Travel & Tourism

TUI shop closures mark turning point for UK travel agents as 45% of global tourists will buy more products online, says GlobalData

Following today’s news that TUI is closing 166 travel agencies; Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, a leading data & analytics company offers her view: “This move from TUI UK is unsurprising after the European travel giant already declared initiatives to digitize operations in its half year results earlier this year. With 45%* […]

Travel & Tourism

Foreign Office’s latest announcement a huge blow to Europe’s tourism recovery, says GlobalData

Following news that the Foreign Office has extended its advice against all but essential travel to the whole of Spain; Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view on the latest announcement: “The government’s sudden announcement will make British holidaymakers nervous about traveling to any country […]

Travel & Tourism

Paris’ attempt to tackle illegal Airbnb rentals is a positive but insufficient step, says GlobalData

Following the news that the City of Paris is proposing a project aiming to amnesty illegal Airbnb owners in exchange for their properties to go back on the long-term rental market; John Vandesquille, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view: “After deploying a range of repressive measures […]

Travel & Tourism

South American tourism impacted by loss of US spending, yet growth is identifiable

US spending into South America is forecast to drop by 44.4% between 2020 and 2021 as travel restrictions due to COVID-19 have stymied visitor flows. Having featured in the top ten international arrivals in all the five major economies across South America in 2019, the reduction of this source of market will be detrimental for […]

Travel & Tourism

MICE tourism may never fully recover from COVID-19 as international business arrivals set to fall by 35.3% in 2020

Meetings, incentives, conferencing and exhibitions (MICE) tourism was one of the first types of tourism to be impacted by the global spread of COVID-19 and it could be one of the last to fully return as international business arrivals are projected to fall by 35.3% in 2020, according to GlobalData, a leading data and analytics […]

Travel & Tourism

Third of US consumers will reduce frequency of travel in ‘new normal’, says GlobalData

A third (32%) of US respondents have stated that they will reduce domestic and international travel, while almost half (48%) revealed that they will also now dine at home, instead of in restaurants, according to a survey* by GlobalData, a leading data and analytics company. When combined with an expected fall in domestic trips by […]

Travel & Tourism

Long haul travel preparations should be considered for eager UK millennials

UK millennials are the most likely to book an international trip in 2020 – with 49% agreeing* that they would rebook in a survey by GlobalData. Short haul travel trips to European destinations have now come into play, but the government need to collaborate with the aviation industry in order to start considering how long-haul flight operations will […]

Travel & Tourism

FCO’s latest announcement adds more confusion to the return of cruises

Following news that the FCO only advises against ‘sea-going’ cruise ship travel; Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view on the FCO’s announcement: “The FCO’s latest announcement is a ‘U-Turn’ on the statement released last week, advising against travel on all types of cruises. Although, […]

Travel & Tourism

Mixed messages for the Japanese population as Tokyo’s COVID-19 alert level is raised, says GlobalData

Following the news that the Japanese capital of Tokyo is now back at the maximum COVID-19 alert level amidst an increase in the number of COVID-19 cases; John Vandesquille, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view: “A new wave of COVID-19 is hitting Tokyo, which just has […]

Travel & Tourism

Lisbon’s ‘Renda Segura’ program could be problematic for Airbnb if successful, says GlobalData

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 affordable housing; Ralph Hollister, Analyst, Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation: “Airbnb’s unique business model, which once offered the […]

Travel & Tourism

FCO announcement is major blow to British cruise industry, says GlobalData

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, offers his view of the impact on the industry: “The FCO’s announcement comes at a time when there are no major cruise lines planning to sail imminently in the […]

Travel & Tourism

Lack of high-spending US travelers will prolong economic recovery of dependent EU destinations, says GlobalData

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 the US surge, this invaluable source market is still a long way from recovery, which will only make matters worse for EU destinations that are major beneficiaries from US tourism, […]

Travel & Tourism

Millennial influencers will be indispensable in travel sector recovery

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 international travel, however according to a survey by GlobalData, a leading data and analytics company, *35% of Gen Z and *48% of Gen Y are still extremely concerned about COVID-19. […]

Travel & Tourism

UK domestic tourism trips down by a FIFTH due to COVID-19 from 122 million in 2019 to 95 million in 2020

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 from 122.2 million in 2019 to 95 million in 2020, according to GlobalData, a leading data and analytics company. The UK travel and tourism industry has taken a real battering […]

Travel & Tourism

Volatile MCap changes illustrate tourism sector uncertainty amid COVID-19, says GlobalData

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 investors, all fueled by the COVID-19 pandemic. Collective volatility in MCap also denotes the interdependency of tourism sub sectors faced with the same challenges says GlobalData, a leading data and […]

Travel & Tourism

Germany’s European Council leadership offers possibilities for post-Brexit defense cooperation, says GlobalData

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 the situation: “Germany’s future actions as leader of the European Council (EC) will offer valuable possibilities for the UK in the post-Brexit defense landscape. While Germany’s defense minister stating […]

Travel & Tourism

Greece must attract its largest source market to reboot vital part of its economy

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 seen that projection fall to 24.3 million, according to the latest figures from GlobalData, a leading data and analytics company. Nevertheless, TUI announced that the German market has been showing […]

Travel & Tourism

easyJet’s aggressive cost-cutting plans could be too drastic, says GlobalData

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 are at risk of redundancy, as well as a third of its entire workforce; Ralph Hollister, Analyst, Travel & Tourism at GlobalData, a leading data and analytics company, offers his […]

Travel & Tourism

Backpacker hostels could struggle to survive, says GlobalData

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, hostels will struggle to survive. They need to proactively diversify their revenue streams, as well as play to their strengths and surroundings – for example, if a hostel is near […]

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Travel & Tourism

TUI shop closures mark turning point for UK travel agents as 45% of global tourists will buy more products online, says GlobalData

Foreign Office’s latest announcement a huge blow to Europe’s tourism recovery, says GlobalData

Paris’ attempt to tackle illegal Airbnb rentals is a positive but insufficient step, says GlobalData

South American tourism impacted by loss of US spending, yet growth is identifiable

MICE tourism may never fully recover from COVID-19 as international business arrivals set to fall by 35.3% in 2020

Third of US consumers will reduce frequency of travel in ‘new normal’, says GlobalData

Long haul travel preparations should be considered for eager UK millennials

FCO’s latest announcement adds more confusion to the return of cruises

Mixed messages for the Japanese population as Tokyo’s COVID-19 alert level is raised, says GlobalData

Lisbon’s ‘Renda Segura’ program could be problematic for Airbnb if successful, says GlobalData

FCO announcement is major blow to British cruise industry, says GlobalData

Lack of high-spending US travelers will prolong economic recovery of dependent EU destinations, says GlobalData

Millennial influencers will be indispensable in travel sector recovery

UK domestic tourism trips down by a FIFTH due to COVID-19 from 122 million in 2019 to 95 million in 2020

Volatile MCap changes illustrate tourism sector uncertainty amid COVID-19, says GlobalData

Germany’s European Council leadership offers possibilities for post-Brexit defense cooperation, says GlobalData

Greece must attract its largest source market to reboot vital part of its economy

easyJet’s aggressive cost-cutting plans could be too drastic, says GlobalData

Backpacker hostels could struggle to survive, says GlobalData

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