travelindustry
“The shock announcement of mass redundancies at P&O, as the company struggles with deep losses is another reminder of the devastation Covid has wreaked on the travel industry. From airlines to cruise companies, hotel chains to tour operators, it’s been a hugely challenging two years, with many companies faced with taking on a huge burden of extra debt to try and stay in business. Q4 2021 hedge fund letters, conferences and more P&O's WoesP&O has faced woes before, and financial problems stretch back two decades when once popular routes were scrapped. That was blamed on low-cost airlines and ch...
ValueWalk
After a torrid 2021, the travel industry is getting ready for a boom this year as travelers are booking at a higher pace than in pre-pandemic 2019. However, the roaring comeback is not without its challenges, and several industry insiders are wary of the capacity to meet the demand. Q4 2021 hedge fund letters, conferences and more Travel ComebackBrandon Berkson, founder of Hotels Above Par in New York told CNBC that the surge in bookings is because “People want to make up for lost time.” He further asserts that people’s hunger for travel this year is higher than ever before. This view is share...
ValueWalk
“The relaxation of testing rules is the late-late Christmas present the travel industry had been holding out for. Shares in London listed airlines lifted again today – as the rumour mills swirled that lateral flow tests would replace expensive PCRs on arrival in the UK, and pre-departure tests would be scrapped – a move confirmed by the government near the end of the trading day. Q3 2021 hedge fund letters, conferences and more A Hope For The Travel IndustryWith Omicron now rampant across the UK, ministers heeded calls from travel and tourism bosses, frustrated that the complexity of the rules...
ValueWalk
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