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GlobalData

Travel & Tourism

‘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 of Travel & Tourism and Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Increasing consumer confidence is the only way for the travel and […]
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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 years, from the 17 million visitors the country welcomed in 2019, says GlobalData, a leading data and analytics company. An increase on this scale now appears overly ambitious, with the massive impact that the […]
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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 – combined with the ongoing impact of COVID-19 – does not provide the US tourism sector with a great deal of optimism, says GlobalData, a leading data and analytics company. Ralph Hollister, Travel & Tourism Analyst at GlobalData, […]
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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 restrictions on international travel. Consequently, rail travel is likely to benefit – although it is highly unlikely that it will surpass air travel in terms of international travel, says GlobalData, a leading data and analytics company. According to GlobalData’s latest global survey*, […]
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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 Bose, Lead Analyst at GlobalData, comments: “The travel and tourism sector is among the worst hit due to COVID-19, and deal activity in the sector has also remained inconsistent since the outbreak. After showcasing improvement for three consecutive months, deal activity in the sector plummeted once again in September.” […]
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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 leading data and analytics company, offers his view on the situation: “Flybe re-starting flights as early as next year will provide some much needed optimism for the UK and its […]
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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, among respondents in GlobalData’s Q3 2019 global consumer survey*, but their choices are expected to shift to prioritize green, outdoor spaces for leisure.  With iconic cities across Europe re-introducing lockdown measures, closing […]
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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 GlobalData, comments: “Right now, economic concerns are one of the most critical factors driving consumers’ decisions. Over the next month, 30% of GlobalData’s survey respondents said they see the economic situation in the UK getting ‘considerably worse’ and 43% see it getting ‘slightly worse’. […]
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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 the only obstacle for future profitability for travel operators, says GlobalData, a leading data and analytics company. Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, comments: “38% of GenZ and 41% of millennials desire to hear news about a brand’s sustainability initiatives […]
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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 GlobalData, a leading research and consulting company, offers his view: “Uttarakhand has taken a balanced approach in removing the travel restrictions and presented some significant learnings for the other […]
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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. Hotel operators’ sentimental growth was influenced by improvements in occupancy rates, while airline companies’ sentiments were largely influenced by enhanced liquidity. Rinaldo Pereira, Senior Business Fundamentals Analyst at GlobalData, says: […]
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