Archives for May 2020

Lufthansa AG postpones decision on convocation of General Meeting At its meeting today, the Supervisory Board of Deutsche Lufthansa AG discussed the acceptance of the stabilization package offered by the Economic Stabilization Fund (WSF) of the Federal Republic of Germany, including the necessary convocation of a General Meeting. The Supervisory Board has taken note of

Thailand opens for Domestic Tourism Thailand’s domestic tourism reopening is shaping up to see Bangkok as the hub for an early return of daytrips, staycations and inter-provincial road trips.  With over eight million residents coupled with a sprawling megacity catchment with a population base in excess of 15 million, the recovery of the country’s tourist

Domestic markets could offer struggling tourism companies a lifeline 80% of the respondents polled in a COVID-19 consumer survey claiming they are extremely or quite concerned about the ongoing coronavirus pandemic, a large proportion of the population is expected to also be apprehensive about traveling internationally – even when travel restrictions are lifted. Furthermore, 76%

Macao Tourism cancels International Fireworks Display Contest due to COVID-19 Due to the global spread of the Novel Coronavirus Pneumonia (COVID-19), after careful assessment and consideration, Macao Government Tourism Office (MGTO) announced its cancellation of the 31st Macao International Fireworks Display Contest originally slated to be held this September and October. Organized by MGTO, the

Airline debt to balloon by 28% to $550 billion by the end of year The International Air Transport Association (IATA) released analysis showing that the airline industry’s global debt could rise to $550 billion by year-end. That’s a $120 billion increase over debt levels at the start of 2020. $67 billion of the new debt is

ARC: Air ticket sales by US travel agencies down almost 52% Airlines Reporting Corp. (ARC) today reported the following consolidated airline ticketing volume variances, compared to the same period in 2019. These totals represent sales generated by US travel agencies* and processed through the ARC settlement system. Data figures are for the seven days ending

Summer holidays for Germans expand to 31 countries Germans rather don’t eat instead of not going on a holiday. Summer holidays are around the corner and Germany has travel warnings for its citizens in place even to other EU countries. In the history of the Federal Republic of Germany this never happened before. Warnings were

European Commission probes takeover of Transat by Ar Canada Transat A.T. Inc. has taken note of the European Commission’s decision to open an in-depth (“Phase 2”) investigation to assess the proposed transaction with Air Canada. Transat is currently studying the EC’s decision in order to prepare the next steps in the process. This extension is

Hawaii beat the Virus! Let Florida, California, Spain, or Italy reopen their travel and tourism industry. Beaches in Florida, California, Spain or Italy can be testing grounds, but not Hawaii. This seems to be the strategy by lawmakers in the Aloha State. There are only 35 active coronavirus casases left in the State of Hawaii.

ATM Virtual to focus on potential Chinese outbound travel market One of the most eagerly awaited sessions during the Arabian Travel Market (ATM) three-day ATM Virtual event that takes place from 1-3 June 2020, is undoubtedly The Virtual ATM China Tourism Forum. The debate will take an in-depth look at the potential of the Chinese