As many as one million jobs are being lost every day in the tourism sector due to the sweeping effect of the coronavirus pandemic, according to the World Travel & Tourism Council.
Tripadvisor is actively trying to sell its collection of five vacation rental brands. The move comes as it focuses more on its experiences, dining, hotels, and media businesses.
Tour operator TUI has temporarily suspends the “vast majority” of all travel operations due to an outbreak of Covid-19 around the world.
Extreme measures by governments across the world to contain the spread of the novel coronavirus could cost the tourism industry 50 million jobs.
In light of the novel coronavirus outbreak and its massive impact on the travel industry, Airbnb has tweaked its reservation policies to help hosts and guests cancel bookings without taking a loss.
The World Bank’s Board of Executive Directors approved today a US$56 million grant from the International Development Association (IDA) for the Cap-Haitien Urban Development Project.
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