THE CAYMAN ISLANDS RE-OPENING PLAN FOR WORLD-CLASS INTERNATIONAL TOURISM
THE CAYMAN ISLANDS RE-OPENING PLAN FOR WORLD-CLASS INTERNATIONAL TOURISM - Five -Phase Plan for Safe Return of Tourism Aims to See Destination Fully Reopen by January 2022 Those who have been dreaming of white sandy beaches, turquoise water, and bespoke luxury in the Cayman Islands can soon make their dreams a reality: the Cayman Islands has announced plans to begin safely welcoming back tourists to Grand Cayman, Cayman Brac, and Little Cayman via an intentional phased reopening approach. “Since March 2020, the Cayman Islands has been de…
NO CROWDS AT TOKYO 2020 OLYMPIC WOULD BE CATASTROPHIC FOR JAPAN'S TOURISM SECTOR
NO CROWDS AT TOKYO 2020 OLYMPIC WOULD BE CATASTROPHIC FOR JAPAN'S TOURISM SECTOR - With the jury still out on whether domestic spectators will be allowed at Tokyo 2020, the prospect of a complete ban on attendance cannot be dismissed. This scenario would be disastrous for several tourism-related industries in Japan says GlobalData, a leading data and analytics company. Ralph Hollister, Travel and Tourism Analyst at GlobalData, comments : “The prospect of no attendance would take things from bad to worse for Japanese businesses involved i…
EUROPEAN HOTEL INDUSTRY REVENUE TO SLUMP BY 50% IN 2021, ACCOMMODATION TURNOVER BY 28%
EUROPEAN HOTEL INDUSTRY REVENUE TO SLUMP BY 50% IN 2021, ACCOMMODATION TURNOVER BY 28% - For the European hospitality industry, substantial effects of the pandemic are expected to affect its performance in 2021. According to the research data analyzed and published by ComprarAcciones.com , revenue could slump by as much as 50% during the year. Based on an HVS report, the sector’s transaction volume fell by 69% in 2020 to €8.5 billion down from a peak of €27.1 billion in 2019. The figure was, however, higher than the €3.1 billion recorded in …
WORLD'S TOP THREE CRUISE LINES ACCUMULATE OVER $60 BILLION IN DEBT
WORLD'S TOP THREE CRUISE LINES ACCUMULATE OVER $60 BILLION IN DEBT - The year 2020 was unforgiving for cruise lines but 2021 seems to have started off on a slightly higher note. For the top three industry players, surviving the year took its toll resulting in a high level of cash burn and massive debt burdens. According to the research data analyzed and published by ComprarAcciones.com , the top three cruise lines have accrued more than $60 billion in debt during the pandemic period. Norwegian Cruise Lines’ debt burden was over $12.15 b…
BEIJING'S TOURISM REVENUE DROPPED BY 53% IN 2020 - LOSS OF OVER ¥330B
BEIJING'S TOURISM REVENUE DROPPED BY 53% IN 2020 - LOSS OF OVER ¥330B -The tourism industry was badly hit by the COVID-19 pandemic and the city of Beijing saw the momentum of the industry halted in 2020. Beijing had become an increasingly popular tourist destination prior to the pandemic with revenue from inbound tourism recorded at $5.16B in 2019. According to data presented by TradingPlatforms.com , Beijing’s total revenue from tourism decreased by over 53% in 2020 for a staggering loss of ¥330B or $50B. Beijing Revenue From Tourism Dr…
ONLY 12% OF AMERICANS PLAN SPRING BREAK TRAVEL, POLL SAYS
ONLY 12% OF AMERICANS PLAN SPRING BREAK TRAVEL, POLL SAYS - The spring break season is traditionally the first major travel period of the year—but only about one in eight Americans plans a spring break trip this year, according to polling data by Destination Analysts. And despite the nationwide progress on vaccines, spring break travel intentions actually appear to be dropping: the 12% who plan to travel for spring break is down from 16% the week prior—the first time that question was polled. The data suggests that Americans remain wary ab…
THAILAND'S TOURISM SECTOR SEEKS TO REOPEN COUNTRY BY 1ST OF JULY
THAILAND'S TOURISM SECTOR SEEKS TO REOPEN COUNTRY BY 1ST OF JULY - Inbound international tourism sector in Thailand says vaccines are a game changer that allow for the reopening of the country and for quarantine requirements to be dropped L eading international tourism companies in Thailand have launched a campaign to reopen the country’s borders from 1 July 2021. The #OpenThailandSafely campaign was launched 2 March with the support of over 15 major companies including YAANA Ventures, Minor Group, Asian Trails, Capella Hotels and Reso…
SRI LANKA IS NOW OPEN FOR INTERNATIONAL VISITORS
SRI LANKA IS NOW OPEN FOR INTERNATIONAL VISITORS - As Sri Lanka opens its doors to the world once again, Sri Lanka Tourism has pulled out all the stops, ensuring that every precautionary measure has been set in place to make the island getaway as safe, secure and serene as possible for the visitors. In this regard, Sri Lanka Tourism has published 'Safety Protocols' to be followed by the tourism industry stakeholders and visitors to traveling to Sri Lanka during Covid-19 . These protocols were issued by the Ministry of Health and adop…
SINGAPORE-HONG KONG TRAVEL BUBBLE KEY FOR SINGAPORE AIRLINES AND CATHAY PACIFIC TURNAROUND
Photo by Maria Tyutina from Pexels SINGAPORE-HONG KONG TRAVEL BUBBLE KEY FOR SINGAPORE AIRLINES AND CATHAY PACIFIC TURNAROUND - Following the news that Singapore and Hong Kong are in talks over the postponed travel bubble; Animesh Kumar, Director of Travel & Tourism Consulting at GlobalData, a leading research and consulting company, offers his view: “While the flight and travel restrictions have impacted airlines across the globe, the bearing has been extremely severe on Singapore Airlines and Cathay Pacific. Due to international trav…
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