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Hong Kong’s Top Tourism Executive Plans Marketing Blitz to Revive Travel by July

Hong Kong’s Top Tourism Executive Plans Marketing Blitz to Revive Travel by July

Donny Kwok, Reuters

Given Hong Kong's decimated tourist appeal due to coronavirus and months of anti-government protests, the Hong Kong Tourism Board has several obstacles to clear ahead of a recovery.

2 hours ago

Assessing the Coronavirus Damage to Online Travel: New Skift Research

Assessing the Coronavirus Damage to Online Travel: New Skift Research

Seth Borko, Skift Research

The online travel industry is marginally better positioned to deal with this current outbreak than many of their suppliers in the hotel and airline industry. Still, the damage will get worse — and be severe and long-lasting.

3 hours ago

Leisure Travel Comes Back First as Drive-To Rather than Fly-To: Pebblebrook Hotel Trust CEO

Leisure Travel Comes Back First as Drive-To Rather than Fly-To: Pebblebrook Hotel Trust CEO

Cameron Sperance, Skift

It's hard to expect a V-shaped rebound for the hotel industry, but improvements to coronavirus testing could accelerate the L-shaped recovery, anticipates Jon Bortz, the CEO of a large hotel ownership group.

3 hours ago

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Preparing for a Post COVID-19 World: 4 Ways Travel Brands Can Learn from Past Events

Preparing for a Post COVID-19 World: 4 Ways Travel Brands Can Learn from Past Events

Publicis Sapient + Skift

It’s uncertain what the future holds for the travel industry. But there are some actions that companies can put into place now to prepare for the months and years ahead in a post-COVID-19 world.

4 hours ago

Issue Refunds Not Vouchers, European Union Tells Airlines

Issue Refunds Not Vouchers, European Union Tells Airlines

Kate Abnett and Marine Strauss, Reuters

At first glance, the call is similar to the one recently made by the U.S. Department of Transportation — the difference is the European Union will support vouchers if backed by a governmental fund, which would address nervousness by customers that if an airline goes under, so too does their money.

5 hours ago

String of Crises Puts Asian Hotelier Ovolo’s Brand of Creativity to Test

String of Crises Puts Asian Hotelier Ovolo’s Brand of Creativity to Test

Xinyi Liang-Pholsena, Skift

There’s no avoiding the blow the coronavirus pandemic is causing the hospitality sector. Creative marketing could be one way to soften the pain for hoteliers while they strategize their business continuity plans amid the crisis.

5 hours ago

Airbnb Blocks Bookings in UK Except for Key Workers

Airbnb Blocks Bookings in UK Except for Key Workers

Alistair Smout, Reuters

By taking action at the urging of UK's tourism minister, Airbnb has rightly been forced to assume responsibility for the bad behavior of its hosts.

6 hours ago

Chinese Travelers Vacation Close to Home After Coronavirus Brought Under Control

Chinese Travelers Vacation Close to Home After Coronavirus Brought Under Control

Se Young Lee and Stella Qiu, Reuters

In the longer run, will the prospect of being quarantined upon their return from overseas holidays deter Chinese travelers from venturing abroad?

6 hours ago

Airbnb’s Valuation Almost Halved to $18 Billion

Airbnb’s Valuation Almost Halved to $18 Billion

Dennis Schaal, Skift

Love it or hate it, you can hardly blame Airbnb for a deflated valuation, although not all of the plunge is coronavirus-related. The pain that is infecting travel and other companies at this moment is boundless.

20 hours ago

Booking Holdings Lays Out an Ominous Financial Outlook

Booking Holdings Lays Out an Ominous Financial Outlook

Dennis Schaal, Skift

If the impact of coronavirus gets worse, and if the company doesn't tap any additional borrowings, Booking Holdings probably has enough money to pays its obligations until the second half of 2021 — but it can't guarantee that will be the case. This has potential chilling implications for weaker competitors, let alone tens of thousands of smaller businesses that will likely be long gone by then.

21 hours ago

Tourism Marketing’s Fight for Survival Offers a Chance for Reinvention

Tourism Marketing’s Fight for Survival Offers a Chance for Reinvention

Rosie Spinks, Skift

There is simply no historical precedent for what the tourism marketing industry is currently going through. Some argue that makes it a perfect time for the industry to reinvent itself.

1 day ago

Oyo Furloughs Thousands of Employees Globally Except for India

Oyo Furloughs Thousands of Employees Globally Except for India

Dennis Schaal, Skift

Oyo put in place a substantial number of furloughs — likely in the thousands — and there are probably many more to come after the India lockdown ends. The Oyo that emerges will look different than the rocket ship of a year ago. Withdrawing from certain markets will certainly have to be under consideration.

1 day ago