Booking Holding Inc., the Connecticut-based company that owns travel website Booking.com, plans to reduce its workforce by as many as 4,250 positions as its business continues suffer during the COVID-19 pandemic, Reuters reported. Get the Full Story Complete the form to unlock this article and...
The latest forecast from the International Air Transport Association (IATA) has airlines grappling with reduced demand until at least 2024 – and that’s the best-case scenario. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
As the coronavirus devastates the hospitality industry, hotelier to the stars André Balazs is gearing up for his next act: private clubs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
It was a bad week for airline stocks as bookings contracted on renewed coronavirus fears. PYMNTS reported earlier this week on new Transportation Security Agency (TSA) figures that travelers through U.S. airport checkpoints were down over 4 percent the week ending July 19. Get the Full Story Complete the form to...
The outlook for the airline industry looks cloudy — at best — until there is a COVID-19 vaccine. In fact, United Airlines‘ chief said revenues are not expected to rise above half of 2019 levels before then. Get the Full Story Complete the form to...
Loews Hotels CEO Jonathan Tisch does not expect a return to significant national, international or business travel anytime soon, according to an interview he gave on CNBC’s “Closing Bell.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The already sluggish recovery in air travel hit some turbulence over the past week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
Admittedly, it might seem like a strange time to be launching an innovative travel insurance product given how much the tourism industry has contracted in the wake of the global pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
CIBT, which works in global immigration and visa services for both corporations and individuals, has announced an integration with Conferma Pay for virtual cards and streamlined business travel payments, according to a press release. Get the Full Story Complete the form to unlock this article...
