GlobalData
TikTok needs to build trust and ensure data security to win in ecommerce space, says GlobalData
Short video app TikTok, owned by ByteDance, is set to compete with the likes of Amazon, Shein, Sea Group’s Shopee, and Alibaba’s Lazada, with its live streaming ecommerce business.
Travel and tourism industry deal activity plummets by 41% YoY in January-May 2023
The travel and tourism industry has witnessed a massive 41% year-on-year (YoY) decline in deal activity from 475 deals announced during January-May 2022 to 282* during the first five of months of 2023, reveals GlobalData
AutoGPT gains popularity as Twitter influencers predict revolution in AI, reveals GlobalData
AutoGPT has emerged as the top trend on Twitter since the second week of April 2023, reveals the Social Media Analytics Platform of GlobalData, a leading data and analytics company.
RAKTDA and FTI Group strike landmark agreement
Ras Al Khaimah Tourism Development Authority (RAKTDA) and the FTI GROUP one of Europe’s leading outbound tour operators, have struck a new agreement that paves the way for the launch of twice-weekly flights from Munich to Ras Al Khaimah International Airport in the fourth quarter of this year.
Smart itineraries taking travel experience to next level – GlobalData
Innovation in the travel & tourism industry is on the rise, with many travel-assisted tools and services, including smart itineraries,
Japan foodservice sector to benefit: 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 revival in tourist arrivals, says GlobalData, a data and analytics company.
Germans return to international travel
German holidaymakers are set to be back in full swing by 2024, according to GlobalData, which expects the country’s outbound
South Korea to remain fastest growing aesthetics market in APAC
South Korea is the fastest growing aesthetics market in Asia-Pacific (APAC) and is expected to retain its position in the
UK outbound travel to surpass pre-pandemic levels by 2024
British holiday flyers are set to be back in full swing, with the country’s outbound travel figures reaching 86.9 million
Ongoing economic, geopolitical crises make Sri Lanka tourism industry revival uphill task, says GlobalData
The travel and tourism sector is an important income generator for Sri Lanka. However, the ongoing economic crisis coupled with
Cybersecurity revenue in tourism to top $2 billion in 2025
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
More than half of global tourists unconcerned about the spread of COVID-19
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.
Thailand has an opportunity to become a major destination for Russian travellers
The number of Russian tourists visiting Thailand is projected to significantly jump from 10,000 visits in 2021 to 435,000 in
COVID-19 has spurred new consumer trends in luxury travel market
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 market, remote working from overseas locations and demand for private buyouts of large villas or boutique hotels, finds GlobalData.
Luxury travel market to see new growth in 2022
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
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