Expedia Group’s hotel operations management platform Alice has been acquired by ASG, a portfolio company of Alpine Investors.

Asia Pacific was the region hit hardest by the COVID-19 pandemic according to the new annual Economic Trends Report from the World Travel & Tourism Council (WTTC).

Hertz Global Holdings, Inc. has announced that it has successfully completed its Chapter 11 restructuring process and has emerged.

The crash in international tourism due to the coronavirus pandemic could cause a loss of more than $4 trillion to the global GDP for the years 2020 and 2021.

Mastercard and LATAM Airlines Group announced today they have signed a seven-year agreement that seeks to enhance the travel experience for passengers around the world. 

The global vacation rental market is expected to grow by USD 62.97 billion during 2020-2024, progressing at a CAGR of almost 7% during the forecast period.