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.
European Travel Commission (ETC) is calling on EU governments to better coordinate their COVID-19 recovery efforts by adopting a harmonised approach to lifting or reinstalling restrictions and safety measures, as tourism confidence plummets to a record low across the continent.
Elite and young independent travellers are crucial to the recovery of the travel sector as they are likely to be the first tourists to embark on international travel, however according to a survey by GlobalData, a leading data and analytics company, 35 percent of Gen Z and 48 percent of Gen Y are still extremely concerned about COVID-19. This servey was conducted between May 25 – 31, of this year.
Generation Z (Gen Z) travellers believe that tourism benefits local communities, while also being aware of the personal benefits of travel, such as understanding other cultures and building life experiences and self-confidence.
The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) recently announced the launch of a safe and clean certification programme – a first of its kind in the region, and one which seeks to uplift and standardise the cleanliness and hygiene levels across all businesses and organisations in the tourism sector.