.jpg)
The pandemic has triggered a fear of infection through handling of cash, thus pushing adoption of non-cash payment tools, particularly contactless cards.
GlobalData
.jpg)
Posted inBusiness
Generation X travel plans most disrupted by COVID-19 in UAE
GlobalData found that 65% of UAE respondents in this age range remain ‘extremely concerned’ about the global outbreak of COVID-19
.jpg)
Posted inBusiness
Travel resumption and robust hygiene measures key for revival of travel and tourism in Singapore, says GlobalData
According to Singapore Tourism Board (STB), the international tourist arrivals stood at approximately 1.6 million in April 2019
Posted inBusiness
Cruise companies should continue to invest in sustainable technology
Increased technological advances mean that cruise ship operators are able to use cleaner fuels to curb emissions and reduce the cost of fuel
Posted inBusiness
14-day quarantine for UK travelers casts doubt over short international getaways
Currently, there is much concern among operators as many urge industry leaders to ‘abandon quarantine
Posted inBusiness
EasyJet prepares for post-COVID-19 Europe as continent considers reopening to tourism, says GlobalData
The COVID-19 pandemic is severely affecting tourism in many European countries
Posted inBusiness
‘New normal’ for hotel industry may revolve around advanced technology, says GlobalData
The hotel industry may experience some of the most permanent changes within the tourism sector, being led through advanced technology
.jpg)
Posted inBusiness
Financial investment critical for travel operators but a conservative approach must be taken
A conservative approach is critical for travel companies that have secured financial investment, as the duration of COVID-19’s impact remains unclear says GlobalData
Posted inBusiness
Travel & tourism deal activity rebounds, registers 22.7% growth
The announcement of debt offering deals increased by 160% during the week, while mergers and acquisitions (M&A) and venture financing deal volume declined by 57.1% and 33.3%, respectively
Posted inBusiness
Asia-Pacific witnessed decline in deal activity during week ended 10 May, finds GlobalData
Sectors such as healthcare (including pharmaceuticals and medical equipment), retail and travel and tourism witnessed decline in number of announced deals during the week compared to the previous week.