news
global leadership
PCMA Announces Plans for Global Growth
New and Expanded Leadership Structure for APAC, EMEA and LATAM Regions.
business intelligence
IACC Americas Connect 2021
Takes Place Using MultiPOD Format.
Hotel news
Qatar to open 105 new hotels
as it gears up for FIFA World Cup 2022.
hotel news
InterContinental hotel in the works for Montenegro
InterContinental hotel in the works for Montenegro

Online Promotions with Alliances
Invited Seoulites to Lift up the MICE Industry.
30 nov - 2 dec 2021
IBTM World Launches Hosted Buyer Registration
- Event will take place in a hybrid format.
new job
Events Industry Council
appoints Director of Certification.
15th year
Union of International Associations (UIA)
opens registration for its hybrid Associations Round Tables Asia-Pacific and Europe 2021.
22-24 November 2021
Smart Cities & Sport Summit 2021
in Copenhagen.
new job
MCI names Oscar Cerezales
Chief Strategy Officer.
RSS
rss_icon
Links
European Tourism in 2011 - Trends & Prospects (Q3/2011)

The European Travel Commission (ETC) has just published its third quarterly report on European Tourism in 2011 - Trends & Prospects. The following gives a brief overview of the report for the third quarter of 2011:

  • "Signs of economic weakness have led us to revise down our global economic growth forecast to 2.8% in 2011 and 3.1% in 2012 (at market exchange rates)."
  • "And risks to this forecast are skewed to the downside, coming from three different fronts: i) an escalation of the Eurozone debt crisis including financial contagion, ii) the possibility that the US falls back into recession, and iii) a hard landing in the emerging economies and China in particular. Each of these three scenarios could be sufficient to tip the world back into recession."
  • "On the whole, the travel recovery is continuing. However, the rate of expansion is slowing with few exceptions."
  • "European airlines have experience robust demand growth through September. With only one exception, weekly growth rates have been above 6% and have averaged a rate of nearly 8% over this period. And seat capacity has nearly kept pace with demand, producing stable load factors."
  • "Through August, room demand has grown nearly 4% and been especially strong in Eastern and Southern Europe, with occupancy rates up 7.3% and 5.2%, respectively. Although occupancy growth has been relatively weak in Western Europe (2.4% YTD), room rates have performed well above average, growing 4.8%."
  • "By the end of 2011, we expect international visits to Europe to have surpassed records set in 2008."
  • "However, the economic landscape presents a challenging environment for travel. We expect European inbound travel to slow markedly, to 2.3% in 2012 from 5.6% in 2011. The core Eurozone countries are most exposed to the downturn and are projected to experience."