Tag Archives: crisis

Kiroro steps up as leader in hospitality and tourism industry during global crisis

Kiroro steps up as leader in hospitality and tourism industry during global crisis

The post Kiroro steps up as leader in hospitality and tourism industry during global crisis appeared first on TD (Travel Daily Media) Travel Daily.   Kiroro, a world-class resort tucked away in the heart of Hokkaido, has endured one of its greatest challenges during the COVID-19 crisis.  As a result of the pandemic sweeping the […]

Vacation rental revenues halved amid COVID-19 crisis

Vacation rental revenues halved amid COVID-19 crisis

The post Vacation rental revenues halved amid COVID-19 crisis appeared first on TD (Travel Daily Media) Travel Daily. Over the years, the vacation rental industry became a huge business, with millions of tourists choosing fully furnished homes or apartments instead of a traditional hotel or motel experience. However, the COVID-19 outbreak caused an enormous financial […]

TAAI fears total collapse of airlines already staring at existential crisis

TAAI fears total collapse of airlines already staring at existential crisis

Reacting to Supreme Court ruling directing airlines to refund travel agents for tickets booked through them while accepting Directorate General of Civil Aviation (DGCA) recommendation, the Travel Agents Association of India (TAAI) says this verdict maintains status quo to the previous suggestion by aviation regulator. “Nothing really to appease our challenges and multiple communications and […]

IATA: Looming cash crisis threatens airlines

IATA: Looming cash crisis threatens airlines

The International Air Transport Association (IATA) warned that the airline industry will burn through $77 billion in cash during the second half of 2020 (almost $13 billion/month or $300,000 per minute), despite the restart of operations. The slow recovery in air travel will see the airline industry continuing to burn through cash at an average […]

Beyond the COVID Crisis: The Future of Sustainable Tourism

Beyond the COVID Crisis: The Future of Sustainable Tourism

The organizers and sponsors of the annual World Tourism Awards will present a Virtual Live Discussion, Beyond the COVID crisis: the future of Sustainable Tourism as part of WTM Virtual’s event program on Tuesday, November 10, 16:00-17:00 hrs GMT (11 AM -12 noon EST). Peter Greenberg, CBS News Travel Editor, multi-Emmy Award-winning investigative reporter and […]

Venice postpones new tourist levy till 2022 over COVID-19 crisis

Venice postpones new tourist levy till 2022 over COVID-19 crisis

Venice city authorities announced that the city would postpone the launch of a new tourist levy as it tries to recover from the COVID-19 crisis that has shattered visitor numbers. “In light of the current situation, linked to the COVID-19 pandemic, we have decided to make a big gesture to help encourage the return of […]

Sighting the opportunity for travel in the COVID crisis

Sighting the opportunity for travel in the COVID crisis

The annual 40th World Travel Mart (WTM) was held in London from 09-11 November 2020, speaking at WTM Virtual, Taleb Rifai, Chairman, International Tourism & Investment Conference (ITIC) and Former Secretary-General, UNWTO, discusses travel revival and how governments should work with the private sector to build the industry back. The Chinese, they say, have the […]

SKÅL Bangkok’s Wood warns of a deepening Thailand tourism crisis

SKÅL Bangkok’s Wood warns of a deepening Thailand tourism crisis

Andrew J Wood BANGKOK: It is becoming increasingly evident that the damage being inflicted to Thailand’s massive travel and tourism industry is proving to be critical with deep long lasting structural economic damage that is set to worsen rather than improve. With the current official mindset of allowing the industry, that employs millions in Thailand, […]

Russia extends financial support for its airlines during COVID-19 crisis

Russia extends financial support for its airlines during COVID-19 crisis

Russia’s Prime Minister announced today that the country’s government has extended subsidy programs to support airports and airlines amid the COVID-19 pandemic. “The government decided to extend the programs to subsidize airports and airlines, to increase the amount of state support for carriers, and the corresponding government decree has already been signed,” Prime Minister said. […]

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