Sabre slashes cash costs

TTR Weekly | March 24, 2020

Sabre slashes cash costs
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.

Spotlight

Thailand is among the most popular tourist destinations in Asia. Located in Southeast Asia, the country is visited by millions of foreign tourists, every year. A majority of foreign tourists arrive at the country’s largest airport in Bangkok, Suvarnabhumi Airport.

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TRAVEL TECHNOLOGY

Tourism for Better Future, a Major Priority at ATM's Global Stage

Arabian Travel Market | May 17, 2021

The 28th edition of Arabian Travel Market (ATM), the region's largest travel and tourism showcase, returned to Dubai on May 16 to focus on Tourism for a Brighter Future during the opening session at ATM's Global Stage. With the year 2021 ushering in a new era for travel and tourism, leading industry leaders from around the world kicked off the dialogue on the ATM Global Stage by providing insight into the factors behind the sector's rapid recovery. Vaccinations, market segmentation and technological innovations, travel corridors, marketing, and product diversification have all been identified as key factors of substantial recovery by 2023. During the Tourism Beyond Covid Recovery session on the ATM Global Stage, tourism ministers and key industry stakeholders from the Gulf and Southern Europe convened to discuss the vast opportunities for travel, tourism, and hospitality presented by the potential return of mass leisure tourism, medical and educational travel, business events, and, beyond that, cross-cultural exchange. This was followed by the ATM China Tourism Forum, which highlighted China's continued significance as a major source market for many MENA destinations, as well as the imminent return of inbound tourism from China as destinations such as Dubai approach "Covid-19 safe" status due to the success of their domestic vaccination drives. Meanwhile, at the ATM Travel Forward theatre, delegates heard from world-class technology leaders who shared industry-leading perspectives about the role of technology in the future of travel. ATM 2021 will host 67 conference sessions with over 145 local, regional, and international speakers throughout the four-day event. Attendees on the Global Stage will also be able to attend the hotel industry forum, the ATM Saudi Arabia Tourism Summit: Transformation through tourism, an International Tourism & Investment Conference (ITIC), an aviation panel, and a special session on lessons learned contributing to the recovery and ongoing resilience in global travel. ATM 2021, inaugurated by His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, CEO and Founder of Emirates Group, and Chairman of Dubai World, will take place from May 17 to 19.

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FEATURES AND ADVICE

Travel Insured International Launches Cruise Travel Protection Plan.

Travel Insured International | October 06, 2021

Travel Insured International has launched its new, cruise-specific travel protection product, Cruise Trip Protector. As part of Travel Insured's Tour Protector series, this product is designed to meet the needs of today's cruise passenger. Along with pre-departure benefits like Trip Cancellation and optional Cancel for Any Reason, this plan offers post-departure coverages like Single Supplement, Missed Tour or Cruise Connection, and Trip Delay. Cruise Trip Protector also includes additional benefits for recent requirements by some cruise providers for extra coverage related to Accident & Sickness Medical Expense and coverage for Medical Evacuations. Recent Cruise Requirements: Medical Expense and Evacuation Coverage As the travel industry continues to adapt, it's important for travelers to understand the safety requirements of each cruise line. Some cruise providers are mandating travel insurance for unvaccinated passengers setting sail from Florida and requiring each unvaccinated guest to provide proof of insurance with Accident and Sickness Medical Expense coverage and Emergency Medical Evacuation coverage that meets certain minimum standards. Travel Insured's Cruise Trip Protector provides travelers with up to $50,000 in Accident & Sickness Medical Expense coverage and up to $250,000 in Medical Evacuation coverage. Other Cruise-Specific Benefits As a niche travel product, Cruise Trip Protector includes valuable, relevant insurance benefits just for cruisers. Missing a cruise connection, facing delays or diversions, and issues related to single supplement pricing are all unique challenges for which the plan benefits can provide assistance. Cruise Trip Protector also features the optional Travel Inconvenience benefit which pays a stated amount per stated inconvenience. Missed Tour or Cruise Connection: Applies if you miss your cruise departure because your arrival at your trip destination is delayed for at least three hours. This benefit reimburses up to $500 in certain unplanned losses and expenses, including the additional transportation cost to join your trip if your delay is caused by a covered reason. Single Supplement: This benefit may apply if you experience a change in the per person occupancy rate for your pre-paid, non-refundable lodging. If a person booked to share accommodations with you cancels or interrupts his/her trip due to any of the covered reasons applicable to Trip Cancellation or Trip Interruption and you do not cancel or interrupt your trip, you could be eligible for reimbursement up to the stated maximum benefit amount. Optional Travel Inconvenience: This optional benefit upgrade includes 15 covered reasons. This pays a fixed amount per stated inconvenience up to a benefit maximum. 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European Waterways to Again Offer Solo Travelers Cruise in 2021

European Waterways | September 16, 2020

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Spotlight

Thailand is among the most popular tourist destinations in Asia. Located in Southeast Asia, the country is visited by millions of foreign tourists, every year. A majority of foreign tourists arrive at the country’s largest airport in Bangkok, Suvarnabhumi Airport.