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There are presently 110 flights around the world from São Paulo provided by Emirates.Once more Emirates flights arrive in Brazil, Brazil will launch advertising campaigns to promote Brazilian destinations in the UAE and other major international hubs.Expo Dubai 2020 has the participation of 190 countries and an estimated audience of approximately 25 million people for duration of the event.
From São Paulo, Emirates currently offers 110 flights around the world. “Those who have already had the opportunity to be on an Emirates flight can confirm the zeal with which they treat passengers, with modern aircraft and services that make the experience of flying very pleasurable. When the company starts offering more Brazilian destinations, we are sure that demand will be high. It will increase the number of international tourists arriving in our country,” said Minister Gilson Machado Neto.
The President of Embratur and the Minister of Tourism indicated to Sheikh Ahmed bin Seed Al Maktoum that once more Emirates flights arrive in Brazil, Brazil will launch advertising campaigns to promote Brazilian destinations in the United Arab Emirates and other major international hubs. “Our investment for the insertion of Brazilian products and destinations will be directed towards relationship building actions with the local trade, such as training, business roundtables, famtours, in addition to actions with the final public,” explained the Minister.
At the inauguration of the Brazil Pavilion at Expo Dubai 2020, the President of Embratur, Carlos Brito, highlighted the importance of Brazil’s participation in events such as Expo Dubai. “The promotion of our country abroad is even more necessary in this scenario of increased vaccination and gradual resumption of travel. The world needs and deserves to know our tourism,” he said. Among the activities planned by Embratur and the Ministry of Tourism for the fair are welcoming visitors, cultural events, exhibitions with images and handicrafts, music and dance typical of all Brazilian regions. In addition, Embratur is also planning activities for brand experience to increase interaction with visitors and will distribute promotional materials.
President of Embratur Carlos Brito
The President of Embratur and the Minister of Tourism have also scheduled meetings with international representatives during the Expo, including consultations with the Vice-Prime Minister and Minister of Slovenia’s Economic Development and Technology, Zdravko Počivalšek, and San Marino Tourism Secretary Frederico Amati. A bilateral agreement between Brazil and Slovenia should be signed during the participation of Embratur and the Ministry of Tourism in “Week of Brazil,” held between November 9 to 15, at Expo Dubai 2020.
Brazilian tourism is represented by the actions of Embratur (Brazilian Agency for the International Promotion of Tourism) at Expo Dubai 2020. On two occasions, the Agency is taking typical Brazilian attractions to the United Arab Emirates: at the opening, between October 1 and 9, and during Brazil Week, from November 9-15. Held every five years and considered one of the most significant events in the world, the World Expos have great relevance for the presentation of countries. They are primarily focused on innovation and business generation. Postponed from last year due to the COVID-19 pandemic, Expo Dubai 2020, which was postponed due to COVID-19 and is being held from October 1, 2021 to March 31, 2022, has the participation of 190 countries and an estimated audience of approximately 25 million people for the six-month duration of the event.
#rebuildingtravel
As of 21 October 2021, Air France operates two weekly designated Vaccinated Travel Lane (VTL) flights from Paris to Singapore.As of 1 November 2021, KLM operates two weekly designated Vaccinated Travel Lane (VTL) flights from Amsterdam to Singapore.Travelers must meet all Vaccinated Travel Lane (VTL) requirements.
As of November 1, 2021 KLM Royal Dutch Airlines will offer quarantine-free travel with designated Vaccinated Travel Lane (VTL) flights to Singapore from Amsterdam every Monday and Saturday.
Through its hub in Amsterdam-Schiphol Airport, KLM will tap into their complementary network and offer four weekly designated VTL flights and six weekly non-designated VTL flights to Singapore.
Roland Coppens, General Manager Air France KLM South East Asia and Oceania commented: “”We fully understand that people want to travel and reconnect with family and friends, and we are excited to resume leisure and business travel to Singapore. Air France and KLM have created a complementary network with four weekly designated VTL flights to Singapore, as well as six non-designated VTL flights from Paris and Amsterdam. With our extensive Air France KLM network, we are able to connect many VTL countries via our dual hubs in Paris and Amsterdam, with flexible ticket conditions.”
KLM flight schedule from Amsterdam to Singapore
ScheduleFlight NumberDayDepartureArrivalAircraft21 October 2021to 31 October 2021KL835/KL837/KL839Daily21:1515:45+1B787/B77W01 November 2021 to 26 March 2022KL835/KL837/KL839TuesdayWednesdayThursdayFriday21:0516:20+1KL833 (VTL)MondaySaturday
Spirit Airlines adds four sunny spots in Florida from Kansas CitySpirit will start flying from Kansas City International Airport to Fort Lauderdale, Fort Myers, Pensacola and TampaSpirit is growing their presence at Kansas City International Airport through new routes and additional frequencies
Summer travel is about to be as smooth as the best Kansas City jazz, thanks to new nonstop options from Spirit Airlines. The carrier is adding flights to cities stretching from South Florida to the state’s panhandle.
Spirit Airlines’ bright yellow planes will start flying from Kansas City International Airport (MCI) to Fort Lauderdale (FLL), Fort Myers (RSW), Pensacola (PNS) and Tampa (TPA) between now and early June. The new destinations nearly double the airline’s list of cities served from MCI, complimenting expanded service with more flights to Orlando (MCO), Las Vegas (LAS) and Myrtle Beach (MYR) each week.
“Our Kansas City Guests told us they’re ready to get out and travel as vaccination efforts continue, and we’re responding with an unbeatable list of options stretching from Los Angeles to Fort Lauderdale,” said John Kirby, Spirit Airlines Vice President of Network Planning. “Kansas City knows Spirit treats its Guests like family, gets them there on time and leaves them with more money to spend on all the fun stuff once they arrive.”
Flights from Kansas City (MCI)DestinationFlights AvailableLaunch DateFort Lauderdale (FLL) NEWDailyJune 10Fort Myers (RSW) NEWTue./Thur./Sun.June 10Pensacola (PNS) NEWMon./Wed./Fri./Sat.June 10Tampa (TPA) NEWMon./Wed./Fri./Sat.June 9Detroit (DTW)Mon./Wed./Fri./Sat.Existing ServiceLas Vegas (LAS)2x DailyIncreased ServiceLos Angeles (LAX)DailyExisting ServiceMyrtle Beach (MYR)Tue./Thur./Sun.Increased ServiceOrlando (MCO)2x DailyIncreased Service
Traffic fell in September, with a loss of 5.5 million passengers over the course of the month. Just over 1.2 million passengers traveled through Heathrow in September, down 82% compared to 2019. Most travel is to the remaining European destinations on the UK’s travel corridors list. However, the number of countries on this list has […]
- eTurboNews | Trends | Travel News
Officials cut celebratory ribbon at the inauguration of Volaris’ nonstop service between Mineta San José International Airport (SJC) and Mexico City International Airport (MEX) yesterday. The flights operate three times weekly – Mondays, Wednesdays, and Fridays – now making Volaris the only foreign-flag carrier offering commercial flights at SJC. The new Volaris operation at SJC is the […]
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China’s Zhejiang Loong Airlines Co. Ltd (Loong Air) launched a new direct flight between Chengdu, capital of southwest China’s Sichuan...
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Delta travelers out of Asia with an eye for the authentic will soon feast on staples-turned-standouts like oven-baked sesame dumplings,...
Etihad Airways and Swiss International Air Lines (SWISS) have launched a new codeshare partnership with bookings effective immediately. Under the agreement,...
Fully vaccinated visitors from India still required to go to 10-day COVID-19 quarantine.The Covishield vaccine was developed jointly by Oxford University and AstraZeneca and is manufactured by Serum Institute of India.Britons vaccinated in the UK with the same Indian-made jabs are not required to quarantine.
The United Kingdom has announced that it will relax COVID-19 pandemic curbs for fully vaccinated foreign visitors starting early next month.
But the list of countries with approved vaccines does not include India, despite the country using a locally made version of the AstraZeneca vaccine developed in the UK, and it causes some political unease and threats of reciprocal retaliation from Indian officials.
The Covishield vaccine, developed jointly by the Oxford University and AstraZeneca and manufactured by Pune-based Serum Institute of India, is not recognized by the United Kingdom under the new rule despite being technically identical to the doses given to millions of Britons.
The AstraZeneca vaccine makes up most of the doses given to Indians to date. A smaller number have taken an indigenous vaccine developed by Bharat Biotech, which is not in use in the UK.
India’s foreign minister has urged the British government authorities for an “early resolution of quarantine issue” with Indians visiting the United Kingdom still being required to quarantine even if they are fully vaccinated.
New entry rules, that come into effect in October, have angered many Indians, who branded the decision as discriminatory. Britons vaccinated in the UK with the same Indian-made jabs are not required to quarantine.
“Urged early resolution of quarantine issue in mutual interest,” Foreign Minister Subrahmanyam Jaishankar said in a tweet today after a meeting with his British counterpart Liz Truss in New York, where both are attending the United Nations General Assembly.
Britain’s move could also lead to retaliation from New Delhi, with an Indian government official saying it was likely to take reciprocal steps if the issue is not quickly resolved.
“The basic issue is that, here’s a vaccine – Covishield – which is a licensed product of a UK company manufactured in India of which we have supplied five million doses to the UK at the request of the government,” India’s Foreign Secretary Harsh Vardhan Shringla told reporters in New Delhi.
Calling the non-recognition of Covishield “a discriminatory policy”, he said negotiations were under way with the UK over the new requirements.
“But if we don’t get satisfaction we would be within our rights to impose reciprocal measures.”
The British High Commission in New Delhi said the UK was working with India to resolve the issue.
The rule, that mandates 10 days of self-isolation for travelers arriving from India, also apply to many other countries using Covishield, including most African ones.
Airlines for America (A4A), the industry trade organization for the leading U.S. airlines, announced today that the Board of Directors has elected Southwest Airlines Chairman and CEO Gary Kelly to serve as the Chairman of the Board for a two-year term beginning January 1, 2021. Robin Hayes, CEO of JetBlue Airways, was elected to serve […]
- eTurboNews | Trends | Travel News Online
On November 12, Lufthansa will start the first test runs for comprehensive Covid-19 antigen rapid tests on selected routes between Munich and Hamburg. In close cooperation with Munich and Hamburg airports as well as with the biotech companies Centogene and the Medicover Group’s medical care center, MVZ Martinsried, the airline is offering its customers the […]
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Ugandans got a glimpse of the first of the two Uganda Airlines A330neo aircraft – the A330-800 – being rolled out of the yard after branding in national colors. This was posted on the AirbusNeo330 facebook page prompting euphoric response on social media. A tweet on the official Uganda airlines page stated, “Soon General Wamala […]
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It appears that air freight industry has passed a cyclical growth peak Click to read the full article IATA: September...
Airbus has decided to setup two Zero-Emission Development Centers (ZEDC) at its sites in Bremen and Nantes.The goal of the ZEDC is to achieve cost-competitive cryogenic tank manufacturing.Both ZEDCs will be fully operational by 2023 to build LH2 tanks with a first flight test scheduled for 2025.
Airbus has decided to concentrate its efforts for metallic hydrogen tanks in a complementary setup by creating Zero-Emission Development Centers (ZEDC) at its sites in Bremen (Germany) and in Nantes (France). The goal of the ZEDC is to achieve cost-competitive cryogenic tank manufacturing to support the successful future market launch of ZEROe and to accelerate the development of hydrogen-propulsion technologies. The design and integration of tank structures is crucial to the performance of a future hydrogen aircraft.
The technology developments will cover the full product and industrial capabilities from elementary parts, assembly, systems integration and the cryogenic testing of the final liquid hydrogen (LH2) tank system. Both ZEDCs will be fully operational by 2023 to build LH2 tanks with a first flight test scheduled for 2025.
Airbus chose its site in Bremen because of its diverse setup and decades of LH2 experience within Defense and Space and ArianeGroup. The ZEDC in Bremen will initially focus on system installation as well as for the overall cryogenic testing of the tanks. Furthermore, this ZEDC will benefit from the wider hydrogen research ecosystem such as the Centre for Eco-Efficient Materials and Technologies (ECOMAT) and from further synergies from space and aerospace activities.
Airbus chose its site in Nantes because of its extensive knowledge in metallic structural technologies related to the center wing box, including the safety-critical center tank for commercial aircraft. The ZEDC in Nantes will bring its ability to manage equally a wide range of metallic, composite technologies and integration as well as its experience in codesign activities on nacelle inlets, radomes and center fuselage complex work packages. The ZEDC will benefit from the Nantes Technocentre skills and capabilities, supported by an innovative local ecosystem such as the IRT Jules Verne.
In line with Northern German regional and the Pays de Loire ambitions, Airbus will foster cross-industry collaboration to support the overall transition to hydrogen-propulsion technologies, as well as the associated ground-based infrastructure in the region.
The tank is a safety-critical component, for which specific systems engineering is needed. LH2 is more challenging than kerosene because it needs to be stored at -250 °C to liquefy. Liquidity is needed for increased density. For commercial aviation, the challenge is to develop a component which can withstand repeated thermal and pressure cycling which an aircraft application demands.
It is expected that near-term LH2 tank structures for commercial aircraft applications will be metallic, however the potential performance opportunities associated with carbon-fibre-reinforced polymer composites are high.
Biden Administration enables vaccinated travelers to enter the US with a negative COVID-19 test result prior to travel from early November.ASTA views these changes as a key milestone toward restarting the international travel system on which so many of its members depend.US administration’s announcement marks a key shift in managing the risks of COVID-19 from blanket considerations to assessment of individual risk.
The American Society of Travel Advisors (ASTA) issues the following statement in response to reports that the Biden administration will lift travel restrictions starting in November on inbound travelers who are fully vaccinated against the coronavirus:
“We welcome the Biden Administration’s announcement of long overdue changes to the myriad inbound travel restrictions that have been in place since early 2020. We view this as a key milestone toward restarting the international travel system on which so many of our members depend.
“Based on news reports, the plan incorporates several of the common-sense measures we called for along with our travel industry colleagues recently, including expeditiously developing clear vaccination and testing standards, loosening entry restrictions for fully-vaccinated travelers, and aligning standards with the governments of our main outbound markets, including Canada, the EU, and the U.K.
“There are bound to be challenges in implementing this program between now and November, and we (ASTA) look forward to working with the Administration and our members to resolve them as expeditiously as possible.
“The travel industry as a whole will not recover from COVID until international travel restarts in earnest. Today marks a big step forward toward that goal.”
The International Air Transport Association (IATA) demonstrated the low incidence of inflight COVID-19 transmission with an updated tally of published cases. Since the start of 2020 there have been 44 cases of COVID-19 reported in which transmission is thought to have been associated with a flight journey (inclusive of confirmed, probable and potential cases). Over […]
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“We know from recent experience, the anguish and damage that occur when Hawaii is not properly prepared with flexible pragmatic planning and execution”, says Dale Evans, CEO of Charley’s Taxi. Dale knows what she is talking about as a respected mover and shaker in the travel and tourism industry in Hawaii for decades. She is […]
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Canada’s approach to border management includes entry and flight restrictionAir passengers who depart India or Pakistan to Canada, via an indirect route, must obtain COVID-19 pre-departure test from a third countryMandatory pre-arrival, on-arrival, and post-arrival testing requirements; mandatory hotel stopover for air travelers; and mandatory 14-day quarantine for travelers
The Government of Canada takes a prudent and responsible approach at the border, by continually monitoring and reviewing available data and scientific evidence to protect the health and safety of Canadians.
Today, the Government of Canada is extending the temporary travel measures restricting entry into Canada by foreign nationals until June 21, 2021. To continue managing the elevated risk of imported COVID-19 cases into Canada, the Government of Canada has extended the Notice to Airmen (NOTAM) restricting all direct commercial and private passenger flights to Canada from India and Pakistan until June 21, 2021 at 23:59 EDT. The government is also extending the requirement for air passengers who depart India or Pakistan to Canada, via an indirect route, to obtain a COVID-19 pre-departure test from a third country before continuing their journey to Canada.
Canada’s approach to border management includes entry and flight restrictions; mandatory pre-arrival, on-arrival, and post-arrival testing requirements; mandatory hotel stopover for air travelers; and mandatory 14-day quarantine for travelers. The Government of Canada is also extending those measures to protect the health and safety of Canadians.
As the science and evidence evolve and knowledge of the virus and variants increases, the policies to keep Canadians safe will evolve as well. Current data shows that Canada’s pre-arrival, on-arrival, and post-arrival testing requirements, as well as mandatory hotel stay for air travelers, are working. The Government of Canada’s response will continue to prioritize protecting the health and safety of Canadians, while also ensuring the safe flow of goods and services that are necessary for the Canadian economy.
Quotes
“As the number of COVID-19 cases remain disproportionally high in India and Pakistan, we have extended our flight restrictions and third country pre-departure testing requirements for these countries. These ongoing measures are in place to help protect Canadians, and manage the elevated risk of imported cases of COVID-19 and variants of concern into Canada during a time of increasing pressure on our health care system.”
The Honorable Omar AlghabraMinister of Transport
“We are extending the testing and quarantine measures at the border because they protect Canadians. As our health care system grapples with the third wave of the pandemic, our government will continue to adjust its response to COVID-19. I encourage all Canadians to get vaccinated when it’s their turn, and to keep following local public health measures.”
The Honorable Patty HajduMinister of Health
“Throughout the pandemic, we have taken strong action at our borders to protect Canadians while maintaining the flow of essential goods. We will continue to prioritize the health and safety of Canadians as we adapt to the changing reality of the pandemic.”
The Honorable Bill BlairMinister of Public Safety and Emergency Preparedness
Quick Facts
To address unique situations along the Canada-U.S. border, residents of Alaska who transit through Yukon by car to get to another part of Alaska, and residents of Northwest Angle, Minnesota, travelling by car through Canada to mainland U.S., will be exempt from pre- and post-arrival testing.Travelers must continue to use ArriveCAN to provide COVID-related information, but must enter it within 72 hours prior to their arrival to Canada. In addition, travelers must submit their travel history for the 14 days before entering Canada. This information will help identify and monitor countries with high importation rates of COVID-19 and variants of concern.Positivity rates for those arriving by air (1.7%) and land (0.3%) remain very low. The measures have resulted in 96% less air traffic and a 90% drop in non-commercial traffic entering Canada by land, compared to pre-pandemic volumes.All travelers entering Canada must submit their information, including details of their 14-day travel history, electronically using ArriveCAN. This information must be entered into ArriveCAN within 72 hours before a travelers’ arrival to Canada to ensure accuracy and to help monitor importation of COVID-19.Violating any quarantine or isolation instructions provided to travelers by a screening officer or quarantine officer when entering Canada is an offence under the Quarantine Act and could lead to series penalties, including 6 months in prison and/or $750,000 in fines.The Government of Canada currently contacts more than 5,500 travelers each day through live-agent or interactive automated phone calls, which verify their compliance with the mandatory isolation order.As of May 18, 2021, 97% of the 90,044 interventions by law enforcement have resulted in compliance by travelers. However, in a minority of cases, verbal warnings, written warnings, tickets, and charges have been issued.As of May 20, 2021, there have been 1,577 reported contraventions tickets issued for offences under the Quarantine Act.
If you’re looking for a new international destination to escape to – with an unbeatable mix of beaches, adventures and heritage that’s not too far away from the West Coast – it’s time to consider sun-splashed Belize. To make that trip planning easier, Alaska Airlines began nonstop service today to Belize City from Seattle (SEA) and Los Angeles (LAX).
From Belize’s capital city, the sky’s the limit for exploration and fun. Given the strong demand for flights to Belize and building on our prior announcement of seasonal service in the winter, Alaska Airlines now intends to fly the Los Angeles-Belize City route year-round.
“For nearly two decades the Belizean market has been on our radar. We’re thrilled to now be inaugurating service from both Seattle and Los Angeles,” said Brett Catlin, vice president of network and alliances at Alaska Airlines. “Belize offers terrific family-friendly, eco-conscious possibilities – from iconic islands to lush jungles and ancient sites. And it’s closer than you might think: From L.A., it’s only a five-hour flight, and from Seattle it’s six hours.”
“In addition to attracting greater business investment and human capital, this new flight will also spur tourism which is essential for Belize‘s prosperity. It comes at a very opportune time as it further boosts the industry’s recovery efforts,” noted Hon. Anthony Mahler, Minister of Tourism & Diaspora Relations. “We therefore value our partnership with Alaska Airlines in providing such a vital connectivity for travelers from the West Coast interested in reinvigorating themselves and relaxing in our tropical jewel while immersing in a rich, unique cultural experience.”
Alaska’s service to Belize operates four times a week between Los Angeles and Belize City (BZE) and twice weekly between Seattle and Belize City – just in time for the holiday season.
StartsEndsCity PairDepartsArrivesFrequencyAircraftNov. 19Year-roundLAX – BZE11:00 a.m.5:30 p.m.M, W, F, Sa737-800Nov. 20Year-roundBZE – LAX10:00 a.m.1:30 p.m.T, Th, Sa, Su737-800Nov. 19May 21SEA – BZE8:30 a.m.4:35 p.m.F, Sa737-800Nov. 20May 22BZE – SEA11:00 a.m.3:55 p.m.Sa, Su737-800
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Jamaica’s Resilient Corridors, where most tourists vacation, are safe with relatively high vaccination rates and near zero infection rates.These meetings are being done to increase arrivals to the destination in the coming weeks and months, as well as, to foster further investment in the local tourism sector.Tourism is critically important to Jamaica’s economic recovery.
The flights will be operated by Air Canada, WestJet, Sunwing, Swoop and Transat with nonstop services from the Canadian cities of Toronto, Montreal, Calgary, Winnipeg, Hamilton, Edmonton, St. John, Ottawa, Moncton and Halifax.
Bartlett noted that the Canadian market currently has, “forward bookings hovering around 65% of 2019 levels and airlift for the winter season at around 82% of 2019 levels with around 260,000 seats locked in. This is positive news as Canada has been disproportionately impacted by COVID-19 related travel restrictions, which for several months literally shut down international travel. Now with more than 80% of eligible Canadians over the age of 12 fully vaccinated against COVID-19 and a relative easing of international travel restrictions, we are cautiously optimistic. They are also excited by the fact that Jamaica’s Resilient Corridors, where most tourists vacation, are safe with relatively high vaccination rates and near zero infection rates.”
Tourism Minister Edmund Bartlett (2nd R) is seen here with from L – R: Dan Hamilton, Jamaica Tourist Board (JTB) District Sales Manager, Canada; Donovan White, Director of Tourism; Angella Bennett, JTB’s Regional Director, Canada and Delano Seiveright, Senior Advisor and Strategist, Ministry of Tourism in Toronto, Canada on Friday, October 1, 2021.
Bartlett was joined in the series of engagements with travel industry leaders in Toronto, Canada by the Chairman of the Jamaica Tourist Board (JTB), John Lynch; Director of Tourism, Donovan White; Senior Strategist in the Tourism Ministry, Delano Seiveright and JTB’s Regional Director for Canada, Angella Bennett. The high-level engagements follow similar meetings with leaders of major Airlines, Cruise Lines, and Investors, across Jamaica’s largest source market, the United States. This is being done to increase arrivals to the destination in the coming weeks and months, as well as, to foster further investment in the local tourism sector.
As is the case for everyone over the age of 12 traveling to Jamaica, Canadians must show proof of a negative COVID-19 test taken within 72 hours of departure.
Meanwhile, in noting the critical importance of tourism to Jamaica’s economic recovery, Bartlett underscored that, “the industry plays a pivotal role in Jamaica’s post-pandemic recovery and for good reason. There is no better industry to drive the inclusive, shrewd and sustainable economic growth needed to move the country forward. There is no better industry to increase revenue, restore jobs and generate new opportunities in communities across Jamaica.”
Mr. Seiveright went on to summarize some of the challenges faced. He highlighted that: “The engagements across the United States and Canada brought to the fore a range of issues that Minister Bartlett will be troubleshooting with his Ministerial colleagues so as to mitigate obstacles to accelerated and sustained growth in the coming weeks and months. Among the issues on Jamaica’s end are the need to significantly step-up vaccination efforts, sort through public health logistics for cruise lines and other improvements to assure seamlessness for our key partners. Beyond that there are some obstacles and difficulties that are completely outside our control including Canada’s very stringent COVID-19 travel rules, which include the need for a PCR test in order to enter the country and logistics and itinerary challenges for Cruise lines.”
#rebuildingtravel
IATA releases data for global air freight markets The International Air Transport Association (IATA) released data for global air freight...
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57 travel and tourism sector deals were announced in August 2021.Number of announced deals demonstrated a 17.4% decline from July 2021.August marked second consecutive month of decline in deal activity.
A total of 57 deals (comprising mergers & acquisitions [M&A], private equity, and venture financing) were announced in the global travel and tourism sector during August 2021, which is a decline of 17.4% over 69 deals announced in July, according to the industry data and analytics experts.
August marks the second consecutive month of decline in deal activity for the travel and tourism sector after rebounding in June. The subdued deal activity could be attributed to dampened deal-making sentiments as uncertainty due to the COVID-19 pandemic still looms.
All the deal types (under coverage) also witnessed decline in deal activity in August compared to the previous month. The announcement of venture financing, private equity and mergers and acquisition deals decreased by 4.3%, 20% and 24.4% during August compared to the previous month, respectively.
Deal activity also decreased in key markets such as the USA, the UK, India and Australia during August compared to the previous month, while China witnessed improvement in deal activity.
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Photo © LHR Airports Ltd. Photo is rights-managed and supplied to support specific Heathrow feature. Image must not be re-used,...
