STR: Preliminary June data for London hotels

STR’s  preliminary data for London hotels showed record performance lows.   Comparison with June 2019: Occupancy: -74.4% to 23.0% Average daily rate (ADR): -59.2% to GBP72.48 Revenue per available room (RevPAR): -89.6% to GBP16.64 The absolute levels in each of the three metrics would be the lowest for any month on record in STR’s London database. […]

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UNWTO welcomes new app designed to facilitate safe and secure border crossings

The World Tourism Organization (UNWTO) has partnered with Wanderlust World for the launch of a new App designed to facilitate safe and seamless travel in the wake of COVID-19. As many countries around the world begin to ease travel restrictions introduced in response to the pandemic, the United Nations specialized agency has welcomed the responsible […]

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Lufthansa

Lufthansa: Shareholders pave the way for stabilization measures

The shareholders of Deutsche Lufthansa AG voted in favor of accepting the capital measures and the participation of the Economic Stabilisation Fund (WSF) of the Federal Republic of Germany in Deutsche Lufthansa AG. The corresponding proposal received the necessary majority at today’s Extraordinary General Meeting of the company. The package provides for stabilization measures and loans of […]

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wttc

WTTC call for greater clarity so Brits can travel abroad again

WTTC is calling for greater clarity from Britain as far as international travels are concerned after the re-opening of hotels, pubs, restaurants and attractions from 4 July. Gloria Guevara, WTTC President & CEO, said: “The UK’s Travel & Tourism sector will no doubt welcome the UK government’s announcement on the re-opening of hotels, pubs, restaurants […]

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WTTC welcomes the beginning of the recovery of travel across Europe

WTTC welcomes the European Commission’s recommendation on lifting the travel restrictions inside Europe on 15th June and the lifting of border controls for international travellers from July 1st. Gloria Guevara, WTTC President & CEO, said: “WTTC welcomes the reopening of borders and the easing of travel restrictions across Europe, and applauds the European Commission (EC) […]

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More than 197m Travel & Tourism jobs will be lost due to prolonged travel restrictions, according to new research from WTTC

More than 197 million jobs could be lost in the global Travel & Tourism sector if barriers to global travel, such as blanket anti-travel advisories and quarantine measures remain in place, according to new research from the World Travel & Tourism Council (WTTC).   The devastating figure comes from WTTC economic modelling, which looks at […]

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abta

ABTA calls for a coordinated strategy and clear communication by Government to protect jobs and aid recovery

ABTA has written to the Prime Minister to provide an update on the specific challenges that the industry – in particular travel agents and tour operators – is facing as this crisis unfolds, and to call for a coordinated strategy supported by specific measures and clear communication by the Government. The outbound travel industry contributes […]

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European Commission issues Recommendation on use of Refund Credit Notes for cancelled package holidays

The European Commission has issued an official Recommendation on Refund Credit Notes (referred to as ‘vouchers’ in other countries) offered to customers as an alternative to cash refunds for cancelled package holidays. The Recommendation, which applies to the UK until the end of the transition period, provides guidance on the appropriate use of vouchers by […]

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Lufthansa

Lufthansa Group provides transparency about business activities in so-called “tax havens”

Lufthansa Group publishes list of all companies based in non-cooperative tax jurisdictions according to EU list. Last weekend, a number of politicians requested clarification in interviews “why Lufthansa has subsidiaries in tax havens”. In order to create the desired transparency, the company is publishing details of its subsidiaries based in countries or territories that are […]

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Lufthansa

Deutsche Lufthansa AG negotiates stabilization package for the Group

Deutsche Lufthansa is negotiating a stabilization package for 9 billion euros with the Federal Economic Stabilization Fund (Wirtschaftsstabilisierungsfonds – WSF) to finance the Lufthansa Group. The negotiations and the process of political decision-making are still ongoing. The negotiations on financing measures include a silent participation and a secured loan. The conditions are currently being discussed. […]

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