APAC FORMALWEAR RETAILERS MUST ADAPT TO WORK-FROM-HOME TREND TO STAY RELEVANT IN MARKET
APAC FORMALWEAR RETAILERS MUST ADAPT TO WORK-FROM-HOME TREND TO STAY RELEVANT IN MARKET, SAYS GOLBALDATA With work-from-home continuing to be a precautionary measure in 2021 to safeguard employees from the COVID-19 pandemic, formalwear retail brands in the Asia-Pacific (APAC) region need to revisit their strategies to operate and compete in the market, says GlobalData, a leading data and analytics company. Formalwear retail brands saw a sharp growth in the recent past with the emergence of countries such as India, Singapore and China as major …
BOEING'S REVENUE HAS DROPPED BY NEARLY 50% SINCE 2018 - $58.16B In 2020
BOEING'S REVENUE HAS DROPPED BY NEARLY 50% SINCE 2018 - $58.16B In 2020 - Boeing is one of the biggest companies in the world, but the airline giant has had a very tumultuous last couple of years. Even before 2020’s Coronavirus pandemic, the company was already experiencing sharp declines in various metrics due to a major global controversy around one of its aircraft. According to data presented by Buyshares.co.za , Boeing’s revenue of $58.16 in 2020 was a 42.5% decrease compared to 2018’s record-high revenue of over $101B - a CAGR of -24…
ASIA-PACIFIC TO LEAD GLOBAL JEANS MARKET GROWTH
ASIA-PACIFIC TO LEAD GLOBAL JEANS MARKET GROWTH - The emerging markets across the Asia-Pacific (APAC) region are set to play a crucial role in the revival of the global jeans market to its pre-COVID-19-pandemic level growth by 2022, says GlobalData, a leading data and analytics company. GlobalData’s research reveals that the global jeans market grew at a compound annual growth rate (CAGR) of 0.5% between 2014-2019 to reach US$74bn. However, the COVID-19 induced lockdowns led to store closures, which dampened the overall apparel spend, includi…
WORLD'S TOP THREE CRUISE LINES ACCUMULATE OVER $60 BILLION IN DEBT
WORLD'S TOP THREE CRUISE LINES ACCUMULATE OVER $60 BILLION IN DEBT - The year 2020 was unforgiving for cruise lines but 2021 seems to have started off on a slightly higher note. For the top three industry players, surviving the year took its toll resulting in a high level of cash burn and massive debt burdens. According to the research data analyzed and published by ComprarAcciones.com , the top three cruise lines have accrued more than $60 billion in debt during the pandemic period. Norwegian Cruise Lines’ debt burden was over $12.15 b…
BEIJING'S TOURISM REVENUE DROPPED BY 53% IN 2020 - LOSS OF OVER ¥330B
BEIJING'S TOURISM REVENUE DROPPED BY 53% IN 2020 - LOSS OF OVER ¥330B -The tourism industry was badly hit by the COVID-19 pandemic and the city of Beijing saw the momentum of the industry halted in 2020. Beijing had become an increasingly popular tourist destination prior to the pandemic with revenue from inbound tourism recorded at $5.16B in 2019. According to data presented by TradingPlatforms.com , Beijing’s total revenue from tourism decreased by over 53% in 2020 for a staggering loss of ¥330B or $50B. Beijing Revenue From Tourism Dr…
HONG KONG'S E-COMMERCE GROWTH WILL CONTINUE BEYOND COVID-19 PANDEMIC
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…
INDONESIA’S MULTIFINANCE INDUSTRY EXPECTED TO HELP FILL FINANCING GAP
Metropolitan Jakarta - Capital City of Indonesia INDONESIA’S MULTIFINANCE INDUSTRY EXPECTED TO HELP FILL FINANCING GAP - A new Covid-19 Response Report (CRR), produced by Oxford Business Group (OBG) in partnership with FIFGroup, explores the opportunities for growth in Indonesia’s multifinance industry in the post pandemic era. The analysis focuses on the potential for accelerated digitalisation to reshape the segment, with the development of financial technology, wider digital lending and increased e commerce activity as emerging trends. T…
AIRBNB STOCK UP BY 23% IN 2021, TRADING AT MORE THAN TWO TIMES ITS IPO PRICE
AIRBNB STOCK UP BY 23% IN 2021, TRADING AT MORE THAN TWO TIMES ITS IPO PRICE - Since the company’s IPO in December 2020, Airbnb’s share price has rallied remarkably. It is trading at $177.90 per share as of March 4, 2021, marking a 22.77% increase year-to-date (YTD). The figure was more than 2.5 times its IPO price of $68 per share. Based on data from Tourism Economics, travel spending in the US declined by 42% in 2020 to $679 billion. Though it has bounced back to some extent, it remains below pre-pandemic levels. Airbnb Bookings Recovered …
LVMH MARKET CAP SOARS SOARS TO €265 BILLION, HIGHEST VALUED COMPANY ON EUROPE STOCK MARKET
Photo by Anne R from Pexels LVMH MARKET CAP SOARS SOARS TO €265 BILLION, HIGHEST VALUED COMPANY ON EUROPE STOCK MARKET - Luxury conglomerate LVMH is among the key beneficiaries of investor optimism. According to the research data analyzed and published by Finaria , luxury conglomerate LVMH’s market capitalization stood at €264.55 billion as of February 26, 2021. That made it the highest valued company on the European stock market, overtaking Nestle which had CHF 267.57 billion (€242 billion). Based on a HH Journal report, LVHM’s sha…
U.S. LEISURE & HOSPITALITY ACCOUNTS FOR WHOOPPING 39% OF JOB LOST TO PANDEMIC
Photo by William Fortunato from Pexels U.S. LEISURE & HOSPITALITY ACCOUNTS FOR WHOOPPING 39% OF JOB LOST TO PANDEMIC - Almost four in 10 of all the U.S. jobs lost since February of last year are in the Leisure & Hospitality industry, according to analysis of the latest Department of Labor national jobs report —triple the number of the next-hardest-hit industry. The meager 49,000 jobs created by the U.S. economy in January were viewed by economists as a disappointment and a major sign of lingering pandemic-related stress in lab…
HOW MUCH NIKE BRAND WORTH VALUE IN 2020?
Photo by Huy Phan from Pexels Nike Brand Value Increased by 151% in 10 Years -$34.4B in 2020 HOW MUCH NIKE BRAND WORTH VALUE IN 2020? - Sporting behemoth Nike continues to grow its influence as its brand value continues to increase by the billions. It’s dominance over its main competitor Adidas, is clear especially in the North American region where Nike generates 43% of its total revenue. According to data presented by Safe Betting Sites , Nike’s brand value increased by 151% in 10 years, increasing for the fifth year in a row to $34.4B.…
TRAVEL AND TOURISM REVENUES TO REACH $540B IN 2021, ALMOST $200B LESS THAN IN 2019
Photo by Aleksandar Pasaric from Pexels TRAVEL AND TOURISM REVENUES TO REACH $540B IN 2021, ALMOST $200B LESS THAN IN 2019 - The COVID-19 pandemic has affected every sector globally, but the travel and tourism industry is among the hardest hit. Although hotels and resorts implemented increased safety and sanitation measures and cautiously reopened in the second half of 2020, the second wave of the pandemic brought a new hit to businesses operating in the sector and slowed down the recovery of the entire market. According to data presented…
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