Vaccine tourism, where tourist hotspots are now offering COVID-19 vaccinations on holiday to attract visitors, is a double-edged sword as, while it could assist travel’s restart, it also raises the question of vaccine equity as it will further increase the divide between the wealthy and less privileged, according to GlobalData, a leading data and analytics company.
A desire to reconnect with family and friends after a year of stringent lockdown measures due to COVID-19 is likely greater than a leisure getaway this year, and therefore its power should not be underestimated in travel’s recovery, according to GlobalData, a leading data and analytics company.
With Australia battling a rise in COVID-19 cases, domestic travel has reduced drastically. While Australia’s domestic recovery was strong in the first half (H1) of this year, the reintroduction of lockdowns and state border closures will serve as a blow, and set to weaken and slow down the domestic travel recovery. Additionally, Qantas airline standing down its staff signals the prospect of a longer road to recovery, according to GlobalData, a leading data and analytics company.
Revolut’s new super app, ‘Stays’, could threaten the profitability of leading travel brands across Europe and the US, according to GlobalData. The leading data and analytics company notes that the app has beat leading brands in the move towards end-to-end booking solutions, which comes right at home with travel-hungry customers looking for deals online.
The COVID-19 pandemic has had a devastating effect on the business travel industry. The international sector was by far the worst affected, facing a 75 percent drop in total trips.
While this year is set to be a breakthrough year for commercial space travel, the viability of this hyper-premiumized and ultra-exclusive experience remains unknown says GlobalData, a leading data and analytics company.
Shangri-La International Hotel Management Ltd.’s (Shangri-La) increased hiring activity since March of this year reflects the company’s expansion plans across Asia and Middle East.
The COVID-19 pandemic has had a devastating effect on Mexican outbound travel, with the number of trips falling by 73 percent. This figure is the second-highest fall in the Americas, after Peru (76 percent).
A total of 71 deals (comprising mergers and acquisitions, private equity, and venture financing) were announced in the global travel and tourism sector during April, which is a decline of 34,3 percent over 108 deals announced in March, according to GlobalData, a leading data and analytics company.
Despite 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, indicated.