An initiative to encourage the industry to support the non-travel businesses started by Indian travel professionals As we face unprecedented global health, social and economic crisis, the travel and tourism industry is among the most affected sectors in light of the COVID-19 pandemic. With a prolonged lockdown imposed almost across the country coupled with domestic and international travel restrictions, for several travel companies it is no longer business-as-usual; pushing them to refocus and change the game plan going forward. With an aim to stand united during such trying times, The Digital Traveller in association with BRANDit, India’s leading multi-specialist Tourism Marketing Agency along with support from Skål International Bombay (144) have launched ‘The Marketplace‘. The Ma...
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Contactless technology solutions are gaining traction in the hospitality industry, as they reduce the potential risk of contracting COVID-19 through physical touchpoints. Against this backdrop, ‘contactless’ has emerged as the top conversation theme among influencer discussions in the hospitality industry on Twitter during April-September 2020, reveals GlobalData, a leading data and analytics company. Prashant Saxena, Influencer Expert at GlobalData, comments: “After the recent relaxation of air travel, hoteliers are getting prepared for their guests to return with the implication of new hospitality technologies to improve operations. They need to leverage self-service along contact-free technologies with an eye on health, safety and security norms.” According to GlobalData’s Lo...
Read MoreIn a historic first, G20 Tourism Ministers hosted more than 45 CEOs and Members of WTTC, who presented their plan to save the embattled Travel & Tourism sector and 100m jobs globally. During their G20 Chairmanship of the Tourism Track, Saudi Arabia requested the collaboration of the global travel and tourism sector on developing insights to help accelerate the global recovery. As a result, the WTTC presented a plan which aims to restart international Travel & Tourism and recover 100 million jobs globally. The private sector event was opened by Ahmed Al Khateeb, Saudi Arabia’s Minister of Tourism and Chair of the G20 Tourism Track and WTTC President & CEO, Gloria Guevara to set the scene. This was followed by a keynote from Chris Nassetta, President &am...
Read MoreTreebo raises $6M; to invest in technology, and strengthening defences against the pandemic
Treebo Hotels has announced that it has raised $6 Million (Rs 45 Cr) in a new round of investment from its existing investors. Matrix Partners India, SAIF Partners, Ward Ferry, and Bertelsmann India Investments participated in this round. The investment will help the company strengthen its defences against the COVID19 pandemic, which has had a severe impact on the economy, especially the travel sector. The company said that it would also use this money to continue building cutting-edge technology products for its business. Treebo is one of the very few companies around the world in the travel space that have been able to attract investment despite the onslaught of COVID. Commenting on the fundraise, Sidharth Gupta, co-founder of Treebo said, “Before the pandemic unfolded, Tre...
Read MoreManufacturer studies provide insight into extremely few incidents of COVID-19 inflight infections The International Air Transport Association (IATA) demonstrated the low incidence of inflight COVID-19 transmission with an updated tally of published cases. Since the start of 2020 there have been 44 cases of COVID-19 reported in which transmission is thought to have been associated with a flight journey (inclusive of confirmed, probable and potential cases). Over the same period some 1.2 billion passengers have traveled. “The risk of a passenger contracting COVID-19 while onboard appears very low. With only 44 identified potential cases of flight-related transmission among 1.2 billion travelers, that’s one case for every 27 million travelers. We recognize that this may be an underesti...
Read MoreAhead of the G20 summit of the world’s largest economies, which includes a dedicated tourism segment, the World Tourism Organization (UNWTO) has signed a Memorandum of Understanding with the International Air Transport Association (IATA), as the two parties work together to restart global tourism. Highlighting UNWTO’s unique status as a bridge between the UN system and the private sector, the new agreement will focus on enhancing consumer confidence in travel and placing sustainability at the centre of recovery and future growth. From the start of the current crisis, UNWTO has led the way in addressing the key factor needed for the successful restart of tourism. This agreement with the global trade association for the airline sector builds on this and deepens the existing collabora...
Read MoreThe International Air Transport Association (IATA) warned that the airline industry will burn through $77 billion in cash during the second half of 2020 (almost $13 billion/month or $300,000 per minute), despite the restart of operations. The slow recovery in air travel will see the airline industry continuing to burn through cash at an average rate of $5 to $6 billion per month in 2021. IATA called on governments to support the industry during the coming winter season with additional relief measures, including financial aid that does not add more debt to the industry’s already-highly-indebted balance sheet. To date, governments around the world have provided $160 billion in support, including direct aid, wage subsidies, corporate tax relief, and specific industry tax relief including ...
Read MoreThe World Tourism Organization (UNWTO) is to work with California-based Eightfold.ai to help connect tourism jobseekers with employers and so drive the global recovery of the sector. The new partnership will see UNWTO harness the power of the Eightfold Talent Exchange, a marketplace connecting workers impacted by the COVID-19 pandemic with available jobs. Using advanced deep-learning AI, the Exchange matches people to the right jobs in companies that are hiring, creating a bridge between those looking for a job and organizations that need to hire quickly. All 159 UNWTO Member States, as well as the more-than-500 Affiliate Members will benefit from direct access to the platform. They will also be able to offer Talent Exchange to workers who have lost their tourism-related jobs du...
Read MoreWhen Kashmir went into a coronavirus lockdown in March, tourism in the Indian-administered territory had already been hobbled by eight months of tight security restrictions that New Delhi imposed after revoking the region’s semi-autonomous status. Now hoteliers, taxi drivers and others relying on tourism in the region say the pandemic has compounded the financial shock to the industry and they fear it could take years to recover. The state of tourism in Kashmir is “a typical case of out of the frying pan into the fire,” said Faiz Bakhshi, a prominent businessman and former secretary general of the Kashmir Chamber of Commerce and Industry (KCC&I). Fall season is almost gone in Kashmir “I don’t see any resumption of tourism in Kashmir until there is zero incidence of COVID-1...
Read MoreTravel operators will have to deal with environmental impact as well
As young people unite across the world on the 25 September, in their first global action during the pandemic, it becomes clear that COVID-19 is not the only obstacle for future profitability for travel operators, says GlobalData, a leading data and analytics company. Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, comments: “38% of GenZ and 41% of millennials desire to hear news about a brand’s sustainability initiatives right now. How a brand is acting during COVID-19 is still the main priority, but this pandemic has shown the global population the impact that travel and tourism can have on the natural environment.” Operators continue to struggle amid slumps in travel demand and fluctuating travel corridors - for example, Ryanair recently reported its booking...
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