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A total of 77 deals (mergers and acquisitions, private equity, and venture financing) were announced in the global travel and tourism sector during February of this year, which is a decrease of 3,8 percent over the 80 deals announced in January, according to GlobalData, a leading data and analytics company.

Following the fact that Australian and New Zealand residents are be able to travel between the two countries with no quarantine restrictions which commenced April 19,  Ralph Hollister, analyst, travel and tourism, GlobalData, a leading data and analytics company, offered his view on the situation:

The impact of COVID-19 may allow VR to permanently shake off its image of being a gimmick in the tourism sector. Hype behind the technology in recent years has often been greater than actual usage, especially for leisure purposes. However the longer this pandemic impacts travel for, the higher the chance that consumers and organizations adopt this technology on a more permanent basis, according to GlobalData, a leading data and analytics company.

Prolonged travel restrictions could be the final nail in the coffin for resort operators in some European ski resorts as they depend solely on the winter season to survive.

The launch of Wizz Air’s Abu Dhabi arm could pay dividends for the low-cost carrier by tapping into underserved markets and support the emirate by stimulating inbound tourism. This recent development reinforces the necessity for low-cost competition, and the airline will support the stimulation of leisure demand to the UAE during and post-COVID-19, according to GlobalData, a leading data and analytics company.

Hipcamp’s closure of a USD57 million Series C funding round brings its internal value to more than USD300 million - more than double its value in 2019.

The number of international travellers from Canada to Costa Rica is set to grow from 233,143 in 2019 to 360,344 in 2024, increasing at a compound annual growth rate (CAGR) of 9,1 percent according to GlobalData, a leading data and analytics company.

A total of 89 deals were announced in the global travel and tourism sector during November of this year, which is a decrease of 23,3 percent over 116 deals announced during the previous month, according to GlobalData, a leading data and analytics company.

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.

Saudi Arabia claims it remains on track to reach its ambitious target of welcoming 100 million tourists annually by 2030.This would mean a near six-fold increase in tourist arrivals over the next 11 years, from the 17 million visitors the country welcomed in 2019, according to GlobalData, a leading data and analytics company.