The FINANCIAL - Travel

China, India, and the US Could Lose Up to 40 Million Tourism Jobs

The FINANCIAL -- Coronavirus outbreak has had a huge impact on the global travel and tourism industry. To curb the spread of the virus, countries across the globe have imposed lockdown rules, leading to thousands of canceled flights and cruises, closed hotels, museums, theme parks, and ...

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

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, ...

Airbnb proposes flexible reservation policies over coronavirus

The FINANCIAL -- Since the World Health Organization declared a global health emergency for the Coronavirus (COVID-19) outbreak, Airbnb has been closely monitoring official news and guidance in order ...

Online travel conglomerate Expedia is cutting thousands of jobs

The FINANCIAL – Travel giant Expedia Group is cutting 12% of its workforce, or about 3,000 jobs, after a “disappointing” 2019. The company’s stock hit its low, $95.67, over the past 12 months ...

Disney is closing its theme parks around the world

The FINANCIAL – Disney is closing its theme parks worldwide over coronavirus fears. The Walt Disney company will pay its cast members during that period. Disney Cruise Line will also suspend new ...

2020 global revenue losses for the passenger business of between $63

The FINANCIAL -- The International Air Transport Association (IATA) updated its analysis of the financial impact of the novel coronavirus (COVID-19) public health emergency on the global air ...

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Adjara Group is putting Kokhta-Mitarbi on the map with Rooms Hotel Kokhta

The FINANCIAL -- Being amidst the trendiest in Georgia, Adjara Group’s brand keeps expanding at an extraordinary pace. Just a few weeks ago the company opened it’s latest addition - new Rooms ...

Tourism after COVID-19, WTO Technical Assistance Package

The World Tourism Organization (UNWTO) has released a Tourism Recovery Technical Assistance Package to offer guidance to Member States in response to COVID-19. The package is structured around three ...

World Tourism Remains at Standstill as 100% of Countries Impose Restrictions on Travel

The FINANCIAL -- COVID-19 has placed the whole world on lockdown, with new research from the World Tourism Organization showing that 100% of global destinations continue to have restrictions on ...

International Tourism Numbers Could Fall 60-80% in 2020

The FINANCIAL -- International tourism down 22% in Q1 and could decline by 60-80% over the whole year, according to WORLD TOURISM ORGANIZATION 67 million fewer international. Tourists up to March ...

Airlines Facing Rapid Cash Burn

The FINANCIAL -- Airlines may burn through $61 billion of their cash reserves during the second quarter ending 30 June 2020, while posting a quarterly net loss of $39 billion, International Air ...

On a global basis, emergency aid of up to $200 billion is required to save airlines

The FINANCIAL -- Extensive cost cutting measures are being implemented by the region’s carriers to mitigate the financial impact of COVID-19. However, due to flight bans as well as international ...

Stay home – but travel tomorrow! WTO SG

The FINANCIAL -- As the COVID-19 situation evolves, the World Tourism Organization (UNWTO) observes that full or partial travel restrictions have been – and continue to be – introduced across the ...

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China, India, and the US Could Lose Up to 40 Million Tourism Jobs

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

Airbnb proposes flexible reservation policies over coronavirus

Online travel conglomerate Expedia is cutting thousands of jobs

Disney is closing its theme parks around the world

2020 global revenue losses for the passenger business of between $63

Adjara Group is putting Kokhta-Mitarbi on the map with Rooms Hotel Kokhta

Tourism after COVID-19, WTO Technical Assistance Package

World Tourism Remains at Standstill as 100% of Countries Impose Restrictions on Travel

International Tourism Numbers Could Fall 60-80% in 2020

Airlines Facing Rapid Cash Burn

On a global basis, emergency aid of up to $200 billion is required to save airlines

Stay home – but travel tomorrow! WTO SG

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