With rising concerns over climate change and commitment from travel companies to become carbon neutral, cleaner aviation is needed.
Business travel woes exposed
Amazon announced a saving of $1bn on travel expenses in 2020 leading to questions on just how long it will take for business travel to recover.
Accor-IHG merger rumors hints at imminent consolidation
Many reasons for a merger between the two companies make the prospect plausible, especially during the current COVID-19 induced economic downturn, during which both companies have experienced significant losses.
US tourism & leisure industry M&A dropped by over 95%
Total tourism & leisure industry M&A deals in Q2 2020 worth $387.67m were announced in the US, according to GlobalData’s deals database.
Electronic quarantine tags another necessary evil that will discourage travel plans
The electronic quarantine tag recently introduced in Singapore has the potential to rattle the number of international departures from the country, as it is yet another aspect that will elevate consumer angst and postpone recovery for neighboring Asian destinations, according to GlobalData
MICE tourism may never fully recover from COVID-19
Meetings, incentives, conferencing and exhibitions (MICE) tourism was one of the first types of tourism to be impacted by the global spread of COVID-19 and it could be one of the last to fully return as international business arrivals are projected to fall by 35.3% in 2020.
COVID-19 pushes airlines to explore ways to encourage seamless travel
Following the news that Etihad Airways has joined forces with Mediclinic for convenient home PCR testing in the United Arab Emirates (UAE).
Lack of high-spending US travelers will prolong economic recovery
As infection rates across the US surge, this invaluable source market is still a long way from recovery, which will only make matters worse for EU destinations that are major beneficiaries from US tourism, says GlobalData.
Travel & tourism sector witnesses 3.8% decline
The number of deals announced in the global travel and tourism sector declined by 3.8% during the week ended June 28, 2020, compared to the previous week, according to GlobalData’s deals database.
Marriott has a more realistic view on demand recovery in Europe
Sorenson thinks both the US and China have the same kind of travel industry fundamentals to fuel a stronger recovery than Europe.
