The pool at Turtle Bay Resort on Oahu’s North Shore. Amanda Macias | CNBC Consumer prices for hotels, motels and other lodging dropped nearly 5% in November from October, according to the latest government inflation report, a sign that soaring travel demand has lost some …
Inflation peaked but will remain above pre-Covid levels: Mastercard
Inflation has already peaked, but it will remain above pre-Covid levels in 2023, said David Mann, chief economist for Asia-Pacific, Middle East and Africa at the Mastercard Economics Institute. “Inflation has seen its peak this year, but it will still be above what we had …
What do hotel star ratings mean? Here’s a breakdown
Ever notice that a single hotel can be rated three, four and even five stars? That’s the case with Singapore’s iconic Marina Bay Sands, which is rated five stars on Booking.com, four stars on Forbes Travel Guide and three stars on Frommer’s. This is because …
Airlines will return to profitability in 2023 after three-year slump: IATA
The global airline industry is set to return to profitability again next year following a near-three year downturn fueled by the Covid-19 pandemic, an industry body said Tuesday. The International Air Transport Association (IATA) said it expects the industry to post a “small” net profit …
U.K. set for Christmas travel disruption amid air and rail strikes
A train makes its way through the snow in Penistone, South Yorkshire, in March 2022. Passengers face Christmas travel disruption as workers strike over pay and working conditions. Nurphoto | Nurphoto | Getty Images LONDON — Passengers traveling into or around the U.K. over the …
