GlobalData – Page 8 – आवारा मुसाफिर

Declining revenue, high cash burn rate compel airlines to cut jobs

October 22, 2020548 Views

Decline in revenue-passenger kilometre and high cash burn rate are compelling various airlines to cut jobs. Now Cathay Pacific Airways is cutting over 5,000 jobs in Hong Kong and closing its Cathay Dragon brand. Cathay Pacific joins a growing list of airlines, which have been cutting jobs or plan to do so. Recently, Singapore Airlines and Qantas Airways reduced their workforce by 20% and 30%, respectively. Airlines across the globe are going through the most severe crisis that they have ever encountered. Compared to the impact of SARS on the aviation industry, the monetary impact of COVID-19 is expected to be 45-50 times higher. Animesh Kumar, Director of Travel and Tourism Consulting at GlobalData, a leading research and consulting company, said: “Several countrie...

खबरनामाट्रैवल उद्योग

Contactless top theme among influencer conversations in hospitality sector

AWARA MUSAFIR BUREAU

October 15, 2020758 Views

Contactless technology solutions are gaining traction in the hospitality industry, as they reduce the potential risk of contracting COVID-19 through physical touchpoints. Against this backdrop, ‘contactless’ has emerged as the top conversation theme among influencer discussions in the hospitality industry on Twitter during April-September 2020, reveals GlobalData, a leading data and analytics company. Prashant Saxena, Influencer Expert at GlobalData, comments: “After the recent relaxation of air travel, hoteliers are getting prepared for their guests to return with the implication of new hospitality technologies to improve operations. They need to leverage self-service along contact-free technologies with an eye on health, safety and security norms.” According to GlobalData’s Lo...

उत्तराखंडखबरनामाघटनाएं

Uttarakhand further relaxes entry rules, negative COVID-19 report now not needed

AWARA MUSAFIR BUREAU

September 23, 2020471 Views

Just a day after the new set of rules came into force on Monday, Uttarakhand government further relaxed post-COVID norms for entry of travelers into state, bringing it almost at par to those of neighbouring hill state of Himachal Pradesh. Two important conditions have been done away with in the new notification issued on Tuesday, September 22, 2020. Now there will be no prebooking of minimum two nights required to enter the state. More importantly, no negative COVID-19 test report will be now required. Travelers as well as the hotels of their stay will have to keep an eye on symptoms and in any case of a symptom related to COVID-19 showing up, they will have to immediately inform the concerned health authorities. Two things will still be checked on the state bor...

खबरनामाट्रैवल उद्योग

Contactless technologies gaining traction in travel and tourism industry

AWARA MUSAFIR BUREAU

September 17, 2020496 Views

The COVID-19 pandemic has brought the travel and tourism industry to a near standstill with prolonged lockdowns. Now that government authorities across several countries have relaxed air travel restrictions, airports and hotels are trying to re-build confidence in travelers. Against the backdrop, contactless technologies are proving to be a game changer for the industry, says GlobalData, a leading data and analytics company. Sneha Nigade, Disruptive Tech Analyst at GlobalData, comments: “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.” The Innovation Explo...

खबरनामाट्रैवल उद्योग

Government support crucial for revival of tourism industry in India

UPENDRA SWAMI

September 8, 2020380 Views

Tourism industry is among the worst impacted industries due to the COVID-19 pandemic and all sectors including airlines and hospitality have been severely impacted. A helping hand, largely from government, is definitely required for the survival of tourism industry in India. Now what is debated in tourism industry is whether it should be in form of a direct financial grant or not! Government itself has not offered any views on that. Following the news that the Indian Association of Tour Operators (IATO) has urged the government to provide relief to the tourism sector that is in dire straits due to COVID-19; Animesh Kumar, Director of Travel and Tourism Consulting at GlobalData, a leading data and analytics company, said, that, “India, with over 4.2 million confirmed cases, is only ...

खबरनामागोवा

Is opening up a dipstick study before peak tourism season!

AWARA MUSAFIR BUREAU

September 2, 2020507 Views

Tourism dependent economies across the globe are coming up with innovative and desperate measures to revive the tourism industry and so is the case with Goa. While some may cite the growing number of COVID-19 cases in the country at an alarming rate to argue that the restrictions lifting decision in Goa is premature, one must look at the state of the economy and the economy of the state, says a leading travel trade analyst. Following the news that Goa has lifted the restrictions on the movement of people in and out of the state and has allowed the reopening of bars; Animesh Kumar, Director of Travel and Tourism Consulting at GlobalData, a leading research and consulting company, said that, “Tourism, along with mining and pharmaceuticals, is a major contributor to the economy of Goa...

खबरनामाजापानट्रैवल उद्योग

Japan’s efforts to revive tourism industry not paying enough

AWARA MUSAFIR BUREAU

August 14, 20201067 Views

The global travel and tourism industry is among the worst hit due to COVID-19 pandemic and deal activity in the sector is muted. Japan too is not an exception, though the country seems to be keen on reviving the industry by introducing new initiatives. However, with the resurgence of new COVID-19 cases and mixed response amid criticism and concerns over second wave of infections, deal making sentiment is expected to remain subdued for some more months, says GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that the number of deals announced in the Japanese travel and tourism industry decreased by more than 50% in Q2 2020 compared to Q1. In a bid to revive COVID-19 battered domestic tourism industry, Japan rolled out a travel ...

खबरनामाघटनाएं

Europe keeps closing and opening the borders for travelers

UPENDRA SWAMI

July 30, 20201016 Views

Rising COVID-19 cases are making countries nervous and as more and more countries face a second wave of the pandemic, policy decisions are moving in disarray and fault lines are being exposed. Europe is witnessing all of this. After a unanimous decision by almost all major countries in the block earlier this month on opening EU countries for the foreign travellers, travel to Spain has become a new point of discontent. Firstly, it was UK when the British Government announcing that tourists returning from Spain will have to self-isolate for two weeks. In a massive blow for holidaymakers and the travel industry, restrictions were reimposed following an alarming spike in Covid-19 cases. As a result, Spain was removed from the lists of countries from which passengers arriving in England, Sc...

खबरनामाट्रैवल उद्योग

MICE tourism may never fully recover from COVID-19

AWARA MUSAFIR BUREAU

July 24, 20201280 Views

Meetings, incentives, conferencing and exhibitions (MICE) tourism was one of the first types of tourism to be impacted by the global spread of COVID-19 and it could be one of the last to fully return as international business arrivals are projected to fall by 35.3% in 2020, according to GlobalData, a leading data and analytics company. Ralph Hollister, Travel & Tourism Analyst at GlobalData, comments: “MICE events are now taking place online, without the need for companies operating in the tourism sector. This is a worrying trend for all industries involved in travel and tourism - the longer restrictions and guidelines last around MICE tourism, while other national economies start to pick up, the more companies, attendees and event organizers may start to become accustomed to h...