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GlobalData
GlobalData

Travel & Tourism

Heathrow Airport’s call for support warranted amid colossal losses for airports, says GlobalData

Following Heathrow Airport’s dismal year-end loss of £2bn ($2.8bn) the airport is calling for increased government support; Gus Gardner, Travel and Tourism Analyst at GlobalData, a leading data and analytics company, offers his view: “Heathrow Airport is right to call on the government for increased support as the current, strict international travel rules make it […]
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IATA’s digital Covid Travel Pass could spark meaningful recovery of international travel

Following an announcement from the International Air Transport Association (IATA), stating that its digital Covid Travel Pass will be ready “within weeks”; Ralph Hollister, Analyst, Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation: “IATA’s Travel Pass is not the golden ticket to an instant recovery for the global travel sector, but it will no doubt help. According to GlobalData, international air arrivals decreased by 48.1% YOY (Year-Over-Year) […]
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Low-cost airlines will lead post-COVID recovery

Low-cost carriers’ aggressive cost-cutting will give them an even larger cost advantage than pre-pandemic. 87% of consumers are ‘extremely’, ‘quite’ or ‘slightly’ concerned about their personal finances, and low-cost carrier’s low fares are well-positioned to meet this need. Low-cost carrier’s ability to quickly respond to pent up demand will pay off. The low-cost airline model […]
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Disney Parks’ poor Q1 results will be short-term and salvaged by pent-up demand, says GlobalData

Following the announcement by The Walt Disney Company noting an unsurprising 53% revenue decline for its Parks, Experiences and Products segment; Rheanna Norris, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers her view: “High post-pandemic travel demand will allow Disney to easily return its parks, experiences and products to profit […]
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easyJet’s business model is well-positioned to compete with legacy carriers post-COVID-19

As legacy carriers across Europe continue to pull back capacity and cancel routes, easyJet is in a strong position to capitalize on its ambitions and win market share on these lucrative routes. Its low-cost model is likely to pay dividends in the airline’s recovery, says GlobalData, a leading data and analytics company. Gus Gardner, Travel and Tourism Analyst at GlobalData, comments: “easyJet tends to fly short distance, point-to-point routes. Unlike other low-cost carriers, easyJet mostly serves primary airports, […]
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Live Nation continues to reduce hiring activity while rebalancing with jobs for virtual events

Live Nation Entertainment has been consistently reducing its hiring activity throughout 2020, with new job postings dipping from 437 in January to just 17 in December 2020. The job closures have also been significantly higher than new postings since Q2 2020, potentially in response to the effects of lockdowns on in-person live events. However, hiring continues with focus on virtual events, upcoming big-ticket concerts and sporting events, finds GlobalData, a leading data and analytics company. […]
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Over 70s should not be forgotten in the recovery of travel

A reported spike in travel bookings from the over 70s shows that this demographic should not be overlooked when businesses make plans for recovery, says GlobalData, a leading data and analytics company. Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, comments: “Not only is this demographic one of the first to be vaccinated, they are also typically big spenders and less hindered by time constraints. This makes this a lucrative demographic to target in order to boost post […]
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Remote work mentions tripled in Hilton’s and Accor’s 2020 filings, says GlobalData

Work-from-home policies impacted business meetings at hotels in 2020, yet some lodging companies have seen it as an opportunity to focus on newer and safer hybrid meeting solutions. GlobalData’s filing analytics platform found that Hilton and Accor Hotels, for example, had more mentions of ‘remote work’ and related keywords in their company filings than other […]
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