Articles tagged “currency”

A Stronger Baht Worries the Thai Tourism Industry

A Stronger Baht Worries the Thai Tourism Industry

Siraphob Thanthong-Knight, Bloomberg

Thailand's private sector frets about the baht being so strong, deterring tourism recovery. That's happened before but Thai tourism grew and grew. No need to be frightened.

4 months ago

In Latest Brexit Woe, UK’s On the Beach Travel Sales Plunge

In Latest Brexit Woe, UK’s On the Beach Travel Sales Plunge

John Lauerman and Lisa Pham, Bloomberg

A drop in the value of the British pound relative to the euro and the dollar is pressuring On the Beach. Smaller players like this UK-based packaged-vacation seller can't afford the currency hedges and other benefits of scale that larger players can. More industry consolidation is likely as a result.

6 months ago

Why Ebix Wants to Buy India’s Corporate Travel Player Yatra for $336 Million

Why Ebix Wants to Buy India’s Corporate Travel Player Yatra for $336 Million

Sean O'Neill, Skift

Ebix has made a generous takeover bid for Yatra, a corporate travel services provider and online travel agency, to create one of India’s largest end-to-end travel services businesses. Ebix's shrewd CEO Robin Raina is cornering the rare travel segments in India that aren't facing fierce price wars, namely, corporate travel services and currency exchange.

10 months ago

Argentina’s Currency Crisis Creates Affordable Luxury for Visitors

Argentina’s Currency Crisis Creates Affordable Luxury for Visitors

Patrick Gillespie, Bloomberg

Argentina's currency crisis might be good news for international bargain-seeking visitors, but Argentine citizens are seeing their own trips grow too expensive.

1 year ago

Turkey’s Weak Economy Entices Travelers With Good Deals

Turkey’s Weak Economy Entices Travelers With Good Deals

Dan Peltier, Skift

Travelers love nothing more than a good deal, and that's exactly what much of Turkey is offering right now. A cooling economy has travelers striking while the iron is hot.

1 year ago

Chinese Airlines and Luxury Retailers Stung by Shifting Currency Exchange Rates

Chinese Airlines and Luxury Retailers Stung by Shifting Currency Exchange Rates

Jeanny Yu and Amanda Wang, Bloomberg

China has been letting the value of its currency weaken to a six-month low as a response to a simmering trade war with the U.S. But that move is hurting domestic airlines and luxury retailers outside the mainland.

2 years ago

Scandic Hotels Hopes Currency and Warm Weather Will Help Fill Beds This Summer

Scandic Hotels Hopes Currency and Warm Weather Will Help Fill Beds This Summer

Hanna Hoikkala and Niklas Magnusson, Bloomberg

Scandic Hotels isn't just counting on summer heat and a weak krona to put more heads in beds this summer. It's also investing in its digital and customer experiences that could also entice people to book stays.

2 years ago

How These Currency Fluctuations Will Boost Tourism This Summer

How These Currency Fluctuations Will Boost Tourism This Summer

Ben Bartenstein, Bloomberg

It's the upside to currency fluctuations. While the local economies suffer, for the most part, when the value of the currency drops, it does make those locations more attractive to foreign travelers because of exchange rates. Here's hoping for a robust summer vacation season.

2 years ago

British Airways Owner Feels Profit Pinch From Weak Pound

British Airways Owner Feels Profit Pinch From Weak Pound

Benjamin Katz, Bloomberg

Even though IAG is still predicting a rise in full-year profits, its third quarter performance shows that it can't fully shield itself from the impact of Brexit. Still, given the current climate you'd expect its weaker rivals are looking on enviously.

3 years ago

A Stronger Yen Is a Major Concern for a Luxury Tokyo Hotelier

A Stronger Yen Is a Major Concern for a Luxury Tokyo Hotelier

Katsuyo Kuwako, Gareth Allan, and Finbarr Flynn, Bloomberg

Fluctuations in currency can often have a bigger impact than we might think on a destination's tourism business. The bigger question, though, centers on what the city is doing to address its shortage of hotels, especially in view of the upcoming 2020 Tokyo Olympics.

3 years ago

Amid Nigerian Currency Crisis, At Least One Airline is Finally Getting Paid

Amid Nigerian Currency Crisis, At Least One Airline is Finally Getting Paid

Bella Genga, Bloomberg

This might be too little, too late. Some major airlines, including United, have slashed flights to Nigeria because they could not repatriate ticket revenues. Those flights likely won't come back any time soon.

4 years ago

American Airlines Won’t Accept Argentina’s Currency for Airline Tickets

American Airlines Won’t Accept Argentina’s Currency for Airline Tickets

David Koenig, Associated Press

Airlines don't make moves like this until they've exhausted every available alternative. Hopefully it will be a wakeup call for Argentina's new leadership.

4 years ago