Articles tagged “ukraine”

Tour Operators

Tour Operators Commit to Cancelling Russia Trips for Rest of 2022

More and more tour operators view conducting business in Russia as toxic, and more importantly, prospective guests largely consider the country unsafe. So as long as Russia continues to wage war, there's no rush for tour operators to make immediate plans to return.
Tour Operators

Russian Oligarch Resigns From TUI Group Board After EU Sanctions

Mordashov's resignation from the TUI Group supervisory board has to be a tremendous relief to the world's largest tour operator, which can now in large part get on with its business. However, there is a substantial hangover: With his shares frozen, Mordashov still remains TUI Group's largest shareholder.
Tourism

The Impact of Missing Russia and Ukraine Outbound Tourists

This once resilient group of travelers is unlikely to bounce back anytime soon after all the global sanctions. It's too early to determine the broader impact of the absence of Russian and Ukrainian tourists, but it will be felt — whether through the loss of revenue for seaside resorts or more broadly from a new cloud of uncertainty for travel.
Experiences

Expedia Ceases Sales to and From Russia

Expedia Group stepped out of the pack and ceased offering travel to and from Russia because of Putin's invasion of Ukraine. The company doesn't have a ton of Russia-related business, so even if the move is more symbolic than anything else, it is an important statement.
Tour Operators

TUI Group's Largest Shareholder Hit With European Union Sanctions

How will TUI Group respond to the European Union's sanctions against the tour operator's largest shareholder? The issue goes beyond any potential financial fallout and becomes one of corporate responsibility and the integrity of the TUI Group brand.