Page 5 - Global Travel Industry

84% Indians found to be day-dreaming about travel once a week: Survey

A majority of Indian respondents (three-fourths) were found to be "day-dreaming" at least once a week about travel, according to a survey.

EU sets out vaccine certificate plan to allow free travel by this summer

The travel industry and southern European countries dependent on tourism like Greece and Spain have been pushing for the quick introduction of the measure.

Large firms may start business travel from FY22: MakeMyTrip's Rajesh Magow

"I think this winter, domestic traffic should come back to the pre-Covid level," says CEO Magow

Airbnb CEO says travel never going back to the way it was before pandemic

Airbnb CEO Brian Chesky predicted travel would permanently change due to the pandemic with people seeking out thousands of smaller cities and spending more time visiting friends and family

The travel entrepreneur who beat the market downturn not once, but twice

Aloke Bajpai's firm Ixigo cut pay, but didn't lay off; He says 'honest communication' with staffers saw the firm bounce back during the 2008 Lehman crisis and the current pandemic-induced one

Airlines see 'oasis' in entertainment, energy sectors during pandemic

Most companies have slashed spending on corporate travel, leaving airlines without a crucial source of revenue. Business traffic remains at least 85% down on pre-crisis levels.

Aviation bodies seek suspension of airport slot access rules till Oct 2021

Slot rules and their suspension have big ramifications for airline competition and market access for low-cost carriers, which were making ever deeper inroads before the pandemic

Hotels limp back to normalcy as business travel remains depressed

Recovery still far away; blended average occupancy up 28-30% in current quarter from 18-25% in three months to September

Even a Covid vaccine may not bring much joy to the global travel industry

As many as 83% of passengers globally are reluctant to fall back into their old travel habits and 31% will travel less often by air, the survey of some 10,000 frequent fliers conducted showed

Finland's national carrier cuts 700 jobs as Covid-19 pummels global travel

Finnair, which is heavily focused on flights from Europe to Asia, said Tuesday that some 600 of the redundancies would be in Finland and another 100 outside the Nordic country

Lufthansa to cut more jobs, pull big jets due to gloomy travel outlook

The airline will also pull its remaining eight Airbus A380 jets out of service and put them in long-term storage, along with 10 four-engine A340-600 aircraft

Global services trade affected by Covid-induced travel curbs: WTO report

With the limited exception of individuals working in "essential" sectors, all such trade that relies on the cross-border movement of individuals has effectively come to a halt

Airbnb confidentially files for IPO as short-term rental market rebounds

The move underscores a rebound in parts of the travel industry, which was battered this year by restrictions and shutdowns due to the Covid-19 pandemic

Heathrow tells UK: Do passenger testing or lose 'quarantine roulette'

Quarantine rules are in place for arrivals to Britain from the United States

United Airlines warns it may furlough 36,000 staff as Covid-19 hits demand

The outlook for a recovery in the airline industry has dimmed in just the past two weeks, as infection rates rise in much of the US.

The art of travel reading

The market for travelogues in the West is well established. In India it's still struggling because 99 per cent of those who travel can't write or even know what good travel writing is

40% tourism firms staring at complete shutdown risk in next 6 mnths: Report

The report said that 81 per cent travel and tourism companies have lost their revenue up to 100 per cent

Lufthansa, German govt agree on rescue package amid travel slump: Report

Rivals such as Franco-Dutch group Air France-KLM and U.S. carriers American Airlines, United Airlines and Delta Air Lines have also sought state aid

The price of liberty

With travel and Covid in the blood, which one will win, and at what cost?

Tourism, restaurant sectors unhappy with no provisions in stimulus package

Online ordering of food has taken a hit as most restaurants and hotels continue to remain closed due to lack of labour or the increased risk to the staff due to the coronavirus