Subterms
Expedia has unveiled plans to raise US$3.2 billion in new capital as international travel stalls in the midst of the coronavirus pandemic. The funds are comprised of an equity investment of US$1.2 billion by Apollo and Silver Lake, two private equity firms, and $2 billion in new debt financing. The equity will be non-voting and […] More
The tourism sector faces a staggering 100 million jobs losses due to the coronavirus pandemic, according to the World Travel & Tourism Council. The startling figure, based on research from WTTC, has increased by over 30 per cent in the last four weeks, indicating the sheer crisis affecting the sector. WTTC has alerted G20 tourism […] More
All operations at the airline and tour operator are currently suspended for an indeterminate period of time, though holidays from June 17th remain on sale. More
Pioneered to mark the 40th anniversary of the London Marathon, the challenge asks participants to complete an activity based around the numbers 26 or 2.6. More
Carla James will succeed the current director, Brian Mullis, on May 1st following the conclusion of his two-year contract and becomes the first ever indigenous woman to assume the position. More
Mark Tanzer, chief executive of ABTA, encouraged passengers to take credit notes as a short-term measure to prevent agents from going bust. Today he doubled down on the request, arguing the topic has attracted an “increasing focus” this week. More
The World Travel & Tourism Council has called upon G20 tourism ministers to lead a united and coordinated recovery for the sector out of the Covid-19 crisis. The body, which represents the global tourism private sector, argues only the G20 has the power to influence and drive forward a coordinated recovery effort needed to preserve […] More
New figures from the Pacific Asia Travel Association suggest international visitor numbers to the region are likely to fall by 32 per cent year-on-year during to the coronavirus pandemic. Considering the impact of the Covid-19 outbreak, the volume of arrivals is now expected to reduce to fewer than 500 million this year. That effectively takes […] More
