A total of 102 deals were announced in the global travel and tourism sector during September of this year, which is a decrease of 11,3 percent over 115 deals announced during the previous month, according to GlobalData, a leading data and analytics company.
Expedia recently revealed the latest phenomenon in pandemic travel behavior – the 'tripping point.'
A total number of 26,111 residents of Cyprus returned from a trip abroad in September of this year, compared to 132,409 in the corresponding month of 2019, recording a decrease of 80,3 percent.
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.
DBRS Morningstar released a commentary looking at the exposure of the euro area countries to the coronavirus disease (COVID-19) related tourism downturn.
The travel and tourism (T&T) sector witnessed an uptick in the third quarter (Q3) of this year’s earnings transcript sentiment scores, according to GlobalData, a leading data and analytics company.
The World Travel & Tourism Council (WTTC) has unveiled the latest set of measures designed to rebuild global consumer confidence, reduce risk and encourage the return of Safe Travels.
European Travel Commission (ETC) is calling on EU governments to better coordinate their COVID-19 recovery efforts by adopting a harmonised approach to lifting or reinstalling restrictions and safety measures, as tourism confidence plummets to a record low across the continent.
Elite and young independent travellers are crucial to the recovery of the travel sector as they are likely to be the first tourists to embark on international travel, however according to a survey by GlobalData, a leading data and analytics company, 35 percent of Gen Z and 48 percent of Gen Y are still extremely concerned about COVID-19. This servey was conducted between May 25 – 31, of this year.