The latest WTM Global Travel Report, presented at WTM London 2023, reveals encouraging trends for the global tourism industry. Consumers worldwide are increasingly prioritizing leisure travel in their discretionary spending, signaling a positive outlook for the post-pandemic travel landscape.

Since relaunching flights to Melbourne in October 2017 and Sydney in June 2020, close to a million passengers have travelled with SriLankan Airlines to Australia.

Lorenz is also a leader in the sustainable travel space, championing the expansion of electric vehicle infrastructure across Michigan.

Carnival shares rose 14% to a more than 1-year high in early trading on Monday while Norwegian Cruise gained nearly 8%. Royal Caribbean was up more than 3% to $94 per share.

In 2022, visitors to the special administrative region (SAR), the lone Chinese territory where gaming is permitted, spent $15.58 billion, according to the World Travel and Tourism Council (WTTC).

In 2022, Indonesia was home to one of the most significant events in the global political calendar, the G20 summit.

In 2022, the region notched 3.7% GDP growth overall; however, growth was uneven as it typically is across a region with such a wide variety of government policies and pandemic recovery protocols.