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GlobalData

Travel & Tourism

Outbound tourism from Poland to recover to pre-pandemic levels by 2024 as COVID-19 travel restrictions are eased, says GlobalData

Weakened traveler confidence, combined with strict COVID-19 measures, saw Poland’s outbound tourism numbers shrink to a fraction of what they were in 2019, says GlobalData. Figures from the leading data and analytics company reveal that outbound tourism from Poland declined by 62.7% year-on-year (YoY) from 2019 to 2020, to just 6.8 million international departures. However, […]
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Qantas’ new long haul flights could impact the UAE’s post-pandemic recovery due to less layover traffic in its airports, says GlobalData

The United Arab Emirates’ (UAE) aviation sector will likely find Qantas’ continuing announcements of direct long-haul routes concerning as they eliminate the need for layovers and stopovers, says GlobalData. According to the leading data and analytics company, full-service passenger airline revenue in the UAE is forecast to reach 95% of pre-pandemic (2019) levels in 2022. […]
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Ryanair’s increased summer capacity shows low-cost airlines will emerge strongly from the pandemic, says GlobalData

Rising living costs and increased airfares will lead to passengers, who may traditionally prefer to stay loyal to national flag carriers, booking with low-cost airlines. Ryanair’s  plans to increase its capacity to above pre-pandemic levels shows that the low-cost airlines segment will emerge from the pandemic stronger than ever, found GlobalData, a leading data and […]
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Tourist boards look to their national cuisine to gain a competitive advantage over rival destinations, says GlobalData

As the travel industry’s recovery starts to gather pace, many tourist boards are looking to differentiate themselves from rival destinations by focusing on their cuisine rather than traditional natural hot spots, cities, or coastal locations, observes GlobalData, a leading data and analytics company. According to GlobalData’s Ads Database, Destination Marketing Organizations (DMOs) for Turkey, Malta, and […]
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Qantas’ proposed ‘wellbeing zone’ is set to change long-haul flights due to strong health and wellness offerings, says GlobalData

Australian flag carrier Qantas’ plans for a ‘wellbeing zone’ onboard its aircraft, which will give passengers a physical place to meditate, stretch and relax on long-haul flights, could be a gamechanger for full-service carriers looking to differentiate themselves from Low-Cost Carriers (LCCs) operating similar long-haul routes, according to GlobalData, a leading data and analytics company. […]
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Lack of Russian tourists due to the Russia-Ukraine conflict will leave a void in this summer’s European travel market, says GlobalData

With the EU banning Russian aircraft from operating in its airspace due to Russia’s invasion of Ukraine, these nations are likely to receive very few Russian tourists this summer says GlobalData. According to the leading data and analytics company, Russia was the fifth ranked country globally in terms of international departures in 2021, with 13.7 […]
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Outbound tourism from South Korea set to boom with COVID-19 travel restrictions easing up, observes GlobalData

Due to plummeting traveller confidence and stringent COVID-19 measures, outbound tourism from South Korea reduced to mere fractions of what they were in pre-pandemic times. Nevertheless, with the country now easing some of its pandemic restrictions, tourism demand among South Korean travelers is set to flourish, finds GlobalData, a leading data and analytics company. GlobalData’s […]
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Subscription services could potentially transform the travel industry following decline caused by the COVID-19 pandemic, says GlobalData

Subscription services have disrupted almost every industry, but the customer-focused model remains relatively nascent in the travel industry, observes GlobalData. The leading data and analytics company notes that its popularity could rise as travel subscriptions, whereby travelers typically pay a monthly fee to receive benefits such as discounted prices and personalized travel content, represent a […]
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Eco badges will grow in importance for tourism industry as travelers seek increased transparency, says GlobalData

Many travelers now require higher levels of transparency from companies in terms of their environmental performance, with GlobalData’s poll* finding that almost 75% of global consumers agreed that the introduction of sustainability labels on products should be mandatory. The leading data and analytics company notes that these badges help tourism companies to boost transparency, offer […]
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Dark tourism attractions must balance education and memorialization with commodification, says GlobalData

A rise in dark tourism—where travelers visit historical sites of death and disaster—is creating ethical challenges for authorities, according to GlobalData. The leading data and analytics company notes that site managers should tread carefully to avoid trivializing the event being memorialized. Dark destinations can vary from sites of death such as graves, cemeteries, mausoleums, ossuaries […]
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Trip.com shows resilience and innovation to lead global travel industry, observes GlobalData

Chinese online travel player Trip.com Group has shown resilience and emerged as a global leader despite the ongoing COVID-19 challenges and highly competitive tourism industry. The company reported $3.1bn unaudited net revenue in 2021, representing a 11.9% year-on-year (YoY) increase from 2020. The success can largely be attributed to a series of strategic partnerships and […]
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Sykes Cottages acquisition of Forest Holidays puts it in a strong position to cash in on UK domestic tourism boom, says GlobalData

After acquiring yet another UK holiday firm in Forest Holidays, Sykes Cottages has positioned itself well to capitalize on the booming staycation market in the UK, observes GlobalData. The leading data and analytics company’s projections show that the UK should expect approximately 123 million overnight domestic trips this year. This statistic is a 23% Year-on-Year […]
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Deal activity in travel and tourism sector improved by 1.8% in Q1 2022 compared to Q1 2021, finds GlobalData

A total of 289 deals* were announced in the global travel and tourism sector during Q1 2022, according to GlobalData, a leading data and analytics company. An analysis of the company’s Financial Deals Database reveals that this is a growth of 1.8% compared to the 284 deals that were announced in Q1 2021. Aurojyoti Bose, Lead Analyst […]
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Staff shortages at UK airports could prolong recovery at a time when international trips are set to dramatically increase, says GlobalData

Manchester Airports Group has significantly increased the number of active jobs available on its career pages, with open positions increasing from 65 in December to 110 in February, according to GlobalData. However, the leading data and analytics company notes that only 36 positions were closed in this period – an ominous sign of things to […]
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Travel companies in dilemma whether to incorporate surcharges due to rising energy prices, finds GlobalData

Holiday surcharges are a real possibility in the travel and tourism industry as companies grapple with the rising energy prices. Segments such as lodging, transportation and tourist attraction etc., will certainly be impacted. Therefore, travel and tourism businesses will be in dilemma whether to pass these additional costs on to the consumers or absorb the […]
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Turkey to benefit from rise in budget-conscious travelers due to the cost-of-living crisis, says GlobalData

With traveler confidence taking yet another hit amid the rising cost-of-living across Europe, Turkey* will emerge as the destination of choice for budget-conscious travelers in 2022, finds GlobalData, the leading data and analytics company. Research from GlobalData’s Traveler Spending Patterns database shows that in-destination spending is relatively low in Turkey, despite the average stay for […]
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Positive sentiment towards health and wellness holidays grows amongst Spanish travellers due to COVID-19 pandemic, according to GlobalData

According to GlobalData’s recently published report, ‘Source Market Insight: Spain (2022),’ the pandemic’s impact on mental health has spurred greater demand for health and wellness holidays among Spanish travellers. These types of trips range from spas and relaxation, to retreats focusing on areas such as diet, meditation, and yoga. These holidays should help alleviate stress, […]
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