Analysis: Airlines reboot as COVID sparks a revolution in one-day business trips

Analysis: Airlines reboot as COVID sparks a revolution in one-day business trips

Most popular airline routes have changed since 2019 – OAG Higher airline ticket prices offsetting fall in trips Environmental concerns a factor for some companies SYDNEY/CHICAGO, Nov 7 (Reuters) – Airlines around the world are ripping up schedules and bringing in new flights to cope with a COVID-triggered trend in corporate travel for executives like … Read more

Premier Inn owner Whitbread warns of higher costs after returning to profit

Premier Inn owner Whitbread warns of higher costs after returning to profit

Swung to $347 mln profit in H1 Expects lower margins in H2 as inflation bites Shares down more than 3% Oct 25 (Reuters) – Premier Inn owner Whitbread (WTB.L) said on Tuesday that surging costs for labour, utilities and food would eat into margins in the second half, sending its shares down more than 3% … Read more

Carnival Corp plunges on forecast of Q4 loss, delayed return to profitability

Carnival Corp plunges on forecast of Q4 loss, delayed return to profitability

Sept 30 (Reuters) – Carnival Corp (CCL.N), (CCL.L) on Friday forecast a loss for the fourth quarter as higher fuel prices and rising costs of everyday essentials delay its return to profitability, sending the cruise operator’s shares down 20% in early trade. Decades-high inflation has further hit cruise operators that have been running at a … Read more

Analysis: Genting aims to upend Macau casino landscape in bidding war

Analysis: Genting aims to upend Macau casino landscape in bidding war

Genting has solid chance of displacing an incumbent – analysts A Genting entry would shakeup Macau’s gaming sector – analysts Failure to diversify revenue streams makes incumbents vulnerable COVID crisis exposed incumbents’ over-reliance on gaming revenue HONG KONG, Sept 30 (Reuters) – Malaysian group Genting has emerged as a strong contender to unseat an incumbent … Read more

Gambling giant Macau opens bids from seven casinos, with one firm to lose

Gambling giant Macau opens bids from seven casinos, with one firm to lose

A woman walks past a Bank of China branch next to the Grand Lisboa hotel and casino (R) in Macau, China December 21, 2019. REUTERS/Jason Lee Register now for FREE unlimited access to Reuters.com Register HONG KONG, Sept 16 (Reuters) – Macau’s government opens bids on Friday from seven companies, including a wildcard from Malaysian … Read more

United, American Airlines play down travel demand concerns

United, American Airlines play down travel demand concerns

Register now for FREE unlimited access to Reuters.com Register Sept 7 (Reuters) – United Airlines Holdings Inc (UAL.O) and American Airlines Group Inc (AAL.O) on Wednesday tried to allay concerns about consumer demand, saying there has been no slowdown in post-summer travel bookings. US carriers have been witnessing the strongest travel demand since the pandemic. … Read more

Business travel budgets rising as firms use 2019 as spending benchmark -CWT

Business travel budgets rising as firms use 2019 as spending benchmark -CWT

A meeting room outfitted with airtight glass panels is pictured at short-stay facility [email protected], a complex of hotel rooms and meeting halls near the airport which will welcome business “bubble” travelers from March, as part of the city-state’s effort to resume international meetings and conferences amid the coronavirus disease (COVID-19) outbreak, in Singapore February 22, … Read more

US Labor Day weekend travel volumes seen rebounding to pre-pandemic levels

US Labor Day weekend travel volumes seen rebounding to pre-pandemic levels

Passengers walk at John F. Kennedy International Airport in Queens, New York City, US, December 26, 2021. REUTERS/Jeenah Moon Register now for FREE unlimited access to Reuters.com Register NEW YORK, Aug 31 (Reuters) – The number of people traveling for the US Labor Day holiday weekend is expected to rebound to pre-pandemic levels and possibly … Read more

Foreign business travel missing ingredient for Irish hotel recovery – Dalata

Foreign business travel missing ingredient for Irish hotel recovery - Dalata

Register now for FREE unlimited access to Reuters.com Register DUBLIN, Aug 31 (Reuters) – Executives at Ireland’s large hub of multinational companies are still only going on a small fraction of the foreign business trips they made before the COVID-19 pandemic, the head of the country’s largest hotel operator said. Dalata Hotel Group (DHG.I), which … Read more

Holiday Inn owner IHG sweetens shareholder returns on travel rebound

Holiday Inn owner IHG sweetens shareholder returns on travel rebound

A general view of an Intercontinental Hotel in London, Britain October 20, 2020. REUTERS/Matthew Childs/File Photo Register now for FREE unlimited access to Reuters.com Register IHG shares down over 1% Announces $500 million share buyback Q2 RevPAR for Americas exceeds pre-pandemic levels Aug 9 (Reuters) – IHG (IHG.L) announced a $500 million share buyback on … Read more