It has clear that COVID-19 is not the only obstacle for future profitability for travel operators, according to GlobalData, a leading data and analytics company.
DBRS Morningstar released a commentary looking at the exposure of the euro area countries to the coronavirus disease (COVID-19) related tourism downturn.
The travel and tourism (T&T) sector witnessed an uptick in the third quarter (Q3) of this year’s earnings transcript sentiment scores, according to GlobalData, a leading data and analytics company.
The World Travel & Tourism Council (WTTC) has unveiled the latest set of measures designed to rebuild global consumer confidence, reduce risk and encourage the return of Safe Travels.
Saudi Summer, the Kingdom’s largest ever domestic leisure tourism campaign, launched by the Saudi Tourism Authority (STA), has published visitor and spending statistics for the first half of the campaign, revealing a highly successful first phase.
The number of deals announced in the global travel and tourism sector remained at a similar level in July compared to the previous month. Deal volume increased marginally by 0,9 percent from 109 in June of this year to 110 in July, according to GlobalData’s deals database.
On the basis of the results of the Cyprus Passenger Survey carried out by the statistical service, revenue from tourism in June of this year reached EUR6,7 million compared to EUR350,4 million in the corresponding month of the previous year, recording a decrease of 98,1 percent.