The global travel & tourism industry experienced a 10% rise in company filings mentions of COVID-19 in Q1 2023 compared with the previous quarter, with the highest share accounted for by Las Vegas Sands with 5% year-on-year increase, according to GlobalData’s analysis of over 217 travel & tourism company filings. GlobalData’s COVID-19 Cross-Sector Impact – Thematic Research report helps understand how the effect of COVID-19 on Travel & Tourism sector compares with 17 other key sectors, in terms of equity indices, M&A volumes, jobs index, and filings. Buy the report here.
Notably, COVID-19 was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions, ahead of robotics and social, according to GlobalData.
Of the top leading companies in the travel & tourism industry, Las Vegas Sands had the greatest increase in references for COVID-19 in Q1 2023, compared with the previous quarter. GlobalData identified 97 COVID-19-related sentences in the company's filings - 45% of all sentences - and an increase of 100% in Q1 2023 compared with Q1 2022. InterContinental Hotels Group’s mentions of COVID-19 rose by 3800% to 78 and Southwest Airlines’s by 100% to 71 and Walt Disney’s by 100% to 67 and Booking’s by 100% to 64.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for COVID-19 in Q1 2023 was 116.
To further understand GlobalData's analysis on COVID-19 Cross-Sector Impact - Thematic Research, buy the report here.