Tourism > Traveling

Globaldata: Securing finance will be key to cruise industry survival

2 days ago   |   By Travel and Tourworld

Royal Caribbean has agreed a $2.2bn loan facility with banks to shore up cash flows as the coronavirus pandemic hits travel companies;
According to Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, given that cruise operations could be restricted for months; it is crucial that businesses secure finance to ensure they can navigate a period of great uncertainty.
Observing the ‘cash and cash equivalents' between the three biggest cruise operators found that Royal Caribbean had US$243.7m, Norwegian US$225m and Carnival US$518m. Although this gives...
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WTTC urges G20 leaders to save the Travel & Tourism sector

WTTC urges G20 leaders to save the Travel & Tourism sector

2 days ago   |   By Travel and Tourworld

The World Travel & Tourism Council , which represents the global travel & tourism private sector have urged world tourism leaders to implement critical measures to save the Travel & Tourism industry. The call was made in light of the coronavirus pandemic to prevent a catastrophic collapse of the industry due to the virus spread that has put up to 75 million jobs at immediate risk. The announcement was made ahead of a special meeting of the G20 hosted by the Kingdom of Saudi Arabia, scheduled today.
WTTC entreated the G20 leaders to assign resources and coordinate efforts to rescue major...
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Michelin Star Cookbooks from the World's Best Restaurants

Michelin Star Cookbooks from the World's Best Restaurants

The world's best restaurants are not immune to the ongoing coronavirus crisis. Every restaurant, from the most esteemed institution to your local pizzeria, has had to close to... Read more ...

Brightline suspends all operations amid coronavirus spread

Brightline suspends all operations amid coronavirus spread

Brightline Railway System, a Miami to West Palm Beach inter-city private-sector train operator recently suspended its operations. The decision has been undertaken in light of... Read more ...

Tourists stranded in Asia by canceled flights, shut borders

Tourists stranded in Asia by canceled flights, shut borders

From the sun-soaked beaches of Thailand to the foothills of Mount Everest in Nepal, tourists across Asia are finding their dream vacations have turned into travel nightmares as... Read more ...

Malaysia Tourism & Travel Mart 2020 will be postponed

Malaysia Tourism & Travel Mart 2020 will be postponed

Malaysian Prime Minister Muhyiddin Yassin had announced measures on 16 March 2020 to restrict movement nationwide which started from 18 March till 31 March 2020, in a bid to... Read more ...

Arkansas State Parks remains opens despite coronavirus outbreak

Arkansas State Parks remains opens despite coronavirus outbreak

U.S. State Arkansas has decided to keep its state parks open amid coronavirus crisis. Arkansas is recognized for its nature parks, wilderness areas, and natural bounties... Read more ...

Vietjet issues coronavirus COVID 19 insurance plan

Vietjet issues coronavirus COVID 19 insurance plan

Vietnamese airline Vietjet has launched an insurance policy named “SKY COVID CARE” that allows all of its passengers to claim up to 200 million Vietnamese dong, if they are... Read more ...