Customers in India are postponing their travel plans as they are concerned about getting infected by the virus in the closed environment of an aircraft cabin. If airlines offer rapid antigen tests at the airport and ensure that only those who have tested negative are allowed to board, it will help in elevating the consumer confidence.
GlobalData
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Major APAC tourist destinations recovery to pre-COVID-19 levels may take time, says GlobalData
International tourist arrivals in the APAC region declined by more than 75% in the first eight months of 2020
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Domestic tourism may not offer lifeline needed for Thailand tourism recovery, says GlobalData
A number of Thailand’s top ten source markets such as the US and India also remain badly affected by COVID-19. This suggests that the international tourism recovery will be slow for the destination as lack of spending and arrivals from its main contributors may cause further damage in the foreseeable future
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Deal Activity in travel & tourism sector declined by 11.3% during September
The number of private equity, partnership, venture financing, debt offerings, and mergers and acquisition (M&A) deals shrank by 41.7%, 33.3%, 15.8%, 10.5%, and 3.2% during September compared to the previous month, respectively, while equity offerings deal volume increased by 4%.
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There are signs of recovery for InterContinental Hotels, despite significant RevPAR decline, says GlobalData
According to GlobalData’s COVID-19 Recovery Consumer Survey (16–20 September), 41% of respondents globally would consider booking a domestic trip this year, compared with only 31% considering booking an international trip
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Decline in revenue-passenger kilometer, high cash burn rate compel airlines to cut jobs, says GlobalData
Airlines across the globe are going through the most severe crisis that they have ever encountered. Compared to the impact of SARS on the aviation industry, the monetary impact of COVID-19 is expected to be 45-50 times higher
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Top Chinese airline companies show signs of recovery, says GlobalData
Shortly after the slight dip in the first quarter ended 31 March 2020 (Q1 2020), the top airline stocks in China have been on the rise, mainly on account of the Chinese borders opening, growing domestic demand as well as the rise of Yuan and declining oil prices
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Contactless top theme among influencer conversations in hospitality industry on Twitter amid COVID-19, reveals GlobalData
According to GlobalData’s Lodging Influencer Platform, some of the trending contactless solutions are facial recognition, mobile apps for hotels, delivery robots and online F&B order.
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South Korean aviation sector shows positive signs in Q2 but full recovery will take time, says GlobalData
Korean Air reported a year-on-year operating profit of KRW148.5bn in Q2 on account of surge in cargo sales. On annual basis, the pandemic affected the company’s revenue by 44%
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Deal activity in Asia-Pacific up by 3.9% in September 2020, reveals GlobalData
The past three months have displayed uninterrupted growth in moderate proportion, which could be a positive sign for the region to overturn the deal market in the coming months