The International Air Transport Association (IATA) released new analysis showing that the airline industry is expected to remain cash negative throughout 2021. Previous analysis (November 2020) indicated that airlines would turn cash positive in the fourth quarter of 2021. At the industry level, airlines are now not expected to be cash positive until 2022.
Dubai has become a destination for digital nomads looking to live and work in one place for an extended period of time, according to data from travel analysis firm ForwardKeys.
The shared values and close ties between tourism and culture stakeholders means both sectors can work together to ensure inclusive access to heritage, as countries around the world recover from the pandemic. In recognition of this mutually reinforcing relationship, the World Tourism Organization (UNWTO) and UNESCO have collaborated to produce a set of new guidelines focusing on the responsible restart of cultural tourism.
Following Heathrow Airports dismal year-end loss of £2bn ($2.8bn) the airport is calling for increased government support, Gus Gardner, Travel and Tourism Analyst at GlobalData offers his view.
Summit provided critical and actionable information to help move the industry forward
Nearly half of respondents say border closures and restrictions have impacted their company travel recovery efforts in 2021
Low-cost carriers aggressive cost-cutting will give them an even larger cost advantage than pre-pandemic. – 87% of consumers are extremely, quite or slightly concerned about their personal finances, and low-cost carriers low fares are well-positioned to meet this need. – Low-cost carriers ability to quickly respond to pent up demand will pay off.
Following the news that Singapore and Hong Kong are in talks over the postponed travel bubble Animesh Kumar, Director of Travel & Tourism Consulting at GlobalData offers his view
WTTC maps out four key principles that will be crucial to the recovery – Travel & Tourism sector desperately needs an exit strategy from current restrictions
54% of Europeans aim to make a trip before the end of July 2021, revealing the strong pent-up demand to resume travel