High Cost Of PCR Tests Will Continue To Negatively Impact International Travel Recovery, Says GlobalData
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Vaccination rollouts have been pinpointed as a catalyst for the recovery of travel, but the pricing of PCR tests is also a critical factor and risks holding back recovery in the long-term, says GlobalData, a leading data and analytics company. Advertisements
Prices for COVID-19 PCR tests do vary, but can dramatically increase the cost of an international trip. Research by Which? in April 2021 found that the average price of one PCR test was £120 (US$166) in the UK. Having to take two tests during a trip adds significant cost and this can serve as deterrent to traveling. This calls for yet more sector collaboration to reduce costs and make it more feasible for a travel restart.
Loyalty Programs And Increased Collaboration Will Be Key Features Of Post-Pandemic Travel, Says GlobalData
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Price-conscious travelers may be lured by the reboot of loyalty programs across the tourism sector. Various travel companies are now repositioning loyalty programs as value-orientated, rather than solely price focused in post-pandemic travel as they seek to tap into individuals desires for budget experiences, says GlobalData, a leading data and analytics company. Advertisements
GlobalData s survey found that the main obstacles facing travel s recovery are quarantine requirements (57%), travel restrictions (55%) and fear of contracting COVID-19 (51%). The fourth barrier was financial concerns (29%) and GlobalData s Q1 2021 consumer survey found that 32% of global respondents were extremely concerned about their personal financial situation. This suggests that economic constraints are going to be a key consideration for many when
Vaccine Skepticism Should Not Be Ignored In US Outbound Travel Recovery, Says GlobalData
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Vaccine skepticism coupled with COVID-19 concerns will continue to affect US outbound travel recovery in 2021 and potentially 2022, says GlobalData, a leading data and analytics company. Advertisements
COVID-19 concerns are high in the US. According to GlobalData s Q1 2021 consumer survey, 52% of US respondents stated they were extremely concerned about the impact of the COVID-19 pandemic in general, which is 10% higher than the global average. However,GlobalData s Live Verdict Poll found that 23% of respondents in North America did not intend to take a vaccine against COVID-19. This was higher than any other region and suggests that a large proportion of the US population may not be vaccinated by this summer as hoped. Although 40% stated that they have already had a vaccination, those refusing to do so will affect outbound tourism recovery.
April 2021 164 Party package holidays may suffer in post-pandemic travel as young generations turn to adventure holidays, new data revealed. ‘Party package’ holidays were already declining pre-pandemic in terms of both demand and supply, and with the spread of the coronavirus, its recovery will further delay amid fears of infection and the process of organising group travel, says GlobalData, a leading data and analytics company. It is likely that demand will never fully return as both individuals and destinations are drifting away from this party concept. Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, comments: “Operators and destinations that typically cater to the ‘mass party concept’ need to carefully reconsider their product and promotion in a post-Covid era amid changing consumer behaviours. Party holidays are now less desired by young generations and destinations in post-pandemic travel.”