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The COVID-19 outbreak has caused mass cancellation of corporate events, international congress meetings, sports and social events. International travel bans in addition to the UK’s lockdown and social distancing measures are expected to severely impact the hospitality industry in the UK, says GlobalData, a leading data and analytics company. The hospitality and leisure industry contribute […]
Lodging providers begin to unveil new hygiene initiatives to meet change in traveler demands
Following the recent announcements from Airbnb and Hilton that new hygiene initiatives will be implemented; Ralph Hollister, Analyst, Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation: “Hilton’s plans to partner with sanitation specialists such as the company behind Lysol and the Mayo Clinic will help to […]
TripAdvisor layoffs relate to long-term objectives to simplify operations
Following the news that TripAdvisor is laying off 25% of its workforce – around 900 in total; Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers her view: “Tripadvisor has undoubtedly taken this action to mitigate the impacts of COVID-19 but this also relates to the broader initiative for […]
Incentives, an effective approach to boost the appeal of credit notes, says GlobalData
Cash conservation has become the top most priority as lack of demand is affecting the balance sheets. The credit note, an alternative to a cash refund, is now being widely used by the operators in their cancellation policies in a bid to preserve cash. The additional incentives are enhancing the appeal of credit notes that […]
IHG experiencing steep RevPAR decline but looks set to navigate through the pandemic, says GlobalData
IHG experiencing steep RevPAR decline but looks set to navigate through the pandemic, says GlobalData Following the announcement that IHG continues to expect Global RevPAR to decline about 25% in the first quarter; Ralph Hollister, Analyst, Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation: “Although these figures […]
Hotels need to demonstrate how they can ensure highest levels of hygiene post-COVID-19
The tourism sector needs to be prepared for considerable changes in consumer demands when restrictions are lifted and demand for travel returns. In particular, the lodging industry needs to be prepared for guests now demanding the highest levels of hygiene and sanitation, says GlobalData, a leading data and analytics company. Ralph Hollister, Travel & Tourism […]
Premature allowance of social movement may create negative long-term impact for China’s tourism, says GlobalData
As life slowly returns to normal in China, travel companies operating in the nation need to be careful of encouraging mass tourism at this early stage, says GlobalData, a leading data and analytics company. Rheanna Norris, Associate Analyst at GlobalData, comments: “Domestic travel is experiencing a rise and tourist hotspots reached capacity during the recent […]
Scotland tourism will benefit from utilizing unique technology
Following the news that Donald Emslie, chair of the Edinburgh Tourism Action Group, said it would take several years to get tourist numbers in Scotland back to previous levels; Amber Barnes, Travel and Tourism Analyst at GlobalData, a leading data and analytics company, offers her view on the recent announcement: “Scotland is one of many […]
Airbnb must adapt to changing consumer habits in a post-COVID-19 travel industry
Following the news that many travelers have had to cancel Airbnb reservations; Rheanna Norris, Associate Analyst at GlobalData, a leading data and analytics company, offers her view on how traveler priorities are likely to change when international borders are reopened: “Traveler priorities and spending power will be changed by the COVID-19 pandemic. In order to […]
UK Government must extend help for airlines but attaching conditions will make it more palatable for taxpayers
Following the announcement last night that Airlines UK is urging the UK Government to extend its job retention scheme beyond June; Nick Wyatt, Head of R&A and Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation: “An extension to the job retention scheme is necessary but further […]
COVID-19 is having a devastating impact on online estate agents, says GlobalData
Following the news that the share price of online estate agency Purplebricks fell 73% in 2020; Wafaa Hassan at GlobalData, a leading data and analytics company, offers her view: “A strong online presence has helped many companies survive and thrive during the COVID-19 lockdown. However, this has not been the case in every sector and […]
Travel agents that maintain an emotional connection with consumers through the pandemic will emerge stronger post COVID-19, says GlobalData
Travel brands hold an emotional attachment with their consumers but those that can introduce simple initiatives to maintain a connection with their customers throughout this global pandemic have a higher chance in retaining customer loyalty, says GlobalData, a leading data and analytics company. Johanna Bonhill-Smith, Travel & Tourism analyst at GlobalData, comments: “Post COVID-19, the […]
Travel and tourism sector witnesses decline in deal activity during the week ended April 19, says GlobalData
The number of deals announced in the global travel and tourism sector decreased by 39.1% during the week ended April 19, 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 COVID-19 and deal activity has remained inconsistent since the […]
China as tourist destination will take long time to bounce back from Covid-19 as brand image must be restored, says GlobalData
Pre Covid-19, China was predicted a steady CAGR of 2% between 2016 and 2020 reaching 63.9 million international arrivals, according to GlobalData, a leading data and analytics company. The outbreak originated in China and quickly spread globally. The effects of this severely impacted China as a tourism destination as well as Chinese travelers. China-outbound tourism […]
Air France advocates for loosening of EU passenger rights, says GlobalData
Following the meeting yesterday between Air France representatives and the French Commission for Sustainable Development and Spatial Planning to discuss a revision of the EU flight compensation regulation 261/2004 amidst the COVID-19 situation; John Vandesquille, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view: “With IATA estimating that the COVID-19 […]
Tour operators must resist temptation to relaunch holidays too soon, says GlobalData
Tour operators should look to remain visible in the marketplace but relaunching holiday programs too early will not only cause irritation, but humiliation if travel restrictions are extended longer than expected, says GlobalData, a leading data and analytics company. Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, comments: “Stating an actual date for when holiday […]
Request for government relief unsurprising for Booking Holdings
Following the news that Booking Holdings has applied for government relief in both the Netherlands and theUK; Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers her view: “Bookings are down by 85% in April in comparison to last year for Booking Holdings, thus it is of no surprise […]
Travel and Tourism marketing should aim to understand how consumer behaviour will change post-pandemic
Worldwide, this is a dark time for the travel industry. As global destinations remain closed and travel company operations continue to be wound down, the industry will increasingly look to its marketing functions to provide campaigns of hope or more simple communications to maintain their engagement with customers and let them know they are still operational, […]
Spike in domestic tourism expected in Australia, says GlobalData
Australia’s Minister for Trade’s warning that borders may stay closed until 2021 is expected to boost domestic tourism in the short term, says GlobalData, a leading data and analytics company. Rheanna Norris, Associate Analyst at GlobalData, comments: “Countries that are dependent on Australian tourism, such as Indonesia and New Zealand have already seen and will […]
Airbnb could lose significant portion of host community to long-term rental sites
Airbnb hosts around the world have been losing the vast majority of their bookings in recent months, many of them need a reliable form of income sooner rather than later. A growing number of hosts have deleted their Airbnb listings to make way for month-to-month leasing says GlobalData, a leading data and analytics company. Ralph Hollister, […]