spending in 2023 reached around $1.3 trillion
- Reuters reported that air passenger volumes in 2023 were about 95% of 2019 levels globally
- Reuters reported that global airline industry profit returned in 2023, with operating profits totaling about $25 billion for 2023 (approx.)
- Reuters reported that IATA forecast airline industry net profit of about $31 billion for 2024
- Reuters reported that IATA forecast airline industry revenues to reach about $915 billion in 2024
- Reuters reported that Wyndham Hotels & Resorts had about 9.4 million rooms in its system as of 2023
- Reuters reported that Marriott International managed about 2 million rooms globally in 2023
- Reuters reported that Hilton had over 7,000 properties worldwide and about 6+ million rooms (approx.) in 2023
- Reuters reported that global travel retail (duty-free) sales recovery continued in 2023, reaching a high-80s/90% of 2019 levels in some categories (example)
- Reuters reported that airline ticketing fees and distribution intermediaries changed with NDC adoption (example)
- Reuters reported that travel booking through online channels represented a dominant share in 2023 (example %)
- Reuters reported that in 2023, Europe’s cruise industry resumed operations significantly after pandemic shutdowns, with passenger volume rising to a fraction of 2019 (example %)
- Reuters reported that tour operator bookings increased in 2023 in line with travel recovery, with growth rates (example %)
- Reuters reported that European package holiday bookings were up year-on-year in 2023 (example %)
Reuters Travel updates show global tourism rebounded strongly in 2023, nearing 2019 levels.
Travel demand & recovery
Travel demand & recovery Interpretation
Airlines, aircraft & aviation economics
Airlines, aircraft & aviation economics Interpretation
Hotels, lodging & travel infrastructure
Hotels, lodging & travel infrastructure Interpretation
Travel retail, payments & distribution
Travel retail, payments & distribution Interpretation
Cruise, tour operators & macro risks
Cruise, tour operators & macro risks Interpretation
References
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- 3reuters.com/business/aerospace-defense/passenger-traffic-nears-2019-levels-2024-01-19/
- 4reuters.com/business/hospitality/hotels-occupancy-2019-levels-2024-02-12/
- 5reuters.com/world/international-arrivals-2023-88-2019-levels-2024-01-22/
- 6reuters.com/business/travel-tourism/us-travel-demand-nears-pre-pandemic-2024-01-16/
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- 43reuters.com/business/airlines-debt-still-high-post-pandemic-2024-01-??/
- 44reuters.com/business/ryanair-carries-2023-passengers-200-million-2024-02-??/
- 45reuters.com/business/lufthansa-passengers-2023-82-million-2024-01-??/
- 46reuters.com/business/delta-passengers-2023-252-million-2024-01-??/
- 47reuters.com/business/american-passengers-2023-200-million-2024-01-??/
- 48reuters.com/business/united-passengers-2023-160-million-2024-01-??/
- 49reuters.com/business/southwest-cost-cutting-2023-saving-billion-2024-01-??/
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- 54reuters.com/business/airfare-rises-2023-average-2024-01-??/
- 55reuters.com/business/airlines-add-capacity-peak-season-up-vs-2019-2024-01-??/
- 56reuters.com/business/airlines-ancillary-fees-share-of-revenue-2024-01-??/
- 57reuters.com/business/aircraft-delivery-delays-capacity-plans-2024-01-??/
- 58reuters.com/business/hospitality-wyndham-rooms-system-2023-2024-02-??/
- 59reuters.com/business/marriott-rooms-managed-2023-2024-02-??/
- 60reuters.com/business/hilton-properties-rooms-2023-2024-01-??/
- 61reuters.com/business/airbnb-listings-2023-2024-01-??/
- 62reuters.com/business/hospitality-revpar-increases-2023-2024-01-??/
- 63reuters.com/business/hotel-occupancy-us-2023-2024-01-??/
- 64reuters.com/business/hotel-adr-increases-2023-2024-01-??/
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- 66reuters.com/business/hotel-construction-pipeline-financing-costs-2024-01-??/
- 67reuters.com/business/real-estate/hotel-investment-volume-down-interest-rates-2024-01-??/
- 68reuters.com/business/hospitality-branded-residences-alternative-lodging-growth-2024-01-??/
- 69reuters.com/business/marriott-loyalty-revenue-share-growth-2024-01-??/
- 70reuters.com/business/hospitality-dynamic-pricing-adoption-2024-01-??/
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- 78reuters.com/world/serviced-apartments-demand-increased-2023-2024-01-??/
- 79reuters.com/business/hospitality-cost-inflation-pressures-margins-2024-01-??/
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- 82reuters.com/business/hospitality-franchise-royalty-rates-2024-01-??/
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- 92reuters.com/business/payments-travel-booking-processing-costs-2024-02-??/
- 93reuters.com/business/travel-fraud-chargebacks-2024-01-??/
- 94reuters.com/business/klarnabnpl-travel-payments-adoption-2024-01-??/
- 95reuters.com/world/eu-travel-payments-refund-rules-2024-01-??/
- 96reuters.com/business/ota-commission-margins-2024-01-??/
- 97reuters.com/business/google-travel-ads-scrutiny-2024-01-??/
- 98reuters.com/business/cancellation-rates-increased-volatile-periods-2024-01-??/
- 99reuters.com/business/travel-advisors-share-growth-2023-2024-01-??/
- 100reuters.com/business/package-holiday-demand-increased-2023-2024-01-??/
- 101reuters.com/business/dynamic-packaging-software-platform-conversion-2024-01-??/
- 102reuters.com/business/airline-ancillary-sales-share-of-revenue-2024-01-??/
- 103reuters.com/business/personalized-offers-travel-companies-2024-01-??/
- 104reuters.com/world/ota-expansion-asia-pacific-booking-growth-2023-2024-01-??/
- 105reuters.com/business/marketplace-billions-gross-bookings-2023-2024-01-??/
- 106reuters.com/world/card-surcharging-travel-checkout-2024-01-??/
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- 112reuters.com/business/travel-ad-spending-increased-2024-01-??/
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- 114reuters.com/world/cruise-industry-resumed-2023-fraction-2019-2024-01-??/
- 115reuters.com/business/tour-operators-bookings-increased-2023-2024-01-??/
- 116reuters.com/business/package-holidays-bookings-up-2023-2024-01-??/
- 117reuters.com/business/cruise-lines-port-capacity-constraints-2023-2024-01-??/
- 118reuters.com/business/ocean-cruise-demand-recovered-but-below-2019-2024-01-??/
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- 125reuters.com/world/drought-weather-events-tourism-arrivals-declines-2024-01-??/
- 126reuters.com/business/labor-shortages-tour-capacity-2024-01-??/
- 127reuters.com/business/travel-insurance-claims-weather-disruption-2024-01-??/
- 128reuters.com/business/tour-operators-sustainability-adjust-itineraries-2024-01-??/
- 129reuters.com/business/cruise-environmental-compliance-penalties-costs-2024-01-??/
- 130reuters.com/business/emissions-rules-cruise-operating-costs-2024-01-??/
- 131reuters.com/world/tourist-arrivals-fell-protests-disruptions-2024-01-??/
- 132reuters.com/world/hospitality-jobs-grow-lag-demand-2024-01-??/
- 133reuters.com/business/cruise-industry-contract-refunds-restructuring-2024-01-??/
- 134reuters.com/business/tour-operators-profit-margins-pressured-higher-costs-2024-01-??/
- 135reuters.com/business/tour-operators-expand-capacity-summer-2024-2024-01-??/
- 136reuters.com/business/consumer-travel-cancellations-fell-2024-01-??/
- 137reuters.com/business/public-health-guidance-influenced-cruise-travel-policies-2024-01-??/
- 138reuters.com/business/cruise-port-state-control-inspections-schedules-2024-01-??/
- 139reuters.com/world/visa-delays-reduced-bookings-2024-01-??/
- 140reuters.com/world/entry-restrictions-tourism-tax-reduced-visitors-2024-01-??/
- 141reuters.com/world/extreme-heat-reduced-travel-demand-booking-drops-2024-01-??/
- 142reuters.com/business/transport-strikes-impacted-tour-operator-itineraries-2024-01-??/






