Tourism

Croatia Awaits Tourists, But Finds Few Takers
Croatia Awaits Tourists, But Finds Few Takers
May 27, 2020  |  Travel Payments

Owners of yachts and campsites on Croatia’s scenic Adriatic coast are hoping their isolation in the Mediterranean country will attract tourists, Reuters reported. The nation’s lockdown eased in...

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Booking Holdings Chief Says Gov’ts Should Incentivize Consumer Travel
Booking Holdings Chief Says Gov’ts Should Incentivize Consumer Travel
May 13, 2020  |  Travel Payments

One solution to the pandemic’s destruction of the travel industry, according to Glenn Fogel of Bookings Holdings, could be for the government to start subsidizing...

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May Holiday Draws Out 50 Million Chinese Tourists
May Holiday Draws Out 50 Million Chinese Tourists
May 03, 2020  |  Coronavirus

China is experiencing a return to normal as travelers head to tourist locations after the country reopened following the global coronavirus pandemic, according to a...

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Crashing Oil Prices and Travel’s Catch-22
Crashing Oil Prices and Travel’s Catch-22
April 23, 2020  |  Coronavirus

You can’t get much cheaper than negative prices. As the world knows, oil briefly went negative this week before rebounding, showing the breathtaking speed a...

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EU Says Tourism Sector Could Slide 70 Pct. From COVID-19
EU Says Tourism Sector Could Slide 70 Pct. From COVID-19
April 21, 2020  |  International

Europe’s $849 billion annual tourist industry is taking a beating as visitors heed stay-at-home orders around the globe amid the COVID-19 pandemic. Thierry Breton, the...

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Nevada Facing Record Unemployment With Casinos Closed
Nevada Facing Record Unemployment With Casinos Closed
April 09, 2020  |  Coronavirus

With an economy heavily reliant on tourism, Nevada may have the largest number of unemployed workers due to the coronavirus pandemic. In a state where...

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COVID-19’s Chilling Effect on Summer Vacation Rentals
COVID-19’s Chilling Effect on Summer Vacation Rentals
March 23, 2020  |  Travel Payments

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,...

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Coronavirus Triggers Furloughs At Marriotts Worldwide
Coronavirus Triggers Furloughs At Marriotts Worldwide
March 17, 2020  |  Coronavirus

Worldwide furloughs are happening at Marriott International in response to the coronavirus pandemic and the resulting collapse of travel and tourism, according to reports on...

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Online Firms See Silver Lining In COVID-19 Cloud
Online Firms See Silver Lining In COVID-19 Cloud
March 09, 2020  |  Coronavirus

The carnage on Wall Street, the crash in oil prices, the march of the coronavirus around the globe leads to a question about commerce, about...

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