COVID-19’s impact on the cruise industry is so far not affecting reservations for 2021, which are up 40 percent over 2019. Carnival, the world’s biggest cruise line, has enough liquidity for a year. Although the coronavirus pandemic prompted the cruise industry to cancel trips through...
While there are very few industries that have not been affected by the COVID-19 outbreak in some way, travel as a vertical has been hit uniquely hard. Consumers everywhere are paying heed to government #stayathome edicts, virtually grinding all travel — international, domestic, business and leisure —...
Hotel chain Oyo, which became one of the largest chains by offering hotel owners guaranteed revenues for carrying the brand, will phase out that incentive in a push to find profitability, according to a report by The Wall Street Journal. The company is based in...
The travel industry is being decimated by the coronavirus. The cascade effect of multi-state lockdowns has had a chilling effect on any number of verticals, from airlines, of course, to hotels. Then add rental homes — where owners open their doors to vacationers — to...
March 8 will mark a watershed day in the travel industry — when the U.S. state department said that citizens should not take cruises. As Bloomberg reported Friday morning, at least one operator, Carnival, had hoped to keep passengers coming on deck by offering credits of up...
The coronavirus outbreak is crippling the $1.7 trillion tourism industry, the biggest setback for the travel sector in almost 20 years, according to reports on Wednesday (March 4). International tourism generated $1.7 trillion in revenue in 2018, according to the UN World Tourism Organization. Previous...
In the 21st century, for businesses across many verticals, disruption comes at the speed of digital. That’s especially true of the travel industry, where a “mobile-first” mentality and the emergence of online marketplaces has increasingly brought an omnichannel experience to researching, booking and paying for...
The first part of 2020 has brought some significant activity in the world of travel — activity that could, in the coming months and years, further influence how consumers travel, and how they buy and pay for their trips. The latest travel-related news emerged on Tuesday...
As the travel industry shifts into higher digital gear, and increasingly responds to the needs and desires of new consumer groups — millennials and Gen Z among them — some players are getting left behind and making their way into the history books. That’s the general...
