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Travel & Tourism

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UK international travel facing a bleak future for the next few months

The UK Government has announced that outbound tourists will have to make a declaration proving their journey is for essential purposes. If successful, inbound UK residents will be faced with a mandatory 10-day hotel quarantine when returning from 22 high risk countries including South Africa, Portugal and South American nations; Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers her view: “With no end-date in sight for the new travel restrictions on both outbound and inbound travel, a rapid surge in […]
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Wizz Air’s Abu Dhabi launch will provide much-needed low-cost competition

The launch of Wizz Air’s Abu Dhabi arm could pay dividends for the low-cost carrier by tapping into underserved markets and support the emirate by stimulating inbound tourism. This recent development reinforces the necessity for low-cost competition, and the airline will support the stimulation of leisure demand to the UAE during and post-COVID-19, according to GlobalData, a leading data and analytics company. Gus Gardner, Travel and Tourism Analyst at […]
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‘Airbnb of the outdoors’ – $300m Hipcamp valuation points to sustained demand for rural domestic trips, says GlobalData

Hipcamp’s closure of a $57m Series C funding round brings its internal value to more than $300m – more than double its value in 2019. This massive jump in the valuation of the outdoor bookings business reflects the recent global tourism trend whereby domestic trips in rural locations is driving leisure demand recovery, says GlobalData, […]
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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 associations like International Air Transport Association (IATA). These digital passes and certificates intend to lower the risk of COVID-19 infection by providing accurate health status (in terms of COVID-19) details […]
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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 draws to a close, Travel & Tourism Analyst Ralph Hollister offers his view on these trends. Hollister notes: “Hotels that cannot provide more secluded spots or offer increased booking flexibility could be at risk of losing out […]
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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 with a lack of efficient customer service, give leading service providers an opportunity to boost direct bookings in post-pandemic travel. Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, comments: “OTAs dominate the online travel market space, but the lack of efficient refund policies in place has been […]
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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 Bose, Lead Analyst at GlobalData, comments: “Deal activity in the travel & tourism sector has remained inconsistent since the COVID-19 outbreak. After showcasing improvement during the previous month, deal activity in the sector plummeted once again in November. The decline can be attributed to subdued activity in some of the key markets including the […]
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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 analytics company. The company’s latest report, ‘Source Market Insight: Canada (2020)’, reveals that the country’s year-round warm climate, an abundance of direct flights between the two nations, and extensive beaches will continue to increase international visitation from Canada, […]
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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 a key discussion agenda in the earning transcripts of airline operators worldwide, according to the Filing Analytics tool by GlobalData, a leading data and analytics company. Airline companies may be able to use cargo services as a risk-mitigation strategy amid volatile market conditions following COVID-19. Rinaldo Pereira, […]
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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 arrivals. Therefore, the country hosted the first physical travel trade show (Travel Revive) in Asia since the COVID-19 outbreak to boost inbound Meetings, Incentives, Conferences, Exhibitions (MICE) tourism. By collaborating […]
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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 had hoped would spur domestic travel. Johanna Bonhill-Smith, Travel & Tourism Analyst, offers her view:  “Domestic tourism has been referred to as the ‘lifeline’ for tourism recovery during COVID-19 and as Thanksgiving is now upon the US, this would have been thought of as a ‘light’ for the US tourism sector. However, the Centers for Disease […]
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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 in a net profit of $219m for Q3 2020, says GlobalData, a leading data and analytics company. Ralph Hollister, Travel & Tourism Analyst at GlobalData, comments: “Internally, the company re-focused on its core markets, concentrating on profitability instead of quick growth. Externally, the company focused […]
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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 GlobalData, a leading data and analytics company. The online travel intermediary market value already easily exceeds that of offline, reaching US$14.1bn in 2019 compared to US$9.2bn for in-store in Canada. […]
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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 potential speed of Virgin Hyperloop could, in theory, enable travelers to dart between Gatwick and Heathrow airports, 45 miles apart on opposite sides of London, in four minutes. Furthermore, if […]
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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, Lead Analyst at GlobalData, comments: “Despite being the hardest hit industry due to the COVID-19 pandemic, the travel and tourism sector managed to reverse the decline that was witnessed during the previous month, which was driven by improved deal activity in North […]
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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 it will take for business travel to recover as the pandemic is brought under control. Many companies that heavily utilized corporate travel will be in no rush to resume pre-pandemic levels in order to save on costs and effectively streamline in the short-to-medium-term, […]
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