Several countries across the globe have restarted imposing international travel restrictions and measures to guard against Omicron, a new variant of the COVID-19. However, Twitter influencers and Redditors are of the opinion that travel ban may actually harm many industries, especially the travel and tourism industry, according to the Social Media Analytics Platform of GlobalData, a leading data and analytics company. FILE PHOTO: Travellers check a departures list at the ticketing level of Seattle-Tacoma International Airport before the Thanksgiving holiday in Seattle, Washington, U.S. November 24, 2021. REUTERS/Lindsey Wasson/File Photo GlobalData’s Social Media Analytics Platform identifies and tracks the emerging trends, pain areas, new fields of innovation among discussions of T...
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Following the ease of travel restrictions and reopening of international borders for vaccinated travelers, global airlines companies are striving to maintain services majorly by addressing staffing shortage issue amid massively increase in bookings. Against this backdrop, American Airlines, Inc. (American Airlines) has emerged as the top mentioned airlines operator among the top 10 most mentioned airlines companies on the basis of social media conversations of Twitter influencers and Redditors in 2021, finds GlobalData, a leading data and analytics company. An analysis of GlobalData’s Social Media Analytics (SMA) Platform, which identifies and tracks the emerging trends, pain areas, new fields of innovation among discussions of Twitter influencers and Redditors, revealed that the r...
Read MoreIndian tourists will be some of the most desirable travellers, given India’s growing economy, young population and rising middle class, according to GlobalData. The leading data and analytics company notes that the country is projected to reach record levels of 29 million outbound trips by 2025 – a buoyant outlook considering the strains of COVID-19. Craig Bradley, Associate Travel & Tourism Analyst at GlobalData, comments: “Before the pandemic, India was one of the most important and sought-after tourism source markets globally, and was a key target for major players such as VisitBritain and Tourism Australia. While the COVID-19 crisis put considerable strain on the country’s economy and tourism industry, Indian travellers are expected to be ready to travel once more.” Indi...
Read MoreGlobalData reveals top five tourism types discussed among influencers in 2021 Two years of pandemic have changed the way we think and act. Tourism being a major contributor to the GDP of several countries, the governments are taking various measures to revive the industry’s business from the impact of the COVID-19 pandemic. But what would be a game two years before, is now an emerging travel trend and, actually the leading trend. An analysis of GlobalData’s Social Media Analytics (SMA) Platform, which identifies and tracks the emerging trends, pain areas, new fields of innovation among discussions of Twitter influencers and Redditors, has revealed ‘Virtual Tourism’ as the most popular type of tourism, followed by ‘Space Tourism’ in 2021 upto early October. Smitarani Tripathy,...
Read More# VFR travellers likely to lead demand in the immediate travel recovery phase# VFR travel set to increase at a compound annual growth rate (CAGR) of 24.8% between 2021 and 2024# UK-US flights set to underpin recovery as demand for flights increases The announcement that US travel restrictions for vaccinated UK residents will be relaxed from early November will be met positively by people keen to reunite with family and friends. Leading data and analytics company GlobalData notes that the number of people travelling out of the UK to visit friends and relatives (VFR) is set to rise from 10.6 million in 2021 to 20.5 million by 2024 – that’s an impressive 24.8% CAGR. This is only good news for US tourism, which will benefit from an influx of UK tourists. FILE PHOTO: People queue to ente...
Read MoreWhile still a relatively unknown quantity on the international stage, Slovenia holds key attributes needed to become the next trending European destination in post-pandemic travel, says GlobalData, a leading data and analytics company. 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. Boasting an impressive Compound Annual Growth Rate (CAGR) of 9.7% between 2010 and 2019 for inbound arrivals, it was clear that word was beginning to get out on Slovenia’s underappreciated tourism product. However, a significant portion of international visitors are from source markets that are geographically connected to the nation, with approxim...
Read MorePrice-conscious travelers may be lured by the reboot of loyalty programs across the tourism sector. Various travel companies are now repositioning loyalty programs as value-orientated, rather than solely price focused in post-pandemic travel as they seek to tap into individuals’ desires for budget experiences, says GlobalData, a leading data and analytics company. GlobalData’s survey found that the main obstacles facing travel’s recovery are quarantine requirements (57%), travel restrictions (55%) and fear of contracting COVID-19 (51%). The fourth barrier was financial concerns (29%) and GlobalData’s Q1 2021 consumer survey found that 32% of global respondents were ‘extremely’ concerned about their personal financial situation. This suggests that economic constraints are going to be a ...
Read MoreDespite travel restrictions caused by COVID-19, it appears that consumer confidence has not been deterred too drastically, as a recent survey by GlobalData, a leading data and analytics company, revealed that 36% of respondents stated that they would consider an international trip to a different continent in the next 12 months, which is eight percent more than the percentage of respondents that stated they would consider an international trip to a country within the continent in which they live. Ralph Hollister, Travel and Tourism Analyst at GlobalData, comments: “Due to COVID-19, there has been frequent adjustments made to travel restrictions, and each country has different regulations in place, which means that traveling to a different continent in the short-term will still be risky....
Read MoreDespite the threat looming on the tourism industry because of third wave of COVID infections, Thailand is still keen on going ahead with its Phuket pilot project of reviving the tourism, although with proper safety measures. Following the news that Thailand reported 967 new COVID-19 cases on 11 April 2021; Animesh Kumar, Director of Travel and Tourism Consulting at GlobalData, a leading research and consulting company, said, “The news casts a shadow over Thailand’s plans to reopen tourism and allow quarantine-free visit to the vaccinated international tourists from July 2021 under a pilot in Phuket. It is crucial for the authorities as well as citizens to ensure that the spread of the highly contagious variant is controlled as it threatens not only the health and safety but also the ec...
Read More-Low-cost carriers’ aggressive cost-cutting will give them an even larger cost advantage than pre-pandemic.-87% of consumers are ‘extremely’, ‘quite’ or ‘slightly’ concerned about their personal finances, and low-cost carrier’s low fares are well-positioned to meet this need. -Low-cost carrier’s ability to quickly respond to pent up demand will pay off. The low-cost airline model will lead post-COVID recovery and help revitalize demand. Frugal cost-cutting measures taken and operational responsiveness will see these carriers move quickly to absorb pent-up demand and capitalize on any opportunities ahead of other high-cost model airlines, says GlobalData, a leading data and analytics company. The COVID-19 pandemic has amplified consumer concerns around personal finances. Global...
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