Airlines on the edge fear repayments
The airlines are at risk of losing everything after canceled flights and demands from millions of travelers to get money back, IATA says.
The International...
Scandic closes 17 of 27 Danish hotels
Scandic is temporarily shutting down 17 of its 27 hotels in Denmark. For now, the closures are in effect until after Easter.
Scandic Hotels are...
Losing 250 million Kroner a month
Petter Stordalen's hotels have major problems related to the corona epidemic. The tourism magnate fears full collapse.
Stordalen's hotels lose NOK 250 million a month...
Travel industry in emergency money shortage
Corona-canceled travel means that the Norwegian travel industry owes its customers a considerable amount. The deadline for payment within 14 days is not possible...
Carnival cancels all journeys
The American company Carnival stops all voyages with its cruise ships for two months.
TUI signs German bridge loan
KFW and TUI AG confirm the signing of a € 1.8 billion government bridge loan. The loan is guaranteed by the German federal government...
DRF: Auxiliary Corona package is not sufficient
The Danish Travel Agency Association describes yesterday's aid package for the travel industry as an initiative that "temporarily stops bleeding". At the same time, the association emphasizes that much greater initiatives are needed.
Nearly nine out of ten hotel rooms bookings were extinguished
More and more hotel rooms in the country are empty in the wake of the corona virus. According to business organization Visita, which has...
Sweden, tourism is worst hit by corona
The hospitality industry and tourism industry are drastically affected as travel decreases and events are canceled. We do not know exactly how the downturn...
Tourism loss in Denmark costs 38 billion
A statement from Danske Bank shows that Danish hotels, restaurants, holiday rentals, etc. are going to be missing $ 38.2 billion DKK in lost...
