Tag Archives: billion

UK set to lose USD 29 billion from missing tourists due to pandemic: WTTC

UK set to lose USD 29 billion from missing tourists due to pandemic: WTTC

A staggering GBP 22 billion (USD 28.91 billion) looks set to be lost from the UK economy due to the collapse of international travel during 2020, according to the World Travel & Tourism Council (WTTC). Travellers and tourists are staying away from the UK in droves because of continuing uncertainty around travel restrictions designed to […]

Global nightlife claims $1,500 billion loss due to COVID-19 pandemic

Global nightlife claims $1,500 billion loss due to COVID-19 pandemic

Thousands of nightlife venues around the world were forced to shut down due to the ongoing COVID-19 outbreak to respect the safety and well-being of staff and clients and also to avoid the spread of the virus. Despite many nightlife venues being shut down, countries like Croatia, Hungary, Czech Republic, Austria, and Switzerland have opened […]

Lufthansa: €2.7 billion in ticket refunds already paid

Lufthansa: €2.7 billion in ticket refunds already paid

In the current year, the airlines in the Lufthansa Group have so far reimbursed around 2.7 billion euros to a total of 6.3 million customers (as of 09.09.2020). In arithmetical terms, around 1800 refunds per hour were paid out last week. The justified claims received by Lufthansa in Germany by the end of June have […]

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