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Travel Weekly Group Ltd

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  • 3 min

Report reveal business travel ground…

📍 According to the report by FREENOW and GBTA, 85% of travel programmes have risk policies for business travel, yet only 55% frequently address ground transport risks. Regular safety trainings are conducted by 62% of programs, with 56% covering ground transport. Although 89% have traveler tracking systems, only 24% can consistently locate employees using ground transport. Half of the travel managers view taxis as the safest ground transport; vehicle safety checks and professional licenses are vital for 93% and 91% respectively. Business relationships with transport vendors exist for most companies in Germany, UK, Spain, and Ireland, enhancing operational efficiency.
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  • 4 min

Sponsored Interview: Saga Travel on…

🏖️ Saga Travel merged Titan Travel and Saga Holidays into Saga Travel Group to streamline operations. John Constable, CEO of Titan Travel, led the consolidation, which resulted in growth, despite operational challenges during the pandemic. In 2023, Saga Travel partnered with Sabre Corporation to centralize air content and potentially hotel content on a single platform, improving productivity and customer experience. Saga reported an outstanding year for cruise and touring in 2023, with growth attributed to employee empowerment and targeting demand.
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  • 2 min

Alvarez & Marsal appoints MD to co-lead…

🚀 Jorge Gilabert appointed as Managing Director to co-lead the Travel, Hospitality and Leisure practice at Alvarez & Marsal (A&M) in Europe. With over 15 years' experience, Gilabert, based in Spain, aims to drive strategic transformations in tourism and hospitality. Known for leading significant business turnarounds and M&A processes, he notably worked with CEO Federico Gonzalez on the strategic transformations of NH Hotels, Radisson Hotels, and Louvre Hotel Group. Previously a Partner at Monitor Deloitte in Spain, Gilabert expanded the consumer industries sectors and led strategic projects across various consumer-focused industries. Ed Bignold, head of A&M’s THL Practice, anticipates expanding geographic reach and capabilities with Gilabert’s expertise.
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  • 2 min

Hunger for adventure drives innovation in…

🚀 World Travel Market London research indicates a growing global middle class is driving demand for new, adventurous holiday experiences. WTM Global Travel Report, with Oxford Economics, notes shifts in traditional travel norms, with activities like volcano-boarding in Nicaragua and shark cage-diving in South Africa gaining popularity. Soft adventure activities dominate, but hard adventure activities are attracting wealthier thrill-seekers. Tourism Economics found a 29% increase in adventure travel interest, 34% in rural/nature tourism, and 57% in exploring new destinations compared to five years ago. Smaller countries like Armenia and Serbia, as well as African safari destinations, are expected to grow in tourism. Saudi Arabia and Albania saw 80% and 74% visitor growth in 2024 from 2019. The 'experience economy' is expanding, with Gen Z and Millennials prioritizing experiences over goods, promising a positive travel outlook.
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  • 2 min

Global overnight arrivals exceed 1.5…

🏖️ International tourism arrivals are expected to hit 1.5 billion in 2024, a growth surpassing 2019's numbers, as reported by the WTM Global Travel Report and Tourism Economics at World Travel Market London. By 2030, overnight tourism arrivals could increase by over 30% to two billion. Leisure tourism expenditure in 2024 is estimated to reach over US$5.5 trillion, a 24% increase from 2019. Travel spending as a percentage of consumer spending is up to 8.8% in 2024 from the 8.2% average of 2010-2019. Overnight stays in paid accommodations in 2024 are projected to be 7% above 2023 and 16% above 2019, with the average length of stay for international trips up by 12% compared to 2019.
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