Page 4 - Global Travel Industry

UNGA meets to help reverse slump in global tourism sector post pandemic

"In 2019, prior to the pandemic, tourism contributed $3.5 trillion to global GDP. The precipitous drop during the pandemic is estimated to have cost up to 120 million jobs," the UNGA President noted

Easy Trip Planners hits record high on heavy vols; stock up 20% in 2 days

The management asserts that strong demand uptick will bolster the travel industry.

Airlines forced to cancel flights as omicron hits demand and frontline crew

IndiGo to reduce 20% of capacity and waive change fees for all bookings

Mahindra Holidays & Resorts to add over 300 rooms by March

Mahindra Holidays & Resorts, which operates under the flagship Club Mahindra brand of membership-only resorts, plans to add over 300 rooms by March to take the overall inventory to 4,500 keys, a top company official has said. The Mahindra group firm had reported the highest quarterly profit of Rs 40.6 crore in the three months to September 2021 amid the pandemic that has hit the hospitality and tourism industry badly. It operates 78 properties offering 4,233 keys as of now and has been clocking about 80 per cent occupancy in the third quarter and hopes to better it going ahead provided there is no third wave and the resultant mobility curbs. "We started this fiscal with 4,197 rooms and we are on course to close the year with an inventory of 4,500 rooms. We are adding a little over 300 rooms to our existing properties at Assonora in Goa and Ganapatiphule in Maharashtra," Kavinder Singh, managing director and chief executive of Mahindra Holidays, told PTI. Refusing to give an exact .

Omicron variant unravels travel industry's plans for a comeback

Tourism businesses that were just finding their footing after nearly two years of devastation wrought by the COVID-19 pandemic are being rattled again as countries throw up new barriers to travel

Almost 80% Indians want their travel to benefit communities: Survey

Travellers willing to discover rural areas and pay a premium for sustainable tourism, says research on Asia-Pacific respondents

Thomas Cook India net loss narrows to Rs 85.17 crore in Sept quarter

The travel services firm on Friday reported narrowing of its consolidated net loss

US to lift travel restrictions for incoming foreign nationals from Nov 8

The US will lift all travel restrictions for incoming non-citizen, non-immigrant travellers from November 8, with only limited exceptions

For $61,000, spend most of the year on a cruise around the world

The cruising industry suffered a crippling hit after Covid-19-related travel restrictions, which began in early 2020, prevented most voyages for more than a year

Ready to fly again: Travel firms expect heavy rush as US lifts curbs

But the slow pace of visa approval remains a challenge

Different rules across nations hurting business travel - Today's Special

Many countries are adopting different sets of rules to allow foreigners to enter their territory. This hurts business prospects at a time when all are looking for stronger and faster economic recover

Goa, Jaipur set to become India's top leisure destinations: OYO data

OYO released the findings of its Unlocking Travel Report 2021 on the occasion of World Tourism Day

Mastercard profit beats estimates on consumer spending, travel boost

Mastercard saw improved strength in travel between the Unites States and Latin America, as well as an increase in travel within Europe, Miebach said on a conference call.

Despite Covid, Dubai welcomes 3.7 mn overseas visitors: Official data

International tourism hub Dubai welcomed 3.7 million overnight visitors during the 11-month period from July 2020 to May 2021, the tourism department here has said

European Union members agree to lift travel restrictions on US tourists

The move was adopted during a meeting in Brussels of permanent representatives to the 27-nation bloc.

Travel firm Thomas Cook India fourth quarter loss widens to Rs 20 crore

Travel services provider Thomas Cook India has reported widening of consolidated net loss to Rs 20.23 crore for March quarter 2020-21, impacted by the pandemic. The company posted a net loss of Rs 13.90 crore for the year-ago period, Thomas Cook said in a late night regulatory filing on Thursday. Total income from operations stood at Rs 401.64 crore in the quarter under review. It was Rs 1,109.02 crore in the same period a year ago. For 2020-21, the company posted a net loss of Rs 295.19 crore as against a loss of Rs 17.65 crore in the previous year, Thomas Cook India Ltd (TCIL) said. Total income from operations stood at Rs 945.74 crore in the year. It was Rs 6,948.30 crore in 2019-20, it added. "We are already seeing positive signs with the tapering of infection rates globally and travel reopening in select countries, albeit in an understandably careful and calibrated manner," TCIL Chairman & MD Madhavan Menon said. This augurs well for the revival of the sector, with ...

Airbnb sees 'travel rebound of the century'; loss widens on debt payment

Airbnb's shares fluctuated in extended trading after closing down 3.2% in New York at $135.75.

Maldives ban leaves limited global travel options for Indian tourists

The island nation has been a popular leisure destination for Indian travellers who accounted for 21% of all arrivals between January-May

British PM Johnson to unveil international travel plan amid Covid-19

Johnson has already announced a staggered plan to ease coronavirus restrictions in the months ahead

What is a vaccine passport and will we need it soon? Simply explained

Not all are in favour of mandating vaccine passport, especially WHO. Tune in to know why