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The hefty fines announced this week for significant data breaches at British Airways and Marriott have brought cybersecurity measures at major corporations into stark focus. Nick Wyatt, Head of R&A, Travel & Tourism at GlobalData, a leading data and analytics company, offers his view: “In a survey conducted by GlobalData, 37% of respondents stated that […]
Outbound spending of Mexican travelers set to reach US$16.9bn in 2023
The number of Mexican travelers spending on outbound travel is set to increase at a compound annual growth rate (CAGR) of 4.43% from US$13.6bn in 2018 to US$16.9bn in 2023, according to GlobalData, a leading data and analytics company. GlobalData’s latest report: ‘Tourism Source Market Insight: Mexico’ reveals that this growth is driven by increasing […]
British Airways’ £183m fine a wake-up call for other companies
British Airways is facing a record fine of £183m for last year’s security breach. Nick Wyatt, Head of R&A, Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on what this means for other companies: “We’ve been saying for a long time that companies in the travel & tourism sector […]
Despite Brexit, UK visitor numbers to Europe set to reach 64.4 million in 2023
UK departures to Europe are set to grow at a compound annual growth rate (CAGR) of 2.88% from 55.9 million in 2018 to 64.4 million in 2023, according to GlobalData, a leading data and analytics company. GlobalData’s latest report: ‘Tourism Source Market Insight: United Kingdom’ reveals that growth is set to continue, despite the threats […]
Number of luxury hotels in the US to reach 1,123 by 2022
The US will have 1,067 luxury hotels by the end of 2019. This is expected to increase to 1,123 by 2022, at a compound annual growth rate (CAGR) of 1.7%, driven by increasing numbers of Chinese tourists, says GlobalData, a leading data and analytics company. GlobalData’s latest report: ‘Destination Market Insights: US’ states that although […]
36% of global consumers would buy fewer chocolate if a sugar tax was introduced
With countries such as the UK considering a new taxation on sugar confectionery in 2020 if manufacturers fail to decrease their sugar content by 30%, chocolate and confectionery brands are compiling new tactics and strategies in order to stay in front of their competitors, says GlobalData, a leading data and analytics company. Whilst Cadbury replaced […]
Outbound traveller departures from Russia to reach 50.2 million by 2023
After years of uncertainty due to economic instability, the number of outbound travellers departing from Russia is set to increase overall by 10.4% by 2023 from 45.3 million in 2018 to 50.2 million in 2023, says GlobalData, a leading data and analytics company. GlobalData’s latest report: ‘Tourism Source Market Insight: Russia’ reveals that with improved […]
Younger demographics key to optimizing online brand sales and product discovery
According to the latest research by GlobalData, a leading data and analytics company, 82% of global consumers claim to own and use a smartphone every day, however just 38% of them say that they use it to make online purchases. IMAGE FOR PUBLICATION: Please click here for enlarged chart George Henry, Consumer Analyst at GlobalData […]
Subscription shopping services target 34% of consumers in the baby and child care space
Subscription-based shopping services are reportedly booming, with an increasing array of products and services becoming available via this method. However, globally, most consumers are likely to be interested in a regular subscription-based service to buy products for their children compared to other types of goods, according to GlobalData, a leading data and analytics company. Melanie […]
Amorepacific collaborates with Lazada to accelerate its digital presence in Southeast Asian beauty market
Following the news that Amorepacific, South Korea’s leading beauty brand, has signed a Memorandum of Understanding (MOU) with Southeast Asia’s leading e-commerce platform, Lazada Group, to expand its brand outreach across Southeast Asia, Shagun Sachdeva, Consumer Insights Analyst at GlobalData, a leading data and analytics company, offers her view: “With this collaboration, Amorepacific aims to […]
AI-created whisky heralds future where craftsmanship is replaced by computers, says GlobalData
Tech giant Microsoft collaborated with Swedish distillery Mackmyra and Finnish consultancy Fourkind to create the world’s first whisky developed using artificial intelligence (AI). The partnership signals a potentially new wave of innovation whereby craftsmanship becomes displaced by machine learning, says GlobalData, a leading data and analytics company. Whisky making is widely revered as an art, […]
Amazon all set to offer class-apart travel experiences for Indian app-users by collaborating with Cleartrip
Following the news that Amazon has formed a partnership with travel portal Cleartrip to launch a domestic flight booking feature through Amazon Pay in India, Shagun Sachdeva, Consumer Insights Analyst at GlobalData, a leading data and analytics company, offers her view: “Amazon’s collaboration with Cleartrip to facilitate flight booking services is in line with Amazon’s growing […]
Ryanair results are far from disastrous, but company is right to urge caution
Ryanair today announced its results for the financial year ended March 2019. Nick Wyatt, Head of Research and Analysis for Travel & Tourism at GlobalData, a leading data and analytics company, offers his view: “Ryanair’s results shouldn’t come as a huge surprise as the company has issued two profit warnings in the last year. But […]
Coles targets consumers across healthy eating spectrum with Wellness Road range in Australia
Australian grocery retailer Coles Supermarket has launched a new ‘Wellness Road’ range of foods to give health-conscious customers a more affordable range of nutritious options. By branching out into health foods, Coles is carving out its own health-aligned positioning and communicating to shoppers that it is striving to help Australians improve their diets and live […]
Funds from the sale of Thomas Cook airlines have potential to provide capital for new destinations
Following the release of Thomas Cook Group Half Year Results 2019, Johanna-Bonhill Smith, Associate Analyst for Travel & Tourism at GlobalData, a leading data and analytics company, offers her view: “A whopping loss of £1.4bn for Thomas Cook six months prior to March highlights changing attitudes of consumers. Within the same respective time frame last […]
ITC plots RTD dairy beverage portfolio expansion in India to cater to discerning customers, says GlobalData
Following the news that Indian multinational conglomerate company ITC Ltd, plans to expand its dairy beverages portfolio to the rest of the country, Shagun Sachdeva, Consumer Insights Analyst at GlobalData, a leading data and analytics company, offers her view: “ITC is trying to crack the relatively high margin value-added milk-based products and at the same […]
Improved employment opportunities to drive Australian meat market through 2023, says GlobalData
Riding on improved employment rate coupled with growing household consumption, the Australian meat market is expected to grow at a compound annual growth rate (CAGR) of 2.3% from A$18.3bn (US$13.9bn) in 2018 to A$20.4bn (US$15.9bn) in 2023, says GlobalData, a leading data and analytics company. GlobalData’s latest 2019 report, ‘Country Profile: Meat in Australia’, reveals […]
JetBlue’s transatlantic flights stand a good chance of being successful
JetBlue announced yesterday (10 April 2019) that it is to commence flights from the United States to the UK. Nick Wyatt, Head of Research & Analysis, Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the announcement: “JetBlue’s announcement that it is to commence transatlantic flights in 2021 comes […]
Flying taxis will become a reality by 2030; dramatically affecting the tourism industry
Airspace above cities is becoming increasingly valuable as the concept of pilotless flying vehicles is becoming more of a reality. This will potentially have a dramatic effect on the tourism industry as travelers flock to the early-adopting countries to take a first-hand look at the new technology, says GlobalData, a leading data and analytics company. […]
Kellogg’s cookie sale part of an emerging trend for portfolio consolidation
Following the news that Kellogg Company has reached an agreement to sell Keebler Cookies and other related businesses to Ferrero, Richard Parker, Principle Consumer Analyst at GlobalData, a leading data and analytics company, offers his view on this latest development: “Kellogg’s divestiture reflects an emerging trend for portfolio consolidation and the company’s commitment to focusing on […]