Subterms
The UK hotel sector’s traditionally strong domestic leisure demand bodes well for its recovery once lockdown measures from Covid-19 are fully lifted, according to a new report from global hotel consultancy HVS. However, the report outlines that hotels in the capital and other gateway cities, with heavier reliance on international travellers and corporate bookings, are […] More
The United Nations World Tourism Organisation (UNWTO) has released a set of guidelines designed to help the sector emerge stronger and more sustainably from Covid-19. The guidelines highlight the need to act decisively, to restore confidence and, as UNWTO strengthens its partnership with Google, to embrace innovation and the digital transformation of global tourism. The […] More
KPMG has been appointed as administrator to luxury travel business Jacada Travel as the company enters liquidation. Founded in London in 2007 and employing 52 members of staff, the company specialised in responsible luxury holidays to destinations around the world, to a predominantly US customer base. Steve Absolom and Will Wright will lead the process. […] More
The World Travel & Tourism Council (WTTC) has launched a global safety and hygiene stamp. The stamp will allow travellers to recognise governments and businesses which have adopted global hygiene protocols. The move has received the backing of the United Nations World Tourism Organisation (UNWTO). Eligible businesses such as hotels, restaurants, airlines, cruise lines, tour […] More
The International Air Transport Association has released its latest analysis showing the airline industry’s global debt could rise to $550 billion by year-end. That is a $120 billion increase over debt levels at the start of 2020. Some $67 billion of the new debt is composed of government loans ($50 billion), deferred taxes ($5 billion), […] More
The World Tourism Organisation (UNWTO) has joined forces with CNN International for a new initiative designed to inspire people to get ready to travel again. The #TravelTomorrow campaign combines the key message of the United Nations specialised agency with the creativity of the broadcaster and looks to a brighter future for global tourism and those […] More
The Competition & Markets Authority (CMA) has widened an investigation into unfair refund policies to include package holidays. The government body last month said it would examine concerns over cancellation policies across the hospitality industry. With airlines and travel agents in some cases offering vouchers instead of the cash refunds consumers are legally entitled to, […] More
On the Beach Group will seek to raise £67.3 million in a share placing as the company positions to survive the collapse in travel surrounding the coronavirus pandemic. The online beach holiday retailer is offering a total of 26,143,500 shares at a price of 257.5 pence each. They have been placed with joint bookrunners Numis […] More
