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Talking Business

Talking Business
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Talking Business

for many consumers in europe, and it has to do with a trend to experience new types of tourism. i think that there are people now looking at sun and beach and something else, and these can be done notjust in the summer, in the peak summer months, but it can also be done injune, in may, in september, in october. and i think that this is actually a good thing. how much of a problem is that, miguel, for an economy, let's say greece, where some estimates say that tourism is worth about a fifth of their economy? to have these unpredictable problems like wildfires on this scale, i'mjust wondering, again, what's the wider economic impact? the impact on the travel sector, it's also important, but the real problem is for the local communities and the local businesses and the local residents of those countries. and i think that these episodes of extreme weather conditions

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Talking Business

importance to their economy. and, willie, it's notjust europe that's seeing aviation disrupted because of extreme weather. in the us, the faa, the federal aviation authority, recently said that wildfires are causing more delays than rain orfog. in the us, we have seen significant disruption as well. i think the problem in the us is compounded by a shortage of air traffic controllers. so it's notjust one issue, it's the combination of a couple of issues that are having a major impact on operations there. but, you know, without question, this year, we're experiencing, if you like, a different level of disruption and different causes of disruption than maybe last year. and, willie, just to put this all into context, i mean, all of this comes at a time when the aviation industry is onlyjust getting back on its feet after almost, what, $200 billion of losses caused by covid? in may, traffic was, what, 96% of pre—covid levels? is that recovery now

Wildfires , Weather , Economy , Notjust-europe , North-america , Aviation , Willie-walsh , Importance , Delays , Federal-aviation-authority , Rain-orfog , Faa

Talking Business

and tourism patterns could also have a broader impact. that industry is expected to make up 9.2% of the global economy as it continues its post—covid bounce—back. crucially, it's also expected to account for 320 millionjobs. that's almost one in ten jobs on this planet, everything from tour guides to pilots. so the wildfires, such as those on the greek island of rhodes, and the extreme heat across europe, they're not just ruining holidays. the cancellations and evacuations means less money is being spent on everything from flights to sightseeing and businesses and livelihoods are being ruined. now, we don't have money to do something to rebuild the restaurant. we spend a lot of money this winter to change everything, to rebuild the restaurant. and three months now, we've finished and everything is bad. translation: the immediate

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Talking Business

complete or notjust yet? no, not just yet. we're still waiting to recover traffic within asia and traffic between europe and asia, north america and asia. that's slowly recovering. it's at about 70% of where it was in 2019, so there's still room for recovery there. and i think the recovery there has been a bit slower than we had expected at one level, but surprising at the other because we didn't expect china to open in january. all of the expectation was china wouldn't reopen until around now, so i think that took people a little bit by surprise. and there are still some... not so much restrictions, but a lot of paperwork to fill in if you're travelling to china. but, you know, there is scope for further recovery in the industry and that's, i think, positive going into 202a. you recently doubled your forecast forjust how much profit the airline industry is going to make

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Talking Business

if this changes, we will see different patterns of travel. also, an ageing population in europe that has more free time, and they may choose not to travel during the peak season, notjust because of the heat but also because of over—tourism and too many people in one destination at a given time. so we will see people trying to travel to cities like amsterdam or berlin or venice or rome in other times of the year, because they have the possibility, retirees or students or families, if school holidays are phased across the year or are distributed across the year. well, on that point, miguel sanz, the big boss of the european travel commission, thanks forjoining me. good luck with everything and i'll check in with you soon. bye—bye, then!

European-domestic-travel , Heat , Notjust , Notjust-europe , Changes , Population , Patterns , Season , People , Destination , Over-tourism , Cities

Talking Business

future is uncertain for all our. employees and for the local community, as well as those working in hotels and tourism generally. we still don't know how the tour operators or the visitors from abroad will respond. we are depending on tourists. we are 100% a tourist destination. _ everything living - here involve tourists. so our biggest fear - is...the tourists to come. and it's notjust europe that's witnessing the dramatic effects of climate change. right across the united states, there's been, in recent weeks, oppressive heat, which has been a major concern from, well, new york to california, leading to heat alerts for more than half the population. the us, of course, it's one of the world's most visited countries and also has a lot of internal holiday—makers. so as our very own michelle fleury explains from new york, there are concerns for travel and tourism.

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Talking Business

and everything is bad. translation: the immediate future l is uncertain for all our employees l and for the local community, as well as those working in hotels and tourism generally. we still don't know how the tour operators or the visitors from abroad will respond. we are depending on tourists. we are 100% a tourist destination. everything living - here involve tourists. so our biggest fear - is...the tourists to come. and it's notjust europe that's witnessing the dramatic effects of climate change. right across the united states, there's been, in recent weeks, oppressive heat, which has been a major concern from, well, new york to california, leading to heat alerts for more than half the population in the us. the us, of course, it's one of the world's most visited countries and also has a lot of internal holiday—makers.

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Talking Business

have a broader impact. that industry is expected to make up 9.2% of the global economy as it continues its post—covid bounce—back. crucially, it's also expected to account for 320 million jobs. that's almost one in ten jobs on this planet, everything from tour guides to pilots. so the wildfires, such as those on the greek island of rhodes, and the extreme heat across europe, they're notjust ruining holidays. the cancellations and evacuations means less money is being spent on everything from flights to sightseeing and businesses and livelihoods are being ruined. now, we don't have money to do something to rebuild the restaurant. we spend a lot of money this winter to change everything, to rebuild the restaurant. and three months now, we've finished

More-sustainable-travel-industry , Let-s-say-greece , Impact , Jobs , Bounce-back , 9-2 , 320-million , Wildfires , Everything , Heat , Notjust-europe , One

Talking Business

complete or notjust yet? no, not just yet. we're still waiting to recover traffic within asia and traffic between europe and asia, north america and asia. that's slowly recovering. it's at about 70% of where it was in 2019, so there's still room for recovery there. and i think the recovery there has been a bit slower than we had expected at one level, but surprising at the other because we didn't expect china to open injanuary. all of the expectation was china wouldn't reopen until around now, so i think that took people a little bit by surprise. and there are still some...not so much restrictions, but a lot of paperwork to fill in if you're travelling to china. but, you know, there is scope for further recovery in the industry and that's, i think, positive going into 202a.

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