HONG KONG'S E-COMMERCE GROWTH WILL CONTINUE BEYOND COVID-19 PANDEMIC - E-commerce sales in Hong Kong are forecasted to register a strong growth of 11.1% in 2021, as consumers are increasingly opting for online purchases, says GlobalData, a leading data and analytics company. According to GlobalData’s E-Commerce Analytics, e-commerce sales in Hong Kong are expected to grow at a compound annual growth rate (CAGR) of 8.3% from HK$178.0bn (US$22.9bn) in 2021 to HK$226.0bn (US$29.0bn) in 2024. Nikhil Reddy, Banking and Payments Analyst at Glo…
COSTA RICA PUBLISHES A LIST OF COVID-19 TESTING FACILITIES FOR VISITOR RETURNING TO THEIR COUNTRIES - The Costa Rican Tourism Board (ICT) has published a list of clinics and medical premises where international visitors can book a Covid-19 test before returning to countries that require a negative result, such as the UK. Over 100 medical practices spread all over the country are included in the document approved by the Ministry of Health, which can be accessed here . These medical practices can carry out two types of Covid-19 testing: …
Photo by Spencer Davis from Pexels ASIA PACIFIC REIGNS IN 2021 HENLEY PASSPORT INDEX AS REGION LOOKS SET TO EMERGE FIRST FROM PANDEMIC - As 2021 commences, the latest results from the Henley Passport Index — the original ranking of all the world’s passports according to the number of destinations their holders can access without a prior visa — provide fascinating insights into the future of travel freedom in a world that has been transformed by the effects of the Covid-19 pandemic. Without taking temporary restrictions into account, Jap…
PANDEMIC TO TRIGGER $95.7B REVENUE LOSS WITHIN GERMANY, UK, AND FRENCH ACCOMMODATION AND RESTAURANT SECTOR - The year 2020 has been a rough one for the accommodation and restaurant industry. After the COVID-19 lockdown in the first months of 2020, many restaurants reopened in the second half of the year, but their daily traffic dropped sharply compared to a year ago. However, with governments closing down bars and restaurants amid the second wave of the pandemic, the much-expected holiday season, which usually adds up big profits for the res…
UTTARAKHAND'S APPROACH TOWARDS REVIVAL OF TOURISM PRESENTS KEY LEARNING LESSONS FOR TOURIST DESTINATIONS - Following the news that the state of Uttarakhand in India has revised the guidelines for inter-state travel; Animesh Kumar, Director of Travel and Tourism Consulting at GlobalData, a leading research and consulting company, offers his view: “Uttarakhand has taken a balanced approach in removing the travel restrictions and presented some significant learnings for other tourist destinations in India and across the globe. “The economy …
Despite Japan's efforts to revive the travel and tourism industry, a deal activity likely to remain subdued The global travel and tourism industry is among the worst hit due to COVID-19 pandemic and deal activity in the sector is muted. Japan too is not an exception, though the country seems to be keen on reviving the industry by introducing new initiatives. However, with the resurgence of new COVID-19 cases and mixed response amid criticism and concerns over the second wave of infections, the deal-making sentiment is expected to remain su…
K11 x MOCA presents MOCA Masks exclusively in the Asia Pacific K11 unveils exclusive partnership in Asia Pacific with The Museum of Contemporary Art, Los Angeles (MOCA) to showcase limited-production MOCA Masks at K11 MUSEA, with designs by globally celebrated artists Virgil Abloh, Mark Grotjahn, Alex Israel, Barbara Kruger, Yoko Ono, Catherine Opie, Pipilotti Rist, Hank Willis Thomas, and Andy Warhol Available for pre-order, Friday 7 August via K11 e-shop https://shop.k11.com/en/eshop/ moca #K11 MUSEA #MOCAmasks #CSV #SiliconValleyOfCulture …
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