Published Date: February 24, 2025
Author: HANetf
According to the latest World Tourism Barometer from UN Tourism, published January 20, an estimated 1.4 billion tourists travelled internationally in 2024, indicating a virtual recovery (99%) of pre-pandemic levels. This represents an increase of 11% over 2023, the report explains, or 140 million more international tourist arrivals, with results driven by strong post-pandemic demand, robust performance from large source markets and the ongoing recovery of destinations in Asia and the Pacific.
In today’s thriving “experience economy,” consumers increasingly value life experiences over material goods, explains a recent Forbes article, which is a positive outlook for the overall industry as we head into the new year. Unforgettable adventures often come with travel, so it is no surprise that the travel industry is booming. The World Travel & Tourism Council recently estimated that travel levels will increase an average of 5.8% through 2032, a rate more than double the forecast for overall economic growth.
Hundreds of millions of Chinese crisscross the country during the Lunar New Year holidays each year to reunite with families back in their hometowns or for sight-seeing during an extended festive period, making it the world’s largest annual human migration, writes Reuters. Officials are expecting a record 9 billion domestic trips during the 40-day period, an increase from the around 8.4 billion trips logged last year.
Royal Caribbean’s quarterly profit topped expectations again, and the outlook for the current quarter is above forecasts, writes MarketWatch on January 28. “Close-in demand in the fourth quarter remained strong on both a rate and volume basis,” the company said. “Bookings have accelerated since the last earnings call, resulting in the best five booking weeks in the company’s history.” For 2025, the company expects net yields to be up 2.5% to 4.5% and sees adjusted EPS of $14.35 to $14.65, the article explains.
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