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.
Upswing in travel costs can lead to a slow recovery
According to COVID-19 consumer survey, 59% of respondents globally are always or often influenced by how well a product aligns with their financial constraints.
China must restore brand image as a tourist destination for recovery
The outbreak originated in China and quickly spread globally. The effects of this severely impacted China as a tourism destination as well as Chinese travelers.
MGM Resorts International currently struggling despite 2020 plan, says Globaldata
Following the announcement of MGM Resorts International results for Q3 2019, Johanna Bonhill-Smith, Travel, and Tourism Analyst at GlobalData, a leading data, and analytics company, offers her view.
Expedia’s results beat expectations
GlobalData analyst believes this is due to strong core performance and expansion strategy
Cybersecurity investment – you must act now, says GlobalData
The hefty fines announced this week for significant data breaches at British Airways and Marriott have brought cybersecurity measures at major corporations into stark focus.
