-American Queen Voyages, an expert on river cruises in Mississippi and Tennessee, failed. The company suspended its operations and suspended its commercial transactions, citing the effects of the Covid-19 pandemic. American Queen Voyages, which operated a fleet of traditional American steamships, paid tribute to the team, crew and partners in a statement. The announcement followed […]
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Boeing‘s Max aircraft safety crisis is causing the company to lose liquidity, meaning the U.S. maker will need more time to meet a key financial target for years to come, its chief financial officer, Brian West, said on Wednesday. The airline is trying to get safety issues under control after an incident on Alaska Airlines […]
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TUI continues to execute its goal of rapidly deleveraging the Group, reducing interest costs and further reducing Corona state aid. The Corona state aid received in the pandemic is to be returned as quickly as possible and in sequence. TUI’s Executive Board and Supervisory Board have therefore today resolved to launch a capital increase against […]
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-In 2024, booking travel still presents challenges such as price fluctuations, hidden fees, uncertain cancellation policies, noisy online platforms and poor customer service add to the complexity. Brands that strike a balance between security, transparency and tailored offerings are poised for success in the evolving landscape of travel booking. Overcoming travel booking fatigue requires a […]
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The International Air Transport Association (IATA) announced an expected strengthening of airline industry profitability in an upgrade of its outlook for 2023. Highlights include: Airline industry net profits are expected to reach $9.8 billion in 2023 (1.2% net profit margin) which is more than double the previous forecast of $4.7 billion (December 2022). Airline industry […]
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International tourism continued to show strong signs of recovery, with arrivals reaching 57% of pre-pandemic levels in the first seven months of 2022. According to the latest UNWTO World Tourism Barometer, international tourist arrivals almost tripled in January to July 2022 (+172%) compared to the same period of 2021. This means the sector recovered almost […]
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MITSIS HOTELS was distinguished for its responsible operation among the “31 Most Sustainable Companies in Greece” for 2022, in the ceremony held on February 7th by the QualityNet Foundation. The Group’s new holistic CSR programme entitled ‘A story of change’ includes a variety of actions to address key contemporary industry challenges, contributing 5% of its […]
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This has been another challenging year for our societies, our economies and tourism. Many millions of jobs and businesses remain in peril, at the mercy of an evolving crisis and of the actions of governments. However, we are by no means in the same place we were when the pandemic was declared in March 2020. […]
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The UBS Global Real Estate Bubble Index 2021, a yearly study by UBS Global Wealth Management’s Chief Investment Office, indicates that the bubble risk has on average increased during the last year, as has the potential of a severe price correction in many of the cities tracked by the index. Frankfurt, Toronto, and Hong Kong […]
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With travel reopening more widely this year since the pandemic hit -particularly in highly vaccinated North America, the UK and the European Union- it might seem as though global movement is inching its way back to a more reasonable cadence, in spite of the Delta variant, and that tourism is slowly getting back on track. […]
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