data and analytics
Deal Activity in Travel and Tourism Sector Improved by 1.8% in Q1 2022 Compared to Q1 2021
GlobalData | April 13, 2022
A total of 289 deals* were announced in the global travel and tourism sector during Q1 2022, according to GlobalData, a leading data and analytics company. An analysis of the company’s Financial Deals Database reveals that this is a growth of 1.8% compared to the 284 deals that were announced in Q1 2021. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “This growth was driven by improvement in some of the key markets. Meanwhile, several other key markets experienced subdued activity due to prevailing market volatility and uncertainty.” While markets such as the US, the UK, Japan, India, Germany and Spain witnessed improvem...
The Cookieless World is Already Here. Are You Ready?
GCommerce | April 6, 2022
For many months, agencies and industry prognosticators (including GCommerce) have used publications like this one to warn about coming changes to advertising tracking and “cookies”. Together we have warned about the impact such changes will have on hotel’s abilities to conduct marketing as usual. We’ve warned about hotels’ lack of ability to accurately track revenue in the future, or that essential tools like remarketing will be forever changed. These warnings have likely got your attention. So what to do with this newfound concern? How do you, as a responsible hotelier, take the necessary steps to both understand the intricaci...
Deal Activity in the Travel & Tourism Sector Down by 2% During February 2022, Finds GlobalData
GlobalData | March 24, 2022
A total 96 deals—comprising mergers & acquisitions (M&A), private equity, and venture financing deals— were announced in the global travel and tourism sector in February 2022, according to GlobalData. The leading data and analytics company notes that this represents a decline of 2% compared to the previous month. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “While there is still prevailing uncertainty among deal makers in the sector, deal activity remains a mixed bag across different market and deal types.” The number of M&A deals decreased by 15.9% while the number of venture financing and privat...
Millennial and Gen Z travelers Should Be Targeted With Low-Cost Off-Peak Travel Options to Drive Future Demand
GlobalData | March 24, 2022
With two billion holiday takers within the age range 25-34 in 2021, the second highest for its number of holiday takers, behind 35-49, travel and tourism companies need to target millennials and Gen Z with offerings away from busy summer periods that create value for money and authentic experiences, found GlobalData. The leading data and analytics company notes that a significant contributing factor as to why there are so many holiday takers in the 25-34 age range is their ability to travel during off-peak periods. Many young millennial and Gen Z travelers have no children or major responsibilities in terms of occupational and financial ob...
Google Represents Ongoing Threat to Online Travel Agencies, Says GlobalData
GlobalData | January 13, 2022
COVID-19 had a serious impact on online travel agencies (OTAs), according to GlobalData, which notes that the OTA market value decreased by a gruesome 60.4% year-on-year (YoY) in 2020. The leading data and analytics company reveals that this strain has amplified OTA’s existing concerns around the growing presence of Google in the market, and how the tech giant’s control could impact competitivity and, therefore, consumer choice. Ralph Hollister, Travel and Tourism Analyst at GlobalData, comments: “Google’s growing presence in online travel will be ominous for OTAs that have no choice but to rely on the search engine fo...
Robotics Operation in Travel and Tourism Industry Set to Grow
GlobalData | November 4, 2021
The utilization of robotics will continue to grow in importance in the travel and tourism industry. However, companies need to be sensitive in how they deploy this form of smart technology, says GlobalData, a leading data and analytics company. According to a recent GlobalData poll*, 31% of the respondents stated that their company will invest in robotics in the next 12 months, with robotics being the third most popular answer for this question, above the likes of IoT and cloud. A significant contributing reason as to why business executives and employees think that investment in robotics will increase is due to the long-term cost savings ...
Delay of 2020 Olympics Devastating for Tokyo Lodging Industry, Says GlobalData
GlobalData | April 2, 2020
Major players based in the Japanese capital will be relieved that an Olympic cancellation has been avoided, but smaller operators will be unable to see a silver lining, says GlobalData, a leading data and analytics company. Ralph Hollister, Travel & Tourism Analyst at GlobalData, comments: “Many smaller establishments that do not have the high cash reserves that their large-scale competitors possess needed the Olympics to occur this summer. “The closure of major attractions in Japan that encouraged a constant flow of guests such as Tokyo Disneyland, combined with China banning overseas trips, has created a severe lack of tourism...
Knowland Insights: Coronavirus Pandemic – Hotel Group Impact and Actions
Knowland | March 12, 2020
Large losses of business, mitigation in the short term and positioning for an eventual rebound Washington, DC (March 12, 2020) Knowland, the leader in revenue-generating hospitality meetings data and analytics, is tracking the impact of the Coronavirus pandemic on group business for the hotel industry. Today, Knowland announced estimated group cancellation rates across a 90 - 120 day booking window for the US/North America, Asia Pacific and Europe regions. As expected, Asia Pacific has the highest cancellation rate with 90%, while U.S./North America hotels report a 40% cancellation rate for events and meetings. The U.S./North America ...
