Tag: COVID-19

TFE Hotels left with Travelodge COVID quarantine mess, guests evacuated

The reputation of TFE Hotels, one of Australia’s largest accommodation groups, has taken a hit after 366 guests quarantined in the Travelodge Hotel Sydney were last night evacuated by NSW Police who determined that complaints about poor standards of cleanliness and hygiene at the property were valid. Guests, some of whom had had vigorously complained about […]

Travel back to (almost) normal by 2024

Macquarie Research has brought forward its travel industry recovery profile by 6-9 months due to the rollout of global vaccines in its latest analysis of the Flight Centre business. “We forecast 85% Total Turnover Value  recovery (of pre COVID-19 levels) in FY24 (FY21: 30% recovery, FY22: 55%, FY23: 75%), with more emphasis expected on domestic […]

2020 worst year ever for Europe, US, Asia Pacific, Middle East and African hotel markets

COVID-wracked 2020 was the worst year ever in terms of performance for the Asia-Pacific, US, Europe, African and Middle East  hotel markets, according to industry analyst STR. Asia Pacific Occupancy: 44.5% (-35.6% compared with 2019) Average daily rate (ADR): US$74.99 (-22.2%) Revenue per available room (RevPAR): US$33.39 (-49.9%) Each of the three key performance metrics […]

Qantas targets $15 billion in cost savings over next three years

While so many airlines around the world are finding their way to cut costs and keep operations running, this trend unfortunately has also impacted Australia’s most popular airline. Qantas CEO Alan Joyce expects the airline group to cut $15 billion from its operating costs over the next three years, mostly through reduced flying with just […]