Coronavirus and Travel

It's not just Chinese tourists who aren't visiting Europe anymore. Expect the economic losses to steepen.

Willie Walsh has accumulated decades of experience across the aviation industry, and he's big enough to admit he's made mistakes in the past. The situation looks bleak at the moment, but what happens when the market recovers?

With the impacts of climate change already upon us, the tourism sector will soon be forced to take aggressive actions to curb its carbon emissions. Because inaction is increasingly not an option.

Marriott was already having trouble in Asia-Pacific in 2019 before the coronavirus impact hit. The company isn't forecasting a major impact outside of Asia, and it's already reopening hotels inside China. It pays to collect fees — and not actually own or run hotels — during a crisis like this.

Online travel agency eDreams Odigeo has been pretty explicit in its bookings breakdown. Similar businesses should also expect a rocky few months ahead as the world deals with the outbreak and spread of coronavirus.

Could investors be whispering in Glenn Fogel's ears that what's good for Barry Diller's Expedia Group might be beneficial for Booking Holdings as well? Booking Holdings is usually a first mover in such online travel initiatives, but in this case, when it comes to cost cutting, it appears as though Booking Holdings heard the rumblings emanating from Expedia Group's Seattle headquarters.

If — or more likely when — coronavirus hits the United States, few travelers will act rationally. That's bad news for U.S. airlines, which could be flying empty airplanes in the not-too-distant future.

Radisson Hospitality AB doesn't have a large number of guests from China or elsewhere in Asia staying in its hotels, so for now it isn't seeing much of an effect. That could change though, if the outbreak worsens in Europe.

As hotel occupancy plunges to a single digit, Hong Kong’s leadership toward one of its most important industries is being put to the test during the coronavirus crisis. So is the leadership of hotel CEOs in keeping their companies whole.

Diller and Kern are taking an ax, as promised, to Expedia Group's payroll. This could be just the first round, and the thinking might be: Why sell to private equity, have those folks squeeze out the cost savings, and reshape the business when we can do it ourselves?