The FINANCIAL - Travel

Significant increase in the number of flights

Air travel demand in Europe is recovering from COVID-19 impact. Business aviation recovering faster than other segments and now only 9% below 2019 levels. Also, all-cargo flights are 4% above 2019 levels. Ryanair, announced it has restored over 60% of normal flight schedules from 1st August, following the successful resumption of its services at the end of June. Based on traffic levels, the ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Uber Boats launched in London

The first branded Uber Boat by Thames Clippers set sail on the River Thames on August the 3rd, marking the start of a partnership between Uber and Thames Clippers. A fleet of 20 boats on the River ...

CDC extends ban on cruises

On July 16, 2020, CDC extended the No Sail Order and Suspension of Further Embarkation. This order renews the No Sail Order and Other Measures Related to Operations signed by the CDC Director on ...

American Airlines and JetBlue announced partnership

JetBlue Airways Corp. and American Airlines Group Inc. today announced a strategic partnership that will create seamless connectivity for travelers in the Northeast and more choice for customers ...

European Commission approves €3.4 billion KLM bailout

The European Commission has approved, under EU State aid rules, a €3.4 billion Dutch aid measure consisting of a State guarantee on loans and a subordinated State loan to KLM. As a result of the ...

The United Nations releases guidelines for strong and sustainable recovery

The FINANCIAL -- The World Tourism Organization (UNWTO) has released a set of guidelines to help tourism sector emerge stronger and more sustainably from COVID-19. The guidelines highlight the need ...

CNN Joins UNWTO on #TravelTomorrow Campaign

The World Tourism Organization (UNWTO) has joined forces with CNN International for a major new initiative designed to inspire people to get ready to travel again. The #TravelTomorrow campaign ...

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Significant increase in the number of flights

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

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

Airlines Facing Rapid Cash Burn

Tourism after COVID-19, WTO Technical Assistance Package

International Tourism Numbers Could Fall 60-80% in 2020

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

Uber Boats launched in London

CDC extends ban on cruises

American Airlines and JetBlue announced partnership

European Commission approves €3.4 billion KLM bailout

The United Nations releases guidelines for strong and sustainable recovery

CNN Joins UNWTO on #TravelTomorrow Campaign

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