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Travel Daily News
a day ago
- Business
- Travel Daily News
Italy set to break tourism records
Italy's tourism sector will hit record 60.4bn euros in international spending in 2025, driving jobs, growth, and global recognition through WTTC Summit. ROME, ITALY – Travel & Tourism in Italy is poised for a record-breaking year, with international visitor spending forecast to hit an all-time high of 60.4bn euros in 2025, according to new data from the World Travel & Tourism Council (WTTC). Travel & Tourism is not just back, it's booming. After a strong recovery from the pandemic, Italy is racing ahead, cementing its place as Europe's fourth most popular destination and a global powerhouse of wellness, luxury, culture, culture and cuisine. According to WTTC's latest Economic Impact Research (EIR), the sector is on track to support 3.2mn jobs in 2025 — 100,000 more than last year — and contribute 237.4bn euros to the Italian economy, nearly 11% of GDP. Domestic tourism remains robust, with spending projected to reach 124.6bn euros. Julia Simpson, WTTC President & CEO, said 'Italy is back at the top of travellers' wish lists and for good reason. From the timeless beauty of Rome to the elegance of its coastlines, and countryside, Italy offers a unique experience steeped in history, culture, and exquisite luxury. This record-breaking growth is a tribute to the strength of Italy's Travel & Tourism sector and the passion of the people behind it. 'Our Global Summit in Rome will bring together leaders who are shaping the future. From Ministers and CEOs to innovators and sustainability champions. Italy stands as a model of how Travel & Tourism can power prosperity, cultural pride, and sustainable growth.' A Government Committed to Tourism Since 2021, Italy has stood out apart among European and G20 countries with a dedicated Ministry of Tourism, demonstrating a powerful sign of political recognition for the sector's economic and social value. The Italian Government has also prioritised sustainability, innovation, and skills, while launching new national campaigns to encourage travellers to discover lesser-known destinations, spreading the benefits of tourism more evenly and responsibly. Minister of Tourism, Daniela Santanchè, said: 'For the first time, we have brought to Rome, and brought back to Europe after six years, the world's largest event in tourism: the WTTC Global Summit, which sees the participation of key international leaders in the sector. 'It represents an important moment for the industry and for Italy and is a sign of how much ground we have regained and how we have returned to being protagonists on the global stage, so much so that we have the honour and privilege of hosting events of such prestige. Especially in a year already so stimulating for Italian tourism, with the ongoing Jubilee and the record figures we are registering, the summit further projects our capital and our nation towards continuous growth. 'The WTTC Global Summit will offer a unique opportunity to network and create new synergies among operators, associations, and institutions, developing the product, the offer, and the potential of our tourism ecosystem. And, ultimately, to be increasingly competitive and successful.' Manfredi Lefebvre, Executive Chairman of AKTG, Abercrombie & Kent and Crystal Cruises and WTTC Chair-Elect, added: 'As Italy prepares to host the WTTC's 25th Global Summit, we celebrate not only our remarkable recovery from the pandemic but also the vibrant future of our Travel & Tourism sector. This growth is a testament to our commitment to sustainability, innovation, and the shared passion of our communities. Together, we will continue to shape a prosperous and culturally rich experience for travellers from around the globe.' 2024 in Review Last year, the sector contributed 228.5bn euros to the Italian economy and supported 3.1mn jobs. Domestic spending hit 122.6bn euros, while international visitor spending reached 55.2bn euros. With the right investment in connectivity, skills and promotion, Italy is poised to become the blueprint for tourism-led growth in Europe. What's Next: 2035 and Beyond Looking ahead, WTTC forecasts the sector will contribute 282.6bn euros to Italy's economy by 2035, 12.2% of GDP, and support 3.7mn jobs. International visitor spending is projected to reach 78bn euros, with domestic spending hitting 142.5bn euros. What This Means for SMEs As the Italian tourism economy enters a new era of growth, opportunities for small and medium-sized enterprises are expanding rapidly. In association with the Ministry of Tourism, the Italian National Tourist Board (ENIT), the Municipality of Rome, and the Lazio Region, WTTC's 25th Global Summit will take place at the Auditorium Parco della Musica, from the 28th to the 30th of September 2025.
Gulf Today
3 days ago
- Business
- Gulf Today
France announces plan to boost tourism revenues to $117.47 billion
French Prime Minister François Bayrou announced a strategic plan aiming to increase international tourism revenues in France to €100 billion ($117.47 billion) annually by 2030 - a rise of €29 billion compared to the €71 billion in revenue recorded in 2024. During a meeting of the Interministerial Tourism Committee held in the city of Angers, Bayrou unveiled a package of measures designed to strengthen France's position in the global tourism market. Although France topped the list of countries in terms of foreign visitor numbers in 2024 - with 100 million tourists - it ranks only fourth worldwide in international tourism revenues, behind countries such as Spain, which earned €126 billion in revenues despite welcoming fewer visitors. Experts attribute this disparity to the shorter average stay of tourists in France, which limits their overall spending. French Tourism Minister Nathalie Delattre explained that the tourism sector accounts for 8 per cent of France's GDP, equivalent to €200 billion, and provides 2 million non-relocatable jobs, making it a strategic pillar of the national economy. Meanwhile the French Ministry of Economy announced today that the projected public deficit for 2026, initially estimated at 4.6 per cent of the country's GDP, will see a slight increase but will remain below the 5 per cent threshold. The ministry, alongside the Ministry of Finance and Public Accounts, stated that this adjustment will be factored into the preparation of the 2026 budget, which will soon be under discussion. In October, France submitted its medium-term financial plan to the European Commission, outlining its commitment to reducing the public deficit to 2.8 per cent by 2029, while maintaining the primary goal of bringing it below 3 per cent in accordance with European fiscal rules. Meanwhile, the French Parliament today approved the 2025 state budget in a final vote in the Senate, concluding a legislative process that faced hurdles, particularly after the bill was suspended in December following a regulatory decision by the government of Michel Barnier. The newly adopted budget includes austerity measures worth €50 billion, aimed at reducing the public deficit to 5.4 per cent of GDP in 2025, down from the approximately 6 per cent deficit expected for 2024. The Ministry of Economy stressed that achieving this target is 'essential', noting that budget implementation will be closely monitored to ensure compliance with ministerial allocations and to take any necessary corrective measures. Additionally, the French government has revised its economic growth forecast for 2025, lowering it from 1.1 per cent to 0.9 per cent. France's Travel & Tourism sector reached new historic heights in 2024 and is on track to exceed this exceptional performance throughout 2025, according to new data from the World Travel & Tourism Council (WTTC). The latest Economic Impact Research (EIR), produced in collaboration with Oxford Economics, confirms that in 2024, Travel & Tourism in France surpassed all previous records across economic contribution, employment, and visitor spending, solidifying the country's leadership as the world's most visited destination. The sector contributed €266.2 billion to the French economy, 10.1 per cnet above 2019 levels and equivalent to 9.1 per cent of the national GDP. Travel & Tourism also supported three million jobs, employing 300,000 more people than in 2019. International visitor spending reached €72.5 billion, while domestic visitor spending climbed to €142.1 billion, reflecting strong and balanced demand, seeing a hike of 7.1 per cent and 5.7 per cent on peak levels, respectively. According to WTTC projections, 2025 is expected to continue this upward trajectory and improve on the previous year's historic peak across all analysed metrics. The sector is forecast to contribute €274.2 billion to the GDP, increasing to 9.3 per cent share of the economy, while employment is expected to reach 3.1 million jobs – nearly 1 in 10 people employed by Travel & Tourism in France. International visitor spending is projected to rise to €75.1BN, with domestic spend reaching €144.2 billion. This enduring performance highlights France's strong tourism fundamentals, from world-class cultural and leisure assets to robust transport infrastructure and sustained government support. Julia Simpson, WTTC President & CEO, said: 'France continues to set the pace for Travel & Tourism worldwide. After a historic 2024, the sector is expected to maintain its growth into 2025 and beyond. 'The successful hosting of the Olympic and Paralympic Games showcased France on the global stage, reinforcing its reputation as a premier destination with the capacity to deliver exceptional experiences at scale. France remains a beacon for travellers globally.' Agencies
Hospitality Net
4 days ago
- Business
- Hospitality Net
Italy Set to Break Tourism Records as Rome Prepares to Host WTTC's 25th Global Summit
Rome, Italy - Travel & Tourism in Italy is poised for a record-breaking year, with international visitor spending forecast to hit an all-time high of €60.4BN in 2025, according to new data from the World Travel & Tourism Council (WTTC). Travel & Tourism is not just back, it's booming. After a strong recovery from the pandemic, Italy is racing ahead, cementing its place as Europe's fourth most popular destination and a global powerhouse of wellness, luxury, culture, culture and cuisine. According to WTTC's latest Economic Impact Research (EIR), the sector is on track to support 3.2MN jobs in 2025 — 100,000 more than last year — and contribute €237.4BN to the Italian economy, nearly 11% of GDP. Domestic tourism remains robust, with spending projected to reach €124.6BN. Italy is back at the top of travellers' wish lists and for good reason. From the timeless beauty of Rome to the elegance of its coastlines, and countryside, Italy offers a unique experience steeped in history, culture, and exquisite luxury. This record-breaking growth is a tribute to the strength of Italy's Travel & Tourism sector and the passion of the people behind it. Our Global Summit in Rome will bring together leaders who are shaping the future. From Ministers and CEOs to innovators and sustainability champions. Italy stands as a model of how Travel & Tourism can power prosperity, cultural pride, and sustainable growth. Julia Simpson, WTTC President & CEO A Government Committed to Tourism Since 2021, Italy has stood out apart among European and G20 countries with a dedicated Ministry of Tourism, demonstrating a powerful sign of political recognition for the sector's economic and social value. The Italian Government has also prioritised sustainability, innovation, and skills, while launching new national campaigns to encourage travellers to discover lesser-known destinations, spreading the benefits of tourism more evenly and responsibly. For the first time, we have brought to Rome, and brought back to Europe after six years, the world's largest event in tourism: the WTTC Global Summit, which sees the participation of key international leaders in the sector. It represents an important moment for the industry and for Italy and is a sign of how much ground we have regained and how we have returned to being protagonists on the global stage, so much so that we have the honour and privilege of hosting events of such prestige. Especially in a year already so stimulating for Italian tourism, with the ongoing Jubilee and the record figures we are registering, the summit further projects our capital and our nation towards continuous growth. The WTTC Global Summit will offer a unique opportunity to network and create new synergies among operators, associations, and institutions, developing the product, the offer, and the potential of our tourism ecosystem. And, ultimately, to be increasingly competitive and successful. Minister of Tourism, Daniela Santanchè As Italy prepares to host the WTTC's 25th Global Summit, we celebrate not only our remarkable recovery from the pandemic but also the vibrant future of our Travel & Tourism sector. This growth is a testament to our commitment to sustainability, innovation, and the shared passion of our communities. Together, we will continue to shape a prosperous and culturally rich experience for travellers from around the globe. Manfredi Lefebvre, Executive Chairman of AKTG, Abercrombie & Kent and Crystal Cruises and WTTC Chair-Elect 2024 in Review Last year, the sector contributed €228.5BN to the Italian economy and supported 3.1MN jobs. Domestic spending hit €122.6BN, while international visitor spending reached €55.2BN. With the right investment in connectivity, skills and promotion, Italy is poised to become the blueprint for tourism-led growth in Europe. What's Next: 2035 and Beyond Looking ahead, WTTC forecasts the sector will contribute €282.6BN to Italy's economy by 2035, 12.2% of GDP, and support 3.7MN jobs. International visitor spending is projected to reach €78BN, with domestic spending hitting €142.5BN. What This Means for SMEs As the Italian tourism economy enters a new era of growth, opportunities for small and medium-sized enterprises are expanding rapidly. To explore what this boom means for Italy's dynamic SME sector, and why now is the moment to act, visit the WTTC Together in Travel platform. In association with the Ministry of Tourism, the Italian National Tourist Board (ENIT), the Municipality of Rome, and the Lazio Region, WTTC's 25th Global Summit will take place at the Auditorium Parco della Musica, from the 28th to the 30th of September 2025. For more information and to access the full factsheet, please visit WTTC's Research Hub. About WTTC The World Travel & Tourism Council (WTTC) represents the global travel & tourism private sector. Members include 200 CEOs, Chairs and Presidents of the world's leading travel & tourism companies from all geographies covering all industries. For more than 30 years, WTTC has been committed to raising the awareness of governments and the public of the economic and social significance of the travel & tourism sector. WTTC Press Office WTTC View source
The Hindu
5 days ago
- Business
- The Hindu
Natco Pharma's Hyderabad API plant receives EIR from U.S. FDA
Generic drugmaker Natco Pharma has received an establishment inspection report from the U.S. Food and Drug Administration for its active pharmaceutical ingredient manufacturing facility in Hyderabad. The U.S. FDA had inspected the API facility, in Mekaguda here, from June 9-13 and issued Form 483 with one observation. The regulator had classified it as 'voluntary action indicated' (VAI), the company said on Thursday, announcing issue of the EIR. Natco Pharma shares closed 3.58% lower at ₹997.70 each on the BSE.
Business Standard
5 days ago
- Business
- Business Standard
Natco Pharma receives USFDA EIR for Hyderabad API facility
Natco Pharma informed that the U.S. Food and Drug Administration (US FDA) has issued an EIR for its active pharmaceutical ingredient (API) division located in Mekaguda, Hyderabad, Telangana. The US FDA had conducted an inspection at the companys aforementioned unit from 9 June to 13 June 2025. Post the inspection, the company received one observation in Form-483, which was classified as voluntary action indicated (VAI). In a regulatory filing made during market hours today, Natco Pharma announced that it has received an establishment inspection report (EIR) for its API facility located in Mekaguda. NATCO Pharma, headquartered at Hyderabad, India, develops, manufactures and distributes generic and branded pharmaceuticals, specialty pharmaceuticals, active pharmaceutical ingredients and crop protection products. The companys consolidated net profit increased 5.3% to Rs 406.60 crore on a 14.3% jump in revenue from operations to Rs 1,221 crore in Q4 FY25 over Q4 FY24. Shares of Natco Pharma slipped 3% to Rs 1,003.75 on the BSE.
