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Travel Weekly Group Ltd

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Alvarez & Marsal appoints MD to co-lead…

🚀 Jorge Gilabert appointed as Managing Director to co-lead the Travel, Hospitality and Leisure practice at Alvarez & Marsal (A&M) in Europe. With over 15 years' experience, Gilabert, based in Spain, aims to drive strategic transformations in tourism and hospitality. Known for leading significant business turnarounds and M&A processes, he notably worked with CEO Federico Gonzalez on the strategic transformations of NH Hotels, Radisson Hotels, and Louvre Hotel Group. Previously a Partner at Monitor Deloitte in Spain, Gilabert expanded the consumer industries sectors and led strategic projects across various consumer-focused industries. Ed Bignold, head of A&M’s THL Practice, anticipates expanding geographic reach and capabilities with Gilabert’s expertise.
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Hunger for adventure drives innovation in…

🚀 World Travel Market London research indicates a growing global middle class is driving demand for new, adventurous holiday experiences. WTM Global Travel Report, with Oxford Economics, notes shifts in traditional travel norms, with activities like volcano-boarding in Nicaragua and shark cage-diving in South Africa gaining popularity. Soft adventure activities dominate, but hard adventure activities are attracting wealthier thrill-seekers. Tourism Economics found a 29% increase in adventure travel interest, 34% in rural/nature tourism, and 57% in exploring new destinations compared to five years ago. Smaller countries like Armenia and Serbia, as well as African safari destinations, are expected to grow in tourism. Saudi Arabia and Albania saw 80% and 74% visitor growth in 2024 from 2019. The 'experience economy' is expanding, with Gen Z and Millennials prioritizing experiences over goods, promising a positive travel outlook.
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Global overnight arrivals exceed 1.5…

🏖️ International tourism arrivals are expected to hit 1.5 billion in 2024, a growth surpassing 2019's numbers, as reported by the WTM Global Travel Report and Tourism Economics at World Travel Market London. By 2030, overnight tourism arrivals could increase by over 30% to two billion. Leisure tourism expenditure in 2024 is estimated to reach over US$5.5 trillion, a 24% increase from 2019. Travel spending as a percentage of consumer spending is up to 8.8% in 2024 from the 8.2% average of 2010-2019. Overnight stays in paid accommodations in 2024 are projected to be 7% above 2023 and 16% above 2019, with the average length of stay for international trips up by 12% compared to 2019.
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