With rising concerns over climate change and commitment from travel companies to become carbon neutral, cleaner aviation is needed.
Many reasons for a merger between the two companies make the prospect plausible, especially during the current COVID-19 induced economic downturn, during which both companies have experienced significant losses.
Total tourism & leisure industry M&A deals in Q2 2020 worth $387.67m were announced in the US, according to GlobalData’s deals database.
The electronic quarantine tag recently introduced in Singapore has the potential to rattle the number of international departures from the country, as it is yet another aspect that will elevate consumer angst and postpone recovery for neighboring Asian destinations, according to GlobalData
Meetings, incentives, conferencing and exhibitions (MICE) tourism was one of the first types of tourism to be impacted by the global spread of COVID-19 and it could be one of the last to fully return as international business arrivals are projected to fall by 35.3% in 2020.
Following the news that Etihad Airways has joined forces with Mediclinic for convenient home PCR testing in the United Arab Emirates (UAE).
As infection rates across the US surge, this invaluable source market is still a long way from recovery, which will only make matters worse for EU destinations that are major beneficiaries from US tourism, says GlobalData.
Sorenson thinks both the US and China have the same kind of travel industry fundamentals to fuel a stronger recovery than Europe.