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UNWTO | June 23, 2020
The World Tourism Organization (UNWTO) is once again calling on governments across the globe to restart tourism in a responsible way as the COVID-19 pandemic has led to a loss of about $195 billion in international tourism receipts over the first four months of 2020.
Fortunately, the UNWTO World Tourism Barometer shows that the industry is beginning to come back in some places, including destinations in the Northern Hemisphere....
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....
PhocusWire | March 06, 2020
Online travel giants Expedia Group and Booking Holdings disbursed a record $11 billion on marketing in 2019, up from $10.6 billion the year before. The difference is that one company grew its marketing spend in 2019 and the other company essentially remained flat. Under its “selling and marketing” line item, Expedia Group reported a 6% increase from $5.567 billion in 2018 to $6.03 billion in 2019. The Seattle-based online travel agency spent $5.22 billion under that category in 2017....
Internova Travel Group | January 27, 2022
Travel industry surveys show that many people don't use all of their vacation days during the year, affecting their health, relationships and job performance. That's why today's National Plan for Vacation Day (NPVD), powered by U.S. Travel Association, encourages Americans to plan their vacation days for the entire year at the start of the year. By planning ahead, people are more likely to take that well-deserved time off and are happier and healthier as a result.And, according to a ...
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