Skift Take Sri Lanka’s biggest incoming market– India– is turning towards alternative destinations. The existing Sri Lankan political chaos threatens to paralyze the tourist market, which is worth more than $3.6 billion to the country and is the third largest forex earner. Peden Doma Bhutia Plagued by a series of setbacks dating back to pre-Covid times, Sri Lanka’s tourism...
The pandemic left a crazy 18-month period of restructuring, refinancing and acquisitions in its wake– or as one expert put it, an “arms race.” As a result, a lot of the larger corporate travel bureau look vastly various compared to before the pandemic. They also have a brand-new set of top priorities, reflecting the altered and most likely much smaller sized trading landscape...
When the pandemic hit, the hospitality and tourism market in the Caribbean wasn’t just hurt by the lack of visitors. It was confronted with a larger problem: postponed payments from significant international tour operators, such as TUI and Virgin Holidays, for services rendered in the first three months of 2020. By May 2020, 69 percent of hotels had actually reported being owed from...
Skift Take Let’s applaud the German railway operator for offering complimentary tickets anywhere within Germany to Ukrainian refugees. And props to Berlin for preparing public buildings such as the closed Tempelhof and Tegel airports to accommodate refugees. Sean O’Neill Ukrainian refugee Anastasia said she has hardly slept in the 90 hours it has taken her to run away to Berlin after...
Skift Take The reality harms sometimes: Vaccine passports would be a reasonably practical way to improve worldwide travel, however Israeli data suggest that needing PCR screening, too, would be prudent. Dennis Schaal “Vaccine passports” that exempt immunized people from routine COVID-19 testing would allow lots of infections to be missed, Israeli information recommend. Researchers...
Skift Take Summertime pertains to the rescue of this much leaner airline company, and CEO Carsten Spohr will be happy to get rid of the overhanging financial obligation it collected. Matthew Parsons German airline company Lufthansa will create favorable cash flow this summertime, while it ought to be possible to totally loosen up a Covid-19 rescue package in a year’s time, CEO Carsten Spohr...
Skift Take Today’s edition of Skift’s everyday podcast looks at AirAsia’s superapp dreams, Turkey’s Russian angle, and employee psychological health at hotels. Rashaad Jorden Great morning from Skift. It’s Tuesday, January 31. Here’s what you need to know about business of travel today. Listen Now Subscribe Apple Podcasts|Spotify|Overcast|Google Podcasts...
Skift Take WeWork and IWG will vie for an “asset light” future to recuperate after the pandemic. And with that, branding becomes a lot more essential on the planet of work. Matthew Parsons, Skift Co-working area providers see light at the end of the tunnel, regardless of the stop-start return to offices. IWG (Worldwide Work environment Group) published profits of $1.4 billion for the...
Skift Take Lastly, there’s some sincerity about the hotel labor scarcity crisis, and it doesn’t just hinge on pandemic-related welfare. Cameron Sperance The presidents of the world’s largest hotel companies recognize they have a labor scarcity issue that isn’t disappearing anytime quickly. The hotel industry, with almost triple the unemployment rate of the U.S. national...
Skift Take Flying is still with associated with virus transmission, and it most likely will not matter who petitions for an end to pre-departure testing requirements for immunized global passengers, the U.S. is not likely to budge for some time. Matthew Parsons Major airline companies, company and travel groups urged the White Home on Wednesday to end Covid-19 pre-departure screening requirements...