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News

WTTC Launches Safe Travels Protocols for Aviation, Airports, MICE and Tour Operators

June 1, 2020

Via: Hotel News Resource

The World Travel & Tourism Council (WTTC) has unveiled the second phase of measures to rebuild global consumer confidence to encourage the return of travelling. The latest protocols are designed to drive the return of safe travel and enable industries, […]


News, Restaurants

Insurers propose pandemic assistance plan

May 29, 2020

Via: Restaurant Dive

Property and casualty insurers have devised a non-insurance-based proposal to cover lost business income in a future pandemic, but that won’t help businesses that have been staggered financially beacuse of COVID-19, nor is it clear Congress will get behind what […]


News, Travel

Boeing and Airbus are studying how coronavirus may spread on their airplanes

May 28, 2020

Via: Hospitality Net

Boeing and Airbus are studying how coronavirus may spread on their airplanes, and taking a no-stone-unturned approach to developing a way to minimize risks as they search for a way to restart business amid the pandemic. They’re trying to pinpoint […]


News

Boeing is laying off more than 6,000 employees this week as coronavirus pandemic hurts demand

May 27, 2020

Via: CNBC

Boeing is planning to lay off more than 6,000 employees this week in an effort to slash costs as the coronavirus pandemic continues to devastate the air travel and aerospace industries. The aircraft manufacturer previously said it is seeking to […]


News, Travel

U.S. Travel Praises House Introduction of Pandemic Risk Insurance

May 27, 2020

Via: Hospitality Net

WASHINGTON – U.S. Travel Association Executive Vice President for Public Affairs and Policy Tori Emerson Barnes issued the following statement on the Pandemic Risk Insurance Act (PRIA, H.R. 7011)—modeled on the post-9/11 Terrorism Risk Insurance Act (TRIA)—introduced by U.S. Rep. […]


News

Travel-Related Unemployment Hits 51% Just Ahead of Memorial Day

May 20, 2020

Via: Hotel News Resource

More than half of the 15.8 million travel-related jobs in the U.S. have disappeared since the outbreak of the COVID-19 pandemic – driving an unemployment number (51%) that is more than twice the 25% rate the country as a whole […]


News

United Airlines’ new CEO Kirby takes the reins, aiming to ‘get through hell as quickly as possible’

May 19, 2020

Via: CNBC

United Airlines’ incoming CEO Scott Kirby doesn’t mince words. “It’s far better to be too aggressive than not aggressive enough,” then-United’s president told a J.P. Morgan industry conference in early March, laying out a bleak picture of potentially sharp revenue […]


News, Travel

American Airlines loses $2.2 billion in first quarter as coronavirus roiled air travel

April 30, 2020

Via: CNBC

American Airlines lost more than $2.2 billion in the first three months of the year — its biggest quarterly loss since 2008 —as the coronavirus pandemic drove down demand for air travel. American’s revenue dropped nearly 20% from a year […]


Hotels, News

70% of Hotel Employees Laid Off or Furloughed

April 27, 2020

Via: Hotel News Resource

As COVID-19 continues to devastate the hotel industry, the American Hotel & Lodging Association (AHLA) released new data today showing that 70 percent of hotel employees have been laid off or furloughed as eight in 10 hotel rooms across the […]


News, Travel

US airlines are losing money for the first time in years as coronavirus ends travel boom

April 23, 2020

Via: CNBC

Delta and United have reported their first quarterly losses in more than five years. Their competitors are also expected to release dismal results in the coming weeks. The next few months look even more painful for the sector as the […]