Tag Archives: records

WTTC records US$4.5 trillion in tourism losses for 2020 | News

Travellers from Denmark barred from entry to UK | News

An economic impact report (EIR) from the World Travel & Tourism Council has revealed the full impact of Covid-19 on global tourism. The body argues the sector suffered a loss of almost US$4.5 trillion last year. The annual research shows tourism’s contribution to GDP dropped a staggering 49 per cent in 2020, compared to the […]

Etihad Airways records US$1.7bn loss for 2020 | News

Kamark departs as Etihad restructures operations | News

Etihad Airways has reported an operating loss of US$1.7 billion for financial 2020, accelerating the losses of US $0.8 billion seen last year. The Abu Dhabi flag-carrier blamed the Covid-19 for its deteriorating fortunes. The airline saw a 76 per cent fall in passengers carried throughout the year, down to 4.2 million from 17.5 million […]

Cirium records renewed slump in European aviation | News

Cirium records renewed slump in European aviation | News

According to new analysis from Cirium, intra-European international seat capacity has fallen by half across ten of the continent’s busiest airports since the pre-Christmas peak. The decline comes as travellers grapple with the increasingly complex array of restrictions designed to contain the spread of more transmissible strains of Covid-19. Lisbon Airport’s rolling seven-day arrival seat […]

On the Beach records Covid-19 losses | News

On the Beach records Covid-19 losses | News

On the Beach has reported total losses of £46 million for the year ended September 30th, as the Covid-19 pandemic continued to take a huge toll on the sector. The UK-based tour operator saw profits of £19 million the previous year. Total revenue fell 76 per cent to £38 million. Simon Cooper, chief executive of […]

Marriott records second quarter loss but eyes green shoots | News

Marriott records second quarter loss but eyes green shoots | News

Marriott International has reported a second quarter net loss of $234 million, compared to a net income of $232 million in same period a year-ago. The second quarter adjusted net loss totalled $210 million, compared to second quarter 2019 adjusted net income of $525 million. Comparable systemwide constant dollar RevPAR declined 84.4 per cent worldwide […]

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