The COVID‐19 pandemic will no doubt drastically change the way business gets done moving forward, especially when it comes to travel. Microsoft co‐founder Bill Gates has even predicted that over 50% of business travel will go away permanently now that remote work and virtual meetings have become the norm.
The travel industry has been gutted by the pandemic. Bookings have fallen off a cliff, there's no product to sell, confidence among travellers is shot and there's no road map for a resumption of international travel.
Massive passenger slump recorded at Frankfurt Airport and Fraport's Group airports worldwide – Relatively low decline in FRA's cargo volumes
Royal Caribbean Group (NYSE: RCL) today announced it has entered into a definitive agreement to sell its Azamara brand to Sycamore Partners, a private equity firm specializing in consumer, retail and distribution investments, in an all-cash carve-out transaction for $201 million, subject to certain adjustments and closing conditions.
Despite continuing lockdowns, Europeans are progressively interested in trips during the second quarter of 2021 as COVID-19 vaccines are rolled out. That is according to the latest report from the European Travel Commission (ETC) 'Monitoring Sentiment for Domestic and Intra-European Travel Wave 4' featuring data collected in December 2020.
75 Properties Opened Across Asia Pacific in 2020
The World Travel & Tourism Council (WTTC) warmly welcomes the Biden-Harris inauguration in what will be a pivotal first year in office. WTTC looks forward to working with the incoming administration to help revive the struggling Travel & Tourism sector.
The 10 marketing network carriers reported 389,587 scheduled domestic flights in November 2020 compared to 374,538 flights in October 2020 and 655,072 flights in November 2019.
The International Air Transport Association (IATA) recognizes that the UK government is taking the steps it considers necessary to protect public health. While we understand this decision, it is of course deeply disappointing to see all travel corridors shut down, and universal testing and quarantine requirements imposed on all arrivals.
The International Air Transport Association (IATA) welcomed the announcement by the United States Centers for Disease Control and Prevention (CDC) that it will require all travelers to the US to show proof of a negative COVID-19 test undertaken within three days prior to their departure to the US, effective 26 January.