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GlobalData

Travel & Tourism

Hotel industry is resilient and will bounce back as impact of COVID-19 lessens

The hotel industry’s vulnerabilities are multi-faceted, but its ability to deal with impacts associated with these vulnerabilities in the past stands it in good stead to overcome the coronavirus (COVID-19) pandemic, Ralph Hollister, Analyst, Travel & Tourism at GlobalData, offers his view: “It is imperative that hotels across the globe remember how they have overcome a range of past crises such as natural disasters, the SARS outbreak and acts of terrorism when thinking through their strategies to handle the COVID-19 crisis. “As the impact of COVID-19 lessens and demand increases, it is crucial that hotels […]
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Lack of consumer spending is one of the greatest threats facing global travel intermediaries, says GlobalData

Last year saw US$1.9 trillion spent on outbound global travel. Times of economic downturn, political instability and, in this case, a global pandemic will reduce both the ability and willingness to travel, severely affecting consumer spending for 2020. Ultimately, all companies are at risk amid the outbreak of the coronavirus (COVID-19), from the traditional in-store […]
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Hotels are right to prioritize loyalty schemes over rate reductions during and after COVID-19 pandemic, says GlobalData

Major players in the hotel industry are using loyalty schemes in order to create value for their customer base and increase demand during and after the coronavirus (COVID-19) pandemic. Ralph Hollister, Analyst, Travel & Tourism at GlobalData, offers his view: “Instead of advertising future room rates at discounted prices, offering perks through loyalty schemes means […]
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Coronavirus could cause long-term pain for French regional airport network

Following the temporary closure of a number of significant French airports (Paris Orly Airport, Montpellier-Méditerranée and Nantes-Atlantique) as a result of the coronavirus (COVID-19) pandemic; John Vandesquille, Research Analyst at GlobalData, a leading data and analytics company, offers his view: “These closures will prove very costly for the companies managing them and resuming activities at the end of the crisis will certainly be […]
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UK aviation industry in dire need of help, says GlobalData

Government intervention in the airline industry has been almost inevitable since it became clear that the coronavirus (COVID-19) was more than a short-lived phenomenon. Following the news that easyJet has grounded its entire fleet, the need for support has crystalized; Nick Wyatt, Head of R&A and Travel & Tourism at GlobalData, a leading data and […]
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Securing finance will be key to cruise industry survival amid coronavirus pandemic

Following the news that Royal Caribbean has agreed a $2.2bn loan facility with banks to shore up cash flows as the coronavirus (COVID-19) pandemic hits travel companies; Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “Given that cruise operations could be restricted for months; it is crucial that businesses secure finance to ensure they can navigate a period […]
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Sustainability drive means EU must act on ghost planes

Following EU Commission President Ursula van der Leyen’s statement that the EC is looking to introduce temporary measures to curb the use of ghost planes; Nick Wyatt, Head of R&A and Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation: “Given ambitious carbon emissions targets, it is […]
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