Travel growth to continue to defy economic slowdown

Date: Wednesday 11 October 2023

International travel recovery has continued throughout 2023 to date and is set for further growth into 2024 despite slowdown and considerable uncertainty in key economic drivers. Consumers are prioritising travel experiences over other discretionary spending while some continued rebalancing of domestic and international travel is evident. We will also explore the extent to which emerging market demand will become a key driver.

Helen McDermott
Helen McDermott

Director of Global Forecasting, Tourism Economics

+44 (0) 289 263 5404

Helen McDermott

Helen McDermott

Director of Global Forecasting, Tourism Economics

Belfast, United Kingdom

Helen is a Lead Economist within Tourism Economics, with more than a decade of experience in economic modelling and consultancy.

She specializes in tourism forecasting, tourism economic impact analysis including Tourism Satellite Account analysis and providing bespoke scenario analysis which caters to a range of client needs. She also manages the Global Travel Service (GTS) and Global City Travel (GCT) services, which provide timely forecasts of bilateral tourism flow across 185 countries and 300 cities, as well as other core tourism indicators including overnight stays and tourism spending.

In addition to her regular forecasting work, Helen also plays a lead role in Tourism Economic’ consultancy services. Key projects that Helen has been involved in include the Oxford Economics Economic Impact Research, produced on behalf of the World Travel & Tourism Company which measures the contribution of the travel & tourism sector to the wider economy across 185 countries worldwide. Helen is also responsible for producing quarterly forecasts for the hotel industry across a range of markets in Europe, the Middle East and Asia in partnership with STR. Further, Helen plays a lead role in providing ongoing support ranging across a spectrum of tourism initiatives with Qatar Tourism Authority, which includes providing forecasts of travel demand to Qatar and detailed accommodation forecasting to aid QTA in developing key policy initiatives.

Chloe Parkins

Senior Economist, Tourism Economics

+44 (0) 203 910 8017

Private: Chloe Parkins

Senior Economist, Tourism Economics

Oxford, United Kingdom

Chloe is a Senior Economist with Tourism Economics, specialising in European tourism forecast services. On top of forecasting, she takes a key role in European consultancy work including regular outputs for the ETC and STR. She previously worked on both the industry and macro services within Oxford Economics for seven years where she developed her skills in forecasting, modelling, data visualisation and bespoke consulting work.

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