Like the rest of the world, 2020 was one of the most challenging years for Melbourne city hotels. The city that consistently ranks as one of the most livable cities in the world ended the year with an average hotel occupancy rate of just 38%. This compares to a much more respectable 84% in 2019. […]
Melbourne’s Two-Speed Hotel Recovery Read More »
Last week on 1 December 2020, the Australian Government detailed its support package for Travel Agents as part of a A$128 million assistance scheme. As part of the support package, eligible travel agents will be entitled to one-off payments of up to $100,000 in recognition of the impact of COVID-19 pandemic on the travel industry.The announcement
Assistance for Australia’s Travel Agents Read More »
This week on 9 November 2020, a day after the US Election result, Pfizer and BioNTech announced that their BNT162b2 vaccine was more than 90% effective in preventing COVID-19. Although the data is preliminary, the results were better than expected and sparked renewed optimism in financial markets and economic growth worldwide. The news was a
Vaccine a much-needed boost to Travel Industry Read More »
The Airline business model continues to evolve during COVID-19 pandemic. Singapore Airlines (SIA) A380 Dining Experience has proven to be a hit. Media reports confirm that seats in both aircrafts sold out within 30 minutes of launch. Singaporeans had no second thoughts when they pulled out their wallets, just to experience the nostalgic excitement of
Singapore Airlines Airbus A380 Restaurant Read More »
According to recent media reports, Firefly Airlines will start flying jet planes in the first quarter of 2021. This announcement comes amidst the move by its parent Malaysia Aviation Group MAG to negotiate steep discounts from lessors and creditors in an effort to keep Malaysia Airlines afloat. Firefly currently flies turboprop planes out of Subang
Malaysia’s Firefly to offer Jet Flights early 2021 Read More »
Minor International has indicated that it may cut more jobs and shut recently re-opened hotels amidst the Covid-19 pandemic and travel restrictions globally. Minor operates some of the leading brands in the industry including Anantara, Avani, The Oaks, NH Hotels, Tivoli Hotels & Resorts, with 526 hotels under its umbrella. According to Chairman and Founder
Further Cuts at Minor Hotels Read More »
After six months of COVID-19 lockdown globally, major OTAs have been on a restructuring path and taking new steps to address the decline in global hotel demand. During May, Agoda announced the lay off of some 1,500 workers or around a quarter of its total workforce of 5,500 employees then. Of its 4,000 remaining employees,
Agoda Confident of its Future Read More »
