InterContinental Hotels’s revenue per available room (RevPAR) was up 61 per cent compared to 2021, clinching 82 per cent of 2019 levels overall.
The company said it currently expects passenger numbers to increase sharply in coming months, as it forecast rates would be 80 per cent of 2019 levels in Q2, 85 per cent in Q3, and 90 per cent in Q4. The firm said higher passenger numbers were in part being driven by the highest levels of business travel since the start of the pandemic alongside strong demand for premium leisure. The aviation giant blamed omicron on a higher number of cancellations in January and February but said it had not seen any impact on passenger number from the war in Ukraine. AIG chief executive Luis Gallego said: “Demand is recovering strongly in line with our previous expectations. We expect to be profitable from the second quarter onwards and for the full year.” “The welcome removal of UK’s stringent travel restrictions, combined with strong pent-up demand, have contributed to a steep ramp up in capacity.”
Foreign holidays may be taking off but Heathrow is forecasting another year in the red, with total pandemic losses now topping £4 billion.
Budget brand Travelodge is to give its UK properties a new “budget-luxe” refresh with 60 hotels set to be transformed during 2022.
UK Covid travel rules were arbitrary and disproportionate, say MPs
If you thought Uber was already a pretty ginormous company, well, it’s about to get even bigger.
940,000 passengers flew with Norwegian in March
The boss of one of the UK’s biggest airports quit last night, having presided over days of Easter getaway chaos.
Hong Kong has announced today that it will lift its ban on flights from nine countries, as government officials assure that the latest Covid-19 wave has peaked.
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British Airways has become the world’s first major airline to scrap masks on flights.
Abu Dhabi has further eased travel requirements for tourists flying to the UAE with travellers no longer required to take a PCR test when landing at Abu Dhabi International Airport.