GlobalData
Poland’s outbound tourism to recover to pre-pandemic levels by 2024
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 travel to fully recover by 2025 – GlobalData
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% of 2019 levels, with a projected 1.5 billion international departures.
Tourism boards turn to their national cuisine to trump rivals
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 traditional natural hot spots, cities, or coastal locations, observes GlobalData, a leading data and analytics company.
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.
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