Lufthansa is heavily observed by the EU | State aid investigation launches amid Covid

The European Commission has launched an investigation to determine whether state aid granted by the German government to Lufthansa during the Covid-19 pandemic breached European Union regulations. The €6 billion recapitalisation package was approved under the Covid Temporary Framework in June 2020, but was annulled by a ruling of the General Court of the EU […]

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Turkey: Projections for 20 million travellers to Istanbul this year | Benchmark for Americans

The Turkish metropolis of Istanbul is expected to welcome 20 million visitors in total this year, up from 17.4 million foreign tourists last year and more than 16 million visitors in 2022, continuing the upward trend seen in the post-Covid era in tourist flows. In the first five months of 2024, around 7 million international […]

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Accor: record financial results for 2023 | EBIDTA over €1 billion

-Results above forecasts for 2023, confidence in growth prospects for 2024 Driven by solid demand in 2023, Accor managed to set new records in terms of operational and financial performance. All regions and segments enjoyed strong growth thereafter in 2022, a year marked as a recovery year after the Covid pandemic. All performance metrics were […]

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COVID-19: Council agrees to extend the Regulation establishing the EU Digital Certificate

The Permanent Representatives Committee (Coreper) formally endorsed the Council’s negotiating mandate with the European Parliament to extend the Regulation establishing the EU Digital COVID Certificate. The Digital COVID Certificate has played an important role in facilitating the free movement of people during the pandemic. And the principle of gradually lifting travel restrictions if the epidemiological […]

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WTTC: U.S. Travel & Tourism saw labor shortfall of almost 700,000 in 2021

A new analysis of staff shortages by the World Travel & Tourism Council (WTTC), which represents the global private Travel & Tourism sector, reveals the sector realized a U.S. labor shortfall of almost 700,000 workers during 2021. According to the report, the outlook for 2022 is only slightly more positive, with approximately 480,000 direct* U.S. Travel […]

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SUMMER 2021: The European Hotel Industry on a path to recovery

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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UNWTO: International travel largely on hold despite uptick in May

The biggest crisis in the history of tourism continues into a second year. Between January and May, international tourist arrivals were 85% below 2019 levels (or a 65% drop on 2020), UNWTO data shows. Despite a small uptick in May, the emergence of COVID-19 variants and the continued imposition of restrictions are weighing on the […]

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Lybra: The European travel market is finally open for business

Thanks to a general improvement in the health situation, Europe can -albeit, with due caution- begin speaking about a recovery of the travel industry in the region: thanks to the slowdown in infections and the spread of vaccines, European countries are loosening travel restrictions and reopening their borders, according to the Lybra company. In the […]

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COVID-19: Coreper endorses political agreement on the EU digital COVID certificate to facilitate free movement

The Council’s Permanent Representatives Committee (Coreper) today gave its unanimous support to the political agreement reached with the European Parliament on 20 May on the EU digital COVID certificate. The aim is to facilitate safe and free movement during the COVID-19 pandemic by providing proof that a person has either been vaccinated against COVID-19, received […]

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