Travel & Tourism

Ryanair will gain competitive advantage with Boeing 737 Max launch, says GlobalData

Ryanair finally announced its first arrival of the Boeing 737 Max jet, which is described by the low-cost carrier as a ‘game-changer’. Despite the grounding of the aircraft in 2019 over safety concerns, Ryanair negotiated purchases of 210 units, with a maximum of 12 operating for the 2021 summer season. The aircraft will enhance Ryanair’s […]

Travel & Tourism

Tokyo 2020 tourism legacy could create some positive impacts, says GlobalData

Many will perceive Tokyo 2020’s tourism legacy to be overwhelmingly negative, due to it taking place during a pandemic and the side-effects that have come with that. However, some positives can still be drawn when looking to the future of Japanese tourism, says GlobalData, a leading data and analytics company. Ralph Hollister, Travel and Tourism […]

Travel & Tourism

Air France’s ‘Train + Air’ program reaffirms commitment to environmental sustainability, says GlobalData

The recent expansion of Air France’s ‘Train + Air’ program highlights its strong commitment to environmental sustainability. As passengers increasingly demand more environmentally friendly travel options, the airline is protecting its future revenues by establishing meaningful solutions, says GlobalData, a leading data and analytics company. Gus Gardner, Associate Travel and Tourism Analyst at GlobalData, comments: […]

Travel & Tourism

Longer trips look set to boom post-COVID-19, says GlobalData

Longer trips of more than ten nights are increasingly in demand post-COVID-19, according to a poll by GlobalData. The leading data and analytics company notes that, with accidental savers on the rise and working from home making longer trips a possibility, lengthier holidays look set to boom post-pandemic. Opting for an extended trip has become […]

Travel & Tourism

Marketing push will help Australian domestic tourism reach record highs by 2025, according to a GlobalData

Strongly supported by Tourism Australia’s domestic campaign, GlobalData forecasts a record number of domestic trips in the country by 2025: double that seen in 2020 and representing a 14% growth on pre-pandemic levels. In broadcasting the phrase ‘holiday here, this year’ over social media channels, radio and outdoor advertising has paid off, and, although the […]

Travel & Tourism

Budget hotels set to benefit from increase in price-sensitive travelers, says GlobalData

Price is the most important factor to 47%* of consumers when selecting accommodation, according to a poll by GlobalData. The data and analytics company notes that, with less budget for travel but a strong desire to escape, many will turn to budget providers to satisfy their travel cravings. Gus Gardner, Associate Travel and Tourism Analyst […]

Travel & Tourism

UK domestic interrail pass could spark rail travel boom for summer 2021, says GlobalData

Travel by rail was already popular for UK domestic tourists pre-pandemic as 16 million UK domestic tourists traveled by rail in 2019. However, this dropped 60% year-over-year (YoY) in 2020 due to the COVID-19 pandemic and subsequent lockdown measures. According to GlobalData, a leading data and analytics company, this could increase 105.7% YoY in 2021. […]

Business Fundamentals, Travel & Tourism

Four Seasons ramps up hiring in 2021 as it reopens several of its hotels, finds GlobalData

Four Seasons and Hotels has been ramping up hires in 2021, with new job postings doubling from 431 in February 2021 to 889 in March 2021. The Canada-based company is hiring several senior-level personnel and support staff across its 119 hotels and 44 private residences, finds GlobalData, a leading data and analytics company. The company […]

Travel & Tourism

South Korea to become third largest outbound APAC source market by 2025, says GlobalData

Outbound tourism from South Korea is not forecast to surpass pre-pandemic levels until 2024, when departures are projected to reach 29.6 million. However, South Korea is forecast one of the highest growth periods from 2020–2025 in the Asia-Pacific (APAC) region, with a compound annual growth rate (CAGR) of 40% and 30.2 million traveling outbound by […]

Travel & Tourism

No crowds at Tokyo 2020 would be catastrophic for Japan’s tourism sector, says GlobalData

With the jury still out on whether domestic spectators will be allowed at Tokyo 2020, the prospect of a complete ban on attendance cannot be dismissed. This scenario would be disastrous for several tourism-related industries in Japan says GlobalData, a leading data and analytics company. Ralph Hollister, Travel and Tourism Analyst at GlobalData, comments: “The […]

Travel & Tourism

Portugal travel status change will further damage UK traveler confidence

The rapid nature of Portugal’s move from ‘green’ to ‘amber’ will further dent UK traveler confidence, just when things were starting to look up for companies and consumers, says GlobalData, a leading data and analytics company. Portugal being named on the UK’s green list was meant to signal the meaningful start of recovery for UK […]

Travel & Tourism

Travelers prefer booking directly with providers amid uncertainty, according to a GlobalData poll

A recent GlobalData poll has revealed a shift in consumer preference towards booking holidays directly, instead of going through an online travel agency (OTA). A total 39%* of respondents said they would typically book directly, followed by 17% that opted for OTAs and price comparison sites. The leading data and analytics company notes that this […]

Business Fundamentals, Travel & Tourism

Deal-making activity in the travel & tourism sector declined by 25.4% during May 2021, finds GlobalData

A total of 53 deals (comprising mergers & acquisitions (M&A), private equity, and venture financing) were announced in the global travel and tourism sector during May, which is a decline of 25.4% over 71 deals announced in April, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “May […]

Travel & Tourism

Consolidation in business travel could become a necessity amid a 63% fall of trips in 2020

The COVID-19 pandemic has had a devastating effect on the business travel industry. The international sector was by far the worst affected, facing a 75% drop in total trips. Domestic business tourism also suffered, dropping by 56% (63% decrease overall in 2020). As a result, the global business travel industry has lost billions in client […]

Travel & Tourism

Airbnb needs to permanently address its party issue if it is to remain a leading player in the lodging space

Airbnb has stated that it will extend its global ban on parties in host accommodations until the end of summer 2021. However, the lodging provider needs to permanently address its party issue and the impact it will continue to have on its public image, as well as local communities, says GlobalData, a leading data and […]

Travel & Tourism

PLAY is well positioned to shake up Icelandic low-cost airline market, says GlobalData

The recent announcement of Iceland’s new low-cost carrier (LCC), PLAY, reaffirms that now is the perfect time to launch an LCC. With the airline’s carefully considered leisure route network, PLAY has many fruitful opportunities to thrive, says GlobalData, a leading data and analytics company. Gus Gardner, Associate Travel and Tourism Analyst at GlobalData, comments: “PLAY […]

Travel & Tourism

Royal Caribbean’s first US cruise offers hope of recovery for leading cruise operators in 2021, says GlobalData

The Centers for Disease Control and Prevention (CDC) awarding Royal Caribbean’s Celebrity Cruises Celebrity Edge vessel a ‘conditional sailing certificate’ signals a key point for cruise tourism recovery, as it is the first big cruise liner to have one of its ships set sail from the US in over a year. Short-term, there are still […]

Travel & Tourism

High pricing could impact the viability of space travel

While 2021 is set to be a breakthrough year for commercial space travel, the viability of this hyper-premiumized and ultra-exclusive experience remains unknown says GlobalData, a leading data and analytics company. The concept of commercial space travel is no doubt exciting, and this is reflected by high demand for the extremely limited capacity available for […]

Travel & Tourism

Slower travel methods could be the next big tourism trend as sustainability features more heavily in consumer decisions

Pent-up demand for immersive travel experiences with no set time limit could help ‘slow travel’ become the next big tourism trend. With tourists opting for longer stays due to many being able to work remotely, and sustainability featuring more heavily in travel decisions, it is clear that slow travel could be a global phenomenon in […]

Travel & Tourism

Point-to-point airlines will lead industry recovery, says GlobalData

With an increasing desire from consumers to travel closer to home and budget constraints beginning to show, point-to-point airlines – especially low-cost carriers (LCCs) – will be well-positioned to lead post-COVID recovery, says GlobalData, a leading data and analytics company. A GlobalData poll revealed that 43%* of respondents will consider taking a domestic trip in […]

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Travel & Tourism

Ryanair will gain competitive advantage with Boeing 737 Max launch, says GlobalData

Tokyo 2020 tourism legacy could create some positive impacts, says GlobalData

Air France’s ‘Train + Air’ program reaffirms commitment to environmental sustainability, says GlobalData

Longer trips look set to boom post-COVID-19, says GlobalData

Marketing push will help Australian domestic tourism reach record highs by 2025, according to a GlobalData

Budget hotels set to benefit from increase in price-sensitive travelers, says GlobalData

UK domestic interrail pass could spark rail travel boom for summer 2021, says GlobalData

Four Seasons ramps up hiring in 2021 as it reopens several of its hotels, finds GlobalData

South Korea to become third largest outbound APAC source market by 2025, says GlobalData

No crowds at Tokyo 2020 would be catastrophic for Japan’s tourism sector, says GlobalData

Portugal travel status change will further damage UK traveler confidence

Travelers prefer booking directly with providers amid uncertainty, according to a GlobalData poll

Deal-making activity in the travel & tourism sector declined by 25.4% during May 2021, finds GlobalData

Consolidation in business travel could become a necessity amid a 63% fall of trips in 2020

Airbnb needs to permanently address its party issue if it is to remain a leading player in the lodging space

PLAY is well positioned to shake up Icelandic low-cost airline market, says GlobalData

Royal Caribbean’s first US cruise offers hope of recovery for leading cruise operators in 2021, says GlobalData

High pricing could impact the viability of space travel

Slower travel methods could be the next big tourism trend as sustainability features more heavily in consumer decisions

Point-to-point airlines will lead industry recovery, says GlobalData

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