The International Air Transport Association (IATA) reported that air travelers are increasingly frustrated with the COVID-19 travel restrictions. A survey commissioned by IATA of 4,700 respondents in 11 markets in September demonstrated confidence that the risks of COVID-19 can be effectively managed and that the freedom to travel should be restored. 67% of respondents felt […]
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TUI Group resolved a 1.1 billion euros capital increase to strengthen the balance sheet / Drawings under the KfW Facility reduced to zero / After transformation and restart, focus on refinancing and reducing the use of government loans / Positive booking update for Q4: 5.2 million bookings in Summer 2021, significant increase in the high […]
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The global rollout of vaccinations supports customers’ confidence to fly and facilitates the further lifting of travel restrictions. Lufthansa is well positioned to take advantage of the resulting rebound in global travel demand. Based on the Group’s operating performance in July and August, Adjusted EBIT (excluding restructuring expenses) in the third quarter is expected to […]
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European hoteliers had been hoping the pickup in vaccination rates and progressive removal of health restrictions would boost demand this summer, as it did in 2020. Wish granted: hotel activity accelerated (+68.0% in RevPAR between July 1 and August 21 compared to 2020 marks), even though it remains well below pre-COVID standards (-31.8% compared to […]
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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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The World Travel & Tourism Council (WTTC) today warned the UK government that with the furlough scheme coming to an end, it has just 30 days left to save travel businesses which are struggling to survive. WTTC also warns that unless international travel opens up more widely, with simplified controls, the UK is facing a […]
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The number of hotel openings in Europe is expected to hit an all-time high in 2021, with more than 100,000 new rooms estimated for the year, according to STR data and analysis that will be presented at this week’s International Hospitality Investment Forum (IHIF) in Berlin. More than 50,000 rooms have opened thus far in […]
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The International Air Transport Association (IATA) released the IATA World Air Transport Statistics (WATS) publication with performance figures for 2020 demonstrating the devastating effects on global air transport during that year of the COVID-19 crisis. 1.8 billion passengers flew in 2020, a decrease of 60.2% compared to the 4.5 billion who flew in 2019 Industry-wide air travel demand […]
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A replacement for ABTA’s Single Payment Scheme (SPS), developed by technology company Travel Ledger, is to launch late summer 2021 to ABTA Members. The scheme is ABTA’s direct debit system for allowing fast online payments between travel agents and tour operators. Transactions are consolidated by the payment scheme, so that each week only a single […]
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The U.K. continues to lead Europe in hotel occupancy with four straight weeks above 60% in the metric, according to STR data through 18 July. “Demand is almost exclusively leisure-driven as the U.K. has benefitted from a successful vaccination program, a phased reopening and improved travel sentiment overall,” said Thomas Emanuel, STR’s Director. “Other countries […]
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