AIRBNB EXPECTS A GLOOMY SUMMER AND LOWER TRAVEL DEMAND

Michael Trout -
Airbnb is not optimistic about the upcoming summer season, and its stock in New York reflects the same sentiment. The stock saw an 8.5% decline last week. The popular accommodation rental platform gav ...

TURKISH TOURISM REVENUES JUMPED TO $13 BILLION IN THE SECOND QUARTER

Daniel A. Tanner -
According to the Turkish Statistical Institute (TÜİK), tourism revenues in Turkey saw a remarkable increase of 23.1% in the second quarter (April-June) of this year, reaching $12.98 billion. ...

AIRBUS BOOSTS PROFITS AS RIVAL BOEING CUTS LOSSES

Cecilia Garland -
During the first half of 2023, there were notable differences in the financial performance of the world's two biggest airplane manufacturers. Airbus recorded a 34% increase in adjusted earnings before ...

FRENCH HOTEL SECTOR PERFORMANCE ACCELERATED

James Morris -
French hotel sector performance indicators continued to improve during March, confirming the positive trend observed for the entire first quarter of 2022. ...

DRAGON BOAT FESTIVAL HOLIDAY IN CHINA RELEASES NEW SPENDING DYNAMICS

Sara Thopson -
The three-day Dragon Boat Festival holiday is approaching in China, and it is estimated to cause a significant increase in domestic travel and tourism. This surge in spending will add to the already b ...