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Articles tagged “coronavirus”

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.

4 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.

8 hours ago

U.S. Relief Package Fails Larger Corporate Travel Agencies: Travel and Transport CEO

U.S. Relief Package Fails Larger Corporate Travel Agencies: Travel and Transport CEO

Matthew Parsons, Skift

Kevin O’Malley has joined forces with the biggest agencies in a new lobbying group, but with the virus escalating, it's not guaranteed they'll be able to bend the ear of Washington.

10 hours ago

TUI Scraps Vacation Packages Until Mid-May and Cruises Until June

TUI Scraps Vacation Packages Until Mid-May and Cruises Until June

Sarah Young, Reuters

The UK's biggest travel firm has paused and canceled all hotel stays and vacation packages until May 14. It has put Marella Cruises sailings on hold until June. A new TUI River Cruise product won't start until November. Sensible.

10 hours ago

Coming This Week: The Long View Livestream on Hotel Owners and Investors Recovery Cycle Ahead

Coming This Week: The Long View Livestream on Hotel Owners and Investors Recovery Cycle Ahead

Rafat Ali, Skift

What does the current crisis mean for the hotel owners and investors? Alan Woinski has understood the pulse of the lodging sector for 25-plus years, and I am keen on hearing lessons and learnings ahead. Join me this Friday.

12 hours ago

Coronavirus Threat Hangs Over Tourism-Reliant Pacific Islands as Powerful Cyclone Batters Region

Coronavirus Threat Hangs Over Tourism-Reliant Pacific Islands as Powerful Cyclone Batters Region

Yasmine Bjornum, Guardian

The coronavirus storm, if it makes landfall on these vulnerable Pacific island nations, could trigger a second wave of hardship for these tourism-oriented economies.

15 hours ago

Economy Extended Stay Is the Strongest of the Weak U.S. Hotel Sector in March

Economy Extended Stay Is the Strongest of the Weak U.S. Hotel Sector in March

Cameron Sperance , Skift

U.S. economy extended stay hotels continue to see relatively strong performance levels during the coronavirus downturn, while offering rooms for emergency services could maintain numbers from dipping as the crisis continues.

1 day ago

Here’s What Will Happen Next to Corporate Airfares

Here’s What Will Happen Next to Corporate Airfares

Matthew Parsons, Skift

In most cases it’s too soon to lock in future rates. But for those with creative minds, there are gains to be made in figuring out what might happen next.

1 day ago

Korean Air Asks 70 Percent of Employees to Take Partially Paid Leave

Korean Air Asks 70 Percent of Employees to Take Partially Paid Leave

Joyce Lee, Reuters

South Korea's largest carrier is in trouble — and it is pleading for government assistance.

1 day ago

This European Airline CEO Says There Will Be No Quick Fixes

This European Airline CEO Says There Will Be No Quick Fixes

Brian Sumers, Skift

As an airline that is 80 percent owned by the Latvian government, perhaps Air Baltic wasn't the most nimble carrier. But that government support will be vital over the next 18 months.

1 day ago

Thailand’s TakeMeTour to Ride Out Crisis Storm Selling Its Tech Expertise to Other Businesses

Thailand’s TakeMeTour to Ride Out Crisis Storm Selling Its Tech Expertise to Other Businesses

Xinyi Liang-Pholsena, Skift

The surge in adoption of new practices and technologies could be the silver lining for travel firms determined to come out on the other side of the coronavirus crisis.

2 days ago

Air France-KLM Seeks $6.5 Billion Lifeline From Government

Air France-KLM Seeks $6.5 Billion Lifeline From Government

Maya Nikolaeva, Reuters

The proposed bank loans effectively double the airline's coffers, giving it some much-needed breathing space.

2 days ago