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GlobalData
GlobalData

Travel & Tourism

Taking on more debt a necessary evil for US airlines

Following the announcement that major US airlines have reached a deal in principle with the federal government to secure aid; Nick Wyatt, Head of R&A and Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation: “US airlines will need to take on additional debt as some of the government aid comes in the form of interest-bearing loans. While this is not the outcome they had hoped for, it is a necessary evil that may just secure […]
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Air Arabia and Etihad risking the success of joint venture low-cost airline

Following the announcement that Air Arabia and Etihad will not delay the launch of the joint venture low-cost carrier in Q2 2020; Amber Barnes, Travel and Tourism Analyst at GlobalData, a leading data and analytics company, offers her view: “Not delaying the launch could be setting the low-cost airline up for failure from the onset. In the short term the airline may prove to be an economic challenge due to current low demand that is seeing many airlines grounding fleets and seeking government help. “The future is extremely uncertain as the lengths of all travel restrictions […]
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Hong Kong recovery strategy could prove to be a success

Following today’s news that Hong Kong tourism chief, Dane Cheng, has stated that tourism will be returning back to normality in July and the destination will be focusing on attracting mainland visitors and new markets; Amber Barnes, Travel and Tourism Analyst at GlobalData, a leading data and analytics company, offers her view on the recent announcement: “China is a dominant source market for Hong Kong, accounting for 77% of arrivals in 2019. Focusing marketing efforts on this source market will also boost tourism numbers and allow Hong Kong decrease its recovery period. “Hong Kong tourist […]
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Cancer care will be disrupted by COVID-19, says GlobalData

As the COVID-19 pandemic continues to spread across the globe, cancer patients are experiencing disruptions in the treatment of their disease and are being advised to delay chemotherapy, says GlobalData, a leading data and analytics company. Sehrish Rafique PhD, Lead Analyst at GlobalData, comments: “In these uncertain times, medical oncologists must weigh the benefit of […]
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US Department of Transportation ruling could be detrimental to airline industry, says GlobalData

Recent instruction by the Department of Transportation will put airlines into further financial difficulty than they already are, says GlobalData, a leading data and analytics company. Rheanna Norris, Associate Analyst at GlobalData, comments: “Airlines rely upon cancellation and change fees as a reliable stream of revenue. The coping mechanism for many US-based airlines has been […]
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TUI and HostelWorld suspend dividends to ease financial difficulty, says GlobalData

As banks worldwide cancel dividend payments, more travel-related companies are following suit to keep cash flow circulating in a bid for survival. Both TUI, the European travel giant,and HostelWorld, a hostel-focused online booking platform, are some of the latest travel intermediaries to suspend dividend payments. This is happening industry wide, with major players across hotels, […]
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Hotels can increase operational efficiency through a range of small-scale initiatives, says GlobalData

Using this current downtime to prepare future operations for a post-COVID-19 business environment is a must for lodging companies, says GlobalData, a leading data and analytics company. Ralph Hollister, Travel & Tourism Analyst at GlobalData, comments: “It has become a necessity for hotel companies to furlough staff, halt expansion plans and impose pay cuts on […]
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Lack of staff commitment threatens future profitability for travel companies

Industry wide, travel companies are making staff adjustments to stay operational during this coronavirus-induced existential crisis, putting staff commitment under considerable strain, says GlobalData, a leading data and analytics company.  A de-motivated workforce will jeopardize the service level provided, in turn affecting the reputation, return on investment (ROI) and the financial performance of a company. Freezing recruitment, reducing working hours, decreasing pay, furloughing workers and, […]
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TUI’s refund confirmation critical to protecting brand reputation

Following the news that the UK’s biggest travel agency has confirmed refunds are still available for travelers, Johanna Bonhill-Smith, Travel and Tourism Analyst at GlobalData offers her view: “This clarification issued by TUI will no doubt ease customer’s minds thus aiding the reputation of the brand as smaller, independent agencies have begun eliminating refund requests. […]
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Royal Caribbean CEO pay cut highlights the financial burden of COVID-19, says GlobalData

Following the news that top bosses at Royal Caribbean Cruises are taking six-month pay cuts amid the coronavirus (COVID-19) crisis; Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “The current COVID-19 outbreak is putting enormous financial strain on all companies operating within the cruise sector. […]
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‘The COVID-19 International Travellers Guide’ app, just one of the initiatives travel companies are taking to build deeper relationships with their consumer base, says GlobalData

The uncertainty of the times threatens the future of the travel industry, however, operators that continue to touch base with their consumers now will emerge from this pandemic in a stronger position.  Johanna Bonhill-Smith, Travel and Tourism Analyst at GlobalData, offers her view on the way forward: “After a long period of social distancing and […]
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Insurance providers decision to withdraw cover creates another barrier for future travel, says GlobalData

Following the news that more insurance companies are withdrawing travel cover related to the outbreak of the coronavirus (COVID-19); Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers her view on the situation: “Travel insurance providers are under colossal pressure, as are all travel related industries, yet the decision […]
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