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Articles tagged “ukraine”

News Blog

Egypt on Track to Double Tourism Revenue to $12 Billion

Tourism revenues are expected to reach between $10 billion and $12 billion for Egypt's fiscal year, which runs from July 1 to June 30. Revenue was $6 billion to $7 billion in 2021, its deputy tourism minister said last year.  According to reports, finance minister Mohamed Maait also said the war in Ukraine was unlikely…

Matthew Parsons | 2 years ago

Airlines

Ryanair’s Annual Loss Highlights Europe’s Ongoing Uncertainty

"Fragile" isn't a word you'd associate with the normally boisterous Michael O'Leary, but these are still uncertain times and this is how the boss of Ryanair perceives Europe this summer.

Conor Humphries and Padraic Halpin, Reuters | 2 years ago

Ryanair’s Annual Loss Highlights Europe’s Ongoing Uncertainty

News Blog

Europe to Stage Full Domestic Tourism Recovery This Year; International Won’t Fully Return Until 2025

Europe is predicted to make a full domestic tourism recovery in 2022, and internationally by 2025. That's according to a new report from the European Travel Commission. While domestic travel is projected to make a complete recovery this year, international arrivals to Europe are forecast to be 30 percent below 2019 volumes, due to the…

Matthew Parsons | 2 years ago

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

Airline Weekly

AirBaltic Leases Ukrainian Aircraft Due to Shortage of Airbus Spare Parts

AirBaltic is not just helping out an idled peer in its deal to lease an aircraft from Ukraine International Airlines this summer. It's also an example of how bad the global supply chain issues are.

2 years ago
AirBaltic Leases Ukrainian Aircraft Due to Shortage of Airbus Spare Parts

Tourism

Russia Withdraws From UN Tourism Organization After Suspension Threat

Russia may have pulled out, but the vote will still go ahead as without this formal process the suspension won't be immediate. If it goes through, expect more international organisations to follow suit.

Corina Pons, Reuters | 2 years ago

Russia Withdraws From UN Tourism Organization After Suspension Threat

Tourism

Nepal’s Tourist Shortfall Continues to Hammer Its Economy

An economic crisis is looming, with the nation's recovery now hampered by inflation and rising oil and coal prices in the wake of the Ukraine war. Not exactly a welcoming pitch for tourists.

Gopal Sharma, Reuters | 2 years ago

Nepal’s Tourist Shortfall Continues to Hammer Its Economy

Airlines

Russia Drops Covid Rules to Allow Flights to ‘Friendly’ Countries

China, Peru, Argentina and South Africa didn't join the latest wave of sanctions on Moscow over its invasion of Ukraine. How will the rest of the world now view these countries? From a travel and tourism perspective, expect a severe backlash.

Raissa Kasolowsky and Grant McCool, Reuters | 2 years ago

Hotels

Full Video: Accor CEO at Skift Forum Europe 2022

Accor's Sébastien Bazin is one of the rare travel industry executives who can hold a room rapt with his every word. In this video, the CEO explains some of the thinking behind his company's boldest decisions.

Sean O'Neill | 2 years ago

Full Video: Accor CEO at Skift Forum Europe 2022

Business Travel

Business Traveler Anxieties Ripple Across Eastern Europe

Many company crisis teams with a presence in the region are addressing issues that today go way beyond the logistical challenges of evacuations.

Matthew Parsons | 2 years ago

Business Traveler Anxieties Ripple Across Eastern Europe