GlobalData
GlobalData

Travel & Tourism

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Travel and tourism sector deal activity down by 22.5% YoY during January-February 2024, reveals GlobalData

The travel and tourism sector witnessed the announcement of 93 deals* globally during the first two months of 2024, an year-on-year (YoY) decline of 22.5% compared to the announcement of 120 deals during the same period in 2023, reveals GlobalData, a leading data and analytics company. An analysis of GlobalData’s Deals Database reveals that the […]
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Egypt economic growth to spur business travel in North Africa, says GlobalData

Egypt’s rising economy and structural development presents a considerable opportunity for the long-term expansion of business tourism in the North Africa region, according to GlobalData, a leading data and analytics company. According to GlobalData’s report, ‘Tourism Destination Market Insight: North Africa’,  business travel is currently undeveloped in North Africa, representing only 10% of trips to […]
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Turkish Airlines’ Champions League sponsorship signifies airline industry recovery and crypto sponsorship fragility, says GlobalData

Following the news that Turkish Airlines is the first airline to sponsor the UEFA Champions League after Crypto.com walked away from a deal; Conrad Wiacek, Head of Sport Analysis at GlobalData, a leading data and analytics company, offers his view: “Turkish Airlines becoming the first Airline partner of the UEFA Champions League signifies a return […]
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Germans return to international travel: pre-pandemic levels reached by 2024 as 117.9 million will take to the skies, according to GlobalData

German holiday makers 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 2019’s 116.1 million despite economic decline in Europe. The leading data and analytics company notes that budget-friendly travel, visits to friends and family, and non-city locations—especially […]
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European tourism company filings indicate ESG is the most pressing industry issue, finds GlobalData

GlobalData’s Company Filing Analytics reveals that environment, social and governance (ESG), COVID-19 and geopolitics are the top three themes mentioned by European tourism companies so far in 2022, respectively, indicating that these are the most pressing issues that the continent’s tourism industry faces. As shown by the leading data and analytics company, ESG is the most mentioned theme […]
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Many European travelers likely to budget more when booking a holiday due to inflation, says GlobalData

With national inflation rates increasing dramatically in recent months across Europe, the purchasing of cheaper tourism related products and services has allowed many European travelers to satisfy their desire of holidaying abroad while ensuring they can make ends meet back at home, found GlobalData, a leading data and analytics company. Ralph Hollister, Travel and Tourism […]
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Tourism industry recovery in Europe slows as airlines fail to adequately prepare for travel rebound, says GlobalData

International travel from Europe was set to make a promising start to recovery in 2022. However, chaos at many European airports is likely to hinder growth as queues and cancellations are quickly becoming air travel norms, says GlobalData. The leading data and analytics company notes that airlines failing to adequately prepare for travel’s great comeback […]
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International arrivals to South America expected to recover from a dire 3.3 million in 2021 to 35.5 million by 2024, says GlobalData

Research by GlobalData has revealed that international travel to South America plummeted from 35 million visitors in 2019 to a mere 3.3 million in 2021 due to the COVID-19 pandemic—meaning that the region missed out on around $49.2 billion* in tourism spend over the two years. The leading data and analytics company notes that, following […]
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Tourism from Women’s Euros set to benefit less-known destinations, with Rotherham potentially receiving $888,977 from day visits, says GlobalData

The UEFA Women’s European Championships is set to shine a light on less-known regions that are hosting games, such as Yorkshire and the Humber, and Rotherham in particular. Visitation to this area for the games could create a significant economic impact, while improving destination image, found GlobalData, a leading data and analytics company. Ralph Hollister, […]
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Travel confidence boosted as more than half of global tourists are unconcerned about the spread of COVID-19, finds GlobalData

More than two years on, widespread COVID-19 concern appears to be declining as international travel resumes, amid easing travel restrictions and rising vaccination rates. According to a live poll conducted by GlobalData, a leading data and analytics company, 57% of respondents are “not concerned” or are “not very concerned” about the spread of COVID-19, suggesting […]
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Thailand has an opportunity to become a major destination for Russian travelers as 435,000 tourists are predicted to visit in 2022, according to GlobalData

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 company notes that tourism ministers in Thailand must now ensure they can capitalize on this demand by increasing direct flights from Russia and ensuring aspects such […]
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Airlines should have learned from the pandemic that nothing is certain in the current climate as scaling issues cause flight chaos, says GlobalData

Many airlines betted on employees returning in hordes when travel started to meaningfully resume in 2022 and rapidly increased their Spring/Summer schedules as a result, says GlobalData. However, the leading data and analytics company notes that airlines should have learned from the pandemic that nothing is certain in the current climate. Ralph Hollister, Travel and Tourism […]
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Outbound tourism from Poland to recover to pre-pandemic levels by 2024 as COVID-19 travel restrictions are eased, says GlobalData

Weakened traveler confidence, combined with strict COVID-19 measures, saw Poland’s outbound tourism numbers shrink to a fraction of what they were in 2019, says GlobalData. Figures from the leading data and analytics company reveal that outbound tourism from Poland declined by 62.7% year-on-year (YoY) from 2019 to 2020, to just 6.8 million international departures. However, […]
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