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Flight bookings for leisure and business travel top 2019 levels

For the first time since the start of the pandemic, global leisure and business flights have risen to levels not seen since 2019. That’s according to the Mastercard Economics Institute’s third annual travel report, titled “Travel 2022: Trends & Transitions,” published yesterday. After analyzing 37 global markets, the report found that cross-border travel reached pre-pandemic […]

By : ILIAS ELABDI Date : May 19, 2022 Category : Travel News & Insights Comments :
U.S. airline bookings dropped 17% in April, flights got even pricier

A Southwest Airlines aircraft taxis as an American Airlines aircraft lands at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. Joshua Roberts | Reuters U.S. airline bookings dropped 17% last month from March, according to a report from Adobe published Thursday, one of the first signs of cooling demand for air travel as […]

By : ILIAS ELABDI Date : May 12, 2022 Category : Travel News & Insights Comments :
Southwest Airlines 2022 profit forecast sees bookings, fares outpacing costs

Southwest Airlines reiterated its forecast for second-quarter and 2022 profits as bookings and fares outpace a jump in labor, fuel and airport costs. The Dallas-based carrier expects second-quarter revenue growth of 8% to 12% over the $5.9 billion it brought in during the same quarter of 2019, even though it plans to fly 7% less […]

By : ILIAS ELABDI Date : May 4, 2022 Category : Travel News & Insights Comments :
Russia-Ukraine war has limited impact on Europe vacation bookings

Travelers booking luxury trips to Europe have not canceled amid the Ukraine war, says travel advisor Jessica Griscavage of Runway Travel. Pictured, Grignan, France. Westend61 | Westend61 | Getty Images As the Russian invasion of Ukraine continues with no end in sight, how are Americans’ European vacation plans being affected? It depends on whom you […]

By : ILIAS ELABDI Date : April 10, 2022 Category : Travel News & Insights Comments :
Airbnb CEO Brian Chesky on Covid impact on long-term bookings

More people are booking longer-term rental stays because of flexible working arrangements as a result of the pandemic, says Airbnb CEO Brian Chesky. “The pandemic has untethered millions of people from the need to be in office five days a week,” Chesky told CNBC’s “Squawk Box Asia” on Wednesday. “As people get more flexible, fewer […]

By : ILIAS ELABDI Date : February 17, 2022 Category : Travel News & Insights Comments :
Travel bookings are rebounding as Hilton has best night since the beginning of the pandemic

As people continue to get vaccinated across the U.S., travel demand is surging. Hilton CEO Christopher Nassetta told CNBC on Tuesday the company notched a record-breaking number of bookings last Saturday, during the Memorial Day holiday weekend. “We had a blockbuster weekend,” Nassetta said in an interview on “Squawk Box.” “On Saturday night we were, […]

By : ILIAS ELABDI Date : June 7, 2021 Category : Travel News & Insights Comments :
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