GlobalData
European travel market totters due to lack of Russian tourists
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 GlobalData.
Subscription services poised to transform travel industry
Subscription services have disrupted almost every industry, but the customer-focused model remains relatively nascent in the travel industry
M&A deal value in China drops by 12%
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.
Outbound tourism from South Korea set to boom with COVID-19 travel restrictions easing up
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.
AR set to transform travel industry with enhanced experiences for travellers: GlobalData
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 pandemic and geopolitical tensions
Turkey to benefit from rise in budget-conscious travellers: GlobalData
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 the second-longest in Europe in 2021
Staff shortages at UK airports could prolong recovery
Manchester Airports Group has significantly increased the number of active jobs available on its career pages, with open positions increasing from 65 in December to 110 in February, according to GlobalData.
Spanish travellers want health and wellness holidays
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 among Spanish travellers.
International arrivals to ASEAN to reach 142 million in 2024
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.
Target Millennial and Gen Z travellers with off-season travel options
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.
Deal activity in tourism sector down by 2% in February 2022: GlobalData
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
Travel brands need to use this to directly engage with younger consumers
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 this space for faster outreach and connection.
London’s tourism industry to see boost from GBP10 million campaign but COVID-19 challenges remain
London’s tourism sector will benefit from the planned multi-million-pound campaign to drive visitors to the city, says GlobalData.
46% of travel app venture financing deals involved ridesharing, rental, or hailing companies in 2021
Out of the 26 travel app venture financing deals in 2021, 46% of them involved ridesharing, rental, or hailing companies, according to GlobalData.
Deal-making activity in travel sector down by 27% in January 2022: 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,
Join The Community
- Recap: The Travel Daily Media C-Suite Travel Trade Global Summit
- Croatia Wants You to Slow Down: Here’s Why ‘Pomalo’ Might Be the Vacation You Need
- SriLankan Cargo attains ISO 9001:2015 certification
- Dubai’s Tourism Soars as Visitor Numbers Outpace Residents, Surpassing Paris and London
- AYANA Segara at AYANA Bali introduces is Ocean View Residences
Join The Community