Tag Archives: billion

COVID-19 pandemic has value international tourism trade $935 billion

WMB Travel Pro COVID-19-pandemic-has-cost-global-tourism-industry-935-billion COVID-19 pandemic has value international tourism trade $935 billion

COVID-19 pandemic has had an enormous monetary impression on tourism globally, affecting all nations world wide, in addition to airways, journey operators and different hospitality suppliers within the sector Continue reading COVID-19 pandemic has cost global tourism industry $935 billion at eTurboNews | Trends | Travel News Online. The publish COVID-19 pandemic has cost global […]

Boeing charged with 737 Max fraud conspiracy, to pay over $2.5 billion in fines

WMB Travel Pro Boeing-charged-with-737-Max-fraud-conspiracy-to-pay-over Boeing charged with 737 Max fraud conspiracy, to pay over $2.5 billion in fines

Boeing pays a complete legal financial quantity of over $2.5 billion, composed of a legal financial penalty of $243.6 million, compensation funds to Boeing’s 737 MAX airline prospects of $1.77 billion, and the institution of a $500 million crash-victim beneficiaries fund to compensate the heirs, kin, and authorized beneficiaries of the 346 passengers who died […]

Boeing to pay USD 2.5 billion for settling fraud cost over 737 Max airplane

WMB Travel Pro Boeing-to-pay-USD-25-billion-for-settling-fraud-charge Boeing to pay USD 2.5 billion for settling fraud cost over 737 Max airplane

Boeing has agreed to pay USD 2.5 billion to settle felony prices within the US centred on the troubled 737 Max. Officers argued the producer hid info from security inspectors concerning the design of the plane. The US justice division mentioned the agency selected revenue over candour, impeding oversight of the planes, which have been […]

Australia braces for $1.4 billion loss on account of Chinese language tourism stoop

WMB Travel Pro Australia-braces-for-14-billion-loss-due-to-Chinese-tourism Australia braces for $1.4 billion loss on account of Chinese language tourism stoop

Absence of cashed-up guests from China will value Australian tourism $1.4 billion over Chinese language New Yr vacation interval Continue reading Australia braces for $1.4 billion loss due to Chinese tourism slump at eTurboNews | Trends | Travel News Online. The publish Australia braces for $1.4 billion loss due to Chinese tourism slump appeared first […]

Malaysia unveils 10-year tourism plan after USD 25 billion loss in 2020

WMB Travel Pro Malaysia-unveils-10-year-tourism-plan-after-USD-25-billion-loss Malaysia unveils 10-year tourism plan after USD 25 billion loss in 2020

Malaysia has launched a 10-year plan to restart its battered tourism sector, which is estimated to have misplaced greater than MYR 100 billion (USD 24.61 billion) this 12 months as a result of coronavirus pandemic. The Southeast Asian nation had initially focused 30 million vacationer arrivals via its ‘Go to Malaysia 2020’ programme, up from […]

Saudi Arabia goals to draw USD 58 billion investments in tourism by 2023

WMB Travel Pro Saudi-Arabia-aims-to-attract-USD-58-billion-investments-in Saudi Arabia goals to draw USD 58 billion investments in tourism by 2023

Saudi Arabia is aiming to draw new investments price SAR 220 billion (USD 58 billion) by 2023, and greater than SAR 500 billion (USD 133.27 billion) till 2030. This was revealed by the nation’s minister of tourism Ahmad Al-Khatib through the 2021 Price range Discussion board. He added that buyers are eager to spend money […]

Korean Air to purchase Asiana Airways for USD 1.6 billion

WMB Travel Pro Korean-Air-to-buy-Asiana-Airlines-for-USD-16-billion-1200x800 Korean Air to purchase Asiana Airways for USD 1.6 billion

South Korean flag provider Korean Air stated immediately it would purchase out its smaller troubled rival Asiana Airways in a USD 1.6 billion deal because it appears to be like to consolidate with the coronavirus pandemic sending shockwaves by way of the worldwide aviation sector. Worldwide journey restrictions imposed to stop the illness from spreading […]

Carnival and Royal Caribbean lose $4.1 billion in Q3

WMB Travel Pro Carnival-and-Royal-Caribbean-lose-41-billion-in-Q3 Carnival and Royal Caribbean lose $4.1 billion  in Q3

In keeping with its Q3 2020 earnings report, Carnival Corporation suffered a $2.9 billion loss throughout the interval. Its income dropped from $6.53 billion in Q3 2019 to $31 million, a 99.5% decline for the highest cruise firm globally. The second largest cruise line, Royal Caribbean had a $1.2 billion loss throughout the identical interval […]

Staycations to inject EUR8.8 billion in UK economic system

WMB Travel Pro Staycations-to-inject-EUR88-billion-in-UK-economy Staycations to inject EUR8.8 billion in UK economic system

New analysis has proven that 55% of Brits are planning staycations in sunnier elements of the UK and set to deliver EUR8.8 billion in UK’s economic system. Parkdean Resorts surveyed and analysed information from over 2,000 individuals to know the place persons are planning to go on a vacation, how a lot people are planning […]

World’s 5 largest airways misplaced over USD 40 billion since January amid COVID-19

WMB Travel Pro Worlds-five-largest-airlines-lost-over-USD-40-billion-since-1200x800 World’s 5 largest airways misplaced over USD 40 billion since January amid COVID-19

Not many industries have skilled such a extreme affect of the coronavirus pandemic just like the airline business. Whereas the worldwide journey restrictions and the lockdown guidelines are anticipated to trigger airline passenger revenues to drop by USD 300 billion in 2020, the world’s largest airline firms are witnessing staggering losses of their market capitalisation. […]

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