GlobalData

The reopening of borders and a weakening yen are expected to make the country an attractive travel destination. Against this backdrop, the Japanese foodservice sector to benefit from a…

German holidaymakers are set to be back in full swing by 2024, according to GlobalData, which expects the country’s outbound travel to recover to 117.9 million tourists, surpassing…

South Korea is the fastest growing aesthetics market in Asia-Pacific (APAC) and is expected to retain its position in the future augmented by continuous innovation, growing demand for…

British holiday flyers are set to be back in full swing, with the country’s outbound travel figures reaching 86.9 million by 2024, surpassing the 84.7 million figure recorded in 2019…

The travel and tourism sector is an important income generator for Sri Lanka. However, the ongoing economic crisis coupled with Ukraine–Russia war and China’s zero-COVID policy has put…

Cybersecurity will generate revenues of $2.1 billion in 2025 in the travel and tourism industry, up from $1.4 billion in 2021, forecasts GlobalData

57% of respondents are “not concerned” or are “not very concerned” about the spread of COVID-19, suggesting that tourists are more prepared to live with COVID-19.

The number of Russian tourists visiting Thailand is projected to significantly jump from 10,000 visits in 2021 to 435,000 in 2022, according to GlobalData. The leading data and analytics…

In the luxury travel market, there has been an influx of consumer travel trends as a result of the COVID-19 pandemic. This includes a boom in private aviation services at the high end of the…

With travellers determined to make up for lost time, 2022 could see an increase in holiday budgets for luxury travellers, with an uptick in demand for ‘once in a lifetime’ adventures

GlobalData’s latest report, ‘Poland Source Tourism Insight, 2022 Update’, reveals that outbound travel from Poland is projected to recover to pre-pandemic levels by 2024

International departures will reach 68% of the pre-COVID-19 levels globally in 2022 and are expected to improve to 82% in 2023 and 97% in 2024, before making a full recovery by 2025 at 101%…

As the travel industry’s recovery starts to gather pace, many tourist boards are looking to differentiate themselves from rival destinations by focusing on their cuisine rather than…

With the EU banning Russian aircraft from operating in its airspace due to Russia’s invasion of Ukraine, these nations are likely to receive very few Russian tourists this summer says…

Subscription services have disrupted almost every industry, but the customer-focused model remains relatively nascent in the travel industry

The ongoing global geopolitical issues and volatile market conditions continue to pose downside risk to the mergers and acquisitions (M&A) deal activity in China.

Due to plummeting traveller confidence and stringent COVID-19 measures, outbound tourism from South Korea reduced to mere fractions of what they were in pre-pandemic times.

Companies in the tourism sector are investing in emerging technologies such as augmented reality (AR) to improve traveller experience after the industry was severely impacted by the COVID-19…

Research from GlobalData’s Traveler Spending Patterns database shows that in-destination spending is relatively low in Turkey, despite the average stay for inbound tourists (9.7 days) being…

According to GlobalData’s recently published report, ‘Source Market Insight: Spain (2022),’ the pandemic’s impact on mental health has spurred greater demand for health and wellness holidays…

Global arrivals to the Association of Southeast Asian Nations (ASEAN) are expected to grow from 136.9 million in 2019 to 142 million in 2024.

Travel and tourism companies need to target millennials and Gen Z with offerings away from busy summer periods that create value for money and authentic experiences.

A total 96 deals— comprising mergers and acquisitions (M&A), private equity, and venture financing deals— were announced in the global travel and tourism sector in February 2022

With social media proving to be the most cost-effective and impactful way of directly getting engaged with younger consumers, travel companies have begun to invest time and resources into…

London’s tourism sector will benefit from the planned multi-million-pound campaign to drive visitors to the city, says GlobalData.

Out of the 26 travel app venture financing deals in 2021, 46% of them involved ridesharing, rental, or hailing companies, according to GlobalData.

Total of 73 deals were announced in the global travel and tourism sector during January 2022, which is a decline of 27% over the 100 deals that were announced in December 2021,

As a result of the COVID-19 pandemic, cruise bookings have shifted away from intermediaries with cruise tourists opting to book directly with the cruise line rather than through an Online…

According to GlobalData’s recently published report, ‘Niche Tourism, 2022 Update – Thematic Research’, demand for niche tourism holidays and experiences is growing among Generation Hashtag…

COVID-19 had a serious impact on online travel agencies (OTAs), according to GlobalData, which notes that the OTA market value decreased by a gruesome 60.4% year-on-year (YoY) in 2020.

Despite visible green shoots in key macroeconomic indicators in the first half, the emergence of new COVID-19 variant Omicron and its fast spread has made the global economic recovery…

A total of 79 deals (mergers & acquisitions (M&A), private equity, and venture financing) were announced in the global travel and tourism sector during November, which is an increase…

Demand for ski trips in Europe is expected to take a hit this year due to rising COVID-19 cases, according to GlobalData, which notes that these destinations could see reduced footfall as…

Slovenia is expected to see inbound tourism rise to 5.7 million arrivals by 2024, a 22% increase on pre-pandemic levels, according to GlobalData

UK-based domestic airlines will see the reduction in domestic air passenger duty (APD) as a vital boost to the aviation industry, says GlobalData

Indian tourists will be some of the most desirable travellers, given India’s growing economy, young population and rising middle class, according to GlobalData

Airlines and the wider aviation industry will struggle to meet ambitious carbon neutral targets alone. Governments must act by providing significant investment following COP26 to ensure…

European travellers 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…

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.

The announcement that US travel restrictions for vaccinated UK residents will be relaxed from early November will be met positively by people keen to reunite with family and friends

Post-pandemic travel recovery has led people to head out to explore outdoors with various tourist activities, a way to address the individual mental health.

A total of 57 deals comprising mergers and acquisitions (M&A), private equity and venture financing were announced in the global travel and tourism sector during August 2021, which is a…

Vaccine tourism, where tourist hotspots are now offering COVID-19 vaccinations on holiday to attract visitors, is a double-edged sword.

European airlines are set to face a tough winter due to the ongoing pandemic and travel confidence likely remaining suppressed.

A desire to reconnect with family and friends after a year of stringent lockdown measures due to COVID-19 is likely greater than a leisure getaway in 2021.

The UK’s status as the most visited destination for US tourists in Europe is threatened by the mandatory quarantine on arrival, says GlobalData

A total of 74 deals (comprising mergers and acquisitions, private equity, and venture financing deals) were announced in the global travel and tourism sector during June

Although some people are opposed to holding the Tokyo Olympics, the sporting event may have a positive impact on Japan’s tourism.

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…

Longer trips of more than 10 nights are increasingly in demand post-COVID-19, according to a poll by GlobalData.

Strongly supported by Tourism Australia’s domestic campaign, GlobalData forecasts that domestic trips in the country will double by 2025, which is 14% growth on pre-pandemic levels.

South Korea may become the third-largest source market out of the APAC region going forward, according to GlobalData.

A recent GlobalData poll has revealed a shift in consumer preference towards booking holidays directly, instead of going through an online travel agency (OTA)

Pent-up demand for immersive travel experiences with no set time limit could help ‘slow travel’ become the next big tourism trend.

Economic activities in major Indian cities have been severely affected by the second wave of the COVID-19 pandemic, which led to full or partial lockdowns across the country.

Vaccine skepticism coupled with COVID-19 concerns will continue to affect US outbound travel recovery in 2021 and potentially 2022, says GlobalData.

The continued rise of COVID-19 cases casts a shadow on Thailand’s plans to revive its tourism industry.

Due to an abundance of low-cost connectivity and an increased preference for travel closer to home, intra-regional tourism will play a key role in revitalizing the ASEAN countries’ tourism…

One of the strategies seen by some tourist destinations is to attract Chinese travellers, which is one of the biggest movers and shakers in travel.

Prolonged travel restrictions could be the final nail in the coffin for resort operators in some European ski resorts as they depend solely on the winter season to survive

Domestic trips in rural locations are driving leisure demand recovery.

Early-stage funding rounds (comprising Seed and Series A funding rounds) dominated the venture capital (VC) funding landscape during the fourth quarter (Q4) of 2020 in the Asia-Pacific…

Amidst COVID-19, several stakeholders of the travel and tourism industry are exploring the option of digital passes and health certificates.

With lockdowns and shutdowns back across several countries to contain the possible second or third wave of COVID-19, China’s domestic travel rebound has fuelled discussions in the travel and…

Even though some Asian countries have established travel bubbles and green lanes with other countries, the overall recovery of the travel industry may need some time, according to…

According to GlobalData’s Payment Cards Analytics, card payments in Thailand is estimated to grow by 2.3% in 2020.

Contactless technology solutions are gaining traction in the hospitality industry, as they reduce the potential risk of contracting COVID-19 through physical touchpoints.

Against the COVID-19 backdrop, contactless technologies are proving to be a game changer for the industry.

The surge in domestic tourism following COVID-19 has not curtailed as holidaymakers turn to staycations over international travel leading to threat of overtourism

Europe’s tourism and leisure industry has witnessed a sharp drop of 53.1% in overall deal activity during the second quarter of this year, according to GlobalData

Data analysts GlobalData has published new findings that show North America’s tourism & leisure industry has witnessed a dramatic drop of 52% in deal activity, compared with the same…

Online travel company Booking.com has announced on Tuesday that it will reduce its global workforce by 25%, which shows that the virus is not done wreaking havoc in travel.

Australia’s tourism sector has predominantly high contribution of more than 10% to the Australian economy making the country as the fourth largest contributor in the sector of Asia-Pacific…

According to recent data, MICE tourism was one of the first to be impacted by global spread of COVID-19 and it could be one of the last to fully return

New survey reveals alarming consumer preferences for domestic tourism and hospitality industries in the US

COVID-19 has caused a lot of anxiety and upends the travel industry. Now that we see countries reopening to international travellers, airlines are looking for creative ways to instil…

Transparency will be the key to provide service to the future tourists. During this COVID-19 pandemic, many aspects of future travels have been labelled as ‘uncertain’. Intermediaries…

Destinations in which lockdowns are being lifted should now be promoting domestic tourism. This is because international tourism is not currently possible, and tourists will want to travel…

Australia’s Minister for Trade’s warning that borders may stay closed until 2021 is expected to boost domestic tourism in the short term, according to data company GlobalData.

The US tourism & leisure industry saw a drop of 18.9% in overall deal activity during February 2020, when compared with the last 12-month average, according to GlobalData’s deals…

Following the news that 36,000 British Airways (BA) staff are expected to be furloughed as a result of the coronavirus (COVID-19), GlobalData said it is an important step. Nick Wyatt,…

Travel restrictions are being deployed as a key weapon in the war against the coronavirus (COVID-19). Much publicised bans and restrictions have decimated the airline industry, forcing…

The health and wellness tourism trips to Asia are forecast to reach 128.3 million by 2022 that will help Asia to become the world’s fastest tourism market, says GlobalData. According…

GlobalData’s latest report, ‘Tourism Destination Market Insights: Association of South East Asian Nations – ASEAN’, found that Russia, France, Germany and the UK are some of the fastest…

The news that a consortium formed between South Korea-based construction company Hyundai Development Co (HDC) and Mirae Asset Daewoo has agreed to acquire controlling stake in…

The number of international travellers from India to the UAE is set to grow from 2.6 million this year to 3.3 million in 2023, increasing at a compound annual growth rate (CAGR) of 6.1%,…

UK departures to Europe are set to grow at a compound annual growth rate (CAGR) of 2.88% from 55.9 million in 2018 to 64.4 million in 2023, according to GlobalData, a data and analytics…