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...
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...
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,...
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...
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...
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...
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...
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...
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...
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...
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,...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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....
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,...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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,...
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...
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...
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,...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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’...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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,...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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....
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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,...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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....
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...
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...
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...
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,...
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...
Thailand, Indonesia, Singapore and Malaysia have all experienced expansive growth within inbound European travelers. Vietnam however stands out as the one country in the region...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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)...
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...
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,...
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...
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,...
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...
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...
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...
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...
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)...
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...
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...
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...
Following the sudden announcement that Expedia’s CEO and CFO have been ousted; Nick Wyatt, Head of R&A and Travel & Tourism at GlobalData, a leading data...
The number of international travelers from Japan to France is set to grow from 1.1 million in 2019 to 1.3 million in 2023, increasing at...
In order to succeed within today’s travel industry, the importance of holding an online platform could not be more crucial. Global online travel agent market...
Following today’s news (Tuesday 19th November) that easyJet is relaunching its package holiday business as the airline looks to fill the gap left by Thomas...
By 2022, international arrivals to the North Africa region will grow from 31 million in 2018 to 37.4 million, posting a compound annual growth rate...
Following the announcement of MGM Resorts International results for Q3 2019, Johanna Bonhill-Smith, Travel and Tourism Analyst at GlobalData, a leading data and analytics company, offers...
Following the announcement of Wyndham Hotels & Resorts results for Q3 2019, Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, a leading data and analytics company,...
Following the release of Southwest Airlines’ Q3 2019 results, Laura Beaton, Travel and Tourism Analyst at GlobalData, a leading data and analytics company, offers her view: “An...
Following the announcement that Alaska Airlines generated better than expected results for Q3 2019, Johanna Bonhill-Smith, Travel and Tourism Analyst at GlobalData, a leading data and...
Traveling by sea throughout Australia is becoming a popular past time for the domestic travelers. As a result, cruise operators are increasingly joining forces to...
The number of tourists venturing to hotel/resort spas within China is forecast to double from 7.5 million in 2018 to 14.8 million by 2022, according...
Following today’s news that Hays Travel is to acquire 555 Thomas Cook stores from the Official Receiver, Nick Wyatt, Head of R&A, Travel & Tourism at...
The number of international travelers from India to the UAE is set to grow from 2.6 million in 2019 to 3.3 million in 2023, increasing...
