Wrapping up quarterly results from the three major credit card companies, a clear ramp up is happening in transactions across the travel and entertainment categories, but growth among large corporations and cross-border spending may stall.
Millions more essential workers could be hitting the road in the coming years, thanks to Joe Biden’s $1.2 trillion infrastructure bill. And that’s a lot of bookings for all travel companies, if they're prepared to do their homework early on.
It could be years before the airline industry fully recovers from the Covid-19 pandemic, outgoing Southwest CEO Gary Kelly says. But as he leaves his job, he believes Southwest's domestic route network will stand it in good stead to capitalize on changing travel trends.
Sabre’s chief commercial officer Roshan Mendis has become an independent director, which seems enough to settle a dispute that could have derailed Yatra's plan to go public.
Funnelling budget to target these more affluent, longer-stay visitors makes sense. It might even address the labor crunch. But cities probably shouldn't take their eyes off traditional tourists at this delicate time.
The vaccine maker’s decision to axe client-facing sales roles, and increase the number of virtual meetings it has with customers, shouldn’t ring alarm bells among the travel industry just yet.