The global travel & tourism market is expected to reach US$ 13,556.4 Bn by 2027, expanding at a CAGR of 5.2% from 2019 to 2027. The market is segmented by regions into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.
A Caribbean airline that helps bind together the region's many island nations has been saved from going under -- at least for now -- by a rescue plan led by the government of Antigua and Barbuda.
Travel booking company Expedia was fined over $300,000 for breaching U.S. sanctions by selling Cuba travel tours and packages, according to a U.S. Department of the Treasury report released Thursday.
Airbnb has launched Adventures, an expansion of Airbnb Experiences that includes the opportunity for guests to channel their inner Phileas Fogg and travel around the world in 80 days.
Fosun is already the largest shareholder in Thomas Cook, while the Chinese company also owns the Club Med holiday business.
Now, many of these small entrepreneurs are left wondering what the future of their businesses will be like with fewer visitors from the neighboring country.