GlobalData – आवारा मुसाफिर

Smart itineraries taking travel experience to next level

December 26, 2022886 Views

Innovation in the travel & tourism industry is on the rise, with many travel-assisted tools and services, including smart itineraries, popping up to enhance travelers' experience. With a rise in demand for personalized, accessible, and convenient experiences, smart itineraries are enabling travel planning providers to take travel experience to the next level, finds GlobalData, a leading data and analytics company. GlobalData’s FutureTech Series report, ‘Personalisation in Travel: Smart Itinerary Planners‘, highlights various disruptive forces in travel & tourism as emerging, accelerating, and maturing innovation areas based on their rate of growth in innovation. Rahul Kumar Singh, Senior Analyst of Disruptive Tech at GlobalData, comments: “Technology innovations have led...

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Thomas Cook India set to increase its customer base

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August 31, 2022261 Views

Company using multi-channel strategy, says GlobalData Thomas Cook India Limited (TCIL) is set to expand its customer base as it successfully targets both online and offline channels, and by capitalizing on its branch network, which is the company’s primary competency and a significant contributor to sales and profits, says GlobalData, a leading data and analytics company. GlobalData’s latest Report, ‘Case Study: Thomas Cook (India) Limited (TCIL)’, reveals how TCIL is marrying its online and offline channels to drive sales of trips and additional services. Akshat Sharma, Travel and Tourism Analyst at GlobalData, comments: “GlobalData Q4 2021 Consumer Survey* reveals that 25% of Indian respondents reported booking holidays through the online channel, while 5% reported booking holi...

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Ongoing crises make Sri Lanka tourism industry revival uphill task

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August 19, 2022458 Views

The travel and tourism sector is an important income generator for Sri Lanka. However, the ongoing economic crisis coupled with Ukraine–Russia war and China’s zero-COVID policy has put the sector in jeopardy. Against this backdrop, the country will face an uphill task in restoring a once thriving sector, says GlobalData, a leading data and analytics company. Tourism accounted for more than 12% of the country’s GDP in 2019 and the third-largest source of foreign exchange reserves - behind worker remittances and the apparel industry. According to GlobalData, international arrivals in Sri Lanka more than quadrupled from 448,000 to 1.9 million between 2009 and 2019, reaching a peak of 2.3 million inbound visitors in 2018. Concurrently, inbound tourism spending increased rapidly from $39...

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UK outbound travel to surpass pre-pandemic levels by 2024

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August 18, 2022993 Views

British holiday flyers are set to be back in full swing, with the country’s outbound travel figures reaching 86.9 million by 2024, surpassing the 84.7 million figure recorded in 2019 despite the economic decline in Europe, estimates GlobalData, a leading data and analytics company. According to GlobalData, budget-friendly travel —especially in the country’s favorite holiday destination, Spain—is set to be most popular. FILE PHOTO: Passengers queue to enter airport security ahead of the Easter Bank Holiday weekend, at Terminal 5 of Heathrow Airport, in London, Britain, April 14, 2022. REUTERS/Hannah McKay GlobalData’s latest report, ‘United Kingdom (UK) Source Tourism Insight, 2022 Update’, notes that the recovery in outbound tourism follows a weak 2020 and 2021, where lower trave...

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Influencers discuss inflation effect on travel

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July 22, 2022270 Views

Record 250% QoQ growth in Q2 2022, reveals GlobalData The travel and tourism sector has started to rebound with the easing of COVID-19 restrictions across the world. However, travelers are feeling the pinch of increasing inflation which has impacted travel costs including airfares and accommodation. Against this backdrop, Twitter influencer conversations on inflation around travel-related topics have recorded a staggering 250% quarter-on-quarter (QoQ) rise in the second quarter (Q2) of 2022, reveals the Social Media Analytics Platform of GlobalData, a leading data and analytics company. A significant spike in discussions was noticed in the second week of June, when airfares surged by 37.8% month-on-month in May, as inflation in the US recorded the highest level in the last 40...

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Inflation upsets travel plans of Europeans

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July 20, 2022565 Views

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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GST levy will stunt budget hotels recovery in India

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July 18, 2022299 Views

The move to levy 12% GST on small hotels and accommodation facilities will deal a heavy blow to India’s budget hotel industry, which saw annual revenues nosedive by 70% in 2020 due to COVID-19, says GlobalData. Goods and Services Tax (GST) Council in its latest decision has levied a 12% tax on small hotels and accommodation facilities charging room rent up to INR 1,000 ($12.5) per day effective from 18 July 2022. Anjali Singh, Consumer Analyst at GlobalData, a leading data and analytics company, says- “Intensive national vaccination program and the subsequent easing of COVID-19 restrictions boosted consumer confidence and the hotel industry recovered in 2021. This positive consumer sentiment carried over into 2022, with 51% of Indian respondents in GlobalData’s Q2 2022 survey...

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Tourism industry recovery in Europe slows as airlines falter

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July 13, 2022221 Views

International travel from Europe was set to make a promising start to recovery in 2022. However, chaos at many European airports is likely to hinder growth as queues and cancellations are quickly becoming air travel norms, says GlobalData. The leading data and analytics company notes that airlines failing to adequately prepare for travel’s great comeback has resulted in staff shortages. Hannah Free, Travel and Tourism Analyst at GlobalData, comments: “International departures from European countries are expected to reach 69% of 2019 figures in 2022, according to GlobalData forecasts. While destinations are eager to welcome visitors, supply simply cannot meet demand following extreme staffing deficits and industrial disputes, which has coincided with a rebound in international travel.” ...