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Analyst Opinions
Giropay – Competitor Profile
Giropay is an online credit transfer-based payment method. Founded in 2005, it allows online shoppers to make payments directly from their bank accounts. It is supported by more than 1,500 banks. Giropay payments are popular among retailers; they are guaranteed by the buyer’s bank, meaning they cannot be reversed. The payment method is gaining traction among airlines, with companies such as Deutsche Lufthansa, Singapore Airlines, and Transavia accepting Giropay payments for flight bookings. Giropay is also widely used for utility...
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Analyst Opinions
Tourism Destination Market Insights – China (2020)
This insight report includes an analysis of source markets, infrastructure and attractions, and assesses the risks and opportunities for China as a destination market. Key Highlights - Domestic travel is a real strength of Chinese tourism. Since 2015, domestic tourism has grown at an enormous CAGR of 10.3%, resulting in 3.1 billion domestic trips in 2019. - Total inbound spend to China decreased at a CAGR of -2.9% between 2015 and 2019. Retail has been the biggest loser, falling at...
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Sector Analysis
Tourism Destination Market Insights – Western Europe (2020)
This insight report includes an analysis of source markets, infrastructure and attractions, and assesses the risks and opportunities for Western Europe as a destination market. Key Highlights - France is the most visited country in the world, welcoming 85.8 million visitors in 2019. France is popular amongst European tourists, with the UK, Germany and Belgium being the biggest source markets. However, France is also a popular country for visitors from further afield including China and the United States. - Spain...
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Analyst Opinions
Key Trends in Airlines
The rapid decline in domestic and international travel caused by the pandemic has created a drastic knock-on impact for the airline industry. With the temporary collapse of tourism flows, many airlines have reduced flight schedules and suffered from lower-than-normal load factors, causing many to rapidly streamline operations in order to navigate the pandemic. However, airlines are adapting and adopting new technologies and strategies in a bid to cater to changing consumer preferences. Key Highlights - Harnessing new technology may be...
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Thematic Analysis
Mergers and Acquisitions in Travel and Tourism Industry in 2020 – Thematic Research
In 2019, tourism accounted for 7% of global trade. The United Nations projects that export revenues from tourism, which supports one in 10 jobs globally, could fall by $910bn to $1.2tn in 2020. This worldwide blow to tourism revenues created by COVID-19 has meant that nearly all tourism related companies have had to dramatically reduce spending in order to navigate through this pandemic, resulting in reduced M&A activity. This report starts with a specific deep dive in to M&A activity...
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Company Insights
Hopper Inc – Tech Innovator Profile
Hopper Inc. (Hopper), previously known as Openplaces Inc., is a developer of mobile application that uses artificial intelligence (AI) to analyze and predict airfares
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Company Insights
Travelperk S.L. – Tech Innovator Profile
TravelPerk S.L. (TravelPerk) offers a next-generation technology platform that allows businesses to schedule and manage their business flight bookings with ease.
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Sector Analysis
Hot Topic Brief – Impact of COVID-19 on the global airline industry
COVID-19, commonly referred to as the Coronavirus, is dominating headlines the world over. No industry has seen a greater impact than airlines. Key Highlights - Qantas and Jet2 added to pessimism this week as they announced potential permanent job losses and, in the case of the latter, reduced schedules for 2020 and 2021. - However, the news is not all bad and it is crucial that positive signs are not ignored. Virgin Australia has found a buyer in Bain Capital...
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Case Studies
Case Study: The impact of COVID-19 on Lufthansa
Recent months have been unprecedented in the tourism sector. Travel restrictions, flight suspensions, falling consumer confidence and a slew of negative press are just some of the issues airlines are having to contend with. As one of the airline industry's leading players, Lufthansa has been severely impacted. Key Highlights - Lufthansa is operating a severely reduced schedule, with just six long-haul routes in April, totaling 18 flights per week that constituted an urgently needed basic service. - Lufthansa CEO Carsten...
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Company Insights
Enterprise Tech Ecosystem Series: Expedia Group Inc.
Expedia Group, Inc. (Expedia Group) is an online travel solutions provider. It offers wide range of services which includes booking of hotel rooms, destinations, airline seats, and car rentals. These services are offered under various brands including Expedia.com, Hotels.com, Expedia Local Expert, Orbitz, ebookers, CheapTickets, Hotwire.com, Expedia Affiliate Network (EAN), Classic Vacations, CarRentals.com, Travelocity, Wotif Group, and SilverRail Technologies. Expedia Group serves customers through mobile bookings, alternative distribution channels, private label businesses, and call centers. The company also carries out...