Articles tagged “omicron variant”

News Blog

Norwegian Cruise Line Posts a $1 Billion First-Quarter Loss

Norwegian Cruise Line Holdings Ltd has reported a net loss of $1 billion for the first quarter of this year, as the Omicron variant hit sailings. The Russia-Ukraine conflict also resulted in the cancellation or modification of 60 sailings, which included all voyages with calls to ports in Russia. However, the result is an improvement…

Matthew Parsons | 2 years ago

Skift Meetings

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.

2 years ago
Events Industry Confronts Yet Another Wave of Covid

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.

Matthew Parsons | 2 years ago

Indian Online Travel Agency Yatra Looks to Raise Up to $100 Million From IPO

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.

Cameron Sperance | 2 years ago

European Hotel Performance Tumbles Since Ukraine War

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.

Matthew Parsons | 2 years ago

Europe’s Room Rates Still Above 2019 Prices for Half-Empty Hotels

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.

Cameron Sperance | 2 years ago

Marriott Rode Leisure Travel Trends to a $1 Billion Profit Last Year

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.

Cameron Sperance | 2 years ago

U.S. Hotels Show Surprising Hiring Boost in Omicron-Heavy January

Travel Technology

Travel Bookings Seesawed More Under Omicron, Tech Data Reveals

Recent U.S. travel data contains signs of optimism for 2022.

Sean O'Neill | 2 years ago

Travel Bookings Seesawed More Under Omicron, Tech Data Reveals

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.

Matthew Parsons | 2 years ago

Subscriptions Make Gains for Laptop-Lugging Remote Workers — Deloitte

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.

Cameron Sperance | 2 years ago

Omicron Finally Stings Across All 3 of the World’s Largest Hotel Markets