The number of deals announced in the global travel and tourism sector declined by 31,3 percent during the week ended May 31, of this year compared to the previous week, according to GlobalData’s deals database.
Recovery and resilience were the central themes as the members of the World Tourism Organization’s Regional Commission for Africa (CAF) who recently met for the 63rd time.
The number of deals announced in the global travel and tourism sector declined by 38,5 percent during the week ended May 24, of this year compared to the previous week, according to GlobalData’s deals database.
Total tourism and leisure industry deals for April of this year worth USD4,86 billion were announced globally, according to GlobalData’s deals database.
COVID-19 has placed the whole world on lockdown, with new research from the World Tourism Organization (UNWTO) showing that 100 percent of global destinations continue to have restrictions on travel in place, and 72 percent have completely closed their borders to international tourism.
The COVID-19 pandemic has caused a 22 percent fall in international tourist arrivals during the first quarter (Q1) of this year, the latest data from the World Tourism Organization (UNWTO) shows.
Consumer uncertainty is one of the greatest barriers facing the travel industry, and despite cases of COVID-19 stabilizing across South Africa, 70 percent of South African respondents in a recent survey by GlobalData, a leading data and analytics company, say they are still extremely concerned about the impact of COVID-19 - in comparison to the one percent that declared they are not concerned.
The US tourism and leisure industry saw a drop of 18,9 percent in overall deal activity during February, when compared with the last 12-month average, according to GlobalData’s deals database.