{"id":634,"date":"2022-07-21T09:17:10","date_gmt":"2022-07-21T09:17:10","guid":{"rendered":"https:\/\/ttw.com.bd\/?p=634"},"modified":"2022-07-21T09:17:11","modified_gmt":"2022-07-21T09:17:11","slug":"travel-recovery-surpasses-expectations","status":"publish","type":"post","link":"https:\/\/ttw.com.bd\/?p=634","title":{"rendered":"Travel recovery surpasses expectations"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><em>International travel is fast recovering beyond expectations<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">International travel is fast recovering beyond expectations, according to industry leaders during WTTC\u2019s 21st Global Summit in Manila last month.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Marriott International group president, Craig Smith, enthused: \u201cWe have been blown away by how fast we have recovered. We have missed every forecast in every place when those gates opened. I\u2019ve been through four to five downturns in my career \u2013 I\u2019ve never seen a recovery this fast.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Hotels\u2019 average rates are also speeding ahead.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIn the past, it was three years to recover these average rates,\u201d Smith added.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Surprisingly, the luxury travel segment leads the pack.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cEveryone is shocked at the pace luxury travel returns when everyone was expecting it to be impaired. Pricing growth in top-end luxury resorts is stronger than any other segments globally,\u201d said IHG group CEO Keith Barr.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Barr attributed the luxury tourism\u2019s return to the strength of consumers in general. After two years, the cost did not matter \u2013 they just wanted to travel.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">HotelPlanner and meetings.com CEO, Tim Hentschel, noted \u201chuge rebound\u201d in weddings while sports tourism was the first to recover in the US and around the world.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe younger generations have driven back the interest to travel internationally, not necessarily in all countries. Millennials have the highest and most sustained levels of interest to travel, hence, they\u2019re still the engine of travel around the world regardless of their region,\u201d Hentschel explained.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Rajah Travel president and chairperson, Aileen Clemente, said \u201cbleisure and luxury are the travel segments growing more\u201d although \u201cthe pace of recovery is not the same everywhere in the world\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Clemente added that recovery depends on factors, including the destinations\u2019 location, visa and vaccination protocols, and anticipated fear of being stuck in a country due to a lack of transparent procedures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>International travel is fast recovering beyond expectations International travel is fast recovering beyond expectations, according to industry leaders during WTTC\u2019s<\/p>\n","protected":false},"author":1,"featured_media":619,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[],"class_list":["post-634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news"],"_links":{"self":[{"href":"https:\/\/ttw.com.bd\/index.php?rest_route=\/wp\/v2\/posts\/634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ttw.com.bd\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ttw.com.bd\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ttw.com.bd\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ttw.com.bd\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=634"}],"version-history":[{"count":1,"href":"https:\/\/ttw.com.bd\/index.php?rest_route=\/wp\/v2\/posts\/634\/revisions"}],"predecessor-version":[{"id":635,"href":"https:\/\/ttw.com.bd\/index.php?rest_route=\/wp\/v2\/posts\/634\/revisions\/635"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ttw.com.bd\/index.php?rest_route=\/wp\/v2\/media\/619"}],"wp:attachment":[{"href":"https:\/\/ttw.com.bd\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ttw.com.bd\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ttw.com.bd\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}