Uber has announced plans it hopes will reduce operating expenses by US$1 billion this year in response to the economic challenges resulting from the Covid-19 pandemic.
Fly Now Pay Later has raised approximately €39.2 million in Series A equity and debt funding, as it ramps up a new and more flexible way to finance travel in a post Covid-19 world.
Travel experts guests can see and talk to about holiday plans will be more important than ever in the new-look travel era, according to Kuoni. The belief has prompted the company to unveil a new video appointment service for luxury holidays.
Amadeus has seen revenue contract by 27 per cent during the first quarter of financial 2020, to €1,021 million. Adjusted profit contracted by 58 per cent, to €141.8 million.
The first of these trials will be a temperature screening technology which uses camera detection systems capable of monitoring the temperatures of people moving through the airport.
As demand for travel stalls, the company added it would scale back or halt newer initiatives, such as investments in hotels and luxury resorts and flights.
Corporate travel buyers, travel management companies and business travel decision makers can conveniently book travel and modify reservations with just a few clicks.
Cirium tracking data has provided further tentative evidence that the global passenger jet fleet may have passed the nadir of scheduled flight activity in recent days.
Kanika Soni, chief commercial officer, Tripadvisor, said: “At this challenging time, we know Tripadvisor can play a unique role in helping to support the accommodation needs of frontline medical workers who seek out temporary housing."
Travel agents who find themselves yearning for white sandy beaches and crystal-clear waters during lock-down can now ‘transport’ themselves to the Caribbean on a virtual fam trip.
With travel plans on hold and social distancing in full force, would-be adventurers and travellers across the globe can only dream of their next getaway.
Airbnb has secured a further $1 billion in loans from institutional investors. The cash comes as the home rental site seeks to bolster is liquidity position in the midst of the Covid-19 pandemic.