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Passenger Demand Moderates in February

The International Air Transport Association (IATA) announced global passenger traffic results for February 2019 showing total revenue passenger kilometers (RPKs) rose 5.3%, compared to February 2018. … Continue Reading

Outbound expenditure of Chinese travellers set to reach US$375bn by 2022, says GlobalData

Outbound expenditure of Chinese travellers is set to increase from US$244bn in 2018 to US$375bn by 2022, at an impressive compound annual growth rate (CAGR) of 11.3% according to GlobalData, a leading data and analytics company. … Continue Reading

Italy will contribute 35% of Europe’s new-build underground gas storage capacity in 2023, says GlobalData

Italy is expected to add around 249 billion cubic feet (bcf) of underground gas storage capacity between 2019 and 2023, from 14 planned and announced underground gas storage sites, according to GlobalData a leading data and analytics company. … Continue Reading

UK holidaymakers turn away from EU in Brexit limbo

Summer season bookings from the UK to European Union countries are lagging 4.6% on last year as Britain prepares for its first post-Brexit holidays, according to latest findings from ForwardKeys which predicts future travel patterns by analysing 17 million booking transactions a day. … Continue Reading

Fashion spend in town centres to slump 13.8% by 2023, says GlobalData

Major retailers including Marks & Spencer, Debenhams, New Look, and now potentially Arcadia, are closing a significant number of stores over the next three to five years, and town centres will be the hardest hit locations with clothing & footwear spend forecast to decline by 13.8% (£2.4bn) between 2018 and 2023, according to GlobalData, a leading data and analytics company. … Continue Reading

Outbound traveller departures from Italy set to increase to 36.2 million in 2022, says GlobalData

The number of outbound travellers departing from Italy is set to increase at a compound annual growth rate (CAGR) of 2.6% from 32.6 million travellers in 2018 to 36.2 million in 2022, according to GlobalData, a leading data and analytics company. … Continue Reading

Only 5% of UK millennial investors are using robo-advice services as human expertise is till preferred over AI technology, says GlobalData

Technology is a relatively new addition within the wealth management industry, from robo-advisors to AI-enabled chatbots. However, the need for human financial advice will not be pushed to the side any time soon, says GlobalData, a leading data and analytics company. … Continue Reading

Travel Agency Air Ticket Sales Total $8.3 Billion in February 2019

Airlines Reporting Corp. (ARC) announced today that the consolidated dollar value of airline tickets sold in February 2019 by U.S.-based travel agencies increased 2.8 percent as compared to February 2018, totaling nearly $8.3 billion vs. $8.1 billion.* The average U.S. round-trip ticket price was $486, the same price as February 2018. … Continue Reading

84% of parents allow under 12s to take part in potentially risky activities when travelling

Forget helicopter parenting. Concerning new data reveals that 84 per cent of Aussie parents would allow their kids – even toddlers – to partake in a range of activities when travelling, which are potentially risky, or might be considered too much for them to endure. … Continue Reading

Millennials are increasingly using ‘WeChat’ and ‘WhatsApp’ to discuss their investments with wealth managers, says GlobalData

Almost 40% of millennials in Asia-Pacific were contacting their wealth managers via a chat application in Q2 2018, a 10 percentage point increase since 2017, says GlobalData, a leading data and analytics company.  … Continue Reading

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