Airbnb: Enhanced Cleaning Protocol Now Available in 50 Countries and Regions

Hosts in 38 additional countries and regions can now enroll their listings in Airbnb’s Enhanced Cleaning Protocol, a comprehensive program with standardized guidelines for cleaning and sanitization for homes and educational materials to support safer travel in communities around the world. Since June, the program has been available in 12 countries and hosts are quickly […]

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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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UNWTO recognizes world’s best innovators facing up to COVID-19

The top solutions for accelerating the recovery of tourism have been celebrated in the ‘Healing Solutions for Tourism’ Challenge. Launched by the World Tourism Organization (UNWTO) with the support of the World Health Organization (WHO) and with the aim of identifying start-ups with ready-to-implement ideas for mitigating the impact of COVID-19 on the sector, the […]

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IMF: Fiscal Policies to Contain the Damage from COVID-19

In its recent publication, the IMF suggests the appropriate Fiscal Policies to contain and mitigate the damage from COVID-19. In times of pandemic, fiscal policy is key to save lives and protect people. Governments have to do whatever it takes. But they must make sure to keep the receipts. So far, countries have taken fiscal actions […]

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Airbnb Experiences From the Comfort of Your Home

Airbnb today announces the launch of Online Experiences, a new way for people to connect, travel virtually and earn income during the COVID-19 crisis. With communities around the world staying home to protect their own health and the health of others, people can’t pursue routine activities like going to work, exercising or pursuing a passion. […]

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TUI AG: KfW arrangement signed|Banking consortium approves German Federal government bridging loan

KfW and TUI AG confirm the signing of the state aid bridging loan for 1.8 billion euros. The loan had been committed by the German Federal Government on 27 March as part of the COVID-19 state support program. TUI’s current Revolving Credit Facility “RCF” banking consortium supports the KfW loan and the addition of the […]

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WTTC: Lives being devastated and one million jobs a day being lost due to coronavirus pandemic

A staggering one million jobs are being lost every day in the Travel & Tourism sector due to the sweeping effect of the coronavirus pandemic, according to the World Travel & Tourism Council (WTTC). According to the London-based international organization, which represents the global Travel & Tourism private sector, the growing job losses are affecting […]

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WTAAA: Coordinated and evidence – based measures are necessary against Covid-19 outbreak

The COVID-19 pandemic is a public health issue requiring proportionate and fact-based measures that are made on the latest public health recommendations from experts around the world. Travel restrictions, while understandably necessary at this moment in time, must be carefully evaluated so as to ensure they do not go beyond what’s required to control the […]

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Baird/STR Hotel Stock Index fell 11.7% in February

The Baird/STR Hotel Stock Index fell 11.7% in February to a level of 4,296. Year to date through the first two months of 2020, the stock index dropped 18.5%. “Hotel stocks fell off a cliff at the end of the month due to mounting COVID-19 concerns domestically, and the broader stock market correction has disproportionately […]

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UBS: Investor Sentiment Q3 2019 Wealthy investors’ optimism is tempered by trade war and politics

High net worth individuals and business owners globally are slightly more optimistic on the economy and stocks but are concerned about the trade war and holding more money in cash, according to UBS Global Wealth Management’s quarterly Investor Sentiment survey.  The survey, which polled more than 4,600 wealthy investors and entrepreneurs in 18 countries, saw […]

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