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It has clear that COVID-19 is not the only obstacle for future profitability for travel operators, according to GlobalData, a leading data and analytics company.

The number of deals announced in the global travel and tourism sector remained at a similar level in July compared to the previous month. Deal volume increased marginally by 0,9 percent from 109 in June of this year to 110 in July, according to GlobalData’s deals database.

Europe’s tourism and leisure industry saw a drop of 53,1 percent in overall deal activity during second quarter (Q2) of this year, when compared to the four-quarter average, according to GlobalData’s deals database.

US spending into South America is forecast to drop by 44,4 percent between 2020 and 2021 as travel restrictions due to COVID-19 have stymied visitor flows.

Greece saw 35,3 million international arrivals in 2019 and was forecast to welcome 37,1 million arrivals this year pre-COVID-19. However, the impact of COVID-19 has seen that projection fall to 24,3 million, according to the latest figures from GlobalData, a leading data and analytics company.

The number of deals announced in the global travel and tourism sector declined by 3,8 percent during the week ended June 28, of this year, compared to the previous week, according to GlobalData’s deals database.

Generation X has experienced the most disruption among age groups in the UAE when it comes to the cancelation of travel plans.

The number of deals announced in the global travel and tourism sector declined by 31,3 percent during the week ended May 31, of this year compared to the previous week, according to GlobalData’s deals database.

The number of deals announced in the global travel and tourism sector declined by 38,5 percent during the week ended May 24, of this year compared to the previous week, according to GlobalData’s deals database.

Total tourism and leisure industry deals for April of this year worth USD4,86 billion were announced globally, according to GlobalData’s deals database.