Travel & Tourism

Travel & tourism sector witnessed 9% decline in deal activity during December 2020

A total of 81 deals were announced in the global travel and tourism sector during December 2020, which is a decrease of 9% over 89...

06 January, 2021

Digital passes to boost consumer confidence by enhancing efficiency, safety and data privacy, says GlobalData

Amidst COVID-19, several stakeholders of the travel and tourism industry are exploring the option of digital passes and health certificates which include destinations, airlines and...

06 January, 2021

Increased privacy and flexibility to characterize lodging industry in 2021

Increased privacy and flexibility are two of the stand-out trends that leading data and analytics company GlobalData notes will shape the lodging industry in 2021, alongside longer stays, improved hygiene procedures and more no-touch technology. As 2020...

22 December, 2020

Travel & tourism sector witnessed 23.3% decline in deal activity during November 2020

A total of 89 deals were announced in the global travel and tourism sector during November 2020, which is a decrease of 23.3% over 116 deals announced during the previous month, according to GlobalData, a leading data and analytics company. Aurojyoti...

09 December, 2020

Direct booking providers will have ‘window of opportunity’ in post-pandemic travel

Online travel agents (OTAs) were the primary choice of booking channel for *44% of global respondents in Q3 2019, according to GlobalData, a leading data and analytics company. However, disputed refund policies, coupled...

09 December, 2020

Trips from Canada to Costa Rica will grow 54.6% by 2024, says GlobalData

The number of international travelers from Canada to Costa Rica is set to grow from 233,143 in 2019 to 360,344 in 2024, increasing at a compound annual growth rate (CAGR) of 9.1%, says GlobalData a leading data and...

09 December, 2020

Cargo businesses could be the lifeline airline operators need with mentions of ‘cargo’ in earnings transcripts rising 18% in 2020, says GlobalData

The online shopping boom during the holiday season and the need for vaccine delivery could help airliners mitigate losses in Q4 2020 via their cargo business. In fact, mentions of the word ‘cargo’ and related keywords have grown by around 18% in 2020* as this emerged as...

01 December, 2020

Singapore’s ‘Travel Revive’ could be demonstrable example for MICE tourism recovery, says GlobalData

Singapore will not be able to rely on domestic tourism as only 176,000 domestic trips took place in 2019 when compared to 14.5 million international...

30 November, 2020

Airbnb’s Q3 earnings demonstrates a positive reaction to the COVID-19 pandemic

Like all other major players in the lodging industry, Airbnb was hemorrhaging cash at a rapid rate at the start of the COVID-19 pandemic. However, it was proactive in how it quickly changed its strategic direction internally and externally, resulting...

25 November, 2020

Thanksgiving holiday will not offer an instant boost for domestic tourism in the US

87% of US respondents in GlobalData’s latest survey in November said they are concerned about restrictions on socializing with friends and family (*). This is particularly significant on the eve of Thanksgiving, a celebration which many...

25 November, 2020

Canada’s investment in Universal Broadband will help accelerate growth of online travel industry

The Canadian government’s recent announcement that it plans to connect 98% of Canadians to high-speed internet by 2026 will only accelerate online travel demand, says...

24 November, 2020

Shifting traveler demands could provide an opportunity for airlines

With rising concerns over climate change and increasing commitment from travel companies to become carbon neutral in the future, cleaner aviation is needed. It is...

20 November, 2020

Travel & tourism sector witnessed 13.7% growth in deal activity during October

A total of 116 deals were announced in the global travel and tourism sector during October 2020, which is an increase of 13.7% over 102 deals announced during the previous month, according to GlobalData, a leading data and analytics company. Aurojyoti Bose,...

16 November, 2020

Virgin Hyperloop could propel future tourism connectivity

The concept of Hyperloop transportation holds the potential to rapidly accelerate tourism connectivity in the UK. Aiming for travel speeds of more than 1,000km/h, the...

16 November, 2020

Business travel woes are exposed as Amazon saves nearly $1bn in travel expenses, says GlobalData

Companies are saving big in the lack of business travel costs – as demonstrated by Amazon’s announcement that it has saved almost $1bn on travel expenses in 2020. Such significant savings is leading to questions on just how long...

12 November, 2020

Saudi Arabia’s 2030 tourist target appears ambitious in the new normal of COVID-19, says GlobalData

Saudi Arabia claims it remains on track to reach its ambitious target of welcoming 100 million tourists annually by 2030.This would mean a near six-fold increase in tourist arrivals over the next 11...

05 November, 2020

‘Negative-Only’ flights elevate consumer confidence and increase tourism during holiday seasons, says GlobalData

Following the news that Indian airline IndiGo has collaborated with Stemz Healthcare to enable COVID-19 RT-PCR test for domestic as well international passengers; Animesh Kumar, Director...

05 November, 2020

Ryanair refund refusal set to further dent traveller confidence

Following the release of Ryanair’s latest financials, showing an 80% decline in passengers and a net loss of $229m (€197m) for the six months to the end of...

02 November, 2020

US tourism recovery may be hindered if President Trump wins second term

With President Trump’s surprise victory in 2016 likely being a contributing factor to a 2.1-percentage-point slowdown in the compound annual growth rate (CAGR) of international tourism in the US*, a second term for the Trump administration...

30 October, 2020

Domestic tourism may not offer lifeline needed for Thailand tourism recovery, says GlobalData

Amidst the political turmoil in Thailand, the domestic tourism recovery is getting stalled and delayed, reminding the tour operators that COVID-19 is not the only...

30 October, 2020

Rail travel likely to boom post-COVID-19

International rail travel offers an ‘environmentally friendly’ alternative to flying and as the second wave of COVID-19 approaches, it may experience a boom post-pandemic. Tourists...

27 October, 2020

Rail travel likely to boom post-COVID-19

International rail travel offers an ‘environmentally friendly’ alternative to flying and as the second wave of COVID-19 approaches, it may experience a boom post-pandemic. Tourists are likely to favor destinations closer to home due to fears of flying and ever-changing...

27 October, 2020

There are signs of recovery for InterContinental Hotels, despite significant RevPAR decline

Following today’s release of InterContinental Hotels Group (IHG) Q3 2020 trading update, Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading data and analytics...

23 October, 2020

Decline in revenue-passenger kilometer, high cash burn rate compel airlines to cut jobs, says GlobalData

Following the news that Cathay Pacific Airways is cutting over 5,000 jobs in Hong Kong and closing Cathay Dragon brand; Animesh Kumar, Director of Travel and...

21 October, 2020

Flybe needs to be mindful of previous vulnerabilities as relaunch is announced

Following the recent announcement that Flybe could be flying again next year, after administrators announced a successful deal had been agreed with investors; Ralph Hollister, Travel & Tourism Analyst at GlobalData, a...

20 October, 2020

Deal Activity in travel & tourism sector declined by 11.3% during September

A total of 102 deals were announced in the global travel and tourism sector during September 2020, which is a decrease of 11.3% over 115 deals announced during the previous month, according to GlobalData, a leading data and analytics company. Aurojyoti...

20 October, 2020

Bleak outlook for city breaks for rest of 2020

The COVID-19 pandemic has impacted demand for city breaks as tourists now seek destinations away from crowds and urban hotspots. City breaks were globally the third most popular holiday type in 2019,...

19 October, 2020

UK tourism industry is dealt another blow as England’s three-tier system is rolled out

Following the new three-tier system of COVID-19 restrictions that have now been rolled out in England; Ralph Hollister, Travel & Tourism Analyst at GlobalData, a leading...

14 October, 2020

Airport testing a step in the right direction but financial constraints remain considerable barrier to UK travel recovery

Potential shortening of the UK’s 14-day mandatory quarantine measures for certain travel destinations may help to restore some confidence in booking travel, but financial constraints remain a considerable barrier for recovery - with a total 51%* of UK travelers noting that they are concerned about their personal financial situation, according to a survey by data and analytics company GlobalData. Johanna Bonhill-Smith, Travel and Tourism Analyst at...

14 October, 2020

Private jet industry set for quicker recovery as passengers switch to private flights to reduce risk of contracting COVID-19

The private jet industry felt similar shockwaves to the rest of the aviation sector at the start of the COVID-19 pandemic. However, a promising rebound...

12 October, 2020

Airbnb’s City Portal will improve brand image ahead of IPO, says GlobalData

Following Airbnb’s recent launch of its City Portal for local governments; Ralph Hollister, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers...

01 October, 2020

Climate change movement exposes another obstacle to future profitability for travel operators

As young people unite across the world on the 25 September, in their first global action during the pandemic, it becomes clear that COVID-19 is not...

25 September, 2020

Uttarakhand’s approach towards revival of tourism presents key learning lessons for other tourist destinations, says GlobalData

Following the news that the state of Uttarakhand in India has revised the guidelines for inter-state travel; Animesh Kumar, Director of Travel and Tourism Consulting at...

22 September, 2020

T&T companies’ sentiments showing signs of rebound, says GlobalData

The travel and tourism (T&T) sector witnessed an uptick in Q3 2020 earnings transcript sentiment scores, according to GlobalData, a leading data and analytics company....

09 September, 2020

Travel & tourism sector witnessed 4.5% growth in deal activity during August

A total of 115 deals were announced in the global travel and tourism sector during August 2020, which is an increase of 4.5% over 110...

09 September, 2020

Government support crucial for revival of tourism industry in India, says GlobalData

Following the news that the Indian Association of Tour Operators (IATO) has urged the government to provide relief to the tourism sector that is in...

08 September, 2020

Traveler confidence will be further undermined by lack of unified approach in UK quarantine measures

Following the news that Scotland and Wales have imposed quarantine measures on arrivals from Portugal, while England has not; Johanna Bonhill-Smith, Travel & Tourism Analyst at...

04 September, 2020

Successful IPL could help rebuild confidence in UAE tourism, says GlobalData

Major sporting events have had to be cancelled or rescheduled due to COVID-19 – one of which was the The Indian Premier League (IPL) that...

03 September, 2020

Travel companies need to provide flexibility or risk getting left behind

Following the recent announcement that Delta Air Lines has joined American Airlines and United Airlines in scrapping a range of ticket-change fees; Ralph Hollister, Travel &...

02 September, 2020

Spanish travel insurer offers COVID-19 PCR tests as providers look to reinvent products, says GlobalData

A handful of travel insurers have started to offer COVID-19 PCR tests as an add-on to their policies as consumers begin to travel again. This...

02 September, 2020

Opening of borders, bars in Goa should be seen as dipstick study before peak tourism season, says GlobalData

Following the news that Goa (India) has lifted the restrictions on the movement of people in and out of the state and has allowed the...

02 September, 2020

Overtourism still an issue in Europe as domestic visitation increases, says GlobalData

The surge in domestic tourism following COVID-19 has not curtailed as holiday-makers turn to staycations over international travel. This domestic tourism, which was once a...

26 August, 2020

Accor-IHG merger rumors hints at imminent consolidation

Following recent rumors of a potential merger between Accor and IHG that both companies have refused to comment on; Ralph Hollister, Analyst, Travel & Tourism at...

25 August, 2020

Thailand unveils Phuket tourism pilot to open other destinations before peak season, says GlobalData

Following the news that Thailand will allow long-stay international tourists in the island of Phuket from October 2020 as a pilot program; Animesh Kumar, Director of...

24 August, 2020

Travel & tourism sector witnessed marginal improvement in deal activity during July 2020

The number of deals announced in the global travel and tourism sector remained at a similar level in July compared to the previous month. Deal volume increased marginally by 0.9% from 109 in June 2020 to 110 in July 2020, according to GlobalData’s deals database. Aurojyoti Bose, Lead Analyst at GlobalData,...

21 August, 2020

Latest quarantine extension has potential to end British holiday season

Following the news that France, Malta, the Netherlands, Gibraltar, Monaco, the Faroe Islands, Aruba and the Turks & Caicos will be added to the UK’s quarantine list; Ben Cordwell, Travel...

14 August, 2020

TUI’s optimism for 2021 should be noted with caution amid refund confusion and UK’s air bridges putting strain on industry recovery

Following the announcement of TUI’s Q3 2020 results, Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers her view: “The news...

13 August, 2020

Particular airlines could emerge unscathed from poor handling of refunds, says GlobalData

Airlines across the globe have had to make a swift decision between protecting cash reserves by holding on to refunds or providing customers with timely...

12 August, 2020

Greek gamble may not pay off for UK travelers, says GlobalData

Following the recent announcement that Greece recorded its highest daily tally in COVID-19 cases since the start of the outbreak in the country; Ralph Hollister, Analyst,...

11 August, 2020

Royal Caribbean’s enormous loss highlights cruise industry woes

Following the release of Royal Caribbean Group’s Q2 2020 results; Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his...

11 August, 2020

Catastrophic fall of lira could be blessing in disguise for Turkish tourism, says GlobalData

As the Turkish lira keeps hitting record lows against the major currencies; John Vandesquille, Travel & Tourism Analyst at GlobalData, a leading data and analytics company,...

07 August, 2020

Electronic quarantine tags another necessary evil that will discourage travel plans, says GlobalData

The electronic quarantine tag recently introduced in Singapore has the potential to rattle the number of international departures from the country, which reached 16.8 million...

07 August, 2020

Booking Holdings job cuts show continued struggles of travel operators, says GlobalData

Following the news that Booking Holdings is to cut up to 25% of its employees, around 4,000 in total due to the ongoing impacts of...

04 August, 2020

Expedia Group’s uptick for Vrbo offers hope for recovery, but caution is still vital

Following Expedia Group’s release of its Q2 2020 results; Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers her view: “As...

31 July, 2020

Spain’s tourism industry to struggle as UK travel corridors are removed, says GlobalData

As one of the countries under the UK’s travel corridors scheme, the Spanish tourism sector had an opportunity to regain some sort of normality and...

31 July, 2020

Latest lockdown in the North West adds more uncertainty for British domestic tourism, says GlobalData

Following the news that separate households have been banned from meeting each other indoors in Greater Manchester, and parts of Lancashire and West Yorkshire following...

31 July, 2020

TUI shop closures mark turning point for UK travel agents as 45% of global tourists will buy more products online, says GlobalData

Following today’s news that TUI is closing 166 travel agencies; Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, a leading data & analytics company offers her...

30 July, 2020

Foreign Office’s latest announcement a huge blow to Europe’s tourism recovery, says GlobalData

Following news that the Foreign Office has extended its advice against all but essential travel to the whole of Spain; Ben Cordwell, Travel & Tourism Analyst...

28 July, 2020

Paris’ attempt to tackle illegal Airbnb rentals is a positive but insufficient step, says GlobalData

Following the news that the City of Paris is proposing a project aiming to amnesty illegal Airbnb owners in exchange for their properties to go...

28 July, 2020

South American tourism impacted by loss of US spending, yet growth is identifiable

US spending into South America is forecast to drop by 44.4% between 2020 and 2021 as travel restrictions due to COVID-19 have stymied visitor flows....

27 July, 2020

MICE tourism may never fully recover from COVID-19 as international business arrivals set to fall by 35.3% in 2020

Meetings, incentives, conferencing and exhibitions (MICE) tourism was one of the first types of tourism to be impacted by the global spread of COVID-19 and...

23 July, 2020

Third of US consumers will reduce frequency of travel in ‘new normal’, says GlobalData

A third (32%) of US respondents have stated that they will reduce domestic and international travel, while almost half (48%) revealed that they will also...

22 July, 2020

Long haul travel preparations should be considered for eager UK millennials

UK millennials are the most likely to book an international trip in 2020 – with 49% agreeing* that they would rebook in a survey by GlobalData. Short haul...

20 July, 2020

FCO’s latest announcement adds more confusion to the return of cruises

Following news that the FCO only advises against 'sea-going' cruise ship travel;Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading data and analytics company,...

16 July, 2020

Social media platforms crucial in battling anti-Asian racism fears, says GlobalData

About 40% of Chinese individuals intend to spend more time browsing social media, 25% for actively posting and 31% will be reading more online reviews/blogs...

16 July, 2020

Mixed messages for the Japanese population as Tokyo’s COVID-19 alert level is raised, says GlobalData

Following the news that the Japanese capital of Tokyo is now back at the maximum COVID-19 alert level amidst an increase in the number of...

15 July, 2020

Lisbon’s ‘Renda Segura’ program could be problematic for Airbnb if successful, says GlobalData

Following the recent announcement from Lisbon’s Mayor pledging to ‘get rid of Airbnb’ once the coronavirus pandemic is over by turning short-term rentals in to...

13 July, 2020

Lack of high-spending US travelers will prolong economic recovery of dependent EU destinations, says GlobalData

US tourist expenditure in Europe is expected to decline from US$116.1bn in 2019 to US$63.2bn in 2020, showcasing a 45.5% drop. As infection rates across...

10 July, 2020

FCO announcement is major blow to British cruise industry, says GlobalData

Following the news that the FCO advises against all cruise ship travel;Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading data and analytics company,...

10 July, 2020

Volatile MCap changes illustrate tourism sector uncertainty amid COVID-19, says GlobalData

Rapid changes in market cap (MCap) in the tourism sector illustrates that the current external business environment has created mass uncertainty for companies, consumers and...

03 July, 2020

Millennial influencers will be indispensable in travel sector recovery

Elite and young independent travelers are crucial to the recovery of the travel sector as they are likely to be the first tourists to embark on...

03 July, 2020

M&A may help travel agents find route out of pandemic as consumer habits change

Opportunities can arise out of crisis and it is often a time used by organisations to drive significant change. According to GlobalData, a leading data and...

03 July, 2020

UK domestic tourism trips down by a FIFTH due to COVID-19 from 122 million in 2019 to 95 million in 2020

As the UK’s domestic tourism industry prepares to reopen on July 4, total UK domestic tourism trips are set to drop by 22% this year...

03 July, 2020

Germany’s European Council leadership offers possibilities for post-Brexit defense cooperation, says GlobalData

Following the start of Germany’s European Council leadership;Madeline Wild, Defense and Security Analyst at GlobalData, a leading data and analytics company, offers her view on...

02 July, 2020

easyJet’s aggressive cost-cutting plans could be too drastic, says GlobalData

Following recent news that easyJet has begun consultations on plans to close bases at Stansted, Southend and Newcastle and that 727 of its UK-based pilots...

30 June, 2020

Greece must attract its largest source market to reboot vital part of its economy

Greece saw 35.3 million international arrivals in 2019 and was forecast to welcome 37.1 million arrivals in 2020 pre-COVID-19. However, the impact of COVID-19 has...

30 June, 2020

Backpacker hostels could struggle to survive, says GlobalData

Backpacker hostels currently have their backs against the wall due to the impacts of COVID-19 on international and domestic travel. Due to these unexpected changes,...

27 June, 2020

Airbnb’s adaptable business model and cost-cutting measures have revived hopes of a 2020 IPO, says GlobalData

A few months ago, the chance of Airbnb’s planned IPO going ahead in 2020 was slim to none. As the COVID-19 pandemic swiftly ground domestic...

26 June, 2020

Strategic partnerships in the tourism sector may increase as demand returns, says GlobalData

Companies in a range of industries within the tourism sector are doing everything possible to decrease their recovery periods without parting with large sums of...

26 June, 2020

M&A may help travel agents find route out of pandemic as consumer habits change

Opportunities can arise out of crisis and it is often a time used by organisations to drive significant change. According to GlobalData, a leading data and...

26 June, 2020

Virgin Voyages’ purification system is bold yet necessary statement, says GlobalData

Following the news that Virgin Voyages claims its air purification system can kill 99.9% of viruses;Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading...

22 June, 2020

Increase in consumer confidence could lead to a spike in UK domestic tourism

As lockdown is gradually eased, UK residents have a more positive view of the coronavirus situation compared to ten weeks ago, according to GlobalData’s COVID-19...

19 June, 2020

Promoting locations like Hainan can bring Western tourists back to China, says GlobalData

The COVID-19 pandemic has decimated the world’s tourism industry. As restrictions start to be lifted, China faces an uphill task of attracting Western tourists due...

19 June, 2020

Revised flight schedules exclude some Greek Islands and could negatively impact its tourism economy

As Greece prepares to welcome tourists after a temporary shutdown, certain islands could be excluded from flight schedules as airlines start to operate a reduced...

18 June, 2020

Air bridges offer hope for UK tour operators but barriers remain

Air bridges are offering UK tour operators hope of resuming some form of service this summer, but as overnight domestic travel is still not possible...

18 June, 2020

UK Government continues to hinder recovery of its travel sector, says GlobalData

Following recent news that the UK will not be taking part in an EU-led data-sharing project to reboot tourism; Ralph Hollister, Travel & Tourism Analyst at...

17 June, 2020

British companies showing adaptability and offering more domestic options is a positive move, says GlobalData

According to GlobalData’s Week 10 COVID-19 Survey, 44% of British respondents are extremely concerned about the coronavirus pandemic, whilst only 2% are not concerned. These...

17 June, 2020

Generation X travel plans most disrupted by COVID-19 in UAE

Generation X has experienced the most disruption among age groups in the United Arab Emirates (UAE) when it comes to the cancelation of travel plans....

15 June, 2020

Deal activity in travel & tourism sector rebounded during week ended June 7 after three consecutive weeks of decline

The number of deals announced in the global retail sector grew by 13.3% during the week ended June 7, 2020, compared to the previous week,...

12 June, 2020

Prime Minister’s support for cruise industry is only short-term solution

Following the news that Prime Minister Boris Johnson has said the UK Government will support cruise companies in any way they can; Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading...

12 June, 2020

Expedia shutting multifamily business illustrates slower demand recovery in urban areas, says GlobalData

Following a recent announcement that Expedia Group has permanently closed its multifamily solutions business; Ralph Hollister, Analyst, Travel & Tourism at GlobalData, a leading data and...

11 June, 2020

Travel intermediaries need to increase transparency to restore consumer confidence, says GlobalData

Transparency will be the key to provide service to the future tourists. During this COVID-19 pandemic, many aspects of future travels have been labelled as...

09 June, 2020

Marriott has a more realistic view on demand recovery in Europe

Following a recent webinar event hosted by New York University, which saw the senior executives of Accor, Sebastien Bazin and Marriott, Arne Sorenson stating opposing...

09 June, 2020

Travel resumption and robust hygiene measures key for revival of travel and tourism in Singapore, says GlobalData

Following the news that visitor arrivals to Singapore hit historic low in April 2020; Animesh Kumar, Director of Travel and Tourism Consulting at GlobalData, a leading...

09 June, 2020

Online reviews and blogs increasingly important to the Americas millennial tourism market

As a growing number of consumers are spending more time online during the pandemic and taking more notice of online reviews and blogs, the importance...

08 June, 2020

Benchmarking and data analysis will play an even more important role for hotels

Through benchmarking and data analysis, hotels can compare and analyze how they have managed the current pandemic in comparison to their competitors. Effective benchmarking is...

08 June, 2020

Virtual reality may become a key component in the booking process

A total 45% of global travelers remain extremely concerned about the outbreak of COVID-19, according to GlobalData’s latest consumer survey.This accentuates that consumer uncertainty remains...

08 June, 2020

Expedia Group’s US$275m partner recovery plan should create stronger position post COVID-19

While it will cost the company money, Expedia Group’s US$275m partner plan is worth the hit for increased partner engagement, which will be essential for...

08 June, 2020

easyJet could be impacted if it returns to flying too soon

Following easyJet’s announcement that it hopes to resume 75% of routes in August, having grounded all flights since mid-April; Rheanna Norris, Associate Analyst at GlobalData, a...

05 June, 2020

Political tensions between the US and China risk damaging tourism’s recovery

Following news that the US has announced it will ban mainland Chinese airlines from serving the US from June 16;Ben Cordwell, Travel & Tourism Analyst...

04 June, 2020

Cruise companies should continue to invest in sustainable technology

Over a third (34%) of respondents globally have said they are still interested in news about a brand’s sustainability initiatives, despite the ongoing COVID-19 pandemic,...

03 June, 2020

14-day quarantine for UK travelers casts doubt over short international getaways

The prospect of a 14-day quarantine upon returning to the UK casts serious doubt over the future of short breaks, causing a great deal of...

01 June, 2020

Croatia realizes importance of international visitation as overtourism turns to none at all

Croatia has experienced a sudden rise in popularity in the last two decades and now relies heavily on international visitation to the extent that tourism...

01 June, 2020

easyJet’s cost-cutting may be misguided as international arrivals expected to return to 2019 levels by 2021

Following easyJet’s announcement that it plans to reduce its fleet, staff and operational costs amid the COVID-19 crisis; John Vandesquille, Travel & Tourism Analyst at GlobalData,...

28 May, 2020

Upswing in travel costs can lead to a slow recovery of tourism industry post-COVID-19, says GlobalData

According to COVID-19 consumer survey, 59% of respondents globally are always or often influenced by how well a product aligns with their financial constraints. The financial crunches...

26 May, 2020

Domestic markets could offer struggling tourism companies a lifeline

With a total 80% of consumers surveyed* claiming they are extremely or quite concerned about the ongoing COVID-19 pandemic, a large proportion of the population...

26 May, 2020

‘New normal’ for hotel industry may revolve around advanced technology

As national infection rates start to decrease across the globe, hotel companies are starting to look to what the industry may look like when demand...

22 May, 2020

Italy’s COVID-19 concerns are lessening as the nation prepares to restart tourism flows

General sentiment regarding the impact of COVID-19 in Italy is gradually becoming more positive. In two surveys by GlobalData, one conducted 28 April and the...

22 May, 2020

EasyJet prepares for post-COVID-19 Europe as continent considers reopening to tourism, says GlobalData

Following easyJet’s announcement that it plans to resume domestic flights in France and in the UK on 15 June; John Vandesquille, Travel & Tourism Analyst at...

21 May, 2020

Expedia Q1 results further demonstrate vacation rentals may lead the path to recovery

Following the announcement of Expedia Group’s results; Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers her view: “Vrbo, Expedia Group’s...

21 May, 2020

Future for independent hoteliers remains uncertain

Due to the impact of COVID-19, major hotel chains such as Wyndham, Marriott, Choice, Hilton, IHG and Accor are set to expand at an even...

21 May, 2020

Seychelles closing to cruise ships will have a major impact on the economy

Following the news that the Seychelles will be closing to cruise ships until 2022 in an effort to prevent the spread of COVID-19 across its...

21 May, 2020

Portugal needs access for Brits soon in order accelerate economic recovery

Portugal is planning to offer an ‘air bridge’ for British tourists to bypass quarantine rules. This concept will be positively received by destinations in Portugal...

21 May, 2020

Training investment critical to boost quality of future travel workforce, says GlobalData

Offering the staff additional training initiatives during the lockdown restrictions will not only engender the staff commitment but can prepare employees for changes within the future travel...

21 May, 2020

COVID-19 likely to witness emergence of Gen-C within tourism industry, says GlobalData

Jamaica expects the tourism industry to create a new generation of travelers, known as ‘Gen-C’, which will not be defined by the traditional demographics such as age...

20 May, 2020

Targeting US male audience may be wise decision for struggling tourism boards

Men generally have much more trust in foreign products than women, according to GlobalData’s Coronavirus (COVID-19) Consumer Survey - particularly so in Europe (+19%), China...

19 May, 2020

Attracting visitors back to Spain is essential – but it will not be easy

Following thenews that Spain aims to open up to overseas holidaymakers by late June;Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading data and...

19 May, 2020

Financial investment critical for travel operators but a conservative approach must be taken

Travel companies seeking additional aid from investors again and again will not only damage future balance sheets due to increased debt levels but also impact...

17 May, 2020

lm holdings likely to play key role in consolidation of travel intermediaries

Following the announcement of lm holdings’ (previously known as Lastminute.com) Q1 financial results; Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, a leading data and analytics...

15 May, 2020

Tourism companies targeting customers through social media marketing, says GlobalData

As the financial strain continues to burden the global tourism industry due to the impact of COVID-19, many companies will be forced to focus all their financial resources...

15 May, 2020

Travel & tourism deal activity rebounds, growing 22.7% during week ended May 10 2020

The number of deals announced in the global travel and tourism sector grew by 22.7% during the week ended May 10, 2020 compared to the...

14 May, 2020

Actions of TUI Group reflect wider initiative to streamline business

Following the news that TUI has announced a group loss of €740.5m (US$802m) in its Q2 results and that 8,000 potential job roles are now...

14 May, 2020

Marriott results illustrate competence

Following the recent announcement of Marriott’s Q1 results; Ralph Hollister, Analyst, Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on...

11 May, 2020

Domestic tourism could be the lifeline for COVID-19 hit tourist destinations such as Thailand

The impacts from COVID-19 have been felt worldwide with travel restrictions, lockdowns and cancellations of major events. Pre-COVID-19, tourist destinations were predicted to hit 1.6 billion international arrivals globally in 2020, and tourism is a major...

10 May, 2020

Securing finances will allow cruise companies to reassure shareholders

Both Norwegian Cruise Line and Royal Caribbean Cruises are following Carnival’s lead by securing their financial positions. By securing finances, cruise companies can dispel investors’...

10 May, 2020

Streamlined business and a surge in domestic bookings may help Airbnb to turn a corner

Airbnb still can be a success, as long as it embraces the idea that it may have to be smaller in scale in the short-to-medium...

09 May, 2020

Impact on international travel in UAE deepens but opportunity exists

Over the last three weeks, the impact on international travel plans has continued to climb. In a survey by GlobalData, 56% of respondents in the...

09 May, 2020

Travel and tourism sector witnesses 8.3% decline in deal activity during the week ended May 3, 2020, says GlobalData

The number of deals announced in the global travel and tourism sector decreased by 8.3% during the week ended May 3, 2020, compared to the...

08 May, 2020

Surge in M&A activity likely for hotel industry post-COVID-19

Many smaller hotel companies will have no choice but to combine with their larger counterparts in order to survive post-COVID-19, creating a more consolidated industry...

06 May, 2020

Virgin Atlantic announcement cements theory that airlines will be smaller post-COVID

Following today’s announcement that Virgin Atlantic is to cut 3,000 jobs and cease operation at Gatwick: Nick Wyatt, Head of R&A and Travel & Tourism at...

05 May, 2020

Lufthansa Group wants financial help without ceding influence

Following the news that the Austrian Chancellor met the CEO of Lufthansa Group to discuss the future of Austrian Airlines; John Vandesquille, Travel & Tourism Analyst...

05 May, 2020

Airlines likely to be smaller post-COVID

Following recent announcements made by several airlines, speculation has grown that some of the world’s largest airlines will shrink: Nick Wyatt, Head of R&A and Travel...

04 May, 2020

Virgin Atlantic’s plea for survival should act as stark warning for competitors

Richard Branson’s recent plea for help highlights the current state of the airline industry, says GlobalData, a leading data and analytics company. Rheanna Norris, Associate Analyst...

04 May, 2020

South Africans see impacts of COVID-19 worsening

Consumer uncertainty is one of the greatest barriers facing the travel industry, and despite cases of COVID-19 stabilizing across South Africa, 70% of South African...

04 May, 2020

Cruise industry faces uphill battle to attract customers post-COVID-19, says GlobalData

According to SAGA’s latest poll, 62% of over-50s are reluctant to take a cruise due to the COVID-19 outbreak. Furthermore, 4‌4% of respondents are delaying booking...

03 May, 2020

France aims to reduce airline carbon emissions by making state aid conditional, says GlobalData

As Air France is granted more US$7.5bn in government help under the promise that, among other conditions, it will not compete with the French high-speed...

01 May, 2020

COVID-19 outbreak has jeopardized UK hospitality sector

The COVID-19 outbreak has caused mass cancellation of corporate events, international congress meetings, sports and social events. International travel bans in addition to the UK’s...

30 April, 2020

Domestic and international travel disrupted similarly in Asia-Pacific, finds GlobalData

A recent survey conducted by GlobalData, a leading data and analytics company, shows that domestic and international travel plans in three key Asia-Pacific markets have been equally...

30 April, 2020

TripAdvisor layoffs relate to long-term objectives to simplify operations

Following the news that TripAdvisor is laying off 25% of its workforce – around 900 in total; Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, a...

30 April, 2020

Lodging providers begin to unveil new hygiene initiatives to meet change in traveler demands

Following the recent announcements from Airbnb and Hilton that new hygiene initiatives will be implemented; Ralph Hollister, Analyst, Travel & Tourism at GlobalData, a leading data...

30 April, 2020

Incentives, an effective approach to boost the appeal of credit notes, says GlobalData

Cash conservation has become the top most priority as lack of demand is affecting the balance sheets. The credit note, an alternative to a cash...

29 April, 2020

Hotels need to demonstrate how they can ensure highest levels of hygiene post-COVID-19

The tourism sector needs to be prepared for considerable changes in consumer demands when restrictions are lifted and demand for travel returns. In particular, the...

28 April, 2020

IHG experiencing steep RevPAR decline but looks set to navigate through the pandemic, says GlobalData

IHG experiencing steep RevPAR decline but looks set to navigate through the pandemic, says GlobalData Following the announcement that IHG continues to expect Global RevPAR to decline...

28 April, 2020

UK Government must extend help for airlines but attaching conditions will make it more palatable for taxpayers

Following the announcement last night that Airlines UK is urging the UK Government to extend its job retention scheme beyond June; Nick Wyatt, Head of R&A...

27 April, 2020

Airbnb must adapt to changing consumer habits in a post-COVID-19 travel industry

Following the news that many travelers have had to cancel Airbnb reservations; Rheanna Norris, Associate Analyst at GlobalData, a leading data and analytics company, offers her...

27 April, 2020

Scotland tourism will benefit from utilizing unique technology

Following the news that Donald Emslie, chair of the Edinburgh Tourism Action Group, said it would take several years to get tourist numbers in Scotland...

27 April, 2020

Premature allowance of social movement may create negative long-term impact for China’s tourism, says GlobalData

As life slowly returns to normal in China, travel companies operating in the nation need to be careful of encouraging mass tourism at this early...

27 April, 2020

COVID-19 is having a devastating impact on online estate agents, says GlobalData

Following the news that the share price of online estate agency Purplebricks fell 73% in 2020; Wafaa Hassan at GlobalData, a leading data and analytics company,...

25 April, 2020

China as tourist destination will take long time to bounce back from Covid-19 as brand image must be restored, says GlobalData

Pre Covid-19, China was predicted a steady CAGR of 2% between 2016 and 2020 reaching 63.9 million international arrivals, according to GlobalData, a leading data...

24 April, 2020

Travel and tourism sector witnesses decline in deal activity during the week ended April 19, says GlobalData

The number of deals announced in the global travel and tourism sector decreased by 39.1% during the week ended April 19, 2020 compared to the...

24 April, 2020

Travel agents that maintain an emotional connection with consumers through the pandemic will emerge stronger post COVID-19, says GlobalData

Travel brands hold an emotional attachment with their consumers but those that can introduce simple initiatives to maintain a connection with their customers throughout this...

24 April, 2020

Air France advocates for loosening of EU passenger rights, says GlobalData

Following the meeting yesterday between Air France representatives and the French Commission for Sustainable Development and Spatial Planning to discuss a revision of the EU flight...

23 April, 2020

Tour operators must resist temptation to relaunch holidays too soon, says GlobalData

Tour operators should look to remain visible in the marketplace but relaunching holiday programs too early will not only cause irritation, but humiliation if travel...

21 April, 2020

Travel and Tourism marketing should aim to understand how consumer behaviour will change post-pandemic

Worldwide, this is a dark time for the travel industry. As global destinations remain closed and travel company operations continue to be wound down, the industry...

20 April, 2020

Request for government relief unsurprising for Booking Holdings

Following the news that Booking Holdings has applied for government relief in both the Netherlands and theUK; Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, a...

20 April, 2020

Spike in domestic tourism expected in Australia, says GlobalData

Australia’s Minister for Trade’s warning that borders may stay closed until 2021 is expected to boost domestic tourism in the short term, says GlobalData, a...

20 April, 2020

Travel and tourism sector witnesses growth in deal activity during the week ended April 12

The number of deals announced in the global travel and tourism sector increased by 21.1% during the week ended April 12, 2020 compared to the...

17 April, 2020

Airbnb could lose significant portion of host community to long-term rental sites

Airbnb hosts around the world have been losing the vast majority of their bookings in recent months, many of them need a reliable form of income...

17 April, 2020

Air Arabia and Etihad risking the success of joint venture low-cost airline

Following the announcement that Air Arabia and Etihad will not delay the launch of the joint venture low-cost carrier in Q2 2020; Amber Barnes, Travel and Tourism Analyst at GlobalData, a leading data and analytics company, offers her view: “Not delaying the launch could be setting the low-cost airline up for failure from the onset....

16 April, 2020

Taking on more debt a necessary evil for US airlines

Following the announcement that major US airlines have reached a deal in principle with the federal government to secure aid; Nick Wyatt, Head of R&A and Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the...

16 April, 2020

Hong Kong recovery strategy could prove to be a success

Following today’s news that Hong Kong tourism chief, Dane Cheng, has stated that tourism will be returning back to normality in July and the destination will be focusing on attracting mainland visitors and new markets; Amber Barnes, Travel and Tourism Analyst at GlobalData, a leading data and analytics...

14 April, 2020

US Department of Transportation ruling could be detrimental to airline industry, says GlobalData

Recent instruction by the Department of Transportation will put airlines into further financial difficulty than they already are, says GlobalData, a leading data and analytics...

13 April, 2020

Cancer care will be disrupted by COVID-19, says GlobalData

As the COVID-19 pandemic continues to spread across the globe, cancer patients are experiencing disruptions in the treatment of their disease and are being advised...

13 April, 2020

Hotels can increase operational efficiency through a range of small-scale initiatives, says GlobalData

Using this current downtime to prepare future operations for a post-COVID-19 business environment is a must for lodging companies, says GlobalData, a leading data and...

13 April, 2020

TUI and HostelWorld suspend dividends to ease financial difficulty, says GlobalData

As banks worldwide cancel dividend payments, more travel-related companies are following suit to keep cash flow circulating in a bid for survival. Both TUI, the...

13 April, 2020

Cruise sector redundancies need to be expected, says GlobalData

Swedish-owned Stena Line recently announced that it plans to furlough 600 employees and make 150 redundancies across the UK and Ireland. This is a sign of things...

13 April, 2020

TUI’s refund confirmation critical to protecting brand reputation

Following the news that the UK’s biggest travel agency has confirmed refunds are still available for travelers, Johanna Bonhill-Smith, Travel and Tourism Analyst at GlobalData...

09 April, 2020

Lack of staff commitment threatens future profitability for travel companies

Industry wide, travel companies are making staff adjustments to stay operational during this coronavirus-induced existential crisis, putting staff commitment under considerable strain, says GlobalData, a leading data and analytics company. A de-motivated workforce will...

09 April, 2020

Glimpse of hope for future British tourism following pound drop

Following the news that the pound has fallen sharply against the dollar and euro as a result of Prime Minister Boris Johnson’s admission to intensive...

08 April, 2020

Global airline industry at a crossroads as it faces terminal decline, says GlobalData

The coronavirus has had a drastic impact on the airline industry forcing companies such as British Airways to cease operations at major airports with developments...

08 April, 2020

Police investigations adds to cruise industry’s woes, says GlobalData

Following news that police in Australia have announced plans for a criminal investigation into the disembarking process of a ship that arrived in Sydney; Ben Cordwell,...

08 April, 2020

Marriott in strong position to tackle COVID-19, says GlobalData

As even the largest players are forced to contend with unprecedented levels of disruption thanks to COVID-19, Marriott has announced mitigation plans that outline a...

06 April, 2020

‘The COVID-19 International Travellers Guide’ app, just one of the initiatives travel companies are taking to build deeper relationships with their consumer base, says GlobalData

The uncertainty of the times threatens the future of the travel industry, however, operators that continue to touch base with their consumers now will emerge...

03 April, 2020

Royal Caribbean CEO pay cut highlights the financial burden of COVID-19, says GlobalData

Following the news that top bosses at Royal Caribbean Cruises are taking six-month pay cuts amid the coronavirus (COVID-19) crisis; Ben Cordwell, Travel & Tourism Analyst at...

03 April, 2020

Insurance providers decision to withdraw cover creates another barrier for future travel, says GlobalData

Following the news that more insurance companies are withdrawing travel cover related to the outbreak of the coronavirus (COVID-19); Johanna Bonhill-Smith, Travel & Tourism Analyst at...

02 April, 2020

British Airways furlough a sad but necessary step, says GlobalData

Following the news that 36,000 British Airways (BA) staff are expected to be furloughed as a result of the coronavirus (COVID-19); Nick Wyatt, Head of R&A...

02 April, 2020

Delay of 2020 Olympics devastating for Tokyo lodging industry, says GlobalData

Major players based in the Japanese capital will be relieved that an Olympic cancellation has been avoided, but smaller operators will be unable to see...

01 April, 2020

Carnival’s decision to not rely on coronavirus relief package is a sensible one

Following the news that Carnival Corporation is securing finances of at least $6bn to combat the effects of the coronavirus (COVID-19); Ben Cordwell, Travel & Tourism...

01 April, 2020

Hotel industry is resilient and will bounce back as impact of COVID-19 lessens

The hotel industry’s vulnerabilities are multi-faceted, but its ability to deal with impacts associated with these vulnerabilities in the past stands it in good stead to overcome the coronavirus (COVID-19) pandemic, Ralph Hollister, Analyst,...

01 April, 2020

Tourism industry needs to prepare for the return of tourism post COVID-19, says GlobalData

Following news that cruise operator Royal Caribbean has urged its trade partners to be ready for a bounce back once the coronavirus (COVID-19) travel restrictions...

31 March, 2020

Hotels are right to prioritize loyalty schemes over rate reductions during and after COVID-19 pandemic, says GlobalData

Major players in the hotel industry are using loyalty schemes in order to create value for their customer base and increase demand during and after...

31 March, 2020

Lack of consumer spending is one of the greatest threats facing global travel intermediaries, says GlobalData

Last year saw US$1.9 trillion spent on outbound global travel. Times of economic downturn, political instability and, in this case, a global pandemic will reduce...

31 March, 2020

Coronavirus could cause long-term pain for French regional airport network

Following the temporary closure of a number of significant French airports (Paris Orly Airport, Montpellier-Méditerranée and Nantes-Atlantique) as a result of the coronavirus (COVID-19) pandemic; John Vandesquille, Research Analyst at GlobalData, a...

31 March, 2020

UK aviation industry in dire need of help, says GlobalData

Government intervention in the airline industry has been almost inevitable since it became clear that the coronavirus (COVID-19) was more than a short-lived phenomenon. Following...

30 March, 2020

Coronavirus test kits arrive late in the day for cruise ships, says GlobalData

Following news that Holland American Line vessel, Zaandam, will receive coronavirus (COVID-19) test kits after passengers and crew reported as having influenza-like symptoms; Ben Cordwell, Travel...

30 March, 2020

UK Government playing hardball with airlines amid coronavirus crisis is a huge gamble

Following the announcement by Chancellor Rishi Sunak that the UK government will only step in to support airlines as a last resort, a clear divergence...

27 March, 2020

Securing finance will be key to cruise industry survival amid coronavirus pandemic

Following the news that Royal Caribbean has agreed a $2.2bn loan facility with banks to shore up cash flows as the coronavirus (COVID-19) pandemic hits travel companies; Ben Cordwell, Travel & Tourism Analyst...

26 March, 2020

Government intervention needed to stop airlines going out of business, says GlobalData

Travel restrictions are being deployed as a key weapon in the war against the coronavirus (COVID-19). Much publicized bans and restrictions have decimated the airline...

18 March, 2020

Coronavirus could shift balance in Emirates’ relationship with Dubai, says GlobalData

Following the recent news that Dubai-based carrier Emirates Group asked staff to take paid and unpaid leave in response to the effect of the new coronavirus (Covid-19) on...

13 March, 2020

US ‘Europe’ travel ban likely to spark confusion and major disruption

Following the news that the US has suspended arrivals from 26 European countries in a bid to tackle the coronavirus outbreak; Ralph Hollister, Travel & Tourism...

12 March, 2020

Sustainability drive means EU must act on ghost planes

Following EU Commission President Ursula van der Leyen’s statement that the EC is looking to introduce temporary measures to curb the use of ghost planes; Nick...

10 March, 2020

14% rise in Delta Air Lines’ sentiments driven by the Boeing 737 Max grounding, says GlobalData

The Boeing 737 MAX’s grounding put Delta in the pole position to overcome the competition, in terms of sentiments, as Delta Air Lines saw an...

05 March, 2020

Flybe administration result of confused business model, desultory investment and competitive pressures

Coronavirus is being cited as a main cause for Flybe falling into administration, but the writing has been on the wall for the airline since its profit...

05 March, 2020

Staycations could be a winner in midst of coronavirus, says GlobalData

As fear over the coronavirus builds, people are beginning to question whether they should travel abroad, with many cancelling or re-arranging their Summer holiday plans....

04 March, 2020

Blocked expansion of Heathrow Airport is unlikely to be the last

Following the news that Heathrow’s third runaway expansion has been ruled illegal by court; Johanna Bonhill-Smith, Travel and Tourism Analyst at GlobalData, a leading data and...

27 February, 2020

As coronavirus spreads beyond Asia, global tourism sector must brace itself for significant headwinds

Following the news of serious coronavirus outbreaks outside of Asia, the tourism industry must ready itself for a rocky ride. Nick Wyatt, Head of R&A and...

26 February, 2020

Health and wellness tourism trips to Asia to reach 128.3 million by 2022, says GlobalData

The health and wellness tourism trips to Asia are forecast to reach 128.3 million by 2022 that will help Asia to become the world’s fastest...

18 February, 2020

American Airlines partners up with Alaska to strengthen position in Seattle

Following the news that American Airlines has extended its partnership with Alaska to close the gap on Delta; Ralph Hollister, Travel & Tourism Analyst at GlobalData,...

14 February, 2020

Southeast Asian tourism likely to be worst hit due to coronavirus, says GlobalData

Following the news that the impact of coronavirus on Southeast Asian (SEA) tourism industry could result in a significant hit; Animesh Kumar, Director of Automotive and Travel & Tourism...

14 February, 2020

Aviation industry needs to take real action towards environmental sustainability with 125 million passengers forecast to fly to and from UK airports by 2023

Following the news (Tuesday 4 February) that the UK's aviation industry is promising to reduce its net carbon emissions to zero by 2050;Ben Cordwell, Associate...

04 February, 2020

Bahamas international arrivals increase due to improved transport connectivity

International arrivals to the Bahamas are set to reach 1.6 million in 2022, reflecting a compound annual growth rate (CAGR) of 2.3% between 2019 and...

04 February, 2020

China’s luxury hotels market experienced YOY revenue growth of 10.2% in 2019, says GlobalData

In 2018, China was the largest market for luxury hotels in the world registering year-over-year (YOY) growth of 18.3% in revenue. Continuing the momentum, China dominated the...

03 February, 2020

Visa exemption agreements must remain post-Brexit if European tourism is to thrive

The UK is finally leaving the EU, but there remains much speculation about potential future visa requirements for holidaymakers. Nick Wyatt, Head of R&A and Travel...

31 January, 2020

China’s FSC market expected to grow rapidly fuelled by rising middle class, says GlobalData

The number of seats sold by the Chinese Full Service Carriers (FSC) in 2018 looked to a staggering 561.3million surpassing the Low Cost Carrier industry...

29 January, 2020

Coronavirus could seriously impact global tourism industry as China had 159 million outbound tourists in 2019

Following the news that Hong Kong is restricting its borders with the mainland to limit the spread of coronavirus; Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading data...

29 January, 2020

Japan is the destination market with the most potential, says GlobalData

GlobalData recently released its Tourism Potential Index report, which aims to offer a clear view of the potential for growth of the main developed and emerging national tourism...

27 January, 2020

US tops budget hotel market supported by an increase in average daily rate

In 2018, the US reported the highest revenue in the budget hotel market worldwide, followed by the UK. Revenue increased by 3.5% year-over-year (YOY) in...

24 January, 2020

Japan to experience highest growth in international arrivals by 2022, says GlobalData

Following the news that the number of international tourists is set to reach 1.7 billion in 2022 and no country will see a greater increase...

24 January, 2020

US low-cost carrier market sold the highest number of seats than any other destination in 2018

The US recorded the highest number of low-cost carrier (LCC) seats sold in 2018 at 246 million and the LCC industry in this destination continues...

23 January, 2020

OYO downsizing illustrates risk associated with its rapid growth strategy, says GlobalData

Following the news that OYO’s growth strategy is currently being re-evaluated due to questions surrounding its ability to become profitable. Ralph Hollister, Analyst, Travel & Tourism...

23 January, 2020

Destination and resort spa visitation grew at a CAGR of 8.5% in Kenya between 2015 and 2019

Spa tourism in Kenya has been excelling at a swift rate. From 2015 to 2019, spa visitation grew at a compound annual growth rate (CAGR)...

22 January, 2020

Government’s Flybe rescue package not tackling underlying issues, says GlobalData

Following the announcement of a rescue plan for Flybe; Ralph Hollister, Travel & Tourism Analyst at GlobalData, offers his view on the situation: “The rescue package may...

16 January, 2020

Package holiday industry to be worth US$632bn by 2023

In light of the demise of the 178 year old operator, Thomas Cook, there has been much chaos and uncertainty surrounding the package holiday market. However,...

16 January, 2020

As UK government mulls Flybe action, it must choose between connectivity and green credentials

Following the news that the UK government is rumoured to be considering changes to air passenger duty as Flybe’s future hangs in the balance, Nick...

14 January, 2020

Uncertainty surrounding Flybe highlights wider industry issues

Following today’s news (Monday 13 January) that Flybe is reportedly holding crisis talks with the British government, Ben Cordwell, Travel & Tourism Analyst at GlobalData,...

13 January, 2020

Eradicating single-use plastics a key trend that will shape sustainable tourism in 2020

Sustainability is a megatrend in tourism due to the negative environmental, social and economic impacts the industry creates on a global scale. Ralph Hollister, Travel...

07 January, 2020

Despite current economic climate, international departures from Turkey will reach 12.2 million by 2023, says GlobalData

The number of international departures from Turkey is expected to increase from 10.1 million in 2018 to 12.2 million by 2023, despite recent issues affecting...

07 January, 2020

Acquisition of controlling stake by Hyundai Development Co’s consortium breather for Asiana Airlines, says GlobalData

Following the news that a consortium formed between South Korea-based construction company Hyundai Development Co (HDC) and Mirae Asset Daewoo has agreed to acquire controlling...

27 December, 2019

Sustainability, solo cruising and wearable technology to shape the cruise industry in 2020

As 2019 draws to a close, Laura Beaton, Research Analyst, Travel and Tourism at leading data and analytics company GlobalData, looks at the key trends...

19 December, 2019

South Korea holds strong outbound tourists’ growth compared to other APAC countries, says GlobalData

The South Korean outbound tourism market has overtaken India in international departures to emerge as the second highest outbound travellers’ destination from the Asia-Pacific (APAC)...

17 December, 2019

Oman to emerge as key GCC travel destination as international arrivals increase

Oman is a rising gem in the inbound Gulf Cooperation Council (GCC) traveler market with international arrivals having grown a total of 11.2% between 2017...

11 December, 2019

Aircraft issues, sustainability, regulation, consolidation and long haul low-cost profit problems to shape airline industry in 2020, says GlobalData

This year has been an eventful one in the airline industry. As 2019 draws to a close, Nick Wyatt, Head of R&A, Travel and Tourism...

10 December, 2019

Direct bookings, sustainability, accommodation sharing and personalization to characterize lodging industry in 2020, says GlobalData

As 2019 draws to a close, Nick Wyatt, Head of R&A, Travel and Tourism at leading data and analytics company GlobalData, looks at the key...

10 December, 2019