COVID-19 Impacts on the Tourism Economies Around the World
This webinar will provide a regional snapshot of the COVID-19 impacts on the tourism economies of the U.S., Europe, Canada, and China. The panel, comprising of four renowned international tourism experts, will update the audience on the latest status, industry coping strategies, and consumer trends of the respective countries/regions.
Webinar: Impact of COVID-19 on PATA Visitor Forecasts 2020-2024
Overview:
Under the newly updated forecasts from the Pacific Asia Travel Association (PATA), the most likely scenario for international visitor arrivals into and across Asia Pacific in 2020 is that visitor numbers are likely to reduce by 32% year-on-year. Taking into account the impacts of the COVID-19 pandemic, the volume of arrivals is now expected to reduce to fewer than 500 million this year.
During this webinar, participants will have the opportunity to ask questions about the forecasts and find out useful insights and analyses for the destinations within Asia Pacific to prepare for and manage the negative impacts of the COVID-19 on their tourism industries.
What you’ll learn from HKPU:
● The methods used in the PATA Asia Pacific Visitor Forecasts report series
● Understanding the factors, especially COVID-19, that may have contributed to the future trends of tourism demand within Asia Pacific
● The extent to which COVID-19 would affect the demand for travel within the region
● Possible suggestions about the ways in which the destination organisations/businesses could combat the negative impacts of COVID-19.
What you’ll learn from Euromonitor International:
● The latest global economic outlook based on Euromonitor International’s latest research incorporating COVID-19 effects
● The historic economic performance of PATA destinations for metrics like GDP and disposable income
● The future outlook for PATA destination economies and income in light of the Coronavirus (COVID-19) pandemic
Does Tourism Have a Future in the Pacific?
Does Tourism Have a Future in the Pacific?
24 February 2022, 10:00-11:15 am (Manila time)
Overview
This webinar presented evaluations of challenges of the Pacific tourism after COVID-19, scenarios of tourism recovery, the latest policy measures in the Pacific, recommendations on way forward for the sustainable tourism and perspectives from the industry. It presented latest ADB publications on the topic and highlighted the importance of scenario planning and futures thinking and foresight to demonstrate its application in policy and decision-making process.
Key messages
Ashish Narain, Principal Economist, Social Sectors and Public Sector Management Division, Pacific Department, ADB:
Tourism sector generated almost $4 billion worth of business for the Pacific region and accounted for 8% of the GDP, and employed more than 90,000 people. The recovery of the economies in the region depends on the revival of the tourism.
Pacific tourism heavily depends on handful of countries. Almost 50% of the tourists in the Pacific came from just two countries (Australia and New Zealand) and another 10% from USA. More than 60% of the tourism is leisure tourism. There is also weakness in hard and soft infrastructure (e.g. limited number of airlines, shipping lanes, rising costs for the private sector, in particular SMEs).
Carrying capacity of the Pacific islands is limited. What do we do when we expect fundamental changes to happen? We can look at the past which may give us valuable lessons. An alternative is to imagine different scenarios and use the strategies and actions that can increase the chances of reaching positive outcomes, while minimizing the chances of undesirable outcomes and finally to rethink and reimagine.
Sara Currie, Tourism Specialist, Pacific Private Sector Development Initiative (PSDI), ADB
Pacific tourism industries faced a myriad of challenges prior to the pandemic – many of which have now been exacerbated by COVID-19 and the resulting global shutdown.
A successful resumption of tourism goes beyond just reopening borders. Challenges such as health protocols, visitor dispersal and balancing sustainability with economic advancement must all be considered.
A range of strategies could be adopted to support recovery and longer-term resilience, including a regional approach, improvements in the enabling environment, data and evidence-based strategy and planning for crisis and resilience.
Dr. Ian Yeoman, Associate Professor of Tourism Futures, Victoria University of Wellington
COVID-19 has produced a future of complexity and uncertainty; thus, the future is about multiple futures and designing for resilience.
We present four futures, everything from no future to a future of hope and something in between.
The scenarios are a living document, something that will be continually edited and updated.
Dr. Johanna Loehr, Postdoctoral Research Fellow, Griffith University, Brisbane
Tourism’s policy response to COVID-19 focused on crisis response measures with immediate outcomes and returning to business as usual. Only few examples of measures aimed at creating long-term and strategic change exist.
To build forward and address uncertainty, holistic approaches to decision-making are required.
No matter what tourism’s future looks like – sustainability will always be very important. It presents a proactive and no-regret approach.
Mr. Chris Cocker, the CEO of the Pacific Tourism Organization (SPTO)
The two years has given SPTO the opportunity to reset, rethink and rebuild our strategic plan
To drive Pacific tourism to recover pandemic, SPTO in collaboration with development partners will lead by resetting through digital transformation, rethinking through innovative collaboration regionally and globally, rebuilding through responsible sustainable tourism recovery that depends on research and data insights.
“We are at the crossroads – we need paradigm shift – we need to go back to Pacific values because sustainability is at the heart of our belief system”
Susann Roth, Advisor and Chief of Knowledge Management, Knowledge Advisory Services Center (KASC), ADB
We often see different scenarios happening the at the same time. Important is to use additional futures thinking and foresight tools like backcasting and then create an understanding on what kind of milestones and indicators we have to watch out for to move towards the preferred scenario. So scenarios help us to create awareness, help us understand the uncertainties that we need to navigate. They also help us understand what kind of policies we need to build on.
Organizers/partners: ADB Futures Club, ADB’s Pacific Department and Te Herenga Waka - Victoria University of Wellington
Contact: ADB Futures Club via Bayarmaa Amarjargal (Bama), Knowledge Management Specialist, KASC, ADB at bamarjargal@adb.org
Webinar | PATA Visitor Forecast Updates – Are We seeing the Light at the End of Tunnel?
This webinar will provide new updates on the PATA Visitor Forecasts in consideration of the new developments in the COVID-19 pandemic within the Asia Pacific, focusing on the influence of the COVID-19 vaccination programme and the possible introduction of the travel bubbles on the visitor flows within the region.
During this webinar, participants will have the opportunity to ask questions about the forecasts and find useful insights and analyses for the destinations within the Asia Pacific to prepare for and manage the negative impacts of the COVID-19 on their tourism industries.
What you’ll learn from Hong Kong Polytechnic University:
- Revised scenario Visitor forecasts for some destinations
- The factors that contributed to these revisions
- The methodology used in the revised visitor forecasts
- Possible policy implications
What you’ll learn from Euromonitor International:
- The latest macro-economic outlook, along with the latest consumer survey trends on behaviours and values
- Hear which countries are performing well in Euromonitor’s new Sustainable Travel Index
What you’ll learn from TCI Research:
- An update on the Asia Pacific travel-related sentiment
- The latest trends around the state and dynamics of web social conversations influencing the competitive attractiveness of Asia Pacific destinations
- A mapping of positive reputation drivers able to accelerate the rebound
What you’ll learn from STR:
- Insights on the current demand towards Q3 and Q4 2021
- Forecasts from the exciting new platform that STR introduces to help hoteliers ride the waves and optimize the opportunities towards recovery.
What you’ll learn from ForwardKeys:
- International review on international travel
- Regional APAC overview in terms of international arrivals
- Examples of travel bookings increasing in destinations now open to foreign travellers such as Thailand.
- Learnings from travel bubbles
- 6-month forecast – what can we see in terms of future bookings to APAC
Speakers:
- Caroline Bremner, Head of Travel Research, Euromonitor International
- Fenady Uriarte, Business Development Manager, Southeast Asia, STR
- Jameson Wong, APAC Director / Divisional Director, Hospitality, ForwardKey
- Olivier Henry-Biabaud, CEO, TCI Research
- Professor Haiyan Song, School of Hotel and Tourism Management, The Hong Kong Polytechnic University
Key Highlights of the webinar:
00:01 - Introduction
2:12 - Presentation by Prof. Haiyan Song
21:10 - Presentation by Caroline Bremner
36:00 - Presentation by Olivier Henry-Biabaud
1:09:20 - Presentation by Fenady Uriarte
1:28:25 - Presentation by Jameson Wong
1:46:25 - Panel Discussion
2:00:30 - Wrap up by PATA
The Impact of COVID-19 on the Gallery Sector
To mark the launch of a new mid-year survey exploring how the COVID-19 pandemic has impacted the global gallery sector, Art Basel and UBS present a panel of experts to discuss the findings of this special report and to explore the challenges and opportunities facing the art market in 2020 and beyond.
Dr. Clare McAndrew, founder, Arts Economics, Noah Horowitz, Director Americas, Art Basel, and Paul Donovan, Global Wealth Management Chief Economist, UBS discuss the key findings of the report.
Broadcast Live on September 10.
Travel will NEVER be the same | COVID-19 Predictions
What will travel look like after the Coronavirus pandemic? My predictions on the future of travel over the next 3-5 years.
In 2019, travel was accessible to more people than ever before thanks to budget airlines, epic travel deals, new flight routes and plenty of accommodation options from hostels to airbnb. Experts predict this 'golden age' of travel is over with the 'new normal' being much less affordable or accessible.
There's no question that COVID-19 has wreaked havoc on the hotel, airline, cruise and travel industry as a whole. You may be wondering if yearly vacations, budget getaways and cheap flights gone for good. In today's video I'll break down the research based predications that you should consider before planning for travel between now and 2025.
What do you think travel will look like over the next 3-5 years?
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Ready for stress-free travels? Subscribe and join us every Wednesday and Sunday for informative videos full of practical tips. You'll learn how to navigate airport security, pack like a pro, identify scams, and even uncover little-known hacks to take your travel to the next level. (these are my specialty!)
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Travel Is Coming Back.. Here's Where To Go NEXT!
Travel Is Coming Back.. Here's Where To Go NEXT!
Welcome back to Around the Globe, today on the channel we are going to catch the sight of Rebound on travel and how the world will adjust. Every year travel trends come and go, however, 2021 is set to be one of tourism’s most significant years to date. As the world slowly recovers from COVID-19 and borders gradually start to open, we expect travel to look a little different than it did pre-pandemic. Although nobody knows exactly what will happen, one thing is clear; we won’t be able to travel as freely (without consideration for our health) as we used to…at least for the foreseeable future. However, with this comes an exciting opportunity to adapt and innovate, along with the likelihood of travellers being willing to pay more to reduce their COVID-19 exposure.
Socially distant travel, detailed and timely data sharing, less groups more fit itineraries,market popularity may change and a shift in transportation expectations are some of the things travellers will need to look forward to. Seeking a travel expert is one of the most important tasks, and yet while looking for one we will equip you with information before your next trip. Stick around for more.
#TravelpostCovid19 #Traveltrend2021 #Sustainabletravel2021
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The Economic Impact of the Coronavirus with James Asquith
Join me today as I interview James Asquith, a British traveller, author and investment banker. He's the official Guinness record holder for being the youngest guy to visit every country in the world. He shares how the Coronavirus will impact the world economy.
James began his travels during his Bachelors degree at the London School of Economics in 2007. He began by volunteering in Southern Vietnam, and then travelled to every country in the world over the next 5 years.
After completing his travels, James wrote a book about his journey to every country in the world, titled Breaking Borders.
He has worked for major banks including HSBC, Deutsche Bank, and SMBC Nikko, and is currently the CEO at Holiday Swap, which allows users to match up and swap their accommodation anywhere in the world.
Enjoy the video!!!
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Economics 101 & The Travel Industry
Join me as I interview Mick LaHoda, economist specialist and retired educator of 40 years. Mick is sharing the history & present economy as it relates to the travel industry, and how travel agents can prepare for the rebound of COVID-19.
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Shifting Gears for Recovery: Rebuilding Travel & Tourism in Latin America
As COVID-19 swept through Latin America, it destroyed 4 million jobs in its wake. The closure of international borders to protect public health has been devastating to the sector and made its 2019 GDP contribution of US$ 267 billion, a goal for recovery rather than a marker on its path to future growth. What strategies and policies are being implemented or need to be enacted to recover the millions of jobs destroyed and the US$ 110 billion GDP lost to establish a more resilient, sustainable and inclusive sector?
SPEAKERS:
Martin Zanone, Managing Director, Eurotur
Hugo Desenzani, Chief Executive Officer, Libertador Hotels, Resorts & Spas
Gordon Wilson, President, WorldReach Software
Julián Guerrero Orozco, Vice-Minister of Tourism of Colombia
Moderated by: Arturo Sarukhan, President, Sarukhan + Associates
WTTC Global Summit 2021 Cancun
wttc.org/Global-Summit
#WTTCSummit #GSCancun #WTTC #GS2021 #TravelAndTourism
Copyright © World Travel & Tourism Council.
Any reproduction without World Travel & Tourism Council's written consent or illegal distribution of the content in any form will result in immediate action against the person/companies concerned.
Here are 8 ways travel will change after the pandemic | How the Post-Pandemic Travel Industry Change
From a restored obligation to supportable the travel industry to innovative approaches to globetrot from home, here's the manner by which travel creators, bloggers, and podcasters are exploring.
No.8.Sustainability will be a main thrust
No.7.Our excursions will turn out to be more comprehensive
No.6.Small people group will assume a greater part
No.5.We'll look for quality over amount
No.4.The excursion will get going
No.3.Travel counselors will get fundamental
No.2.We'll like remaining nearer to home
No.1. Arranging excursions will become happy once more
Japan Travel Guide
Top 10 Post-Pandemic Staycation Tip
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Netherlands Travel Guide
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Sporty UAE staycations prove a hit amidst COVID-19 travel restrictions
Global tourism, being one of the world’s most important and fastest growing economic sectors, took a hard hit during the COVID-19 pandemic.
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The evolution of aviation after COVID-19
The coronavirus pandemic is having an unprecedented impact on travel and aviation activity but a demand recovery remains likely once countries are able to ease international travel restrictions.
Prior peak levels of activity will be regained, but activity and the growth trend will be different. In this session, the panel will explore the lasting impacts on passenger behaviour as well as airline activity.
Discussion will cover expected changes in traveller preferences and behaviour, as well as lasting industry impacts plus potential policy effects such as new taxes or lingering travel regulations.
#Aviation #TravelIndustry #WTMLDN
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How to “recover” tourism research’s relevance after COVID-19
The COVID-19 pandemic has forced tourism scholars to grapple with the future of tourism education and research. An increasing critique is that tourism research has not addressed research topics that are most urgent and fundamental. Amid the crisis, are tourism academics losing relevance? During the pandemic, how can we offer impactful thought leadership to the industry, public, and society at large? After the pandemic, how can we ensure our research is relevant and meaningful? At this critical juncture that could reshape global tourism development, TTRA and Temple University’s U.S.-Asia Center for Tourism and Hospitality Research invite you to discuss the relevance of tourism research with three distinguished leaders in our field.
Regional Harmony in Asia Pacific Post-COVID-19: An Economic Perspective
To discuss how to create regional cooperation for the vast economic enablement and regional policy coordination needed to recover from COVID-19, the PATA Crisis Resource Centre (CRC) interviewed to Dr. Cyn-Young Park, the Director of the Regional Cooperation and Integration Division in the Economics Research and Regional Cooperation Department of the Asian Development Bank (ADB), about her team's recent paper: ADB BRIEFS No. 133, May 2020: An Updated Assessment of the Economic Impact of COVID-19
Conversations | The impact of COVID-19 on the art market
Conversations | The impact of COVID-19 on the art market
Broadcast on May 19, 2020
The Covid-19 crisis has had an unprecedented impact on the art market, shuttering galleries and museums. Exhibitions, art fairs and auctions have either been postponed or have moved online. What will the mid- and long-term consequences of the crisis be for the art market? What lessons can we learn from the past, and what innovations might tomorrow's art market bring? On Tuesday, 19 May, 2020, UBS and Art Basel hosted an expert panel to address the key questions facing today's art market.
‣ Paul Donovan, Global Wealth Management Chief Economist, UBS
‣ Noah Horowitz, Director Americas, Art Basel
‣ Dr. Clare McAndrew, Founder, Arts Economics
‣ Moderator: Melanie Gerlis, Art Market Columnist, Financial Times
FlightGlobal webinar - 2021 forecast: What shape will recovery take for aviation?
The worst year in modern commercial aviation is ending with positive news – the prospect of a Covid-19 vaccine being imminently available. Coupled with advances in rapid testing for air passengers and the growth of bilateral travel bubbles, are things about to improve? However, with cash-starved airlines on the brink, and an aerospace supply chain in crisis, the pain and uncertainty is sure to continue well into 2021.
To kick-off the new year, we will bring together four foremost aviation experts to debate what the twelve-months ahead have in store for an industry that has been brought to its knees. Is recovery on the way and, if so, when and who will still be around to shape it?
In association with Embraer
The IBTM Global Trends Report 2021: Build Back Better
The meetings and events industry has been savaged over the last 9 months by the effects of the global pandemic. This year’s IBTM Global Trends Report seeks to understand the full depth of the devastation that Covid-19 has had on the industry what 2021 will look like.
What will be the so-called ‘new normal’ and how can the industry Build Back Better to a new, better, more sustainable and inclusive industry, ready for the next generation of events, event organisers and delegates?
During this session, you will:
• Understand the key trends of the meetings and events industry for 2021
• Focus on ‘mega-trend’ areas including; sustainability, diversity, technology and security
• A look at the main industries that influence the procurement of meetings and events
• Insight into the performance of global territories; where is global the growth coming from, which are the regions to watch
• What does the ‘new normal’ look like for events, event organisers and delegates
Speakers:
Alistair Turner, MD, EIGHT PR & Marketing
Fiona Pelham, CEO, Positive Impact Events
Ashanti Bentil-Dhue, CEO, EventMind and Diversity Ally
Kim Myhre, Founder, Experience Designed
You can download the full IBTM Global Trends Report here:
COVID-19 Impact on the Economy and Agricultural Sectors
Right now, we must work to simultaneously flatten two curves: the pandemic curve, and the recession curve. How will COVID-19 and resulting labor and supply chain bottlenecks affect farm income and the overal ag economy in 2020?