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eRevMax witnesses surge in demand for summer travel in Norway and healthy recovery for UK hotels

The current pandemic has emerged as the biggest challenge for the global hotel industry. Even as recovery begins, it is slow in most regions and varies drastically between countries. … Continue Reading

Booking Holdings job cuts show continued struggles of travel operators, says GlobalData

Following the news that Booking Holdings is to cut up to 25% of its employees, around 4,000 in total due to the ongoing impacts of COVID-19, … Continue Reading

Global tourism & leisure industry venture financing deals total $1.09bn in Q2 2020

Total tourism & leisure industry venture financing deals in Q2 2020 worth $1.09bn were announced globally, according to GlobalData’s deals database. … Continue Reading

China dominates APAC VC funding landscape Q2 2020, reveals GlobalData

China continued to top the venture capital (VC) funding activity both in terms of volume as well as value and was way ahead of its peer countries in the Asia-Pacific (APAC) region during the second quarter (Q2) of 2020, according to GlobalData, a leading data and analytics company. … Continue Reading

Global tourism & leisure industry deals total $8.34bn in Q2 2020

Total tourism & leisure industry deals for Q2 2020 worth $8.34bn were announced globally, according to GlobalData’s deals database. … Continue Reading

Early-stage funding rounds dominated APAC VC funding landscape in Q2 2020, finds GlobalData

Early stage funding rounds (comprising Seed and Series A funding) dominated the venture capital (VC) funding landscape during the second quarter (Q2) of 2020 in the Asia-Pacific (APAC) region, according to GlobalData, a leading data and analytics company. … Continue Reading

New research shows Australians bursting for Pacific bubble

New data from travel platform, Vacaay, reveals Australians are eagerly awaiting the opening of the Pacific Bubble ­– with French Polynesia, Fiji and Cook Islands experiencing a surge in online interest. … Continue Reading

D-EDGE’s New Barometer On Hospitality Recovery Trends

D-EDGE Hospitality Solutions launched its first version of the Hospitality Recovery Tracker on 9 April 2020 to assist hoteliers in spotting the first/early signs of recovery so as to allocate the right resources at the right time. … Continue Reading

China tops Asia-Pacific M&A deal activity during Q2 2020, finds GlobalData

Mergers and acquisitions (M&A) deal activity in the Asia-Pacific (APAC) region remained inconsistent during second quarter (Q2) of 2020. … Continue Reading

Third of US consumers will reduce frequency of travel in ‘new normal’, says GlobalData

A third (32%) of US respondents have stated that they will reduce domestic and international travel, while almost half (48%) revealed that they will also now dine at home, instead of in restaurants, according to a survey* by GlobalData, a leading data and analytics company. … Continue Reading

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