A March 26 report indicates that German industrialist Heinz Hermann Thiele has increased his ownership of the Lufthansa Group to become the airline companies’ biggest single shareholder.
Shares of cruise lines have taken on more water after the industry's major players were shut out from government assistance.
More than 6,000 travel industry and related organizations on Friday sent a joint letter to congressional leadership requesting aggressive and immediate financial relief in light of the COVID-19 coronavirus pandemic.
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.
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