GLOBAL OUTBOUND TRAVEL TRIPS TO FALL BY 11% IN 2020 IMPACTING MOBILE ROAMING TRAFFIC & REVENUE GROWTH: KALEIDO INTELLIGENCE.
NEW FINDINGS FROM KALEIDO INTELLIGENCE, INCLUDED IN ITS ROAMING DATA HUB REFLECT GLOBAL OUTBOUND AND INBOUND TOURISM, ROAMING ACTIVITY, TRAFFIC AND REVENUES FOLLOWING THE OUTBREAK OF CORONAVIRUS DISEASE (COVID-19).
London, March 10th, 2020 – Kaleido Intelligence’s Roaming Data Hub – Q1 202O predicts a substantial decline in annual inbound and outbound travel numbers, representing nearly 11% fall in travel volume, with global outbound trip volume reaching 1.33 billion in 2020. Kaleido had previously estimated a 5.3% y-o-y growth for 2020, with leading travel markets expected to continue growth alongside contribution from emerging markets.
Following the spread of the Coronavirus (SARS-CoV-2) worldwide, reaching over 100 countries around the world, the tourism industry is witnessing significant impact in terms of inbound and outbound travel.
Over 300 Million Fewer Trips Forecast, But Long Term Growth Still Expected
Kaleido’s H2 2019 Roaming Data Hub predicted that the number of international outbound trips will reach 1.95 billion in 2024, up from an estimated 1.5 billion in 2019, representing an average annual growth rate of 5%. However, given the Covid-19 impact, Kaleido Intelligence has revised the forecasts to 1.64 billion in 2024, representing an average annual growth rate of 1.8% from 2019.
Nitin Bhas, Chief of Strategy & Insights at Kaleido Intelligence added: “Understandably, this means that there will be an impact on mobile roamers and usage around the world. For that reason, we have revised our forecasts for global travel, mobile roamers and outbound and inbound roaming traffic and revenues.”
Consequently, Kaleido forecasts that global roaming data traffic generated by consumer mobile devices is forecast to reach 1,400 PB in 2024, compared to the 1,700 PB previously forecast.
Obtain insight into the impact of roamer traffic and revenues in your market by requesting an interview with Kaleido Intelligence.
Data Hub Expands to cover IoT & 5G Roaming
Kaleido’s Roaming Data Hub, Q1 2020 includes new metrics covering both IoT and 5G Roaming, which are already impacting the roaming ecosystem and creating new revenue opportunities.
Together with existing Wholesale and Retail Mobile Roaming data across 60+ global markets, the Data Hub allows clients to make detailed plans based on over 80,000 unique datapoints.
About Kaleido Intelligence
Kaleido Intelligence is a specialist consulting and market research firm with a proven track record delivering telecom research at the highest level. Kaleido Intelligence is the only research company addressing mobile roaming in its entirety, covering:
- Data Forecasts by Market
- Historical & Forecast Viewpoints
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- Strategic Insight
- Trend Analysis
Research is led by expert analysts, each with significant experience delivering telco research and insights that matter.