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Travelers return to Southeast Asia but inflation could hurt recovery

After more than two years of lockdowns and border controls, Southeast Asia is finally experiencing some semblance of the old days of travel. Flights are steadily returning to 2019 levels in the region’s major economies, with Singapore, Thailand and Malaysia being the most popular destinations this year, according to the flight data analytics firm Cirium. […]

By : ILIAS ELABDI Date : June 23, 2022 Category : Travel News & Insights Comments :
Strong air travel recovery in US, Europe, Latin America but Asia lags

International air travel has been making a strong recovery this year, with the exception of the Asia-Pacific region, which is “lagging significantly behind,” according to the International Air Transport Association (IATA). “Last year, international travel was at about 25% of where it was in 2019. First quarter of this year across the globe, it’s up […]

By : ILIAS ELABDI Date : May 18, 2022 Category : Travel News & Insights Comments :
5 charts show the stages of global economic recovery since Covid hit

Commuters on a train in Hong Kong on March 2, 2022, amid the Covid pandemic. Dale De La Rey | AFP | Getty Images Oil prices plunged, travel came to a halt and unemployment rates spiked when the coronavirus hit in early 2020. Then, signs of recovery emerged. Stock markets rebounded and quickly surpassed 2019 […]

By : ILIAS ELABDI Date : March 11, 2022 Category : Travel News & Insights Comments :
central bank governor on inflation, tourism recovery

Inflation in Thailand will largely be “contained” because the price pressures in the country are not as broad-based compared to some developed markets, said the governor of Bank of Thailand. Sethaput Suthiwartnarueput said overall inflation rate will remain within the central bank’s target range of between 1% and 3%. Even though inflation for January came in at […]

By : ILIAS ELABDI Date : February 14, 2022 Category : Travel News & Insights Comments :
Cramer's Investing Club: Mastercard's earnings, outlook for travel recovery justify stock price

While the full-year 2022 outlook was more or less in line, we think it was better than feared.

By : ILIAS ELABDI Date : January 27, 2022 Category : Travel News & Insights Comments :
Global air travel recovery will remain weak near-term, says analyst

International air travel will likely remain sluggish in the near term as uncertainties over the omicron Covid variant linger, according to an aviation analyst. Brendan Sobie, independent analyst at Sobie Aviation, said omicron has hit passenger confidence in “travel right now because things are changing every day.” “The recovery we were hoping we were going […]

By : ILIAS ELABDI Date : December 24, 2021 Category : Travel News & Insights Comments :
Business travel demand expected to surge in 2022, but full recovery still two years away

istocksdaily | iStock | Getty Images Business travel spending worldwide will likely jump more than 37% next year to over $1 trillion but the normally lucrative industry won’t fully recover until 2024, according to a new industry forecast released Wednesday. Surges in Covid cases and new variants, uneven vaccination rates and supply chain problems hurt […]

By : ILIAS ELABDI Date : December 6, 2021 Category : Travel News & Insights Comments :
Travel recovery in Asia but Covid risks remain: Minor International

Locals and tourists attend an event organized to mark the opening of Phuket to international tourists on Patong beach. Thomas De Cian | NurPhoto | Getty Images The darkest days for the tourism industry may soon be over, according to the chairman of a multinational hospitality firm. Tourist hotspots like Phuket are now open to […]

By : ILIAS ELABDI Date : July 19, 2021 Category : Travel News & Insights Comments :
Resorts World Las Vegas to open as pandemic recovery takes hold

In a city where luck has a lot to do with the outcome, the executives overseeing the Las Vegas Strip’s newest property feel like they hit the jackpot. “We were waiting, optimistic that things would get better when we opened,” said Scott Sibella, president of Resorts World Las Vegas. “But here we are at 100% […]

By : ILIAS ELABDI Date : June 24, 2021 Category : Travel News & Insights Comments :
KLM to resume 95% of routes in 2021 amid international travel recovery

Dutch airline KLM said it intends to reinstate almost all of its international routes this year as vaccine rollouts offer hopes of revival for the travel industry. KLM’s president and CEO Pieter Elbers told CNBC the carrier will also add a new route to Saudi Arabia’s capital Riyadh, even as the capacity and frequency of […]

By : ILIAS ELABDI Date : June 17, 2021 Category : Travel News & Insights Comments :
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