Many travelers likely to budget more when booking a holiday now, says GlobalData With national inflation rates increasing dramatically in recent months across Europe, the purchasing of cheaper tourism related products and services has allowed many European travelers to satisfy their desire of holidaying abroad while ensuring they can make ends meet back at home, found GlobalData, a leading data and analytics company. Ralph Hollister, Travel and Tourism Analyst at GlobalData, comments: “This level of inflation would be expected to severely dampen demand for international travel. However, stories of packed airports across Europe continue to emerge, demonstrating that the pandemic induced demand for international travel is still present even with inflation squeezing levels of dispo...
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Arrivals expected to reach 13.3 million by 2024, says GlobalData European travelers are set to become a key source market for the Gulf region, especially Gulf Cooperation Council (GCC) countries, which will help their post pandemic tourist industry recovery. Countries in the GCC include the United Arab Emirates, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain and they all offer a good range of flight options and a varied tourism product, which appeals to European travelers, says GlobalData, a leading data and analytics company. 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. In 2020, arrivals collapsed to 3.9 million due to the pa...
Read MoreEngland will allow fully vaccinated visitors from the European Union and United States to arrive without needing to quarantine from next week, in a huge and long-awaited boost for airlines and travel companies. Britain’s travel industry has heavily criticised the government for being too slow to open up and fretted that the delays have allowed the EU to race ahead in attracting tourists. FILE PHOTO: A traveller wearing a face mask walks at the Terminal 5 at Heathrow Airport, as the spread of the coronavirus disease (COVID-19) continues, in London, Britain. REUTERS/Henry Nicholls Now, from Aug. 2, travellers with U.S. and EU-approved vaccines will not have to quarantine. Lifting the same requirement for fully vaccinated Britons returning from medium risk countries in July helped t...
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