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COP26 could be a huge turning point for the role of sustainability in tourism, says GlobalData. The leading data and analytics company notes that the tourism industry is in an unprecedented recovery process, and with many private sector companies now committing to more transparent actions around reducing emissions, more tangible results around sustainability could be […]
Robotics operation in travel and tourism industry set to grow, says GlobalData
The utilization of robotics will continue to grow in importance in the travel and tourism industry. However, companies need to be sensitive in how they deploy this form of smart technology, says GlobalData, a leading data and analytics company. According to a recent GlobalData poll*, 31% of the respondents stated that their company will invest […]
Space Perspective planning to offer world’s first luxury spaceflight experience as ‘space balloon tourism’ is set to take off
Virgin Galactic and Blue Origin have made sub-orbital space travel a reality for those travel adventurers and space explorers with the desire and disposable income to pay up to $450,000 for a ticket. Both of these companies have demonstrated that space tourism is a potentially massive market and, whilst not without risk, can be accomplished […]
European travelers to drive Gulf tourism recovery with arrivals expected to reach 13.3 million by 2024
European travelers are set to become a key source market for the Gulf region, especially Gulf Cooperation Council (GCC) countries, which will help their post pandemic tourist industry recovery. Countries in the GCC include the United Arab Emirates, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain and they all offer a good range of flight options […]
New low-cost start-up Bonza Airlines set to fill void in Australia’s domestic routes, says GlobalData
Australia’s newest low-cost start-up Bonza Airlines will provide the vital low-cost competition in a ‘full-service’ dominated market which could expectedly be a disruptive force. COVID-19 has presented Bonza Airlines with a prime opportunity to get launched with the current situation aiding its expansion plans of filling the void in the Australian air routes, says GlobalData, […]
Airbus investment shows diversity of growing ESG market
Following recent news that Airbus has completed two 18-day long flights of its solar-powered aircraft, named Zephyr; William Davies, Associate Analyst at GlobalData, a leading data and analytics company, offers his view: “In recent years there has been increasing pressure to pursue sustainable aviation solutions, with companies in the aerospace sector currently facing political and […]
TUI’s ‘workation’ packages meet growing trend to combine travel with remote working
With travel demand expected to return slowly, TUI is turning to alternative markets such as the growing trend for a combined travel and remote working experience as it launches a new ‘workation’ package in a bid to become a leading provider of this new travel service, says GlobalData, a leading data and analytics company. Gus […]
Trips to visit friends and family set to rise by ten million by 2024 as US relaxes UK travel restrictions, says GlobalData
VFR travellers likely to lead demand in the immediate travel recovery phase VFR travel set to increase at a compound annual growth rate (CAGR) of 24.8% between 2021 and 2024 UK-US flights set to underpin recovery as demand for flights increases The announcement that US travel restrictions for vaccinated UK residents will be relaxed from […]
Air India opens for bids, but investment in the struggling airline could prove risky, says GlobalData
As the bidding war for Air India hots up, there is evidence to suggest the Indian travel market is more interested in value for money, rather than preserving its full-service legacy carrier. Research by leading data and analytics company GlobalData indicates that the Indian aviation market has a strong preference for low-cost carriers (LCCs). Craig […]
End of furlough presents balancing act for UK travel firms, says GlobalData
With the UK’s furlough scheme set to end this month, leading data and analytics company GlobalData notes that travel companies will be forced to cut costs in order to survive the winter. Gus Gardner, Associate Travel and Tourism Analyst at GlobalData, warns that such measures may well include redundancies. Gardner comments: “The end of furlough […]
Deal-making activity in the travel & tourism sector declined by 17.4% during August 2021
A total of 57 deals (comprising mergers & acquisitions [M&A], private equity, and venture financing) were announced in the global travel and tourism sector during August 2021, which is a decline of 17.4% over 69 deals announced in July, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: […]
Lumo’s low-cost rail launch meets budget and environmental concerns
Lumo’s launch of low-cost rail services could disrupt current rail and air services between London and Edinburgh. Its low-cost model alongside a focus on minimizing environmental impact will bode well for shifting traveler trends as the sector recovers from the pandemic, says GlobalData, a leading data and analytics company. Gus Gardner, Associate Travel and Tourism […]
Vaccine tourism is a double-edged sword
Vaccine tourism, where tourist hotspots are now offering COVID-19 vaccinations on holiday to attract visitors, is a double-edged sword as, while it could assist travel’s restart, it also raises the question of vaccine equity as it will further increase the divide between the wealthy and less privileged, says GlobalData, a leading data and analytics company. […]
Qatar Airways lists over 750 jobs since Jun 2021 and focuses on revenue management, observes GlobalData
Qatar Airways Group has ramped up its number of job listings from double-digit figures in February 2020 to over 420 jobs in June 2021, according to Job Analytics database by GlobalData. The leading data and analytics company notes that Qatar Airways’ hiring focus is on operational roles and revenue management positions. Ajay Thalluri, Business Fundamentals […]
European airlines must prepare for a challenging winter season, says GlobalData
European airlines are set to face a tough winter due to the ongoing pandemic and travel confidence likely remaining suppressed. Low fares will be key to stimulating demand as travel restrictions are likely to continue, says GlobalData, a leading data and analytics company. Gus Gardner, Associate Travel and Tourism Analyst at GlobalData, comments: “With revenue […]
Confusion over vaccine certificates could hamper travel recovery, says GlobalData
The lack of an internationally recognized vaccine certification system could hinder travel recovery as many travelers are left confused about quarantine requirements and travel restrictions. With varying rules, some may opt for domestic trips, dealing a blow to destinations that are dependent on international visitation, says GlobalData, a leading data and analytics company. Gus Gardner, […]
Deal-making activity in the travel & tourism sector declined by 6.8% during July 2021, finds GlobalData
A total of 69 deals (comprising mergers & acquisitions [M&A], private equity, and venture financing) were announced in the global travel and tourism sector during July 2021, which is a decline of 6.8% over 74 deals announced during the previous month, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at […]
Air France’s strategic bet on leisure travel will support strong recovery amid shift in traveler sentiment
Air France’s bet on leisure routes could catalyze a quicker recovery for the carrier as outbound leisure travel in France increased to 74.3% in 2020, despite restrictions severely reducing the total number of outbound trips, according to GlobalData. The leading data and analytics company notes that, with business travel demand suppressed, the airline must focus […]
Alcoholic beverage sponsorships are worth $462.77m to European sports market
The alcoholic beverages industry is estimated to shell out $462.77m across 666 sponsorship deals with European sports properties. As alcoholic consumption is widely regarded as an important component of watching sport, sponsorship thus provides alcoholic beverage brands a direct route to reach and engage with their target audience and ultimately, drive sales growth, says GlobalData, […]
Tourism organizations need to target German travelers, says GlobalData
Marketing luxury offerings, producing gastronomic experiences, and generating a sense of familiarity are all aspects of tourism that could bode well with travelers in the ‘new normal’. These aspects will also help to attract the powerful German source market as more Germans are now starting to travel internationally, says GlobalData, a leading data and analytics […]