Outbound Tourism Spending Habits in the Top 10 Expenditure Markets - 2021
Summary
GlobalData's Expenditure Markets in Focus report provides in-depth analysis of the top 10 spending outbound markets globally. Here, detailed commentary and analysis is provided for outbound spending in the US, China, Spain, France, Australia, Germany, Belgium, Canada, the UK and the Netherlands.
Key Highlights
- Though the country was the worst hit by the coronavirus pandemic in terms of both number of cases and deaths, the US managed to be on top in terms of outbound expenditure.
- Various inter-country events, pacts, and agreements recently signed are likely to help revive the hard-hit outbound tourism sector of member countries. The Greece-China Year of Culture and Tourism 2021-2022 event, launched in ......
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Tourism Destination Market Insight - North Africa
Summary
Analysis of destination markets, infrastructure and attractions, as well as risks and opportunities in North Africa. This report explores the types of travelers that visit the country as well as a SWOT analysis.
Key Highlights
- North Africa's destination has had a turbulent time over recent years, with inbound tourist figures rising and falling in response to political events and acts of terrorism. After experiencing a few years of recovery, the Coronavirus had a devastating impact on tourism resulting in inbound trips falling by 78% and domestic tourism falling by 61% in 2020. Historically, Morocco, Tunisia and Egypt have received a significant amount of investment in tourism infrastructure. However, Algeria is emerging as a p......
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Key Trends in Online Travel, 2021 Update - Analysing Key Market Trends, Opportunities, Challenges and Disruptor Technologies
Summary
This key trends reports focuses on the global car rental industry. This report will provide comprehensive data insights on and analysis of key market trends, disruptors in the sector and some of the strategies developed by leading and disruptive companies during the COVID-19 pandemic.
Key Highlights
- Globally, travelers are increasingly online and more mobile savvy than ever before. In tandem, online travel intermediaries' (OTAs, tour operators and other providers) market value experienced rapid growth prior to the COVID-19 pandemic (CAGR 2016-19: 7.6%). In 2019, global market value reached $592.3 billion, a 2.3% increase from the previous year.
- Compa......
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Tourism Destination Market Insight - Turkey (2021)
Summary
Analysis of destination markets, infrastructure, and attractions, as well as risks and opportunities in Turkey. This report explores the types of travelers that visit the country as well as a SWOT analysis.
Key Highlights
- Russia (driven by seaside tourism) and Germany (driven by VFR) are the two largest source markets for this destination.
- Pre-COVID-19 travel restrictions and after the 2016 crisis, inbound travel to Turkey was growing rapidly and was on its way to reach a high of 44.5 million international visits by 2019, (CAGR 2016-19: 21.6%).
- Pre-COVID-19, total inbound spend reached a high of $34.3 billion following an intermittent growth (CAGR 2016-19: 16.8%). However, in 2020, Turkey faced a staggering fall in the to......
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Tourism Source Market Insight - India (2021)
Summary
GlobalData's Tourism Source Market Insight - India (2021) report provides a thorough insight into India's domestic, intra-regional and long-haul travel habits. The report looks at the profiles of Indian tourists and summarizes the key reasons why they travel. The report offers an in-depth analysis of traveler flows, spending patterns, main destination markets and current and future opportunities for tourism businesses seeking to tap into the Indian source market. It also assesses the impact of the COVID-19 pandemic on Indian tourism.
Over recent years India has become one of the most important and sought-after source markets in the world. Like many other countries in the APAC region, both domestic and outbound tourism has grown substa......
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Global Low Cost Airlines Market to 2025 - Market Snapshot, Key Trends and Insights, Company Profiles and Future Outlook
Summary
GlobalData's Low Cost Airline Market report provides in-depth analysis of the key market trends that are shaping the future of this segment and an analysis of the low cost airline market globally. Detailed market insight is provided on the Americas, Asia-Pacific, Middle East & Africa, and Europe. It also features profiles of some of the segment's leading players and looks at how companies can better meet their customers' needs.
Scope
- Though the US was the worst affected country by the coronavirus pandemic, the LCC market in the country managed to be number 1 in terms of seats sold in 2020, with 115.5 million seats sold. Spain and the UK held the second and t......
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Gulf Cooperation Council (GCC) Tourism Destination Market Insight, 2021 Update - Analysis of Source Markets, Infrastructure and Attractions, and Risks and Opportunities
Summary
Analysis of destination markets, infrastructure and attractions, as well as risks and opportunities in Gulf Cooperation Council (GCC) countries. This report explores the types of travelers that visit the country as well as a SWOT analysis.
Key Highlights
- Across the GCC members, in 2020 total international arrivals fell by -69.5% YoY highlighting the tough measures adopted to prevent the spread of the virus. Saudi Arabia experienced the largest YoY decline of -73.7%.
- Intra-GCC arrivals are significant and unsurprising given the ease of connectivity between the countries. For all six countries combined, 22.7% ......
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Global Full Service Airlines Market to 2025 - Market Snapshot, Key Trends and Insights, Company Profiles and Future Outlook
Summary
GlobalData's Full Service Airlines market report provides in-depth analysis of the key market trends that are shaping the future of this segment and an analysis of the full service airline market globally. Detailed market insight is provided on the Americas, Asia-Pacific, Middle East & Africa, and Europe. It also features profiles of some of the segment's leading players and looks at how companies can better meet their customers' needs. It also assesses the impact of COVID-19 on the industry.
Scope
- China ranked no.1 in the list of the top FSC markets in terms of seats sold while the US, which held the position in 2019, ranked second.
- From providing fin......
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Global Budget Hotels Market to 2025 - Market Snapshot, Key Trends and Insights, Company Profiles and Future Outlook
Summary
GlobalData's Budget Hotels Market report provides in-depth analysis of the key market trends that are shaping the future of this segment and an analysis of the budget accommodation market globally. Detailed market insight is provided on the Americas, Asia-Pacific, Middle East & Africa, and Europe. It also features profiles of some of the market's leading players and looks at how companies can better meet their customers' needs.
Scope
- Despite being hit hard by a global pandemic that led to significant losses, the US maintained its position as the top budget hotel market globally in terms of total revenue.
- The growing popularity of social media among millennials......
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Key Trends in Lodging, 2021 Update - Analysing Key Market Trends, Opportunities, Challenges, Lodging Categories and Projects
Summary
As the pandemic has started to ease in some parts of the world, 2021 brings some cautious optimism to sector with passenger flows gradually increasing and businesses starting to see light at the end of the tunnel. Changing consumer behavior has led to lodging companies developing innovative strategies in operations, product, marketing, and analysis, forming new trends in the industry.
The COVID-19 pandemic has had a significant effect on the lodging industry, with global occupancy rates falling by 47%, making it the worst year for the industry on record. In 2020, estimates show the global lodging industry lost US$717 billion in overall revenue (67% fall), ......
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