The post Etihad Airways reports staggering USD 1.7 billion loss appeared first on TD (Travel Daily Media) Travel Daily. Abu Dhabi’s national carrier Etihad has reported core operating losses of USD 1.7 billion in 2020, reflecting the severe toll of the coronavirus pandemic on the long-troubled airline that has lost billions in recent years. The […]
Tag Archives: USD
02
Mar
Mar
The post Delaying restart of international travel will cost UK economy USD 37 billion: WTTC appeared first on TD (Travel Daily Media) Travel Daily. The World Travel & Tourism Council (WTTC) has warned that nearly GBP 27 billion (USD 37.46 billion) will be lost from the UK economy if the government delays restarting international travel […]
26
Feb
Feb
The post Saudi Arabia announces USD 3 billion luxury mountain hub plan appeared first on TD (Travel Daily Media) Travel Daily. Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Deputy Prime Minister and chairman of the Public Investment Fund (PIF) in Saudi Arabia has announced the launch of Soudah Development Company (SDC) […]
Travel Guide
Travelling to Scotland? All arrivals to pay USD 2413 for 10-day mandatory hotel quarantine
12
Feb
Feb
Scottish transport secretary, Michael Matheson, has confirmed all visitors to the country will be required to stay in a designated hotel for ten days on arrival from. Six hotels close to Aberdeen, Edinburgh and Glasgow airports with a combined capacity of 1,300 rooms will be used to implement the quarantine. The cost of the stay, […]
10
Feb
Feb
Intrepid Travel’s non-profit The Intrepid Foundation, in partnership with the NGO MEDLIFE, has delivered meals to over 350 families in Peru’s Sacred Valley. The Intrepid Foundation raised AUD 20,000 (USD 15458) to provide the meals, which will help to feed more than 1,700 people. Many of these families are cooks and porters whose livelihoods have […]
Travel Guide
World’s Coolest Winter! How UAE’s domestic tourism campaign creates USD 272 million revenue in a month
29
Jan
Jan
The UAE’s inaugural domestic tourism campaign, World’s Coolest Winter, attracted 950,000 tourists from across the country, reportedly driving AED 1 billion (USD 272.2 million) of revenue into the hospitality sector within one month, said a report. The 45-day campaign was launched on December 12, 2020 and concluded on January 25, 2021, as part of the […]
28
Jan
Jan
A new report from the UN agency for civil aviation has confirmed that international passenger traffic suffered a dramatic 60% drop over 2020, bringing air travel totals back to 2003 levels. The International Civil Aviation Organisation (ICAO) reported that as seat capacity fell by 50% last year, passenger totals dropped by 60% with just 1.8 […]
25
Jan
Jan
Australia’s tourism industry is forecast to lose almost USD 7 billion and place 320,000 jobs at risk over the summer holiday period due to domestic and international border closures brought in by COVID-19. New analysis by the Tourism and Transport Forum (TTF) found that in the short period of December 24, 2020 to January 31, […]
15
Jan
Jan
Singapore Airlines has raised USD 500 million in its first US dollar bond issue, which the company will use to buy new aircraft as the global aviation industry prepares for a post-pandemic travel rebound. The transaction was finalised on 14 January and the price was set at U.S. treasuries plus 260 basis points, according to […]
14
Jan
Jan
Vietjet Aviation Joint Stock Company has raised a total of VND 650 billion (USD 28 million) from selling 6.5 million bonds which is a result from its year-end bond issue in early December last year. The bond sale is a part of Vietjet’s mid-and-long-term bond plan to seek capital from the investors. The newly acquired […]
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