AirAsia Group confident of returning stronger post pandemic despite setbacks in its overseas units
AIRASIA Japan, a unit of Malaysia-based AirAsia Group (33% stake), which shut down its operations October 5, filed for bankruptcy on November 17.
The airline, in a filing with Bursa Malaysia (stock exchange of Malaysia), said it was “due to insolvency resulting from a demand slump in [...]
Korean Air buys beleaguered Asiana Airlines to become world’s 10th largest airline
KOREAN Air is forking out 1.8 trillion won (US$1.6 billion) for Asiana and its affiliates Air Seoul and Air Busan, using cash from a 2.5 trillion won rights issue early next year.
Korean Air, currently the world's 18th largest, will become
Asiana's biggest shareholder with a 63.9 percent stake [...]
Asia Pacific airlines pledge greater collaboration with governments to reopen borders (UPDATED)
THE Asia Pacific aviation industry has made a commitment to work with governments to reopen borders, ensure the continued safety of aviation, as well as revive air travel.
This affirmation was made in a joint declaration issued at the end of 64th Assembly of Presidents of the Associa [...]
The WiT Podcast – Episode 26: Scott Peterson, Assistant Vice President, Entertainment, Resorts World Sentosa
SGUnited, in partnership with Singapore Tourism Board
Entertainment, defined as “an event performance, or activity designed to entertain others”. Well,
it has certainly not been able to do that for most of 2020 with the pandemic
shutting down live entertainment around the world.
In Singa [...]
Singapore, Abu Dhabi and Dubai airports secure top spots in Safe Travel Barometer’s Safe Travel Score
Airports in Singapore, Abu Dhabi, Dubai are among countries that have topped the global airport landscape with a Safe Travel Score of 4.4 out of 5. In Asia Pacific, Singapore’s Changi Airport was followed closely by Beijing Capital International Airport (PEK) with a Safe Travel Score of 4.3.
[...]
New survey reveals Covid has ‘drastically’ changed travel habits
Flying habits are set to change drastically for the long term, with eight in 10 passengers saying they will not return to their previous travel routines when the pandemic is over.
This is one of the key findings from a new global survey, Passenger Confidence Tracker, commissioned by Inmarsat an [...]
US$100 billion transacted online by SEA’s 400 million Internet users in 2020
Southeast Asia’s digital economy has not just stayed afloat in these tough times, but has seen accelerated growth.
Google, Temasek and Bain & Company’s recent e-Conomy SEA
2020 report said 40 million people came online for the first time this year,
bringing the total number of Internet [...]
Budget 2021’s allocations not sufficient to rescue Malaysia’s travel businesses, say tourism groups
Monetary incentives
provided in a national budget in any country is bound not to please everyone, and
that is the case in Malaysia’s Budget 2021 with the country’s tourism groups
expressing disappointment that the incentives fell short of expectations.
The annual budget presented in Parliame [...]
The Wrap: Marriott and Grab form ‘integrated” partnership, LIVE for Trip campaign raises millions for travel recovery, and more …
The
Wrap is a round-up of news in the travel and technology industries, and to keep
track of developments in these sectors as businesses adapt and reset to meet
challenges in the era of coronavirus.
Marriott brings its hospitality experience to South-east Asia through partnership with Grab
Bo [...]
No quick recovery to pre-Covid levels for APAC tourist destinations, says GlobalData
Despite some countries across Asia Pacific (APAC) negotiating travel bubble pacts with their “safe” counterparts in a move to revive the tourism sector, recovery to pre- pandemic levels may take time even after all restrictions are withdrawn.
According to data and analytics company GlobalDa [...]
