Uttarakhand has taken a balanced approach in removing the travel restrictions and presented some significant learnings for other tourist destinations in India and across the globe
GlobalData
Posted inBusiness
Contactless technologies gaining traction in travel and tourism industry, says GlobalData
The COVID-19 pandemic became a wakeup call for the travel and tourism industry to accelerate investments in contactless technologies like biometric check-in at airports and keyless hotel entry, which significantly reduce potential risks associated with physical touchpoints
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Successful IPL could help rebuild confidence in UAE tourism, says GlobalData
The event will instill confidence in the country right before the peak winter tourism season, which starts from November and goes on until April
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Travel & Tourism companies’ sentiments showing signs of rebound, says GlobalData
Hotel operators’ sentimental growth was influenced by improvements in occupancy rates, while airline companies’ sentiments were largely influenced by enhanced liquidity
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Government support crucial for revival of tourism industry in India, says GlobalData
Instead of giving a financial grant, it is more important for the government and the industry stakeholders to take steps to bring in inbound tourists
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Overtourism still an issue in Europe as domestic visitation increases, says GlobalData
According to GlobalData figures, international departures from Europe’s G7 countries* are expected to drop by 40% in 2020, which is a much steeper decline than domestic trips at 25%
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Travel & tourism sector witnessed marginal improvement in deal activity during July 2020
Venture financing and mergers and acquisition (M&A) deals announcements increased during the month, while the number of private equity, equity offering, debt offering and partnership deals decreased
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Particular airlines could emerge unscathed from poor handling of refunds, says GlobalData
Delaying refunds is a calculated risk that not all airlines can get away with
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Despite Japan’s efforts to revive travel and tourism industry, deal activity likely to remain subdued, says GlobalData
The number of deals announced in the Japanese travel and tourism industry decreased by more than 50% in Q2 2020 compared to Q1
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Booking Holdings job cuts show continued struggles of travel operators, says GlobalData
While there are embryonic signs of an uptick in demand, this news from Booking Holdings shows the struggles travel operators will continue to experience as they wrestle with the deleterious impact of COVID-19