Articles tagged “omicron variant”
Coronavirus
Events Industry Confronts Yet Another Wave of Covid
The new Omicron subvariant BA.2 is on the radar of event planners as the number of worldwide cases ticks up. According to the Centers for Disease Control and Prevention , this new variant is even more contagious than the last strain of Omicron.
Business Travel
Indian Online Travel Agency Yatra Looks to Raise Up to $100 Million From IPO
Long-struggling Yatra picked the day before India reopened its borders to kickstart its public listing plan. It's now got one year to convince investors online travel is the future in India.
Coronavirus
European Hotel Performance Tumbles Since Ukraine War
It's still only one data point, but Europe's softened hotel performance is a warning signal to major hotel company executives who previously tried to downplay the impact the Ukraine War would have on their European portfolios.
Business Travel
Europe's Room Rates Still Above 2019 Prices for Half-Empty Hotels
Many predicted business travelers would cut back on the number of trips they take, opting for longer stays instead. That prophecy's come true, with five-star hotels benefiting most from their higher rates.
Coronavirus
Marriott Rode Leisure Travel Trends to a $1 Billion Profit Last Year
The U.S. recovery fueled Marriott's profitable fourth quarter and entire 2021. But weaker performance in China isn't deterring the company from wanting to have more hotels there and other international markets. Real estate is a long-term play.
Coronavirus
U.S. Hotels Show Surprising Hiring Boost in Omicron-Heavy January
It was an unexpected sign of hiring strength for U.S. hotels at the beginning of 2022, but the industry still needs to find ways to close a labor shortage gap before the busy summer travel season.
Travel Technology
Travel Bookings Seesawed More Under Omicron, Tech Data Reveals
Recent U.S. travel data contains signs of optimism for 2022.
Business Travel
Subscriptions Make Gains for Laptop-Lugging Remote Workers — Deloitte
The consulting giant hones in on corporate travel and remote work trends in its latest annual tourism outlook, while labor shortages also dominate the year ahead.
Coronavirus
Omicron Finally Stings Across All 3 of the World’s Largest Hotel Markets
Leisure travel can only do so much. The lack of business travel finally pushed the nose down on U.S. hotel performance during the latest coronavirus variant.