DIRS.INFO The most relevant business & tech news

☆ Europe's economy threatened by extreme heat, fires and floods
▼ + stars: | 2023-09-11 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +4 min

London CNN —Mounting climate risks, illustrated by the extreme heat, wildfires and floods that ravaged parts of Europe this summer, could hurt the region’s economy as soon as this year, the European Commission warned Monday. In its latest economic forecast, the European Union’s executive arm downgraded its predictions for growth in the region in 2023 and 2024. But it added that there was “formidable uncertainty” over its latest forecast, with extreme weather among the “downside” risks. Construction and manufacturing are among other economic sectors vulnerable to extreme heat, said Owen at Saltmarsh Economics. Similarly to the European Commission, on Sunday the International Monetary Fund pointed to “grave risks to economic well-being” from climate change.

Persons: ” David Owen, Kyle Holland, Owen, Kristalina Georgieva Organizations: London CNN, European, European Travel Commission, CNN, Saltmarsh, Bank of Italy, Sunday, International Monetary, Group Locations: Europe, Czech Republic, Bulgaria, Ireland, Denmark, Italy, Greece, Spain, India

☆ Burned by the European heat, travelers are seeking new destinations this summer
▼ + stars: | 2023-08-03 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +6 min

'Scandi summer' trendInterest in visiting the Mediterranean dropped by 10% from June to November this year, according to data published by the European Travel Commission. watch nowA "Scandi summer" trend is evident among summer home renters too, according to Expedia Group. Shifts in SpainSpain is the most popular travel destination in the European Travel Commission's poll of more than 6,000 European travelers. A spring poll of more than 6,000 European travelers showed the No. 1 reason for choosing a travel destination was "pleasant weather conditions," according to the European Travel Commission.

Persons: Tom Marchant, Marchant, Evia, Will Vassilopoulos, Cynthia Nerangis, Peter Tomlinson, Tomlinson, InsureMyTrip, hasn't Organizations: CNBC, European Travel Commission, Expedia Group, Expedia, Costa de Cantabria, Afp, Getty, National Parks, Swiss, Istock, Travelers, LemonLime, CNBC Travel Locations: Europe, London, Finland, Norway, Sweden, Iceland, Scandinavia, Swedish, Skane, Blekinge, Edinburgh, Scotland, Riga, Latvia, Tallinn, Estonia, Smaland, Tenerife, Rimini, Spain Spain, Costa Blanca, Costa Brava, Mallorca, Costa Verde, Costa de, Basque, Greece, Rhodes, Corfu, Lofoten, Croatian, Canada, U.S, Slovenia, Italy, Puglia, Sicily, North Africa, Austrian, Lucerne, Solden, Switzerland, Morocco, Marrakech, France, Athens, Crete

☆ Extreme heat in Europe is becoming the new normal — prompting tourists toward cooler destinations
▼ + stars: | 2023-07-24 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Tourists are evacuated as huge wildfire rages across Greece's Rhodes island on July 22, 2023. Sweltering conditions across southern Europe could accelerate a burgeoning trend among holidaymakers, as more tourists prioritize milder temperatures or off-season travel to avoid spending their time away in oppressive heat. Europe is currently experiencing some of the hottest temperatures of the summer so far, with yet another heatwave expected to push the mercury close to record-breaking levels in the coming days. The southern European country was followed closely by France (7%), Italy (7%), Greece (5%) and Croatia (5%). The popularity of Mediterranean vacation destinations, however, dropped by 10% compared to last year, when Europe experienced its hottest summer on record.

Organizations: European Travel Commission, ETC Locations: Greece's Rhodes, Europe, Greece, Spain, Sardinia, Sicily, Italy, Brussels, France, Croatia

☆ Extreme heat in the Mediterranean could dent tourist bookings in future
▼ + stars: | 2023-07-21 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

“This can be attributed to travelers seeking out less crowded destinations, and milder temperatures,” the association said. This summer’s extreme temperatures follow blistering heat last year. Meanwhile, online searches for northern European destinations increased by 3 percentage points to hit 10%. Southern Europe still popular with BritsDespite rocketing temperatures, countries in southern Europe are still the go-to spots for many vacationers. Spain, Greece and Turkey are still “by far the most popular [destinations],” he said, which hasn’t “changed at all.”— Barbie Latza Nadeau and Chris Liakos contributed reporting.

Persons: Angelos Tzortzinis, Olivier Ponti, ”, —, Johan Lundgren, Giuseppe Napolitano, Thomas Cook, Sean Tipton, hasn’t “, ” — Barbie Latza Nadeau, Chris Liakos Organizations: London CNN —, European Travel Commission, Tourism Council, Tourists, CNN, European Space Agency, ESA, British, Med Locations: London CNN — Spain, Italy, Europe, Brussels, Spain, France, Croatia, Greece, Czech Republic, Bulgaria, Ireland, Denmark, Athens, United Kingdom, Rome, Nicosia, Cyprus, Catania, Sicily, Southern Europe, Turkey

NO CANCELLATIONS YETDemand for travel has soared again this summer as tourists leave behind years of pandemic restrictions, and travel companies say the heat hasn't caused many cancellations - yet. Stories of tourists being airlifted off Italian beaches or ferried away in ambulances from Athens' Acropolis have flooded European media in recent weeks. Italy's Environment Ministry warned in a report this year that foreign tourists would in future travel more in the spring and autumn and choose cooler destinations. Greek authorities closed Athens' ancient Acropolis during the hottest part of the day on Friday to protect tourists. In Spain, high vacation demand is expected in coastal destinations in the north of the country and on Spanish tourist islands, where summer temperatures tend to be cooler, according to a report from national tourism association Exceltur.

Persons: Miguel Sanz, Anita Elshoy, Elshoy, Sean Tipton, Sanz, Dalphna Niebuhr, Daniel Otero, Rebeca Vazquez, Renee Maltezou, Elisa Anzolin, Angelo Amante, Corina Rodriguez, Catherine Evans Organizations: Travel Commission, EUROPE Tourists, Reuters, Ministry, Thomson Locations: ROME, Europe, Czech Republic, Denmark, Ireland, Bulgaria, Norway, Rome, Sicily, Athens, EUROPE, American, Greece, Mykonos, Spain, Bilbao, Italy, Madrid

☆ Pent-up demand promises record tourist season for southern Europe
▼ + stars: | 2023-05-19 | by ( Giselda Vagnoni | ) www.reuters.com time to read: +6 min

What's more, there appears to be growing demand for the luxury end of the spectrum. Portugal registered more than 2.8 million of foreign visitors from January to March, the best first quarter on record, according to official data. Airlines such as Lufthansa, easyJet and Ryanair have confirmed robust summer bookings while Ryanair, in anticipation of strong demand, has just ordered 150 new 737 Max-10s and optioned another 150. Italian travel and tourism company Alpitour forecasts turnover 30% higher this year. "We already see a very strong demand to book Christmas holidays in 2023.

Search resuls for: "European Travel Commission"

6 mentions found