The impact of Covid-19 accelerated problems for STA Travel but other factors such as its target market and asset heavy business model also contributed to its downfall. STA Travel recently...
On the 27th August, Rolls-Royce announced record H1 losses of £5.4 billion. These losses are mainly concentrated on its Civil Aerospace business, Power Systems business, and ITP Aero subsidiary, whilst...
Travel companies are having to foot the bill for government decisions The volatility of the UK travel corridors list has resulted in complete uncertainty for all parties: passengers, UK-based travel...
GlobalData research has found the top commercial aerospace influencers based on their performance and engagement online.
‘Managerial myopia’ is a condition in which the management of a business puts short-term prosperity before long-term value. This type of quick-fix strategy is now commonly being implemented in the...
Harry Boneham, Associate Analyst at GlobalData, comments, “the announcement that Boeing will cease production of the 747 in 2022 follows news that numerous airlines will be bringing forward the retirement...
Only 15% of global travellers typically ventured on eco-holidays in 2019 (GlobalData’s Q3 2019 Consumer Survey), but as travellers act more responsibly due to the impact of Covid-19 and a...
According to GlobalData’s Week 3 COVID-19 Recovery Survey (July 8-12), 32% of American respondents stated that they will continue (or start) to reduce domestic and international travel.
As the tourism industry is vast in scale its negative environmental impact is vast. According to Nature Climate Change, a monthly peer-reviewed journal, tourism is responsible for nearly one-tenth of...
Travel companies must think long and hard about the long term repercussions of not reimbursing customers or delaying the process. It risks alienating loyal customers, which would create enormous financial...
