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Coronavirus and Travel

Meetings

Event Tech Poised to Take Center Stage Amid Virus Impact on Meetings Biz

Global trade show cancellations have eclipsed the 500 mark, causing a major economic impact on the events industry. All eyes are now turning to event tech to connect audiences and help companies track the status of their own meetings.

Lauren Ward, Skift | 4 years ago

Event Tech Poised to Take Center Stage Amid Virus Impact on Meetings Biz

Airlines

United’s New Refund Policy: One More Reason to Stay Home

United Airlines can do anything it wants to save its business. But we caution the airline against changing the rules after people buy tickets. Do that enough, and travelers will stop trusting you.

Brian Sumers, Skift | 4 years ago

United’s New Refund Policy: One More Reason to Stay Home

Business Travel

Egyptian Tourism Entrepreneur Buys Stake in TUI

One of Warren Buffett's best known bits of investment advice is: "Be fearful when others are greedy and greedy when others are fearful.” The fundamentals for TUI still look good, so Hamed El Chiaty might have just struck a bargain deal for himself.

Patrick Whyte, Skift | 4 years ago

Egyptian Tourism Entrepreneur Buys Stake in TUI

Tourism

India Shuts Down Border With Myanmar, Extends Travel Restrictions

Even though Myanmar has no reported cases of coronavirus, India is making the prudent move to shut down the border, knowing full well the limitations of its health care system if a full-blown outbreak should spread across the country of 1.4 billion people.

Shilpa Jamkhandikar, Reuters | 4 years ago

India Shuts Down Border With Myanmar, Extends Travel Restrictions

Airlines

Cathay Pacific Warns of Big Loss as It Battles ‘Unprecedented Challenge’

Chairman Patrick Healy's comments are pretty eye-opening, basically admitting that the airline has no control over the situation. Like other airlines across the world, Cathay Pacific just has to hope this blows over quickly.

Jamie Freed, Reuters | 4 years ago

Cathay Pacific Warns of Big Loss as It Battles ‘Unprecedented Challenge’

Business Travel

Business Travel Sector to Take a $820 Billion Virus-Related Revenue Hit: Survey

While China accounts for nearly half of the losses in the global business travel sector to date, the coronavirus impact on the sector is likely to deepen as more companies in the U.S. and Europe nix travel in the days ahead.

Bhargav Acharya, Reuters | 4 years ago

Business Travel Sector to Take a $820 Billion Virus-Related Revenue Hit: Survey

Business Travel

Debt-Laden Samsonite Reels From Coronavirus Crisis Aftershocks

By itself, the coronavirus scare needn't be like kryptonite to Samsonite, which has high gross margins. But the long-term double whammy of supply shocks (due to factory closings) and demand shocks (due to travelers pulling back on spending) may reduce the company's ability to pay interest on its heavy debts.

Sean O'Neill, Skift | 4 years ago

Debt-Laden Samsonite Reels From Coronavirus Crisis Aftershocks

Coronavirus

What Would a U.S. Travel Sector Bailout Look Like?

It's looking increasingly like the battered U.S. travel sector will be bailed out by the U.S. government. A recession's impact on small businesses in the travel sector, though, is extremely worrisome.

Andrew Sheivachman, Skift | 4 years ago

Airlines

U.S. Airlines Cut Flights as Many Corporations Limit Travel

Coronavirus is a disaster for U.S. airlines. Some executives compare its impact to the fallout after 9/11. The big question is how long will it last? Airlines hope the revenue dip will be short-term.

Brian Sumers, Skift | 4 years ago

Coronavirus

Nothing Could Stop the Cruise Industry — Then Came Coronavirus

The cruise industry has weathered a lot of bad news unscathed. But the coronavirus crisis seems different. This could be a seminal moment for the industry — and not in a good way.

Rosie Spinks, Skift | 4 years ago

Nothing Could Stop the Cruise Industry — Then Came Coronavirus