GlobalData – Page 7 – आवारा मुसाफिर

Summer ‘Seacations’ should be operated with caution

March 30, 2021977 Views

-Seacations have the potential to encourage further bookings for international cruisess later this year-COVID-19 breakout on board could decrease travelers confidence-Shared facilities mean cruises present a risk for transmitting viruses easily Many cruise operators have jumped at the opportunity to take advantage of a predicted UK domestic holiday surge by offering ‘seacations’. Wrong moves such as a COVID-19 breakout on board could decrease travelers confidence and have a knock-on impact on much-needed income. However, if done right, these offerings have the potential to encourage further, higher-yielding bookings for international voyages later this year and into 2022, says GlobalData, a leading data and analytics company. Rheanna Norris, Associate Analyst at GlobalData, comm...

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Intra-regional tourism crucial for ASEAN tourism revival

AWARA MUSAFIR BUREAU

March 26, 20211138 Views

Due to an abundance of low-cost connectivity and an increased preference for travel closer to home, the intra-regional tourism will play a key role in revitalizing the ASEAN countries’ tourism economies, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Tourism Destination Market Insight- ASEAN (2021)’, reveals that in 2019, 44.3 million tourists traveled between the ASEAN countries. The intra-ASEAN travel is expected to grow at a compound annual growth rate (CAGR) of 5% from 2019 to 2024 and reach 56.6 million by 2024. Given the high level of growth, intra-regional travel could be key to the region’s recovery from the impact of COVID-19. The virus caused an 36.9% year-over-year decrease in intra-regional travel in 2020 to a low of 27.9 million arrival...

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Environmental sustainability must be a key focus area for cruise operators

AWARA MUSAFIR BUREAU

February 24, 2021976 Views

COVID-19 has strengthened a recent shift in consumer sentiment, with the pandemic further increasing concerns around environmental damage caused by the tourism sector. Cruise operators could be at risk of losing custom to other holiday/transport types if they do not act fast and place environmental sustainability at the forefront of new developments, says GlobalData, a leading data and analytics company. Gus Gardner, Travel and Tourism Analyst at GlobalData, comments: “GlobalData’s Week 11 COVID-19 Recovery Consumer Survey*, reveals that as a result of the COVID-19 pandemic, 31% of global respondents have made reducing their environmental footprint slightly/significantly more important than before, with a further 12% making it their top priority. This significant shift in consum...

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Over 70s should not be forgotten in the recovery of travel

AWARA MUSAFIR BUREAU

January 28, 2021648 Views

A reported spike in travel bookings from the over 70s shows that this demographic should not be overlooked when businesses make plans for recovery, says GlobalData, a leading data and analytics company. Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, comments: "Not only is this demographic one of the first to be vaccinated, they are also typically big spenders and less hindered by time constraints. This makes this a lucrative demographic to target in order to boost post pandemic travel." Only 26% of respondents from the Silent Generation (70+) declared they are ‘extremely’ or ‘quite concerned about their personal financial situation compared to 77% of Millennials in GlobalData’s COVID-19 Recovery Survey. Feeling ‘hopeful’ was the second most common emotion fel...

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British Airways most mentioned airline among influencer conversations

AWARA MUSAFIR BUREAU

January 18, 20211704 Views

The global aviation industry has been affected by the COVID-19 outbreak. After relaxation on air travel, several airline operators are taking various measures to mitigate the losses and meet the travel demand ahead of the holiday season. This has led to a staggering 100% year-on-year rise in influencer conversations on Airlines Influencer dashboard during Q4 2020. Against this backdrop, British Airways emerged as the most mentioned airline operator in the UK among influencer conversations on Twitter during the period, reveals GlobalData, a leading data and analytics company. The UK registered highest number of influencer conversations on Twitter related to aviation industry, followed by the US, Australia, India and Canada. American Airlines was the top operator in the US among infl...

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China among top themes in travel and tourism sector

AWARA MUSAFIR BUREAU

December 17, 20201033 Views

With lockdowns and shutdowns back across several countries to contain the possible second or third wave of COVID-19, China’s domestic travel rebound has fueled discussions in the travel and tourism (T&T) sector. As a result, mentions around ‘China’ and related keywords have risen by over 16% in 2020 (as on 10 December) earnings call transcripts compared to 2019, reveals GlobalData, a leading data and analytics company. As the Chinese government continue to impose strict quarantine measures for the returning travelers, people have looked at domestic travel. Come 2021, GlobalData expects Chinese luxury hotel room occupancy rates to be a cut above budget or midscale rooms. Companies such as Hyatt and Hilton have seen recoveries in China with improving occupancy rates since mid-2020. A...

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Tripadvisor emerged as top travel intermediary

AWARA MUSAFIR BUREAU

December 14, 20201017 Views

Had 40% growth in influencer conversations on Twitter over last six months The entire travel and tourism value chain has been affected by the COVID-19 outbreak, and travel intermediaries are not an exception. However, American online travel company Tripadvisor, Inc (Tripadvisor) witnessed a 40% growth in influencer conversations during June-November 2020 period on Twitter, which is the highest among the travel intermediaries, reveals GlobalData, a leading data and analytics company. An analysis of GlobalData’s Influencer Platform revealed steady growth in influencer conversations for Tripadvisor and Booking Holdings, whereas Expedia failed to sustain the high spike. Booking Holdings Inc. (Booking Holdings) witnessed 20% growth while Expedia Group, Inc (Expedia Group) saw a decline o...

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Tourism in top Asian destinations will take time to recover

AWARA MUSAFIR BUREAU

November 3, 20201079 Views

Even though major economies across the Asia-Pacific (APAC) started negotiating travel bubble pacts with their key source countries to revive the tourism sector, recovery to pre-COVID-19 pandemic levels may take time even after all restrictions are withdrawn, says GlobalData, a leading data and analytics company. International tourist arrivals in the APAC region declined by more than 75% in the first eight months of 2020. Hong Kong reported a loss of more than 90% international visitors in the same period, followed by Japan, South Korea, Macau with more than 80%, and Singapore and Thailand by 79% and 75%, respectively. China, where the COVID-19 was first reported, reported the highest reduction in inbound visitors of 87% in Q1 2020. Aditi Dutta Chowdhury, Economic Research Analys...

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Domestic tourism may not offer lifeline to Thailand tourism

AWARA MUSAFIR BUREAU

October 31, 2020478 Views

Amidst the political turmoil in Thailand, the domestic tourism recovery is getting stalled and delayed, reminding the tour operators that COVID-19 is not the only barrier for recovery. Domestic tourism revival has offered hope for many s during this pandemic but for Thailand, this may not be the case, says GlobalData, a leading data and analytics company. Thailand is renowned as one of the most tourism-reliant destinations globally, receiving 39.7 million international visitors in 2019. Its domestic tourism contribution way surpasses this, with 113 million domestic trips taking place in 2019. The significance of domestic travel cannot be overstated. Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, comments: “GlobalData forecasts international tourism to Thailan...

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Rail travel likely to boom post COVID-19

AWARA MUSAFIR BUREAU

October 28, 2020437 Views

International rail travel offers an ‘environmentally friendly’ alternative to flying and as the second wave of COVID-19 approaches, it may experience a boom post-pandemic. Tourists are likely to favor destinations closer to home due to fears of flying and ever-changing restrictions on international travel. Consequently, rail travel is likely to benefit – although it is highly unlikely that it will surpass air travel in terms of international travel, says GlobalData, a leading data and analytics company. According to GlobalData’s latest global survey*, 48% of respondents said that reducing their environmental footprint is now more important than prior to this pandemic and 37% declared that this is as important as before. Traveling by rail is a more environmentally friendly form of trans...