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travel restriction

TUI suspends vast majority of holiday packages, cruises and hotel stays

5 mins read

The FINANCIAL — Due to the unprecedented escalation of COVID-19, the Board of TUI are continuously evaluating the situation and are considering a variety of actions to support their customers, colleagues and stakeholders. Multinational travel and tourism company TUI (TUI.L) announced that it will be suspending all package holidays, cruises, and hotel operations due to the coronavirus pandemic. It confirmed in a statement that it is also withdrawing the guidance it is giving to investors about how it sees its financial results for 2020 and that the Executive Board has “decided to apply for state aid guarantees to support the business…

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TUI suspends vast majority of holiday packages, cruises and hotel stays

5 mins read

The FINANCIAL — Due to the unprecedented escalation of COVID-19, the Board of TUI are continuously evaluating the situation and are considering a variety of actions to support their customers, colleagues and stakeholders. Multinational travel and tourism company TUI (TUI.L) announced that it will be suspending all package holidays, cruises, and hotel operations due to the…

Airbnb: 40% drop in bookings and loss of $276.4 million

4 mins read

The FINANCIAL — Airbnb Inc’s bookings in major cities across the world have plunged. People are deciding to cancel travel plans because of the coronavirus outbreak. Also, there is an increasing number of travel restrictions being put in place around the world. Some online travel companies have already issued warnings. Expedia, which runs sites such…

BREAKING NEWS! Trump announces travel ban from Europe to the USA except from the UK

6 mins read

The FINANCIAL — President Trump addressed the nation Wednesday night and announced that all travel from Europe to the United States – with the exception of the U.K. – will be suspended for the next 30 days. Ban applies to anyone who has been in the EU’s Schengen border-free area within 14 days prior to…