Domestic business tourism also suffered, dropping by 56% (63% decrease overall in 2020)
GlobalData
Posted inBusiness
COVID-19 second wave hinders economic recovery of Indian cities, says GlobalData
The combined real GDP growth of nine major Indian cities has been revised downward to 9.28% in May 2021 from the earlier projection of 9.61% in January 2021
Posted inBusiness
Travel apps will play key role in tourism recovery, says GlobalData
The desire for contactless technology is strong among consumers globally as apps that typically use contactless payment allows consumers to purchase at ease
Posted inBusiness
Slovenia could be the next trending destination in Europe, says GlobalData
According to GlobalData, international arrivals to Slovenia in 2019 reached 4.7 million. This total meant that the small Central European country was not even in the top 25 most visited countries in Europe
Posted inBusiness
Point-to-point airlines will lead industry recovery, says GlobalData
Many travelers will be looking to cut costs, and LCCs will likely benefit from this. Cost-cutting measures including streamlining operations and salary reductions will allow LCCs to push ticket prices to new lows to win over budget-conscious travelers
Posted inBusiness
Mexico’s outbound tourism fell 73% in 2020, according to GlobalData
Mexico’s short-term recovery will depend heavily on its thriving domestic tourism market. Like many other regions, GlobalData projections show domestic trips will recover by 2022.
Posted inBusiness
Vaccine skepticism should not be ignored in US outbound travel recovery, says GlobalData
The US is the leader in terms of total vaccinations globally, however, it has lost its position in the top ten countries globally in the vaccination rate per 1,000 population, according to GlobalData
Posted inF&B
Food delivery companies are using data and AI as their competitive advantage to break into the food production market, says GlobalData
Aggregators are capitalizing on the disruption to drive revenue, with AI technologies a key element of their success
Posted inBusiness
Travel industry bodies need to communicate more effectively to increase consumer confidence, says GlobalData
Industry bodies need to be more proactive in ensuring that customers’ rights arecommunicated and dealt with effectively