New survey shows the impact that the economy, health and safety standards, and younger gamblers will have on recovery.
Chinese overseas travel sentiment grows
New survey highlights preference for open space beach destinations, topped by Boracay and Bohol.
COVID-19 impact and recovery analysis
The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
American Airlines and Hyatt surprise healthcare workers with complimentary vacations
Hyatt and American Airlines surprised thousands of frontline workers at NYC Health + Hospitals/Elmhurst, including doctors, nurses, facilities, food & nutrition and other support staff, with free vacations.
International tourist numbers could fall 80% in 2020
According to the United Nations specialized agency, the crisis could lead to an annual decline of between 60% and 80% when compared with 2019 figures. This places millions of livelihoods at risk and threatens to roll back progress made in advancing the Sustainable Development Goals (SDGs).
Airbnb to cut 25 percent of workforce
Airbnb lays off 25% of its global workforce due to the continuing impact COVID-19 has on its business, with expected revenue down 50%.
Travel management procurement intelligence report forecasts over USD 600 billion spend growth
SpendEdge has been monitoring the global Travel management market and the market is poised to experience spend growth of more than USD over 600 billion between 2019-2024 at a CAGR of over more than 7%.
Marriott raises $920 million in through amendments to co-Brand credit card agreements
Marriott announced it has signed amendments to its existing co-brand credit card agreements with JPMorgan Chase & Co. (“Chase”) and American Express. These amendments will provide the company with $920 million of cash, further enhancing its liquidity, with $570 million coming from Chase and $350 million coming from American Express.
American Express, Hilton and World Central Kitchen Partner to support frontline workers
Program feeds frontline healthcare professionals staying for free in rooms donated by Hilton and American Express and enables some furloughed restaurant staff to return to work in Los Angeles, New York City and Washington, D.C.
COVID-19 impact could be huge opportunity for value-driven tourism products
COVID-19-19 impact could be huge opportunity for value-driven tourism products like aparthotels. Post-pandemic price-conscious travellers will want bigger bang for their buck than ever before
