Politics – Our Newest Category

Published on October 12, 2017
Yen Lim
Former Chief Product Officer

Expanding into our 16th Category – Politics

In our quest to make businesses and products smarter, we continue to see opportunities for expansion. One of these areas is in the types of event data we aggregate, cleanse, enrich and rank into the world’s largest single source of intelligent event data.

Introducing our latest category – Politics – which covers parliamentary and presidential elections, as well as referendums – globally.

The name of the category in our API is “politics”. No surprises there!

Why Politics?

As with the release of our Terror category, the Politics category has been a widely requested addition to our API. And it’s not hard to understand why, with major shifts in political environments around the world and in some of the biggest economies.

From the widely reported “Trump Slump” to tracking the impact of Brexit politics can trigger significant and long lasting impacts on economies. Therefore it’s a natural progression for us to aggregate, cleanse, enrich and rank this event data and make it part of our offering so you don’t have to worry about doing it.

Focus on Travel and Tourism

Travel and tourism is one of our largest sectors in which we operate. It’s also the one of the largest to feel the impact from political instability. As Rochelle Turner, the Research Director from WTTC points out, the sheer size and reach of the sector means there is always an inevitable knock-on effect: “Travel & Tourism contributes US$7.6 trillion of global GDP and supports one in every ten jobs on the planet. It is a sector known for creating jobs, for developing entrepreneurial opportunities and for driving international trade. Indeed, 28% of all contribution comes from the money spent by international visitors.

Turner also points out: “We have seen evidence in the past of the negative impact of poor policies. Strict visa policies and inward-looking sentiment led to a $600 billion loss in tourism revenues in the decade post 9/11, as previously reported by the US Travel Association, with a noted 9% drop in international arrivals in the period of 2001–2009.

Travel & Tourism thrives by breaking down barriers, not building them; by making it easier for people to travel, not applying blanket bans. Our sector bridges the divides between cultures, fosters understanding across religious and geographic boundaries and is a massive generator of jobs and economic growth.

If the global rise of populism and fear of international markets continues unabated, it will inhibit growth. Whenever possible, industry leaders must speak up and make the case not only for travel facilitation and free trade, but also for the free circulation of ideas, different social norms and opinions that travel and tourism enables and encourages, that in turn underpin peace and prosperity. Much of the world’s economic growth and stability depend on it.