The International Air Transport Association has released an updated analysis showing that the Covid-19 crisis will see airline passenger revenues drop by $314 billion in 2020. The figure represents a 55 per cent decline compared to 2019. On March 24th IATA estimated $252 billion in lost revenues (a fall of 44 per cent against last […] More
The World Travel & Tourism Council has released a new report detailing the critical role the industry will have in the economic recovery in the Americas once the Covid-19 pandemic has passed. In its annual Economic Impact Report, the trade body argued tourism accounted for 8.8 per cent of the total economy in the Americas […] More
The Jamaica Tourist Board seeking to help the Caribbean destination fight the spread of Covid-19 with a telethon. The Jamaica, Together We Stand event will take place tomorrow at 15:00 island time. The virtual fundraising concert will feature remote performances by some of leading artists and celebrities from Jamaica, including Koffee, Shaggy, Sean Paul, Maxi […] More
ABTA has postponed its annual travel convention in the wake of the coronavirus pandemic. The Morocco-based event was due to take place in October 2020, and will now be moved until the same time next year. The association will instead hold a UK-based convention at a similar time in the autumn. Following discussion with the […] More
Flight Centre Travel Group has announced a package of initiatives to strengthen its balance sheet and liquidity position. The company has secured a total AUD$900 million through a mix of capital raising and new debt facilities as it battles a downturn in business in the midst of the coronavirus pandemic. The additional funding means the […] More
The Global Business Travel Association has moved its annual conference to the end of the year. The event, which some see as the voice of the global business travel industry, welcomes 7,000 business travel professionals from more than 50 countries across the globe. The 2020 convention was scheduled to take place in Denver from July […] More
Industry wide, travel companies are making staff adjustments to stay operational during the coronavirus-induced existential crisis. This is putting staff commitment under considerable strain, argues data and analytics company GlobalData. A de-motivated workforce will jeopardise the service level provided, in turn affecting the reputation, return on investment and the financial performance of a company. Freezing […] More
Advantage Travel Partnership has announced that it will cancel its annual conference. The decision follows a statement from the Foreign & Commonwealth advising against all non-essential travel to anywhere in the world for the foreseeable future. The conference, which was due to take place from the May 15th at the Savoy Palace in Madeira, will […] More
