The FINANCIAL — Due to the unprecedented escalation of COVID-19, the Board of TUI are continuously evaluating the situation and are considering a variety of actions to support their customers, colleagues and stakeholders. Multinational travel and tourism company TUI (TUI.L) announced that
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The FINANCIAL — Airbnb Inc’s bookings in major cities across the world have plunged. People are deciding to cancel travel plans because of the coronavirus outbreak. Also, there is an increasing number of travel restrictions being put in place around the world.
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The FINANCIAL – Because of the coronavirus outbreak there is a sharp increase in travel insurance sales across the industry. Some companies are stopping to sell travel insurance. The coronavirus outbreak is likely to have a bigger effect on the world economy
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The FINANCIAL — President Trump addressed the nation Wednesday night and announced that all travel from Europe to the United States – with the exception of the U.K. – will be suspended for the next 30 days. Ban applies to anyone who
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The FINANCIAL — With oil prices down more than 20% since the start of the year as the economic impact of the coronavirus saps oil demand. Oil’s losses came even as OPEC agreed to cut crude output by an extra 1.5 million
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The FINANCIAL — British airline Flybe has collapsed. All flights have been grounded and that the business has ceased trading with immediate effect. The airline had been struggling for a while. A potential loan to Flybe was part of a rescue deal
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Roman Bokeria worked in various positions in the private sector as well as public institutions in the United States. He graduated from St. Petersburg State University of the Faculty of World Economics and Banking (1992-1996). He continued his studies at the Tbilisi
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Exports generated by international tourism reached USD 1.7 trillion in 2018, a 4% increase in real terms over the previous year, a new report from the World Tourism Organization (UNWTO) shows. For the seventh year in a row, tourism exports grew faster
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The FINANCIAL - TripAdvisor®, the world's largest travel site, has announced the winners of its Travelers' Choice® awards for Hotels. Travelers' Choice award winners were determined based on the millions of reviews and opinions collected in a single year from TripAdvisor travelers
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The FINANCIAL -- Over 140,000 tonnes – the equivalent weight of 66 London Eyes - of Christmas cargo expected to fly through Heathrow, the UK’s biggest port by value during the holiday season
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