Coronavirus Travel News

Coronavirus

What the $2 Trillion U.S. Stimulus Package Means for Travel Businesses

Lots of travel brands are eligible to earn U.S. government money through the so-called CARES Act. But firms will need to move fast to get their share. Here's how it could all shake out.

Brian Sumers, Skift | 4 years ago

Coronavirus

Airbnb CEO Apologizes to Hosts With a $260 Million Relief Package

Airbnb initially made a pro-guest decision on refunds, but it now realizes its policy and its outreach to hosts was clumsy and unsatisfactory. Hosts still won't be pleased, but the optics and financials aren't as bad as before.

Dennis Schaal, Skift | 4 years ago

Coronavirus

U.S. Hotels Will Need More Than What’s in the $2 Trillion Relief Package: Industry Trade Group CEO

While the federal relief package aimed at protecting small businesses and workers during the coronavirus economic downturn passed with impressive speed, it isn't a hotel industry silver bullet. The measure is likely just a first legislative step in getting hotels back to performance levels needed to return tens of thousands of furloughed employees to their jobs.

Cameron Sperance, Skift | 4 years ago

Coronavirus

EasyJet Grounds Entire Fleet, Furloughs Crew After Finishing Rescue Flights

The airline is taking full advantage of the UK government's job retention scheme, but with 500 planes out of action, the blow to the economy will be felt.

Matthew Parsons, Skift | 4 years ago

Coronavirus

Qatar Airways Is Burning Through Cash and Will Have to Seek Government Support

With coronavirus, airlines around the world are asking for government bailouts. Qatar is no different as it keeps flying even as some of its rivals are grounded.

Alexander Cornwell, Reuters | 4 years ago

Coronavirus

U.S. Airlines Under a Bailout and 14 Other Must-Read Coronavirus and Travel Stories This Week

In a new roundup of coronavirus-related news, we look at how the airlines will handle having the U.S. government as a shareholder under an economic stimulus package. Plus, the latest on hotels deals and financing. It's not pretty. And Skift Research looks at the eventual opportunities for venture capital in travel that may come from this crisis.

Tom Lowry , Skift | 4 years ago

Coronavirus

Tourist-Strapped Dubai Could Need a Coronavirus Bailout From Abu Dhabi

Dubai relies on tourism to keep its economy booming, but coronavirus halted business and threatens the city's Expo 2020 planned for later this year. If travelers continue to stay at home, the UAE city could once again turn to the neighboring emirate of Abu Dhabi for a bailout.

Aziz El Yaakoubi and Davide Barbuscia, Reuters | 4 years ago

EventMB

The Event Industry Will Remember

4 years ago

Coronavirus

Pregnant Short-Term Rental CEO on Facing Work-Life Challenges During the Pandemic

Even in a time of uncertainty, new trends and opportunities are emerging, and startup founders are carrying on with the business of building companies, as well as families. Over the next 12 months, companies that can show strong unit economics, counter-cyclical resiliency and resourcefulness will rise to the top.

Rena Pacheco-Theard, Skift | 4 years ago

Coronavirus

Russia Closes State-Run Hotels, Resorts Over Rising Coronavirus Cases

Russia has gone into tourism lockdown to combat coronavirus, including closing state-run recreational areas and hotels and halting all international flights. But the country's other problem is that a majority of its residents do not believe government figures, which show the number of coronavirus cases within Russia has only just surpassed 1,000.

Alexander Marrow and Tom Balmforth, Reuters | 4 years ago