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Hotel News
World’s tallest hotel opens in Dubai 2024
The Ciel Tower hotel will soar 365 metres into the sky with 82 floors of luxury suites and serviced residences.
Hotels & Resorts
Accor Announces Global Launch of Its All-Inclusive Collection
Accelerating its expansion in the fast-growing market with a unique platform of multi-branded luxury and premium offers.
Hotel news
Ambitious Plans for Spectacular Scandic Holmenkollen Park
Modernised hotel reopens with 376 rooms and room for 1,200 conference visitors.
Changing of the guard
Peter King
to depart after 11 successful years.
hotel news
Hotel Sustainability Basics Launched at Leading Industry Summit in Manila
Set to drive responsible travel and tourism and to help every hotel address and improve their environmental impact.
hotell news
Scandic to Open Third Hotel in Tromsø
New hotel planned for 2025, with 305 rooms on 12 floors in the new Vervet area.

Global Business Travel’s Landmark Sustainability Study Reveals
What It Will Take to Get to a Greener Future.
Covid-19-Award
Double gold for Austria Center Vienna
at German Stevie Awards
The man, the myth, the legend
Patrick Delaney Honoured With Hall of Fame Award
Travel trade veteran receives 2022 Hall of Fame award at annual AIPCO conference.
hotelnews
Scandic Kiruna
first commercial enterprise to open in new city center.
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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.