U.S. airlines are likely to lose more than $35 billion in 2020, CNBC reported, citing public documents and analysts’ forecasts. Moreover, airlines aren’t expected to recover until the second half of calendar 2021, according to CNBC. Among the data CNBC cited were major drops in...
Air travel was down about 77 percent on Christmas Day from last year, with 616,469 people flying on Friday, but expected to swing back up as travelers return from their holiday destinations, according to CNN Business. The Transportation Security Administration said 616,469 people flew on...
One of the world’s largest travel websites has launched a dual-pronged promo to get record numbers of people who are currently working remotely to think outside the box –and to also pump new life into the struggling tourism industry. In a year where the pandemic...
After nearly a year of social distancing and staying at home, cabin fever is really starting to sink in for many consumers. For all the ways people have digitally enhanced and enabled their lives during 2020, the reality is there are some things you just...
Major airlines’ CEOs were cautiously optimistic a month ago that the COVID-ravaged travel industry was staging a slow recovery, and then markets and consumer confidence soared on reports that Pfizer and Moderna were finalizing COVID-19 vaccines. But then Bill Gates — the Microsoft co-founder turned...
Microsoft Co-Founder Bill Gates said he sees big changes on the horizon for business travel once the pandemic is over, with drastic reductions for most companies now that people can work from home, CNBC reported. Gates said he thinks the threshold for conducting business travel...
For hotel owners struggling to survive amid the coronavirus pandemic, spring is a long way off, especially when it comes to getting paid. So it’s not surprising that Greek hoteliers are up in arms – and some even facing closure – after being told by...
Oracle PartnerNetwork (OPN) member Conferma Pay has attained an Oracle Validated Integration with Oracle Hospitality Hotel Expertise for its link between Conferma Pay Connect and Oracle Hospitality OPERA, according to an announcement emailed to PYMNTS. Expertise is a central part of the OPN program and...
At a time when the coronavirus has hit the travel industry with a 70 percent drop in bookings and what could be several years of pain ahead until things normalize, you’d think vacation deals would be easy to come by. For more run-of-the-mill type trips, that...