International travel has returned to its highest point since the start of the global pandemic, according to the World Travel and Tourism Council.
More than 63 per cent of people plan to take an overseas leisure trip in the next 12 months, says the latest report conducted by YouGov for WTTC.
The global survey questioned about 26,000 people in 25 destinations.
It also found that the return of international travel shows no signs of slowing, with more than a quarter of consumers — 27 per cent — planning three or more trips next year.
It's Australians that plan to spend the most on travel next year, with the nation topping the survey's list of highest expenditure.
The Australian government implemented some of the longest-running restrictions during the Covid-19 pandemic, effectively restricting international travel for nearly two years. Holidaymakers from Canada, Saudi Arabia and the Philippines also rank among the highest spenders for 2023 travel.
Travelling more sustainably has finally made its way to the forefront of holidaymakers' concerns, with more than 61 per cent of those surveyed preferring destinations and travel brands that are more sustainable.
Almost half of the respondents said they will only book travel with brands that are socially and environmentally responsible.
“The results of this global survey also show the growing importance of sustainable travel among consumers,” said Julia Simpson, WTTC president and chief executive.
The findings were released as Saudi Arabia prepares to host the World Travel and Tourism Council in Riyadh, for its annual global summit.
Travel and tourism leaders, government representatives and international speakers will convene in the kingdom for the three-day event which is being held under the theme Travel for a better future.
The yearly event is a chance for people working in the industry to align efforts to support its recovery and to create a safer, more resilient, inclusive and sustainable future for the world of travel.
“This global survey shows that international travel is back. As we kick off our Global Summit in Riyadh bringing together global travel leaders and governments from around the world, travellers are getting ready to explore the world again” said Simpson.
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
Tips for newlyweds to better manage finances
All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.
Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.
Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.
Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.
Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.
Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.
Killing of Qassem Suleimani
The five pillars of Islam
1. Fasting
2. Prayer
3. Hajj
4. Shahada
5. Zakat
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