Tag Archives: Pandemic

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 […]

US hotel industry: Economic and human struggle 6 months into COVID-19 pandemic

US hotel industry: Economic and human struggle 6 months into COVID-19 pandemic

The American Hotel & Lodging Association (AHLA) today released an analysis on the economic and human struggle of the hotel industry six months into the COVID-19 pandemic, with millions of employees still furloughed or laid off and travel demand lagging far behind normal levels. Key findings of the report include: • Four out of 10 […]

Ready to bounce back! Vietjet responds to pandemic by introducing self-handling ground operations

Ready to bounce back! Vietjet responds to pandemic by introducing self-handling ground operations

The new-age carrier Vietjet officially self-handled its ground operations at the Noi Bai International Airport in the capital Hanoi, becoming the first ever private carrier to set up its own ground handling arm in Vietnam. The move aims to improve the airline’s service quality, independently and flexibly adjust its own flight schedule to meet seasonal […]

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 […]

Pandemic risk insurance law upcoming in the US?

Pandemic risk insurance law upcoming in the US?

Congresswoman Carolyn B. Maloney (D-NY), senior member of the House Financial Services Committee, was joined today by stakeholders from the small business community and the insurance industry to emphasize the urgent need for Congress to pass the H.R. 7011, the Pandemic Risk Insurance Act (PRIA). PRIA, introduced by Rep. Maloney on May 26, 2020, would […]

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