Travel

Booking Holdings is the world’s third-largest travel intermediary. It has long been a notable force within travel intermediaries, but the Coronavirus (COVID-19) pandemic and new competitors are challenging its position. The company has invested in ...

Airbnb is the largest short-term rentals and second largest lodging company in the world. The company has seen rapid expansion in multiple markets, driven by travellers’ desire for authentic local experiences. COVID-19’s impact on travel brought ...

Euromonitor International has built a Sustainable Travel Index to help destinations and travel businesses make the transition to a more resilient form of tourism, that takes account of positive and negative impacts, balancing environmental, social ...

Given that the lodging industry has been impacted more negatively by COVID-19 than any other previous crisis, the highly capital-intensive hotels sector is investigating recovery strategies that may change the way hotels operate in the future. This ...

Accor is a global player in hotels. Historically, it has been focused on the mid-priced and budget segments, but is increasingly expanding into luxury outlets. Accor is also developing lifestyle hotels. It confirmed this commitment through a recent ...

American Airlines is the world’s largest airline by revenue, but the company has faced multiple challenges in the past several years including the COVID-19 pandemic and the grounding of all Boeing 737 Max 8 jets. American has made substantial efforts...

The Coronavirus (COVID-19) has exposed the fragility of the travel and tourism sector globally – with a distressing economic impact on the cities with the halt of the travel sector, social distancing, changes in social mobility and lifestyle changes....

The latest Travel Quarterly Statement for Q4 2020 shows the outlook for travel and tourism continues to be impacted negatively by the pandemic and global recession, with downgrades witnessed by the majority of destinations for inbound arrivals and ...

Travel intermediaries bore the full brunt of the global travel shutdown caused by the pandemic, and it is likely to take at least five years for sales to return to pre-crisis levels. Global brands have responded by pivoting to domestic tourism, ...

Consumer engagement, retention, loyalty and trust begins pre-trip, builds in-trip and ends post-trip, to start again in a constant cycle. Without adopting digital innovation and a digital-first mindset, travel brands will be destined to fail in their...

Travel and tourism has been decimated by Coronavirus (COVID-19), leaving communities starved of income and jobs, whilst nature has flourished without crowds or pollution. As travel businesses rebuild, a new purpose and mindset is required to ensure ...

IHG`s focus on mid-market hotels, such as Holiday Inn has stood it well in the light of the COVID-19 pandemic where this segment has been more resilient. The group is currently adding more brands more mid-market brands with Avid and Atwell Suites. ...

The COVID-19 pandemic has prompted the implementation of unprecedented measures in Oman, such as a ban on incoming and outgoing travel for residents. Oman has made a strong concerted effort over the review period to boost tourism and arrivals and ...

Tourism struggled in Mozambique at the beginning of the review period, amidst instability, kidnappings and clashes between local factions, as well as a resurgence of RENAMO (Mozambique National Resistance). However, the situation began to improve ...

The impact of COVID-19 on the Maldives began in early February with the suspension of flights between the Maldives and mainland China, followed by bans on the entry of travellers from other affected countries in March and most importantly, national ...

Prior to the onset of the global pandemic, Western Europe was by far the largest region for inbound visitors to Mauritius, with France and the UK the leading individual source markets. However, the economic situation in these two countries, including...

Macau’s travel market was significantly impacted by the onset of coronavirus (COVID-19) in 2020 leading to a decline in inbound arrivals and either a slowdown or contraction in growth for airlines, lodging and online travel intermediaries. While the ...

Tourism is incredibly important to the Maltese economy, with it being one of the main drivers of GDP. Following on from the success of Valletta European Capital of Culture 2018, Malta continued to invest in new cultural events and the restoration and...

Travel in Iceland has been severely affected by COVID-19. Due to the small size of the country’s population and the major contribution tourism makes to its economy, the most keenly felt impact of the pandemic has been the collapse in inbound ...

The impact of COVID-19 on South Korea’s travel industry has been severe, with hotels either closed or operating at extremely low occupancy rates for much of 2020 and airlines suffering enormous losses as global restrictions wreak havoc throughout ...