Some UK domestic holiday and accommodation providers have increased prices significantly throughout 2021 amid soaring ‘staycation’ demand and this could deter British tourists in 2022, says GlobalData, a leading data and analytics company. FILE PHOTO: Travellers with they suitcases sit at the Eurostar terminal at St Pancras International in London, Britain. REUTERS/Hannah McKay Craig Bradley, Associate Travel & Tourism Analyst at GlobalData, comments: “Increasing prices risks resulting in a lost opportunity for many UK tourism companies that previously had a prime opportunity to increase competitiveness with outbound tour operators. Instead, overinflated prices could effectively price them out of the market for summer 2022 and beyond, when UK travelers are more likely to venture...
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Rising COVID cases can jeopardize domestic travel recovery in UK, Australia
Despite staycation demand in the UK being strong, the rise in COVID-19 infections and the requirement to self-isolate if ‘pinged’ could jeopardise summer plans, and tourism operators could miss out on much-needed revenue this summer, says GlobalData, a leading data and analytics company. Similarly, with Australia also battling a rise in COVID-19 cases, domestic travel has reduced there drastically. According to a live GlobalData poll, domestic holidays are set to be the most popular in the coming 12 months, with 30%* of UK respondents opting for this type of trip, marginally lower than the 32% of global respondents preferring domestic travel. With restrictions continuously changing for international travel, domestic holidays seem a safer bet in the immediate term. FILE PHOTO: Travel...
Read MoreThe International Air Transport Association (IATA) and Tourism Economics have released a long-term view for post-COVID-19 passenger demand recovery which demonstrates that people remain eager to travel in the short and long-term. To ensure that aviation can sustainably deliver its social and economic benefits as it meets this long-term demand, it is critical that governments step-up their support for more efficient operations and foster an effective energy transition. Forecast highlights include: *In 2021 global passenger numbers are expected to recover to 52% of pre-COVID-19 levels (2019).*In 2022 global passenger numbers are expected to recover to 88% of pre-COVID-19 levels.*In 2023 global passenger numbers are expected to surpass pre-COVID-19 levels (105%).*By 2030 global pas...
Read MoreThe International Air Transport Association (IATA) has called on governments to partner with the air transport industry to devise plans to safely re-link people, business and economies when the COVID-19 epidemiological situation permits. A priority for this critical cooperation is acceleration of the establishment of global standards for vaccination and testing certification. “We can see the light at the end of the tunnel as vaccination programs roll out. Turning this vision into a safe and orderly re-start will require careful planning and coordination by governments and industry. This will be challenging as the priority for the weeks and months ahead will be containing the spread of new variants. But even as the crisis deepens, it is important to prepare the way for a resumption of f...
Read MoreA 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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