United Airlines is posting a $2.1 billion loss for the first quarter of 2020 as the coronavirus decimates the demand for flights, according to a CNBC report on Monday (April 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Expedia Group is looking to cut its budget for ad revenues this year, according to Chairman and Senior Executive Barry Diller. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
COVID-19’s impact on the cruise industry is so far not affecting reservations for 2021, which are up 40 percent over 2019. Carnival, the world’s biggest cruise line, has enough liquidity for a year. Get the Full Story Complete the form to unlock this article and...
While there are very few industries that have not been affected by the COVID-19 outbreak in some way, travel as a vertical has been hit uniquely hard. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Hotel chain Oyo, which became one of the largest chains by offering hotel owners guaranteed revenues for carrying the brand, will phase out that incentive in a push to find profitability, according to a report by The Wall Street Journal. Get the Full Story Complete...
The travel industry is being decimated by the coronavirus. The cascade effect of multi-state lockdowns has had a chilling effect on any number of verticals, from airlines, of course, to hotels. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
March 8 will mark a watershed day in the travel industry — when the U.S. state department said that citizens should not take cruises. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The coronavirus outbreak is crippling the $1.7 trillion tourism industry, the biggest setback for the travel sector in almost 20 years, according to reports on Wednesday (March 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
In the 21st century, for businesses across many verticals, disruption comes at the speed of digital. That’s especially true of the travel industry, where a “mobile-first” mentality and the emergence of online marketplaces has increasingly brought an omnichannel experience to researching, booking and paying for...
