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GlobalData
GlobalData

Travel & Tourism

Acquisition of controlling stake by Hyundai Development Co’s consortium breather for Asiana Airlines, says GlobalData

Following the news that a consortium formed between South Korea-based construction company Hyundai Development Co (HDC) and Mirae Asset Daewoo has agreed to acquire controlling stake in loss-making carrier Asiana Airlines Inc. for KRW2.5 trillion (US$2.2bn); Aurojyoti Bose, Lead Analyst at GlobalData, a leading data and analytics company, offers his view: “The acquisition, which also […]
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South Korea holds strong outbound tourists’ growth compared to other APAC countries, says GlobalData

The South Korean outbound tourism market has overtaken India in international departures to emerge as the second highest outbound travellers’ destination from the Asia-Pacific (APAC) region, says GlobalData, a leading data and analytics company. International departures from China dominate the total outbound travelers from the APAC region; however, South Korea is likely to be a […]
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Aircraft issues, sustainability, regulation, consolidation and long haul low-cost profit problems to shape airline industry in 2020, says GlobalData

This year has been an eventful one in the airline industry. As 2019 draws to a close, Nick Wyatt, Head of R&A, Travel and Tourism at leading data and analytics company GlobalData, a, looks at the key trends that will shape the industry in 2020, ranging from aircraft issues to consolidation: Aircraft issues “This has […]
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MGM Resorts International currently struggling despite 2020 plan

Following the announcement of MGM Resorts International results for Q3 2019, Johanna Bonhill-Smith, Travel and Tourism Analyst at GlobalData, a leading data and analytics company, offers her view: “Despite consolidated operating income decreasing 42% in comparison to Q3 2018, MGM Resorts International declares this is still in line with its expectations. “However, the sale of the […]
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Over expansion is a potential risk threatening Wyndham Hotels International

Following the announcement of Wyndham Hotels & Resorts results for Q3 2019, Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers her view: “As one of the largest international operators, continuous innovation, technological evolution and loyalty with a wide consumer base are behind the continual success of the company. “Although, […]
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Competition remains Alaska Airlines biggest threat despite Q3 success

Following the announcement that Alaska Airlines generated better than expected results for Q3 2019, Johanna Bonhill-Smith, Travel and Tourism Analyst at GlobalData, a leading data and analytics company, offers her view: “Alaska Airlines’ continual success boils down to its cost differentiation strategy, consistent market analysis, its termination of under-performing routes while identifying new routes, and extra […]
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Australia’s cruise industry paves way for mass expansion, says GlobalData

Traveling by sea throughout Australia is becoming a popular past time for the domestic travelers. As a result, cruise operators are increasingly joining forces to offer ‘bite-sized’ breaks along the coast for the domestic travelers, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Tourism Source Market Insight – Australia’, reveals that  although […]
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Inbound health and wellness tourism to China set to double by 2022, says GlobalData

The number of tourists venturing to hotel/resort spas within China is forecast to double from 7.5 million in 2018 to 14.8 million by 2022, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Tourism Destination Market Insight: China – Analysis of source markets, infrastructure and attractions and risks and opportunities’, states that […]
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