Corporate travel: A long recovery expected
New York – When the COVID-19 pandemic halted travel around the globe, business travelers had to pivot quickly from in-person meetings and events to virtual platforms. As the pandemic continues and travel-industry players look ahead for a rebound, our research shows … Continue reading Corporate travel: A long recovery expected
High Unemployment in the Travel Industry
New York – At the peak of the Great Depression in 1933, unemployment in the nation reached 25 percent. Nearly 90 years later, the coronavirus pandemic has brought the travel industry into a Great Depression of its own. According to new data from … Continue reading High Unemployment in the Travel Industry
Travel Industry Seeking Federal Relief
New York – Decreased travel due to the coronavirus outbreak could equate to an $809 billion economic hit to the U.S. economy and the loss of 4.6 million travel-related jobs in this country by the end of April, according to an analysis prepared by Tourism … Continue reading Travel Industry Seeking Federal Relief
China virus hits travel and car industry
BEIJING/SHANGHAI – Thousands of passengers and crew on two cruise ships in Asian waters were placed in quarantine for China’s coronavirus on Wednesday as airlines, car manufacturers and other global companies counted the cost of the fast-spreading outbreak. China said … Continue reading China virus hits travel and car industry
GBTA: Corona virus Causes Massive Disruption
Alexandria – Concerns about the spread of the coronavirus and its effects on business travel are widespread among travel managers, according to the Global Business Travel Association. In a flash survey the organization conducted last week, 80 percent of the nearly … Continue reading GBTA: Corona virus Causes Massive Disruption
Thomas Cook Germany in rescue talks with investors
Berlin – Thomas Cook’s German tour business filed for insolvency on Wednesday in a move aimed at separating its brands and operations from its failed parent, and said it was in talks with potential new investors. The German government said … Continue reading Thomas Cook Germany in rescue talks with investors
PATA : Strategic Partnership agreement with ADARA
Bangkok – The Pacific Asia Travel Association (PATA) is pleased to announce a new Strategic Partnership agreement with ADARA, the enterprise-wide data solution for travel brands, to empower its members with a comprehensive view of destination visitor data for more powerful and efficient … Continue reading PATA : Strategic Partnership agreement with ADARA
Smartphones driving growth in online sales
London – Smartphones are expected to become a significant transactional channel for travel as customers become more comfortable using mobile devices for purchases as well as research.Global online travel sales accounted for $589 billion in 2013, amounting to a quarter … Continue reading Smartphones driving growth in online sales