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GlobalData
GlobalData

Travel & Tourism

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 GlobalData, a leading data and analytics company, offers his view on the situation: “Although this deal seems to be just speculation, the enormity of this potential merger proves that […]
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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, comments: “The travel and tourism sector is among the worst hit due to the COVID-19 pandemic and deal activity in the sector has remained inconsistent since the outbreak. Though marginal, July’s growth marks the second consecutive month of growth in deal activity following three straight months of […]
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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 & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view on the government’s latest announcement: “The latest government announcement has the potential to effectively end the British holiday season. According to GlobalData, 31.6 million tourists from the UK made their way to Spain and France, in […]
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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 that bookings for Summer 2021 are up by 145% at TUI strike a note of optimism, but caution is still necessary as numerous customers continue to await refunds. […]
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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 in 2019, as it is yet another aspect that will elevate consumer angst and postpone recovery for neighboring Asian destinations, according to GlobalData, a leading data and analytics company. Johanna […]
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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 a spike in COVID-19 cases;  Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view on the latest development: “The latest government announcement […]
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