Following the fact that Australian and New Zealand residents are be able to travel between the two countries with no quarantine restrictions which commenced April 19, Ralph Hollister, analyst, travel and tourism, GlobalData, a leading data and analytics company, offered his view on the situation:
The launch of Wizz Air’s Abu Dhabi arm could pay dividends for the low-cost carrier by tapping into underserved markets and support the emirate by stimulating inbound tourism. This recent development reinforces the necessity for low-cost competition, and the airline will support the stimulation of leisure demand to the UAE during and post-COVID-19, according to GlobalData, a leading data and analytics company.
Saudi Arabia claims it remains on track to reach its ambitious target of welcoming 100 million tourists annually by 2030.This would mean a near six-fold increase in tourist arrivals over the next 11 years, from the 17 million visitors the country welcomed in 2019, according to GlobalData, a leading data and analytics company.
The number of deals announced in the global travel and tourism sector declined by 3,8 percent during the week ended June 28, of this year, compared to the previous week, according to GlobalData’s deals database.
Over the past weeks, the impact on international travel plans has continued to climb. In a survey by GlobalData, 56 percent of respondents in the emirates have had to cancel their upcoming international travel plans due to restrictions.
Saudi Arabia is without question, the most important market in the Middle East. As the region’s biggest economy and home of Islam’s most important sites, the Kingdom dominates the regional landscape.
Using this current downtime to prepare future operations for a post-COVID-19 business environment is a must for lodging companies, said GlobalData, a leading data and analytics company.
The move by Abu Dhabi’s Executive Committee to form an infrastructure committee to oversee the development and operation of infrastructure in the emirate is an important step at a critical time for the construction sector, said GlobalData, a leading data and analytics company.
The Dubai Government’s decision to put future projects on hold is unsurprising as COVID-19 weighs down on global economies.
A total 215 deals were announced in the Asia-Pacific (APAC) region during the week ended March, 29, which is a decrease of 18,6 percent over 264 deals announced during the previous week, according to GlobalData’s deals database.