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WTM London 2018 Facilitates Record £3.4bn in Travel Industry Deals

WTM London 2018 Facilitates Record £3.4bn in Travel Industry Deals

2018 will generate a record £3.4 billion (€3.9bn) in travel and tourism industry deals, surpassing the figure of £3.1 billion from WTM London 2017. The global travel and tourism industry continues to grow with more than 1.4 billion trips predicted to taking place globally in 2019, with the number predicted to rise to 1.8 billion by 2030.

WTM London 2018 reflected this growth with an increase in visitors of more than 4% to a record 32,462, with the event seeing a total of 88,742 visits from 51,409 participants. In total 4,664 exhibitors from 182 countries and regions took part in the event.

Independent research of WTM London’s exhibitors reveals WTM London 2018 will generate £3,353,042,708 in travel industry deals, either through contracts signed at the event or from negotiations with WTM Buyers’ Club members – the buyers with the greatest purchasing responsibility in the travel industry – which will lead to deals signed before WTM London 2019.

The record number of visitors and business conducted demonstrates the success of WTM London 2018’s new concept, which included the introduction of five regional – UK & Ireland and International Hub, Europe, Asia, Americas, and Middle East & Africa. These Inspiration Zones led to an increase in content, ideas and inspiration for participants to take back to their business and implement to help fuel the growth of the travel and tourism industry.

This strategy saw a greater number of senior chief executives and tourism ministers take part in the content programme – including easyJet’s chief executive Johan Lundgren and UK tourism minister Michael Ellis. Meanwhile, more research was added to the programme, including dedicated regional research sessions from research organisations including Euromonitor International, Mintel, ForwardKeys and Nielsen.

Furthermore, two new launches in and the grew WTM London’s reach further. Travel Forward – the event to inspire the travel and hospitality industry with the next generation of technology – was a great success with more exhibitors and visitors than its predecessor, The Travel Tech Show at WTM. The inaugural ITTAs saw almost 500 audience celebrate excellence within the travel and tourism industry.

Simon Press, Senior Director, WTM London, said: “I am delighted with the record amount of business conducted at WTM London 2018. This success firmly positions WTM London as the event where ideas arrive and a must-attend for national and regional tourist boards, global brands, luxury and technology companies.

“The record visitor numbers at WTM London 2018, alongside the £3.4 billion in business generated, shows that WTM London – as it approaches its 40th event in 2019 – and the travel and tourism industry are both in good health.”

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NEIL STEEDMAN has been a trade journalist, copywriter, editor and proofreader for 52 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 42 years.

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