WTTC maps out four key principles that will be crucial to the recovery – Travel & Tourism sector desperately needs an exit strategy from current restrictions
54% of Europeans aim to make a trip before the end of July 2021, revealing the strong pent-up demand to resume travel
Recent stimulus passed through the federal government will significantly impact recovery for the travel industry. Publicly funded destination marketing organizations (DMOs), tourism agencies, and entertainment venues will benefit from provisions of the $900 billion COVID-19 relief package. HVS explains how certain provisions of recent stimulus and President Bidens proposed stimulus package contribute to recovery of vital sectors of the US economy.
It is with profound sadness that Marriott International announces that Arne M. Sorenson, President and CEO, unexpectedly passed away on February 15, 2021. In May 2019, the company announced that Mr. Sorenson had been diagnosed with pancreatic cancer. On February 2, 2021, Marriott shared the news that Mr. Sorenson would temporarily reduce his schedule to facilitate more demanding treatment for pancreatic cancer.
New bookings in the U.S. for vacation rentals were at record levels in January, according to data from AirDNA.
For most of 2020, Cyprus hotels performed like the rest of the Mediterranean region – except when it came to average daily rate (ADR).
More open hotels, more demand – On 28 January, 96% of hotel rooms in Brazil were open. At the same time, the market has been exceeding 30% occupancy since the beginning of November, reaching occupancy levels as high as 37.8% on 9 December.
As the Biden administration is considering a rule that would require negative COVID-19 test results for domestic air travel and potentially other restraints to interstate travel, the Global Business Travel Association (GBTA), the world's largest business travel association, issued the following statement:
Decade of action announced as new insights reveal that consumers overwhelmingly want to choose hotels that operate in the right way
Following the announcement by The Walt Disney Company noting an unsurprising 53% revenue decline for its Parks, Experiences and Products segment, Rheanna Norris, Travel & Tourism Analyst at GlobalData her view.