The country is projected to reach record levels of 29 million outbound trips by 2025
GlobalData
Posted inOperations
Robotics operation in travel and tourism industry set to grow, says GlobalData
According to a recent GlobalData poll, 31% of the respondents stated that their company will invest in robotics in the next 12 months
Posted inBusiness
European travelers to drive Gulf tourism recovery with arrivals expected to reach 13.3 million by 2024: GlobalData
The company’s latest report, ‘Gulf Cooperation Council (GCC) Tourism Destination Market Insight’, reveals that in 2019 pre-pandemic arrivals from Europe to GCC countries reached 11.8 million tourists.
Posted inBusiness
Trips to visit friends and family set to rise by ten million by 2024 as US relaxes UK travel restrictions, says GlobalData
VFR travellers likely to lead demand in the immediate travel recovery phase
Posted inBusiness
Air India opens for bids, but investment in the struggling airline could prove risky, says GlobalData
Research by leading data and analytics company GlobalData indicates that the Indian aviation market has a strong preference for low-cost carriers (LCCs).
Posted inBusiness
Deal-making activity in the travel & tourism sector declined by 17.4% during Aug 2021: GlobalData
A total of 57 deals comprising mergers & acquisitions, private equity, and venture financing during this period
Posted inBusiness
Hyatt’s acquisition of Apple Leisure Group will boost its leisure portfolio, says GlobalData
The strong recovery of luxury travel alongside the geographical expansion of Hyatt’s market portfolio point to future gains for the company
Posted inBusiness
Visiting friends and relatives will be a driving force behind travel’s recovery, says GlobalData
VFR was the second most typically taken holiday in 2019 by global respondents (46%) in GlobalData’s Q3 2019 consumer survey
Posted inBusiness
Australia’s lockdowns set to weaken domestic travel recovery, says GlobalData
Australia’s domestic recovery was strong in H1 2021, the reintroduction of lockdowns and state border closures will serve as a blow, and set to weaken and slow down the domestic travel recovery
Posted inBusiness
Expansion of voco brand will strengthen IHG’s eco-credentials, says GlobalData
Thee upscale hotel market is expected to gain some of the ground lost in 2020, and voco’s focus on environmental sustainability will strengthen IHG’s eco credentials.