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.
A total of 73 deals were announced in the global travel and tourism sector during July of this year, which is a decline of 39.2 percent over 120 deals that were announced in June, according to GlobalData, a leading data and analytics company.
With an average expenditure of USD2,177 per outbound tourist, Brazil was the seventh highest spending outbound market globally in 2021.
As the tourism sector has undergone a digital transformation, the wealth of personal customer data that the industry stores has exploded, leaving the industry ripe for cyberattacks.
Following the easing of global COVID-19 restrictions, mentions in filings of ‘business travel’ per company across sectors rose 17 percent in 2021 and have risen a further four percent this year, suggesting that companies are looking at resuming business travel, according to GlobalData, a leading data and analytics company.
The UEFA Women’s European Championships is set to shine a light on less-known regions that are hosting games, such as Yorkshire and the Humber, and Rotherham in particular.
Deal activity in the global travel and tourism sector mostly remained flat during May of this year compared to the previous month, announced GlobalData. According to the leading data and analytics company’s Financial Deals Database, a total of 73 deals were announced in the global travel and tourism sector during May, which is a growth of 1,4 percent over 72 deals announced in April of this year.
Weakened traveller confidence, combined with strict COVID-19 measures, saw Poland’s outbound tourism numbers shrink to a fraction of what they were in 2019, according to GlobalData.
As the travel industry’s recovery starts to gather pace, many tourist boards are looking to differentiate themselves from rival destinations by focusing on their cuisine rather than traditional natural hot spots, cities, or coastal locations, observes GlobalData, a leading data and analytics company.
International departures will reach 68 percent of the pre-COVID-19 levels globally this year and are expected to improve to 82 percent in 2023 and 97 percent in 2024, before making a full recovery by 2025 at 101 percent of 2019 levels, with a projected 1.5 billion international departures. However, the trajectory for the recovery in international departures is not linear across regions or countries, according to GlobalData, a leading data and analytics company.