Posts filtered by tags: GlobalData[x]


 

Budget hotels set to benefit from increase in price-sensitive travelers, says GlobalData

Price is the most important factor to 47%* of consumers when selecting accommodation, according to a poll by GlobalData. The data and analytics company notes that, with less budget for travel but a strong desire to escape, many will turn to budget providers to satisfy their travel cravings.
Tags: Travel, GlobalData


Longer Trips Look Set To Boom Post-COVID-19, Says GlobalData

Longer trips of more than ten nights are increasingly in demand post-COVID-19, according to a poll by GlobalData. The leading data and analytics company notes that, with accidental savers on the rise and working from home making longer trips a possibility, lengthier holidays look set to boom post-pandemic.
Tags: Travel, GlobalData


Marketing Push Will Help Australian Domestic Tourism Reach Record Highs By 2025, According To A GlobalData

Strongly supported by Tourism Australia’s domestic campaign, leading data and analytics company GlobalData forecasts a record number of domestic trips in the country by 2025: double that seen in 2020 and representing a 14% growth on pre-pandemic levels. Broadcasting the phrase ‘holiday here, this year’ over social media channels, radio and outdoor advertising has paid off, and, although the country will not see pre-pandemic levels for inbound trips until 2024, the increase in domestic tou...
Tags: Travel, Australia, GlobalData


Four Seasons Ramps Up Hiring In 2021 As It Reopens Several Of Its Hotels, Finds GlobalData

Four Seasons and Hotels has been ramping up hires in 2021, with new job postings doubling from 431 in February 2021 to 889 in March 2021. The Canada-based company is hiring several senior-level personnel and support staff across its 119 hotels and 44 private residences, finds GlobalData, a leading data and analytics company.
Tags: Travel, Canada, GlobalData


Travelers Prefer Booking Directly With Providers Amid Uncertainty, According To A GlobalData Poll

A recent GlobalData poll has revealed a shift in consumer preference towards booking holidays directly, instead of going through an online travel agency (OTA). A total 39%* of respondents said they would typically book directly, followed by 17% that opted for OTAs and price comparison sites. The leading data and analytics company notes that this shift is no surprise, given the flexible cancellation and straightforward refund policies offered by direct booking.
Tags: Travel, GlobalData


Consolidation In Business Travel Could Become A Necessity Amid A 63% Fall Of Trips In 2020, Says GlobalData

The COVID-19 pandemic has had a devastating effect on the business travel industry. The international sector was by far the worst affected, facing a 75% drop in total trips. Domestic business tourism also suffered, dropping by 56% (63% decrease overall in 2020). As a result, the global business travel industry has lost billions in client revenue, creating an overcrowded marketplace among business travel agencies. To survive the pandemic, some firms will need to consider mergers and acquis...
Tags: Travel, GlobalData


Twitter Influencers see ‘United Airlines’ decision to buy supersonic planes a leap towards sustainable and faster aviation, finds GlobalData

United Airlines Inc. (United Airlines) has entered into an agreement with Boom Supersonic to buy its first supersonic commercial jet ‘Overture’. United Airlines is the first American airline company to go for commercial supersonic jet, which will be based on sustainable air-fuel and will be operational by 2029. Against this backdrop, the company witnessed more than 200% jump in influencer conversations in Twitter during the first week of June 2021 over the previous week, according to Glob...
Tags: Travel, United Airlines, GlobalData, United Airlines Inc United Airlines


Slower Travel Methods Could Be The Next Big Tourism Trend As Sustainability Features More Heavily In Consumer Decisions, Says GlobalData

Pent-up demand for immersive travel experiences with no set time limit could help ‘slow travel’ become the next big tourism trend. With tourists opting for longer stays due to many being able to work remotely, and sustainability featuring more heavily in travel decisions, it is clear that slow travel could be a global phenomenon in the next few years, says GlobalData, a leading data and analytics company.
Tags: Travel, GlobalData


QOTD: Has the Global Vehicle Market Recovered?

Is the global vehicle market in recovery following the 2020 downturn? Data analysts GlobalData seem to think the market is firmly in recovery mode, according to their latest report. Calum MacRae, GlobalData automotive analyst said, “April across all markets shows an 83.4 percent increase, not unexpected with COVID-19’s impact on sales.” “Seasonally adjusted, the annualized […] The post QOTD: Has the Global Vehicle Market Recovered? appeared first on The Truth About Cars.
Tags: Europe, Technology, Media, Government, Global, Production, Industry, Used Cars, Emerging Markets, Autos, Export, Behind The Scenes, Sales And Marketing, Suppliers, GlobalData, Customer Relations


COVID-19 second wave hinders economic recovery of Indian cities, says GlobalData

Economic activities in major Indian cities have been severely affected with the second wave of COVID-19 pandemic, which led to full or partial lockdowns across the country. Against this backdrop, the combined real GDP growth of nine major Indian cities has been revised downward to 9.28% in May 2021 from the earlier projection of 9.61% in January 2021, reveals GlobalData, a leading data and analytics company.
Tags: Travel, GlobalData, COVID


Travel Apps Will Play Key Role In Tourism Recovery, Says GlobalData

The desire for a ‘seamless’ travel experience will have heightened during COVID-19 with travelers searching for an easy-to-use platform, where they can be inspired and informed of where they can travel safely. COVID-19 has increased the race to deploy contactless processes, digital health passes and safely store customer data. Therefore, companies should be looking to re-model travel apps to more effectively service and manage the post-pandemic traveler, says GlobalData, a leading data an...
Tags: Travel, GlobalData


Mexico’s Outbound Tourism Fell 73% In 2020, According To GlobalData

The COVID-19 pandemic has had a devastating effect on Mexican outbound travel, with the number of trips falling by 73%. This figure is the second-highest fall in the Americas, after Peru (76%). Despite commercial flights operating throughout the year at a limited capacity, many countries were reluctant to open their borders amid Mexico’s high COVID-19 infection and death rate. Ultimately, this has led to a devastating drop in outbound travel which will not recover until 2024, according to...
Tags: Travel, Mexico, Americas, Peru, GlobalData


Shangri-La Steps Up Hiring In Line With Expansion Plans In Asia And Middle East, Finds GlobalData

Shangri-La International Hotel Management Ltd.’s (Shangri-La) increased hiring activity since March 2021 reflects the company’s expansion plans across Asia and Middle East. The company is enhancing hotels’ performance by identifying new growth opportunities. Hiring increased with over 650 jobs posted in March and April 2021 alone, of which around 20% jobs were for pre-opening teams, finds GlobalData, a leading data and analytics company.
Tags: Travel, Asia, Middle East, GlobalData, Shangri La International Hotel Management Ltd


Why secondhand-clothes giant ThredUp, dubbed the 'Amazon of resale,' has a key advantage over rivals Poshmark and Depop, according to a leading expert

ThredUp. AP Photo/Matt York Demand for secondhand clothing is booming - but less people are selling their used items. One expert says ThredUp, dubbed the "Amazon" of resale, has an advantage on rivals Depop and Poshmark. ThredUp's easy selling process and partnerships with retailers could help get more sellers on its site, analyst Neil Saunders said. See more stories on Insider's business page. The secondhand clothes market is booming, but as demand soars, fewer people are listing ...
Tags: Amazon, US, Trends, Retail, Saunders, Madewell, GlobalData, Poshmark, Neil Saunders, Thredup, Resale, Depop, Matt York, Mary Hanbury


High Cost Of PCR Tests Will Continue To Negatively Impact International Travel Recovery, Says GlobalData

Vaccination rollouts have been pinpointed as a catalyst for the recovery of travel, but the pricing of PCR tests is also a critical factor and risks holding back recovery in the long-term, says GlobalData, a leading data and analytics company.
Tags: Travel, GlobalData


Fast-fashion giant Boohoo unscathed by COVID-19 crisis and modern slavery allegations as sales surge in 2020, analysts say

Fast-fashion giant Boohoo released its annual results. Boohoo Fast-fashion giant Boohoo Plc reported its annual results for fiscal 2021 on Wednesday. Sales were up 41% during the 12 month period ending in February 2021 versus the year before. Analysts say the company has emerged "unscathed" from the pandemic and modern slavery allegations. See more stories on Insider's business page. 2020 could have been a disastrous year for fast-fashion giant Boohoo. Not only did it have a global pan...
Tags: UK, Trends, Sunday Times, Boohoo, Salter, GlobalData, Carol Kane, Mahmud Kamani, Mary Hanbury, Boohoo Plc, Emily Salter, PrettyLittleThing Nasty Gal and Coast


Vaccine Skepticism Should Not Be Ignored In US Outbound Travel Recovery, Says GlobalData

Vaccine skepticism coupled with COVID-19 concerns will continue to affect US outbound travel recovery in 2021 and potentially 2022, says GlobalData, a leading data and analytics company.
Tags: Travel, US, GlobalData, COVID, Outbound Travel Recovery Says GlobalData


Loyalty Programs And Increased Collaboration Will Be Key Features Of Post-Pandemic Travel, Says GlobalData

Price-conscious travelers may be lured by the reboot of loyalty programs across the tourism sector. Various travel companies are now repositioning loyalty programs as value-orientated, rather than solely price focused in post-pandemic travel as they seek to tap into individuals' desires for budget experiences, says GlobalData, a leading data and analytics company.
Tags: Travel, GlobalData


Demand For Long-Haul Travel Is Greater Than Expected, According To GlobalData

Despite travel restrictions caused by COVID-19, it appears that consumer confidence has not been deterred too drastically, as a recent survey by GlobalData, a leading data and analytics company, revealed that 36% of respondents stated that they would consider an international trip to a different continent in the next 12 months, which is eight percent more than the percentage of respondents that stated they would consider an international trip to a country within the continent in which the...
Tags: Travel, GlobalData, COVID


Anticipated Boom In Summer Holiday Bookings Dampened By Uncertainty Over Travel Restrictions, Says GlobalData

European operators were banking on summer 2021 providing an opportunity to start generating some much-needed income. However, many travelers have remained hesitant and the anticipated boom in travel may not occur to the desired extent. With uncertainty over what travel restrictions will be in place, many travelers remain reluctant to book, says GlobalData, a leading data and analytics company.
Tags: Travel, GlobalData


JPMorgan's Q1 earnings smash estimates amid big beats in stock-trading and investment-banking revenue

Getty Images JPMorgan turned in a strong first-quarter earnings report on Wednesday that saw both stock- and bond-trading revenues beat expectations.Investment banking revenue also came in higher than forecast.The bank released $5.2 billion in credit reserves, contrasting with its $6.8 billion addition a year ago.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.JPMorgan, the top US bank by assets, reported first-quarter earnings on Wednesday, beating consensus estim...
Tags: New York, Finance, US, Trends, Markets, Bloomberg, Earnings, Quantitative Easing, Jamie Dimon, Jpmorgan, JPMorgan Chase, GlobalData, Dimon, Shalini Nagarajan, JPMorgan stock, Earnings 2021


Food Wastage Requires Greater Attention In Travel And Tourism Post-Pandemic, Says GlobalData

Just over half of global respondents to a survey by GlobalData have stated that reducing or recycling food waste is a priority to them because of the COVID-19 pandemic. This increase in awareness around food wastage will increase pressure on companies operating in the travel and tourism sector.
Tags: Travel, GlobalData


Copper is 'the new oil' and could reach $15,000 by 2025 as the world transitions to clean energy, Goldman Sachs says

A worker inspects batches of processed copper at Mutanda Mining Sarl, Democratic Republic of the Congo Per-Anders Pettersson/Getty Images Europe Copper has a crucial role in replacing oil with sustainable energy and achieving the goals of the Paris Agreement. By 2025, the metal could be priced at $15,000 per ton, a rise of 66%. Demand for copper will surge, but the market is facing a supply crunch. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Copper will be c...
Tags: China, Global, US, Trends, Chile, Peru, Goldman Sachs, Biden, Goldman, London Metal Exchange, Copper, GlobalData, Nymex, Jeff Currie, Sophie Kiderlin, Anders Pettersson Getty Images Europe Copper


Despite Surge In COVID-19 Cases, Thailand Can Go Ahead With Phuket Pilot To Revive Tourism, Says GlobalData

Following the news that Thailand reported 967 new COVID-19 cases on 11 April 2021;
Tags: Travel, Thailand, GlobalData


Smart Cities Are The Next Step For Urban Tourism Post-Pandemic, Says GlobalData

Aiding the visitor experience, mitigating the effects of overtourism and leading to more sustainable management, smart cities are the way forward in post-pandemic travel. Digital 'vaccine passports' continue to create headlines worldwide and are meant to ensure the safe recovery of international travel post-pandemic. This concept paves the way for a closer relationship between technology and travel in the near future and smart cities will undoubtedly play a key role, says GlobalData, a le...
Tags: Travel, GlobalData, Urban Tourism Post Pandemic Says GlobalData


Australia-New Zealand Travel Bubble Marks New Stage In Tourism Recovery, Says GlobalData

Following the announcement that Australian and New Zealand residents will be able to travel between the two countries with no quarantine restrictions from the 19 April 2021 onwards;
Tags: Travel, New Zealand, Australia New Zealand, GlobalData


Tourism Sector To See Skill Shortage Amid Returning Demand, Says GlobalData

With a swift vaccination program underway, demand for international tourism has surged in the UK. Travel companies are preparing to tackle this pent-up demand by hiring - in fact, the number of posted job advertisements within the sector increased by approximately 38% in Q1 2021, according to the Job Analytics tool by GlobalData. However, to cope with this 'new normal' and ever-changing layers of complexity within the sector, there is an urgent need for experienced, skilled travel profess...
Tags: Travel, UK, GlobalData, Job Analytics


Execs from Snapchat, Verizon, and other top firms explain how 5G could supercharge their industries

Verizon, AT&T, and T-Mobile all offer 5G coverage across the US. xijian/Getty Images The rollout of 5G will affect a broad range of industries, including healthcare, AR, and retail. Execs from Snapchat, Verizon, and other top firms spoke to Insider about 5G's potential effects. They shared their predictions for how the technology will positively impact their companies. See more stories on Insider's business page. Even though it is still in the early stages, much attention has been...
Tags: Verizon, New York, US, Trends, Ap, Snapchat, Pwc, 5g, Lens, Mec, Saunders, GlobalData, Eric Burton, Neel, Neil Saunders, Oliver Kharraz


Report: Apple’s been snapping up AI firms to improve Siri

Apple’s been on a shopping spree in a bid to make Siri smarter, according to a new report by GlobalData. The market research firm says the tech giant bought more AI companies than anyone else between 2016 and 2020. The second biggest AI acquirer was Irish consultancy Accenture. But the rest of the top five were all based in the US. Google grabbed the third spot on the list, followed by Microsoft and Facebook. [Read: How to use AI to better serve your customers] GlobalData found the four American...
Tags: Apple, Google, Startups, Facebook, Microsoft, US, Siri, Insider, GlobalData, Neural


Report: Apple’s been snapping up AI firms to make Siri smarter

Apple’s been on a shopping spree in a bid to make Siri smarter, according to a new report by GlobalData. The market research firm says the tech giant bought more AI companies than anyone else between 2016 and 2020. The second biggest AI acquirer was Irish consultancy Accenture. But the rest of the top five were all based in the US. Google grabbed the third spot on the list, followed by Microsoft and Facebook. [Read: How to use AI to better serve your customers] GlobalData found the four American...
Tags: Apple, Google, Startups, Facebook, Microsoft, US, Siri, Insider, GlobalData, Neural