Weekly travel spending in the U.S. has fallen a whopping 85 percent from the same point a year ago, according to figures prepared for U.S. Travel by the analytics firm Tourism Economics.
Tycoon Richard Branson is trying to convince the UK government to give his Virgin Atlantic airline a £500-million bailout to help it get by the coronavirus pandemic and the economic fallout of the lockdown.
Airbnb introducing tweaks to its landing page and rolling out new features in a bid to step up longer-term stays, now that the online rental marketplace looks to capitalize on a growing segment of its business.
The International Air Transport Association has released new analysis showing that some 25 million jobs are at risk of disappearing with plummeting demand for air travel amid the COVID-19 crisis.
A Saudi fund group has bought a significant number of shares -over 8 percent of the total- in the cash-strapped cruise company, according to a news report posted by CNBC.
The situation for airlines in the United States keeps getting worse. Federal officials on Friday ordered airlines to reimburse customers for canceled flights, saying a growing number of passengers are complaining.