news
November 17-19 in Orlando
GBTA Announces New Dates
for 2021 Convention.
Awards
Austria Center Vienna Bags Coveted Gold and Silver Stevie Awards
Best B2C event and rapid testing lanes most valuable company response to the Covid-19 crisis category.
hotel news
First Radisson Individuals in the Baltics Opens Its Doors in Tallinn
Palace Hotel Tallinn is a monument of national architectural heritage built almost 100 years ago and respectfully renovated.
€300+ millions
The Economic Impact of Messukeskus Helsinki Melted By 80 per Cent
Pandemic damage radiates over the business life of the entire Helsinki Metropolitan Area.
sleep congress is awakening
World Sleep Congress 2022 to Be Held In Rome
EGA Worldwide Congresses & Events formally contracted as DMC service provider.
digital move
ICC Sydney Expands Broadcast and Hybrid Event Solutions with Media Studio
The studio features green screen technology which allows for visual integration of presenters into customisable background content.
21–22 October 2021
Union of International Associations Round Table Asia-Pacific 2021
Hosted by Tokyo Convention & Visitors Bureau (TCVB) live and online.
hotel news Scotland
Virgin Hotels to Open in Glasgow
Pack your kilts, Virgin Hotels opens brand new Scottish property in 2022.
CB Italias platform
Convention Bureau Italia Premieres Box IT,
The Free Networking Online Platform for International Buyers Interested in Italy as a Mice and Wedding Destination.
new roles
Imex Group Invests in the Team With Nine New Appointments
Several new roles have been created within the business with significant investment in systems, marketing and design.
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Near zero projected growth in global GDP for 2009

$1.2 trillion in fdi inflows is projected for 2009, a 29% reducation from 2008. Modest 17% growth is projected for 2010, which should accelerate to 29 % growth in 2011 according to Country Brand Index 2009/Executive summery.

 

247 million international tourist arrivals from January through April of 2009. This figure is an 8.2 % decline compared with the same period in 2008.

 

$ 3.0 trillion estimated  expenditures for total world personal travel and tourism in 2009, with business travel accounting for an additional $745 billion, These figures represent annual decline of 6.3% and 11.6%, respectively.

 

• 3.4 % Growth in global GDP was reported, a slowdown from the 4% average growth in global economic output experienced from 2000 to 2007.

 

• 14 % decline in global FDI inflows, from a high of $2.0 trillion in 2007 to $1.7 trillion in 2008, when developing and transition economies increased their share of FDI by 43%, primarily at the expense of developed nations.

 

• $ 5.5 trillion in economic activity is forecast for the Travel & Tourism industry, equivalent to 9.4% of the global GDP, and more than 219,810,000 jobs, or 7.6% of total employment.

 

• 3.3 % decline is estimated for the Travel & Tourism Economy in 2009. After four years of growth averaging 3.6% per annum, GDP growth for the industry slowed to just 1.0% in 2008. A third difficult year is now forecast for 2010, with the Travel & Tourism economy expected to expand by only 0.3%.4

 

• 924 milion international tourist arrivals for 2008. A total 2% growth compared to 2007 resulted from a 5% increase during the first half of the year and a 1% decline in the second half of the year, compared to the same periods in 2007.

 

• 4% Growth in real GDP is projected on an average annual basis for the global Travel & Tourism Economy over the next 10 years. Following an expected 3.5% decline in 2009, the industry expansion will add 56 million new Travel

& Tourism jobs worldwide during the next decade.