GlobalData

Reports

AirAsia’s YouTube ad campaigns highlight affordability, culture and digital ease, reveals GlobalData

Kanchan Nath Feb 20, 2025

Capital A Bhd’s (AirAsia) YouTube advertising campaigns from November 2024 to January 2025 emphasize accessibility, affordability, and cultural connections to elevate the travel experience.

Airlines and Aviation

Qatar Airways YouTube ads showcase innovation, strategic partnerships, and enhanced passenger experiences: GlobalData

Kanchan Nath Feb 19, 2025

Qatar Airways’ YouTube advertising campaigns for the last six months (August 2024 to January 2025) focus on strategic collaborations, technological advancements, and enhancing passenger…

Reports

Singapore Airlines’ ad campaigns effectively show off KrisWorld entertainment platform

Marga Manlapig Feb 12, 2025

Data and analytics firm GlobalData reports that Singapore Airlines’ advertising campaigns between November 2024 and January 2025 effectively showcased its premium service offerings and…

Global

GlobalData reports 10 percent decrease in travel and tourism deal activity 

Marga Manlapig Nov 26, 2024

GlobalData released it's most recent report on global travel and tourism deal activity, noting a 10.4 percent year-on-year decrease in merger and acquisition activities.

Airlines and Aviation

Emirates highlights fleet modernization and customer experience upgrades

Kanchan Nath Nov 21, 2024

Emirates' third quarter (Q3) (01 July to 30 September) advertising campaign showcased a strong commitment to enhancing the customer experience through significant fleet modernization and…

Technology

AI and cybersecurity take center stage in Q2 2024 company filing: GlobalData

Kanchan Nath Aug 29, 2024

Global business sentiment witnessed a marginal improvement of 0.2% year-over-year (YoY) during the second quarter (Q2) of 2024.

Airlines and Aviation

Southwest Airlines new seating policy sparks debate: GlobalData

Kanchan Nath Jul 31, 2024

Southwest Airlines Co, which is known for unique open-seating arrangement since its inception, has recently introduced assigned seating and extra legroom options.

Mergers & Acquisitions

Travel and tourism sector deal activity down by 12.6% YoY in H1 2024: GlobalData

Kanchan Nath Jul 19, 2024

A total of 347 deals were announced in the tourism sector during the first half (H1) of 2024, which was a year-on-year (YoY) decline of 12.6%

Airlines and Aviation

Airbus outperforms Boeing in APAC commercial aircraft market: GlobalData

Kanchan Nath Apr 26, 2024

With a strong order book from airline operators and leasing companies based in India, China, and Singapore during 2020–2024, Airbus has fortified its position in the Asia-Pacific (APAC)…

Global

North America to dominate global SAF production capacity by 2030, says GlobalData

Kanchan Nath Nov 6, 2023

Globally, sustainable aviation fuel (SAF) is gaining importance as it is environmentally friendly and is relatively purer when compared to conventional jet fuel.

Features

TikTok needs to build trust and ensure data security to win in ecommerce space, says GlobalData

Kanchan Nath Jul 3, 2023

Short video app TikTok, owned by ByteDance, is set to compete with the likes of Amazon, Shein, Sea Group’s Shopee, and Alibaba’s Lazada, with its live streaming ecommerce business.

Reports

Travel and tourism industry deal activity plummets by 41% YoY in January-May 2023

Kanchan Nath Jun 23, 2023

The travel and tourism industry has witnessed a massive 41% year-on-year (YoY) decline in deal activity from 475 deals announced during January-May 2022 to 282* during the first five of…

Global

AutoGPT gains popularity as Twitter influencers predict revolution in AI, reveals GlobalData

Kanchan Nath Apr 24, 2023

AutoGPT has emerged as the top trend on Twitter since the second week of April 2023, reveals the Social Media Analytics Platform of GlobalData, a leading data and analytics company.

Tourism Boards

RAKTDA and FTI Group strike landmark agreement

Kanchan Nath Mar 24, 2023

Ras Al Khaimah Tourism Development Authority (RAKTDA) and the FTI GROUP one of  Europe’s leading outbound tour operators, have struck a new agreement that paves the way for the launch of…

Technology

Smart itineraries taking travel experience to next level – GlobalData

Kristin Mariano Jan 2, 2023

Innovation in the travel & tourism industry is on the rise, with many travel-assisted tools and services, including smart itineraries, popping up to enhance travellers' experience.…

Japan

Japan foodservice sector to benefit: GlobalData

Kanchan Nath Oct 12, 2022

The reopening of borders and a weakening yen are expected to make the country an attractive travel destination. Against this backdrop, the Japanese foodservice sector to benefit from a…

Tourism

Germans return to international travel

Kristin Mariano Sep 2, 2022

German holidaymakers are set to be back in full swing by 2024, according to GlobalData, which expects the country’s outbound travel to recover to 117.9 million tourists, surpassing…

Medical & Health Tourism

South Korea to remain fastest growing aesthetics market in APAC

Kristin Mariano Aug 31, 2022

South Korea is the fastest growing aesthetics market in Asia-Pacific (APAC) and is expected to retain its position in the future augmented by continuous innovation, growing demand for…

Tourism

UK outbound travel to surpass pre-pandemic levels by 2024

Kristin Mariano Aug 25, 2022

British holiday flyers are set to be back in full swing, with the country’s outbound travel figures reaching 86.9 million by 2024, surpassing the 84.7 million figure recorded in 2019…

Features

Ongoing economic, geopolitical crises make Sri Lanka tourism industry revival uphill task, says GlobalData

Kristin Mariano Aug 22, 2022

The travel and tourism sector is an important income generator for Sri Lanka. However, the ongoing economic crisis coupled with Ukraine–Russia war and China’s zero-COVID policy has put…

Cybersecurity revenue in tourism to top $2 billion in 2025

Megha Paul Jul 15, 2022

Cybersecurity will generate revenues of $2.1 billion in 2025 in the travel and tourism industry, up from $1.4 billion in 2021, forecasts GlobalData

Features

More than half of global tourists unconcerned about the spread of COVID-19

Kristin Mariano Jul 1, 2022

57% of respondents are “not concerned” or are “not very concerned” about the spread of COVID-19, suggesting that tourists are more prepared to live with COVID-19.

Tourism

Thailand has an opportunity to become a major destination for Russian travellers

Kristin Mariano Jun 13, 2022

The number of Russian tourists visiting Thailand is projected to significantly jump from 10,000 visits in 2021 to 435,000 in 2022, according to GlobalData. The leading data and analytics…

Luxury Travel

COVID-19 has spurred new consumer trends in luxury travel market

Kristin Mariano Jun 1, 2022

In the luxury travel market, there has been an influx of consumer travel trends as a result of the COVID-19 pandemic. This includes a boom in private aviation services at the high end of the…

Features

Luxury travel market to see new growth in 2022

Megha Paul May 30, 2022

With travellers determined to make up for lost time, 2022 could see an increase in holiday budgets for luxury travellers, with an uptick in demand for ‘once in a lifetime’ adventures

Features

Poland’s outbound tourism to recover to pre-pandemic levels by 2024

Megha Paul May 27, 2022

GlobalData’s latest report, ‘Poland Source Tourism Insight, 2022 Update’, reveals that outbound travel from Poland is projected to recover to pre-pandemic levels by 2024

Tourism

International travel to fully recover by 2025 – GlobalData

Kristin Mariano May 16, 2022

International departures will reach 68% of the pre-COVID-19 levels globally in 2022 and are expected to improve to 82% in 2023 and 97% in 2024, before making a full recovery by 2025 at 101%…

Tourism Boards

Tourism boards turn to their national cuisine to trump rivals

Kristin Mariano May 16, 2022

As the travel industry’s recovery starts to gather pace, many tourist boards are looking to differentiate themselves from rival destinations by focusing on their cuisine rather than…

Tourism

European travel market totters due to lack of Russian tourists

Kristin Mariano May 13, 2022

With the EU banning Russian aircraft from operating in its airspace due to Russia’s invasion of Ukraine, these nations are likely to receive very few Russian tourists this summer says…

Features

Subscription services poised to transform travel industry

Megha Paul May 4, 2022

Subscription services have disrupted almost every industry, but the customer-focused model remains relatively nascent in the travel industry

Mergers & Acquisitions

M&A deal value in China drops by 12%

Kristin Mariano May 4, 2022

The ongoing global geopolitical issues and volatile market conditions continue to pose downside risk to the mergers and acquisitions (M&A) deal activity in China.

Tourism

Outbound tourism from South Korea set to boom with COVID-19 travel restrictions easing up

Kristin Mariano May 3, 2022

Due to plummeting traveller confidence and stringent COVID-19 measures, outbound tourism from South Korea reduced to mere fractions of what they were in pre-pandemic times.

AR set to transform travel industry with enhanced experiences for travellers: GlobalData

Megha Paul Apr 19, 2022

Companies in the tourism sector are investing in emerging technologies such as augmented reality (AR) to improve traveller experience after the industry was severely impacted by the COVID-19…

Features

Turkey to benefit from rise in budget-conscious travellers: GlobalData

Megha Paul Apr 12, 2022

Research from GlobalData’s Traveler Spending Patterns database shows that in-destination spending is relatively low in Turkey, despite the average stay for inbound tourists (9.7 days) being…

Airports

Staff shortages at UK airports could prolong recovery

Kristin Mariano Apr 12, 2022

Manchester Airports Group has significantly increased the number of active jobs available on its career pages, with open positions increasing from 65 in December to 110 in February,…

Travel Agents

Spanish travellers want health and wellness holidays

Kristin Mariano Apr 4, 2022

According to GlobalData’s recently published report, ‘Source Market Insight: Spain (2022),’ the pandemic’s impact on mental health has spurred greater demand for health and wellness holidays…

Tourism

International arrivals to ASEAN to reach 142 million in 2024

Kristin Mariano Mar 30, 2022

Global arrivals to the Association of Southeast Asian Nations (ASEAN) are expected to grow from 136.9 million in 2019 to 142 million in 2024.

OTAs & Tour Operators

Target Millennial and Gen Z travellers with off-season travel options

Kristin Mariano Mar 28, 2022

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.

Mergers & Acquisitions

Deal activity in tourism sector down by 2% in February 2022: GlobalData

Megha Paul Mar 24, 2022

A total 96 deals— comprising mergers and acquisitions (M&A), private equity, and venture financing deals— were announced in the global travel and tourism sector in February 2022

Travel brands need to use this to directly engage with younger consumers

Kristin Mariano Mar 9, 2022

With social media proving to be the most cost-effective and impactful way of directly getting engaged with younger consumers, travel companies have begun to invest time and resources into…

Tourism

London’s tourism industry to see boost from GBP10 million campaign but COVID-19 challenges remain

Kristin Mariano Mar 4, 2022

London’s tourism sector will benefit from the planned multi-million-pound campaign to drive visitors to the city, says GlobalData.

46% of travel app venture financing deals involved ridesharing, rental, or hailing companies in 2021

Kristin Mariano Feb 25, 2022

Out of the 26 travel app venture financing deals in 2021, 46% of them involved ridesharing, rental, or hailing companies, according to GlobalData.

Tourism

Deal-making activity in travel sector down by 27% in January 2022: GlobalData

Megha Paul Feb 21, 2022

Total of 73 deals were announced in the global travel and tourism sector during January 2022, which is a decline of 27% over the 100 deals that were announced in December 2021,

Cruise

More cruise tourists book direct post pandemic

Kristin Mariano Feb 17, 2022

As a result of the COVID-19 pandemic, cruise bookings have shifted away from intermediaries with cruise tourists opting to book directly with the cruise line rather than through an Online…

Tourism

Generation Hashtag will be a key driver for niche tourism growth driven by experience economy

Kristin Mariano Feb 4, 2022

According to GlobalData’s recently published report, ‘Niche Tourism, 2022 Update – Thematic Research’, demand for niche tourism holidays and experiences is growing among Generation Hashtag…

Technology

Google represents ongoing threat to online travel agencies

Kristin Mariano Jan 17, 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.

Omicron to deter global economic recovery prospects in 2022

Kristin Mariano Jan 14, 2022

Despite visible green shoots in key macroeconomic indicators in the first half, the emergence of new COVID-19 variant Omicron and its fast spread has made the global economic recovery…

Deal activity in tourism up by 9.7% in November 2021

Megha Paul Dec 20, 2021

A total of 79 deals (mergers & acquisitions (M&A), private equity, and venture financing) were announced in the global travel and tourism sector during November, which is an increase…

Features

Another European ski season could be hanging in the balance

Kristin Mariano Nov 29, 2021

Demand for ski trips in Europe is expected to take a hit this year due to rising COVID-19 cases, according to GlobalData, which notes that these destinations could see reduced footfall as…

Slovenia could become adventure tourism capital of Europe: GlobalData

Megha Paul Nov 22, 2021

Slovenia is expected to see inbound tourism rise to 5.7 million arrivals by 2024, a 22% increase on pre-pandemic levels, according to GlobalData

UK air passenger duty cut provides boost for domestic aviation

Megha Paul Nov 15, 2021

UK-based domestic airlines will see the reduction in domestic air passenger duty (APD) as a vital boost to the aviation industry, says GlobalData

Indian travellers to be highly sought-after, says GlobalData

Megha Paul Nov 11, 2021

Indian tourists will be some of the most desirable travellers, given India’s growing economy, young population and rising middle class, according to GlobalData

Government support is vital for aviation to achieve carbon-neutral goals

Kristin Mariano Nov 9, 2021

Airlines and the wider aviation industry will struggle to meet ambitious carbon neutral targets alone. Governments must act by providing significant investment following COP26 to ensure…

European travelers to drive Gulf tourism recovery

Kristin Mariano Oct 15, 2021

European travellers are set to become a key source market for the Gulf region, especially Gulf Cooperation Council (GCC) countries, which will help their post-pandemic tourist industry…

TUI’s ‘workation’ packages meet growing trend combining travel and remote working

Kristin Mariano Oct 12, 2021

TUI is turning to alternative markets such as the growing trend for a combined travel and remote working experience as it launches a new ‘workation’ package.

Trips to visit friends and family to rise by 10M by 2024 as US relaxes UK travel restrictions

Megha Paul Oct 7, 2021

The announcement that US travel restrictions for vaccinated UK residents will be relaxed from early November will be met positively by people keen to reunite with family and friends

Tourism

Five most popular tourist activities in first half of 2021

Kristin Mariano Sep 27, 2021

Post-pandemic travel recovery has led people to head out to explore outdoors with various tourist activities, a way to address the individual mental health.

Deal-making activity in tourism sector declined by 17% during August 2021: GlobalData

Megha Paul Sep 22, 2021

A total of 57 deals comprising mergers and acquisitions (M&A), private equity and venture financing were announced in the global travel and tourism sector during August 2021, which is a…

Vaccine tourism – a double-edged sword?

Kristin Mariano Sep 13, 2021

Vaccine tourism, where tourist hotspots are now offering COVID-19 vaccinations on holiday to attract visitors, is a double-edged sword.

European airlines must prepare for a challenging winter season

Kristin Mariano Sep 7, 2021

European airlines are set to face a tough winter due to the ongoing pandemic and travel confidence likely remaining suppressed.

Tourism

Visiting friends and relatives will fuel travel’s recovery

Kristin Mariano Aug 17, 2021

A desire to reconnect with family and friends after a year of stringent lockdown measures due to COVID-19 is likely greater than a leisure getaway in 2021.

Features

Compulsory quarantine threatens UK’s status as most visited destination for US tourists

Megha Paul Jul 13, 2021

The UK’s status as the most visited destination for US tourists in Europe is threatened by the mandatory quarantine on arrival, says GlobalData

Tourism

Deal activity in the travel sector increased by 40% during June 2021

Megha Paul Jul 9, 2021

A total of 74 deals (comprising mergers and acquisitions, private equity, and venture financing deals) were announced in the global travel and tourism sector during June

Sports Tourism

Tokyo 2020 tourism legacy could create some positive impacts

Kristin Mariano Jul 2, 2021

Although some people are opposed to holding the Tokyo Olympics, the sporting event may have a positive impact on Japan’s tourism.

Hospitality

Budget hotels set to benefit from increase in price-sensitive travellers

Kristin Mariano Jun 25, 2021

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…

Features

Expect longer trips post-COVID-19

Kristin Mariano Jun 24, 2021

Longer trips of more than 10 nights are increasingly in demand post-COVID-19, according to a poll by GlobalData.

Tourism

“Holiday here, this year” fuels Australia’s domestic tourism

Kristin Mariano Jun 23, 2021

Strongly supported by Tourism Australia’s domestic campaign, GlobalData forecasts that domestic trips in the country will double by 2025, which is 14% growth on pre-pandemic levels.

Tourism

Why you should pay attention to South Korea’s outbound tourism

Kristin Mariano Jun 21, 2021

South Korea may become the third-largest source market out of the APAC region going forward, according to GlobalData.

Tourism

Travellers prefer booking directly and not via OTA: GlobalData

Megha Paul Jun 14, 2021

A recent GlobalData poll has revealed a shift in consumer preference towards booking holidays directly, instead of going through an online travel agency (OTA)

Tourism

‘Slow travel’ could be the next big tourism trend

Kristin Mariano Jun 2, 2021

Pent-up demand for immersive travel experiences with no set time limit could help ‘slow travel’ become the next big tourism trend.

Tourism

COVID-19 crisis hinders India’s economic recovery

Kristin Mariano May 27, 2021

Economic activities in major Indian cities have been severely affected by the second wave of the COVID-19 pandemic, which led to full or partial lockdowns across the country.

Vaccination Updates

Vaccine doubts will affect US travel recovery

Kristin Mariano May 3, 2021

Vaccine skepticism coupled with COVID-19 concerns will continue to affect US outbound travel recovery in 2021 and potentially 2022, says GlobalData.

Reopening updates

COVID-19 surge in Thailand casts shadow on tourism revival plans

Kristin Mariano Apr 16, 2021

The continued rise of COVID-19 cases casts a shadow on Thailand’s plans to revive its tourism industry.

Tourism

Intra-regional tourism crucial for post-COVID-19 ASEAN tourism revival

Kristin Mariano Mar 29, 2021

Due to an abundance of low-cost connectivity and an increased preference for travel closer to home, intra-regional tourism will play a key role in revitalizing the ASEAN countries’ tourism…

Tourism

How to attract more Chinese travellers post-COVID

Kristin Mariano Mar 10, 2021

One of the strategies seen by some tourist destinations is to attract Chinese travellers, which is one of the biggest movers and shakers in travel.

Reopening updates

Prolonged travel restrictions during February half-term spells trouble for Europe’s ski resorts

Megha Paul Feb 9, 2021

Prolonged travel restrictions could be the final nail in the coffin for resort operators in some European ski resorts as they depend solely on the winter season to survive

Tourism

Rural domestic trips drives travel recovery

Kristin Mariano Jan 19, 2021

Domestic trips in rural locations are driving leisure demand recovery.

Technology

APAC VCs put money in early-stage funding rounds

Kristin Mariano Jan 15, 2021

Early-stage funding rounds (comprising Seed and Series A funding rounds) dominated the venture capital (VC) funding landscape during the fourth quarter (Q4) of 2020 in the Asia-Pacific…

Technology

This can boost travel confidence as it hits two birds with one stone

Kristin Mariano Jan 13, 2021

Amidst COVID-19, several stakeholders of the travel and tourism industry are exploring the option of digital passes and health certificates.

China emerges as top theme in travel sector as recovery beckons

Megha Paul Dec 18, 2020

With lockdowns and shutdowns back across several countries to contain the possible second or third wave of COVID-19, China’s domestic travel rebound has fuelled discussions in the travel and…

Tourism

APAC travel recovery may take time – GlobalData

Kristin Mariano Nov 5, 2020

Even though some Asian countries have established travel bubbles and green lanes with other countries, the overall recovery of the travel industry may need some time, according to…

Technology

Thailand reopening will increase card payments in country

Kristin Mariano Oct 23, 2020

According to GlobalData’s Payment Cards Analytics, card payments in Thailand is estimated to grow by 2.3% in 2020.

‘Contactless’ is what influencers are talking about in hospitality

Kristin Mariano Oct 16, 2020

Contactless technology solutions are gaining traction in the hospitality industry, as they reduce the potential risk of contracting COVID-19 through physical touchpoints.

Technology

5 contactless technologies gaining traction in travel and tourism industry

Kristin Mariano Sep 18, 2020

Against the COVID-19 backdrop, contactless technologies are proving to be a game changer for the industry.

Tourism

Overtourism still an issue in Europe as domestic travel on the rise: GlobalData

Megha Paul Aug 28, 2020

The surge in domestic tourism following COVID-19 has not curtailed as holidaymakers turn to staycations over international travel leading to threat of overtourism

Tourism and leisure industry witness 53% decline in deal activity in Europe

Megha Paul Aug 12, 2020

Europe’s tourism and leisure industry has witnessed a sharp drop of 53.1% in overall deal activity during the second quarter of this year, according to GlobalData

North American deal making drops by more than half

Alastair Newport Aug 7, 2020

Data analysts GlobalData has published new findings that show North America’s tourism & leisure industry has witnessed a dramatic drop of 52% in deal activity, compared with the same…

OTAs & Tour Operators

Booking Holdings job cuts indicate ongoing impacts of COVID-19 in travel

Kristin Mariano Aug 5, 2020

Online travel company Booking.com has announced on Tuesday that it will reduce its global workforce by 25%, which shows that the virus is not done wreaking havoc in travel.

Tourism

The state of Australia’s tourism sector

Kristin Mariano Jul 29, 2020

Australia’s tourism sector has predominantly high contribution of more than 10% to the Australian economy making the country as the fourth largest contributor in the sector of Asia-Pacific…

MICE travel may never fully recover from COVID-19

Megha Paul Jul 28, 2020

According to recent data, MICE tourism was one of the first to be impacted by global spread of COVID-19 and it could be one of the last to fully return

Post COVID-19, third of US consumers will reduce frequency of travel in ‘new normal’

Megha Paul Jul 23, 2020

New survey reveals alarming consumer preferences for domestic tourism and hospitality industries in the US

COVID-19 pushes airlines to be more convenient and creative

Kristin Mariano Jul 20, 2020

COVID-19 has caused a lot of anxiety and upends the travel industry. Now that we see countries reopening to international travellers, airlines are looking for creative ways to instil…

Travel intermediaries need to increase transparency to restore consumer confidence, says GlobalData

Megha Paul Jun 11, 2020

Transparency will be the key to provide service to the future tourists. During this COVID-19 pandemic, many aspects of future travels have been labelled as ‘uncertain’. Intermediaries…

Features

Domestic tourism could save COVID-19-stricken destinations

Kristin Mariano May 11, 2020

Destinations in which lockdowns are being lifted should now be promoting domestic tourism. This is because international tourism is not currently possible, and tourists will want to travel…

Tourism

Australia to experience increase in domestic tourism

Kristin Mariano Apr 21, 2020

Australia’s Minister for Trade’s warning that borders may stay closed until 2021 is expected to boost domestic tourism in the short term, according to data company GlobalData.

Tourism

US tourism & leisure industry down by 18.9% in February 2020 – GlobalData

Kristin Mariano Apr 7, 2020

The US tourism & leisure industry saw a drop of 18.9% in overall deal activity during February 2020, when compared with the last 12-month average, according to GlobalData’s deals…

British Airways furlough sad but necessary step, says GlobalData

Megha Paul Apr 6, 2020

Following the news that 36,000 British Airways (BA) staff are expected to be furloughed as a result of the coronavirus (COVID-19), GlobalData said it is an important step. Nick Wyatt,…

Government intervention needed to stop airlines going out of business, says GlobalData

Megha Paul Mar 19, 2020

Travel restrictions are being deployed as a key weapon in the war against the coronavirus (COVID-19). Much publicised bans and restrictions have decimated the airline industry, forcing…

Health and wellness tourism trips to Asia to reach 128.3 million by 2022: GlobalData

Megha Paul Feb 21, 2020

The health and wellness tourism trips to Asia are forecast to reach 128.3 million by 2022 that will help Asia to become the world’s fastest tourism market, says GlobalData. According…

ASEAN destinations will benefit from growing connectivity with Europe, says GlobalData

Megha Paul Feb 10, 2020

GlobalData’s latest report, ‘Tourism Destination Market Insights: Association of South East Asian Nations – ASEAN’, found that Russia, France, Germany and the UK are some of the fastest…

Asiana Airlines gets a breather

Megha Paul Dec 30, 2019

The news that a consortium formed between South Korea-based construction company Hyundai Development Co (HDC) and Mirae Asset Daewoo has agreed to acquire controlling stake in…

Indian tourist inflow to UAE set to reach 3.3 million

Megha Paul Oct 7, 2019

The number of international travellers from India to the UAE is set to grow from 2.6 million this year to 3.3 million in 2023, increasing at a compound annual growth rate (CAGR) of 6.1%,…

Tourism

Europe’s UK visitors to rise in 2023, despite Brexit

Tian Tolentino Jul 4, 2019

UK departures to Europe are set to grow at a compound annual growth rate (CAGR) of 2.88% from 55.9 million in 2018 to 64.4 million in 2023, according to GlobalData, a data and analytics…