Revolut’s new super app, ‘Stays’, could threaten the profitability of leading travel brands across Europe and the US, says GlobalData. The leading data and analytics company notes that the app has beat leading brands in the move towards end-to-end booking solutions, which comes right at home with travel-hungry customers looking for deals online. British-based digital banking app Revolut’s new service allows users to book travel accommodation and receive up to 10% in cashback. It is Revolut’s first non-financial or insurance product launch. Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, comments: “Revolut’s app allows travelers to book accommodation ranging from B&Bs to luxury lodges, as well as offering payment end solutions and currency exchange rates wi...
Read MoreDay: August 4, 2021
Saving rich biodiversity and decarbonizing by 2050 are the targets Costa Rican lawmakers this week will discuss a bill to permanently ban fossil fuel exploration and extraction, a move that would prevent future governments from pivoting on the issue as the popular eco-tourism destination country aims to decarbonize by 2050. General view of the National Park Tapamti in Orosi, 80 miles (128km) of San Jose. Green trailblazer Costa Rica is drawing up plans to cut its net greenhouse gas emissions to zero before 2030, the government said on Thursday, and aims to be the first nation to offset all its carbon. REUTERS/Juan Carlos Ulate Costa Rica started efforts to ban fossil fuel exploration in 2002 under President Abel Pacheco. This ban was supposed to expire in 2014 but later extended ...
Read MorePrivate aviation companies are making a beeline for executives wary of flying commercial to business meetings due to a limited offering of direct flights, as corporate travel eases back this fall after a pandemic-induced slump. Private air traffic has rebounded above 2019 levels, helped by wealthy leisure travelers avoiding commercial earlier in the pandemic to avoid contracting the virus or due to fewer direct flights. FILE PHOTO: An interior view of Bombardier's Global 7500, the first business jet to have a queen-sized bed and hot shower, is shown during a media tour in Montreal, Quebec, Canada. REUTERS/Christinne Muschi Now, some charter companies are trying to extend that advantage to corporate travel, with scheduled flights to some business hubs still below 2019 levels despi...
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