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 […]

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 […]

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 […]

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% […]

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 […]

Ramping up vaccination rates for Covid-19 will help boost the recovery in the travel and tourism industry, a panel of experts told CNBC. Vaccination is the only comprehensive way to fight the impact of the coronavirus, Ritesh Agarwal, CEO and founder of Indian budget hotel chain start-up Oyo, told Nancy Hungerford during the virtual CNBC […]