While some varied signs of restoration have begun to emerge in June, Counterpoint Research remains cautious and is holding to its earlier global automotive gross sales outlook of round 72 million items for 2020, a 20.1% decline from 2019. The UK car trade has additionally demonstrated indicators of enchancment in June, boosted by the reopening of more showrooms. According to stories Automotive of the Society of Motor Manufacturers and Traders … Read More
Battered UK travel industry calls for testing, more support
LONDON, Oct 14 (Reuters) – Britain’s travel industry called on the government for an airport testing regime and more tailored support as it published figures showing how the pandemic has sapped demand for the overseas trips that are its lifeblood.
ABTA, the UK industry body representing 4,300 travel brands, said that between February and July 2020, which included the country’s three-month lockdown period, only 15% of 2,000 Britons surveyed took
Luggage Market | Growing Travel and Tourism Industry to Boost the Market Growth
LONDON–(BUSINESS WIRE)–Oct 13, 2020–
The luggage market size is poised to grow by USD 16.67 billion during 2020-2024, progressing at a CAGR of about 7% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the
Meet the changemakers shaping the future of the travel industry
Beth Santos, CEO and Founder of Wanderful; Karisma Shackelford, Director of Wanderful Creators
Courtesy Beth Santos; Jonathan Gomez
Initiative: Wanderful’s “Moving Forward: An Anti-Racism Townhall for the Travel Industry” series
Over the past 11 years, Beth Santos has grown Wanderful from a blog dedicated to helping women travel safely into a global community that hosts events for over 45,000 female travelers, travel influencers, and
Downtown’s $420 million convention center expansion, backed by Wisconsin taxpayers, is proceeding despite travel industry depression
Downtown Milwaukee’s Wisconsin Center convention center expansion is proceeding — a $420 million taxpayer-financed investment — even as the COVID-19 pandemic has devastated the travel industry.
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The Wisconsin Center District, the state-created agency that operates the convention center and other downtown venues, will borrow funds by selling bonds to investors this fall.
The bond sale is to be completed by mid-December, followed by more design work and a
Could CommonPass Save the Travel Industry?
U.S. international travel has fallen an astonishing 87% this year, and the travel industry is reeling. To this point, there has been no silver bullet. A hoped-for summer travel bump never truly materialized (at least not in the air — Americans did take to the roads, especially around Labor Day Weekend), the airline industry is reportedly looking for another $25 billion bailout from Congress, and despite President Trump’s remarks at
Travel industry rips lawmakers, still hopeful
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President Donald Trump returned to the White House after three days at Walter Reed. He removed his mask on the steps of the balcony.
USA TODAY
The travel industry offered mixed reactions as lawmakers and President Donald Trump failed to pass further relief measures to aid one of the country’s most beleaguered sectors. Thousands of airline workers have been furloughed during the coronavirus pandemic, and four out of 10
Travel Industry Updates for Fall 2020 Business Travel
Planning business travel during the coronavirus pandemic is hard enough. With the winter months fast approaching, knowing what to look for may feel like an overwhelming task. If you’re worried about traveling in the coming months, there are policies to be aware of before you book any reservations.
Some destinations are open, some require a quarantine, and some are closed for most people, depending on where they are traveling from.
Trump Delays Relief Talks, U.S. Travel Industry Expresses Extreme Disappointment
After returning to the White House, the U.S. President Donald Trump cut off stimulus talks for a congressional coronavirus relief bill on Tuesday. The decision will affect already the hard-hit U.S. travel industry.
U.S. Travel Association President and CEO Roger Dow said, “Hardworking Americans whose livelihoods depend on travel and tourism cannot wait until after the election for relief. The reality is that small businesses in every pocket of America
US Travel Industry Ad Budgets Plummet in Historically Bad Year
We previously estimated 19.3% growth for travel digital ad spending, a relatively healthy figure in line with trends across nearly all verticals. No industry had digital ad spending grow at below double-digit rates at any point over the past three years.
Travel will now account for just 2.4% of digital ad spending, and its dramatic decline has had a cascading effect on the digital ad world. Earlier this year, we
Garcia: ‘Allow the Cruise Industry To Get Back To Business’ – Cruise Industry News
The Chief Operating Officer at Cruise Planners, Vicky Garcia, has pleaded on the U.S. government to allow the cruise industry to resume operations.
“[We’ve had] enough already… It’s affecting the entire industry: jobs are being lost and businesses are closing on the daily. This is unfair and blatantly irresponsible,” Garcia said during the Advocating for the Return of Cruises online press conference on Oct. 2.
This plea comes just days
Alaska Airlines to furlough or lay off more employees as COVID-19 grips travel industry | Business
As federal aid for airlines runs out and negotiations over more coronavirus relief stall, Alaska Airlines has begun cutting nearly 450 more flight attendants and other employees from its payroll while borrowing $1.3 billion from the U.S. Treasury.
The furloughs, first reported by online aviation magazine The Points Guy, were hardly unexpected. In June, Seattle-based Alaska announced it would begin slashing 3,000 jobs from its 23,000-person workforce starting at the
COVID-19 travel industry layoffs start as Congress fails to act
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Many U.S. airlines are overstaffed due to reduced flying schedules and low demand for air travel amid the coronavirus pandemic.
USA TODAY
Airlines, hotels and other travel-related businesses are trying desperately to urge Congress to act on a new relief plan in the wake of mass layoffs.
The day the airline industry didn’t want to see coming arrived Thursday, when 32,000 American Airlines and United Airlines employees face furloughs
‘Digital Runway and Backbone of Communications’ for the Global Aviation Industry: BARIG Welcomes SITA as a New Business Partner
SITA has become a new business partner of BARIG (Board of Airline Representatives in Germany), the association of more than 100 international and German airlines operating in Germany. SITA is a partner of the majority of airlines and airports across the globe. As such, the company is successfully committed to reliably meeting the demands of the aviation industry through technological progress, thus making a substantial contribution to the BARIG business
Beach Hotels Market Share Worldwide Industry Growth, Size, Statistics, Opportunities & Forecasts up to 2025
The MarketWatch News Department was not involved in the creation of this content.
Sep 29, 2020 (Market Insight Reports) —
Selbyville, Delaware In the latest report on ‘ Beach Hotels Market analysis on the recent industry trends is covered. The report further includes statistics, market forecasts and revenue estimations, that in addition highlights its status in the competitive domain as well as expansion trends adopted by major industry players.
Market
Airline, hotel industry reps both say their rebound depends on the return of business travel
U.S. airlines received $25 billion of payroll stimulus help from the government back in April. Now that relief is set to expire this week, the near future for the industry is little improved, and now its workers are desperate for another $25 billion in government help.
Delta Air Lines, United Airlines, and American Airlines all have plans to lay off or furlough tens of thousands of airline employees this week
Business Travel Market 2020: Industry Trends, Size, Share, Growth and Opportunities
The MarketWatch News Department was not involved in the creation of this content.
Sep 15, 2020 (SUPER MARKET RESEARCH via COMTEX) —
The global business travel market grew at a CAGR of around 5% during 2014-2019. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.
Business travel is a journey that is conducted by an
Online Travel Market : Industry Insights , Major Key Players and Current Trends Analysis
The MarketWatch News Department was not involved in the creation of this content.
Sep 29, 2020 (AmericaNewsHour) —
Kenneth Research has published a detailed report on Online Travel Market which has been categorized by market size, growth indicators and encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are
U.K. TV Coalition for Change: This is The Moment For an Industry Reset
In an unprecedented move, the U.K. television industry is uniting to hold quarterly discussions around working practices for freelancers. The TV Coalition for Change brings together broadcasters such as BBC, ITV, Channel 4 and Sky, as well as union Bectu and producers’ body Pact, among other orgs, in a series of meetings that kick off Tuesday. For Variety, organizers Adeel Amini and Abby C. Kumar discuss their vision for
Adventure Travel Market Size Global Industry Share, Growth, Segments, Revenue, Manufacturers and 2025 Forecast Research Report
The MarketWatch News Department was not involved in the creation of this content.
Aug 30, 2020 (The Expresswire) —
Global “Adventure Travel Market” (2020-2025) Report offers detailed research and analysis of key aspects of the global Adventure Travel market. Market participants can use the analysis of market dynamics to plan effective growth strategies and prepare for future challenges beforehand. Each trend of the global Adventure Travel market is … Read More