Natural Retreats

PhocusWire | January 27, 2020

Argentina-based online travel agency Despegar is boosting its position in Mexico with the purchase of Best Day Travel Group for $136 million. According to a release, Best Day had revenue of $140 million in 2019 and EBITDA of $8 million, with 70% of its sales coming online. Despegar says this makes the transaction the largest in the Latin American travel intermediary space in terms of revenue and will allow it to increase its revenues by 25%. Approximately 75% of Best Day’s revenue is gener...

TTR Weekly | March 24, 2020

Sabre Corporation, a technology provider for the global travel industry, announced Monday cash cuts of around USD200 million from its business in 2020. “This is an unprecedented time. The global travel industry is facing challenges beyond what has been experienced before. We are fortunate that significant aspects of our cost structure are variable and are taking steps to help align our other costs with the current demand environment,” said Sabre president and CEO Sean Menke....

G Adventures | June 10, 2020

As the tourism industry looks to the future of travel following the COVID-19 pandemic, G Adventures has unveiled a new ‘Travel with Confidence’ policy, which introduces new safety procedures across all future G Adventures trips. Designed to ensure the safety and wellbeing of both travellers and employees, while continuing to deliver the adventure of a lifetime, the policy includes new social distancing and hygiene measures, which will be in place from the moment travellers join a tri...

Travel Daily Media | March 31, 2020

World Travel & Tourism Council (WTTC) has urged the G20 leaders to execute crucial measures to save the travel and tourism sector following COVID-19, in a virtual meeting hosted by Saudi Arabia. According to the global tourism leaders, around 75 million jobs are at immediate risk. The association implored the G20 leaders to assign resources and coordinate efforts to rescue major travel businesses such as airlines, cruises, hotels, GDS and technology companies, as well as the SME’s, suc...