Tourism Economics
Global cruise industry heads towards 40 million passengers
CLIA forecasts 40.3 million ocean-going cruise passengers in 2027, following a record 37.2 million in 2025. North America remains the largest source market, while Asia is expanding and Europe retains a major share of cruise deployments.
Bangladesh revamps tourism strategy as regional rivals dominate South Asian travel market
Home to the world’s longest natural sea beach at Cox’s Bazar, the enigmatic mangrove wilderness of the Sundarbans, and a tapestry of ancient archaeological wonders, Bangladesh possesses all the raw materials of a South Asian powerhouse.
Cuba tourism collapses 62% as fuel shortages and grid failures shut hotels
Cuba’s tourism industry is facing a severe contraction, with international arrivals falling 62% in the first seven months of 2026
Saudi Arabia’s International Leisure Tourism Set to Surge 93% by 2030
Saudi Arabia’s International Leisure Tourism Set to Surge 93% by 2030
Saudi Arabia’s tourism boom is far from over: Leisure travel to jump 93% by 2030
International visitors are approaching half of all nights spent in the Kingdom, while leisure’s share of international visitor spending is forecast to reach 31% by the end of the decade.
Vietnam tourism economy surges as corporate travellers double leisure spend
Mastercard Economics Institute chief economist David Mann has outlined a compelling shift in regional travel dynamics, particularly for Vietnam.
Nations rewrite tourism playbooks as inflation and anti-tourism impede summer travel
We lay out the issues the tourism sector is currently facing for the summer of 2026 and what this will mean for the industry moving forward.
World Cup tourism spending surges as expanded 48-nation roster drives record attendance
It cannot be denied that the World Cup has proven itself yet again to be a driving factor in the growth of global sports tourism.
International travel demand spikes as BTS fans mobilise for global tour
Experts and industry watchers point out that the BTS world tour stands to earn up to US2 billion in total revenues by the time it ends in March next year.
ITB China: Luxury and adventure tourism sectors surge as visa-free policies drive record foreign arrivals
Travel Daily Media was on-site at the 2026 edition of ITB China at the Shanghai World Expo Exhibition and Convention Centre in Pudong, Shanghai, China from 26th to 28th May.
China steps up mass tourism push as visa-free policies spark 50% surge in foreign arrivals
Recent reports featured at ITB China yesterday, 26th May, reveal that the Asian giant’s tourism industry grew significantly over the past year.
Central Asia tourism revenues surge as China expands Belt and Road investments
Central Asia is often seen as one of the final frontiers of human civilisation: vast domains where human settlements remain few and far between.
Event costs soar as oil prices top $100 amid regional instability
While official estimates have yet to be provided for the MICE and business events sectors, the numbers alone already paint a chilling picture of the potential scenario.
Travel industry growth to outpace global economy: WTM Global Travel Report
Released on the first day of WTM London, the report says: “Over the next decade, the industry is on track
Two Philippine travel trade events generate billions in sales leads
The Philippine Tourism Promotions Board (TPB) reports that two of the Philippines’ leading travel trade events have generated over PHP1 billion in confirmed sales leads.
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- Michelin guide faces growing backlash as destinations battle gentrification and steep inspector fees
- Global hospitality embraces universal design as demand from older, disabled travellers surges
- Global cruise industry heads towards 40 million passengers
- Club Med Cherating closes after 47 years
- Vietjet launches new routes with USD0 fares
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