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UEFA Championship, Olympic Boost Travel in 2024 by 7% – WTO

By the end of 2024, international tourist arrivals had almost reached their 2019 levels, suggesting complete recovery for the sector, according to UN Tourism.

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Image credit: Opta Analyst

The World Trade Organization (WTO) says that the UEFA European Football Championship in Germany and the Olympics in France,  boosted international travel by seven percent in 2024.

Ohibaba.com exclusively reports that WTO disclosed this in its international trade statistics for the third quarter of 2024, released on Tuesday, February 2025.

Said WTO: ” International travellers’ expenditure in foreign economies increased by 10 per cent in Q3 2024, and in the first three quarters of 2024, global travel receipts were 15 percent higher than pre-pandemic levels.

Growth is stabilizing after the post-pandemic surge, and visa-free schemes adopted throughout 2024 by many economies have benefited international tourism worldwide.

” By the end of 2024, international tourist arrivals had almost reached their 2019 levels, suggesting complete recovery for the sector, according to UN Tourism.

Travel in 2024 was also boosted by the UEFA European Football Championship in Germany and the Olympics in France, and Europe’s travel exports grew by 7 per cent from an already high base in 2023.

Many African economies recorded double-digit growth, including Namibia (+32 per cent), Morocco (+19 per cent) and Tanzania (+18 per cent).”

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UEFA Considers World Cup Boycott Over FIFA’s $20bn Investment Proposal

UEFA strongly opposed the proposal, insisting football “isn’t FIFA’s to sell” and criticising the lack of transparency surrounding the plan.

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UEFA is preparing an emergency meeting of its 55 member associations to discuss FIFA’s proposed $20 billion private investment plan, with a potential World Cup boycott among the options being considered.

The proposal, unveiled by FIFA president, Gianni Infantino, would create the FIFA Forward Enterprise (FFE), a new subsidiary responsible for the commercial and event operations of FIFA competitions, including the men’s and women’s World Cups.

FIFA said the venture would seek minority investment while retaining full control of football governance, with funds intended to expand development programmes for its 211 member associations.

UEFA strongly opposed the proposal, insisting football “isn’t FIFA’s to sell” and criticising the lack of transparency surrounding the plan.

Sources told ESPN there is significant resistance within the European governing body.

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Idi Amin’s grandson disqualified from Commonwealth boxing bout

He was jeered out of the ring after a tempestuous bout against England’s Damar Thomas in the super-heavyweight division.

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•Aziz Abdul, Idi Amin’s boxer grandson

The grandson of former Ugandan president Idi Amin saw his bid for Commonwealth boxing gold end in disgrace as Aziz Abdul was disqualified for a headbutt in his quarter-final on Wednesday.

Amin famously declared himself the “King of Scotland” in 1976, having developed a fascination with the country with his remark inspiring an Oscar-winning film, “The Last King Of Scotland”.

Aziz arrived in Glasgow declaring his dream of becoming “the new king of Scotland.

But he was jeered out of the ring after a tempestuous bout against England’s Damar Thomas in the super-heavyweight division.

Despite landing three sweeping left hooks in the opening round, a short, stabbing left by Thomas earned a plainly displeased Aziz a standing count.

Aziz swung wildly throughout the second and was deducted his second point for persistently punching Thomas in the face as they exited a clinch.

AFP

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Real Madrid generate €1.2bn revenue despite failing to win a trophy

The club’s strong financial showing was boosted by an increase in income from their renovated Santiago Bernabeu stadium, up by 11 percent to 363 million euros ($413m), along with new sponsorships.

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•Real Madrid President Florentino Perez . (Photo by JAVIER SORIANO / AFP)

Spanish giants Real Madrid said Tuesday they generated a record 1.221 billion euros ($1.39 billion) in revenue in the 2025/2026 season, despite failing to win a trophy.

“Operating revenue, excluding income from player transfers, reached €1.221 billion, 3.1 percent more than in the previous financial year,” said Los Blancos in a statement.

“Real Madrid has therefore exceeded the €1.2 billion mark for the first time, a figure that no other sports organisation in the world has achieved to date, consolidating the club’s position as the revenue leader in the sports industry.”

Madrid said they made 26 million euros ($30m) profit after tax, up by 8 percent on the earnings from 2024/25.

The club’s strong financial showing was boosted by an increase in income from their renovated Santiago Bernabeu stadium, up by 11 percent to 363 million euros ($413m), along with new sponsorships.

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