-
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...
-
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...
-
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...
-
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...
-
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...
-
Sector Analysis
Virtual and Augmented Reality (VRAR): Market Opportunity, Emerging Ecosystem and Leading Use Cases
The "Virtual and Augmented Reality (VRAR): Market Opportunity, Emerging Ecosystem and Leading Use Cases", a thematic research report by GlobalData, examines the current state and outlook of the VRAR markets, emerging use cases as well as the evolution of the provider ecosystem. Driven largely by massive investments from the world’s leading technology competitors including Facebook, Microsoft, Google and Sony, the technology has become accessible to both consumers and businesses. Still, the adoption and usage of VRAR is minimal, and the...
-
Analyst Opinions
Technical Innovations in O&M Sector in Wind Power Industry
Once a wind power plant (onshore or offshore) becomes operational, the operation and maintenance (O&M) cost accounts for approximately 30% of the total cost of energy from wind power plants. Offshore wind farms attract higher O&M costs in comparison to onshore wind farms due to higher turbine maintenance, high logistics costs, and lack of skilled manpower. Offshore wind farms accounted for 8.2% of the total wind O&M market in 2016 with a market size of $1.12 billion. It is estimated...
-
Thematic Analysis
Big Data in Tourism – Thematic Research
The tourism industry is confronted with an incredible abundance of information, which has the potential to completely transform the sector, as long as it is wisely, efficiently, and correctly analyzed and used. Big Data solutions can help the tourism industry in various ways, such as: • Increase the efficiency of internal operations; • Travel, revenue, and investment management; • Boost financial performance; • Improve distribution management; • Offer more personalized and tailored products and services; • Target the right customers...
-
Thematic Analysis
Internet of Things in Tourism – Thematic Research
Imagine a world where an airplane can detect a fault in one of its engines in mid-flight and radio ahead to order spare parts without any pilot intervention. Or where your fridge can detect you are running out of milk and order it while you are asleep. Or where your home thermostat automatically lowers the temperature when you leave the house and raises it the moment you return. The “Internet of Things” (IoT) refers to a world where various devices...
-
Company Insights
Disruptor Profile: Hopper Inc.
Hopper Inc. (Hopper), previously known as Openplaces Inc., is a developer of mobile application that uses artificial intelligence (AI) to analyze and predict airfares.