- Travel and Tourism does not prosper in times of economic uncertainty or weak consumer sentiment, but are we beginning to see signs that the worst may be over?
- The International Air Transport Association (IATA) last week halved its loss forecast for 2010 to $2.2 billion (2009 losses were $9.4 billion). The improvement IATA says, is largely driven by a much stronger recovery in demand seen by year end gains that continued into the first months of 2010. Mind you the greater gains are being made in the Asia-Pacific and Latin American regions, with European carriers expected to turn in losses of $2.2 billion and North American carriers showing red ink to the tune of $1.8 billion.
- Irish tourism's big source markets are Great Britain, the United States, Germany, France, Italy and Spain, providing over 75% of all overseas visitors. The domestic market is also vitally important, providing as it does over 60% of bednights in Irish hotels.
- Jim Power, one of Ireland's most respected Economists, had a look at these markets for ITIC and he has some interesting views to share about how advanced or otherwise recovery may be this year and beyond.
- CLICK HERE to read his opinion.
- If you would like to comment on anything you've read here, VISIT OUR BLOG!
March 24th 2010
ITIC Blog - Have Your Say!
| 08-May-2013 | | Solid performance from Australia | | Long haul markets are forming an increasingly important part of Ireland’s overseas visitor numbers. Australia and New Zealand provided over 130,000 visitors last year. To look at this and cons... |
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| - 09-May-2013 | | That is good news from Australia.
Other long-haul markets, such as the US, Canada, the Middle East, China and Brazil etc. are also beginning to "compete" with some of Ireland's stagnant source market... |
| 11-Apr-2013 | | New ITIC Chairman Elected | | Paul Carty was today elected Chairman of ITIC for a 2 year term. Paul is Managing Director of the Guinness Storehouse, Ireland’s largest visitor attraction which welcomed over 1.1 million visito... |
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| 09-Apr-2013 | | Eating out is back on the menu | | Eating out appears to be undergoing a minor resurgence in Ireland with almost a quarter of this year’s top 100 restaurants, as named by a local publisher, having opened only recently. Read the full ... |
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