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GlobalData
GlobalData

Travel & Tourism

Financial investment critical for travel operators but a conservative approach must be taken

Travel companies seeking additional aid from investors again and again will not only damage future balance sheets due to increased debt levels but also impact brand credibility. A conservative approach is critical for travel companies that have secured financial investment, as the duration of COVID-19’s impact remains unclear says GlobalData, a leading data and analytics […]
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lm holdings likely to play key role in consolidation of travel intermediaries

Following the announcement of lm holdings’ (previously known as Lastminute.com) Q1 financial results; Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers her view: “Consolidation is likely among larger travel players such as Expedia and Booking Holdings post-pandemic, but lm holdings is a key online retailer across many markets. The […]
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Marriott results illustrate competence

Following the recent announcement of Marriott’s Q1 results; Ralph Hollister, Analyst, Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation: “Marriott significantly missed already lowered estimates for first-quarter profit. Alike its competitors, bookings plunged in the later stages of Q1 as restrictions on movement became more draconian […]
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Domestic tourism could be the lifeline for COVID-19 hit tourist destinations such as Thailand

The impacts from COVID-19 have been felt worldwide with travel restrictions, lockdowns and cancellations of major events. Pre-COVID-19, tourist destinations were predicted to hit 1.6 billion international arrivals globally in 2020, and tourism is a major contributor to the economy, providing 10% to global GDP. Amber Barnes, Travel and Tourism Analyst at GlobalData, says: “It is critical for destinations, in particular tourism-reliant destinations, to create strategic actions to be able to recover from COVID-19. These must be implemented now otherwise […]
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Travel and tourism sector witnesses 8.3% decline in deal activity during the week ended May 3, 2020, says GlobalData

The number of deals announced in the global travel and tourism sector decreased by 8.3% during the week ended May 3, 2020, compared to the previous week, according to GlobalData’s deals database. Aurojyoti Bose, Analyst at GlobalData, comments: “The sector has been hit badly due to the COVID-19 outbreak and deal activity has remained inconsistent […]
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Surge in M&A activity likely for hotel industry post-COVID-19

Many smaller hotel companies will have no choice but to combine with their larger counterparts in order to survive post-COVID-19, creating a more consolidated industry in the process, says GlobalData, a leading data and analytics company. Ralph Hollister, Travel & Tourism Analyst at GlobalData, offers his view: “The number of announced mergers and acquisitions (M&A) […]
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Lufthansa Group wants financial help without ceding influence

Following the news that the Austrian Chancellor met the CEO of Lufthansa Group to discuss the future of Austrian Airlines; John Vandesquille, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view: “Lufthansa’s request to the Austrian conservative-green government for more than US$835m of public aid for its subsidiary Austrian […]
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South Africans see impacts of COVID-19 worsening

Consumer uncertainty is one of the greatest barriers facing the travel industry, and despite cases of COVID-19 stabilizing across South Africa, 70% of South African respondents in a recent survey by GlobalData, a leading data and analytics company, say they are still extremely concerned about the impact of COVID-19 – in comparison to the 1% […]
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Virgin Atlantic’s plea for survival should act as stark warning for competitors

Richard Branson’s recent plea for help highlights the current state of the airline industry, says GlobalData, a leading data and analytics company. Rheanna Norris, Associate Analyst at GlobalData, comments: “There is a possibility that the Virgin brand could disappear from the global aviation industry altogether. Virgin Australia is in voluntary administration, the rebranding of UK […]
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Airlines likely to be smaller post-COVID

Following recent announcements made by several airlines, speculation has grown that some of the world’s largest airlines will shrink: Nick Wyatt, Head of R&A and Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation: “Announcements made over the last week or so point in one direction: airlines […]
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