Maldives on Thursday launched an emergency MVR 2.5 billion ($161.84 million) facility and a package of financial measures to shore up the local economy against the coronavirus pandemic. The MVR 2.5 billion stimulus plan, announced by finance minister Ibrahim Ameer at a joint press conference with
Universal Resorts has announced plans to temporarily close all of its resorts, as the Maldives reels from the economic impact of a series of drastic preventive measures aimed at containing the novel coronavirus outbreak. In a statement, parent company Universal Enterprises said all of its resorts
Maldives is adapting to the changing business conditions in a bid to ensure a surge in bookings once the novel coronavirus outbreak peaks, the popular holiday destination's tourism promotion chief said Wednesday. In a message sent to industry partners, Thoyyib Mohamed said his team at the...
SriLankan Airlines has suspended its flight operations to Maldives, as Sri Lanka shuts down its main airport to contain the spread of the novel coronavirus. In an announcement, SriLankan Airlines said flights operating to and from Maldives will be suspended from Thursday to next Wednesday. Th
Research firm Oxford Economics offers a ray of hope during dark times for the global travel industry, predicting rapid recovery once the COVID-19 crisis ultimately subsides.
American Hotel & Lodging Association CEO Chip Rogers discusses the struggling hotel industry amid coronavirus and his recent White House meeting with President Trump.
Accommodation operators around the world are getting hit hard by cancellations from consumers who either can’t travel because of government restrictions or simply want to stay close to home because they’re anxious about catching COVID-19.
As travellers find their trips upended almost overnight as border closures and city lockdowns are announced across the world over recent days to curb the spread of the Covid-19 pandemic, travel players are finding that their business reflexes are being called to the test.
Taiwan has indefinitely banned the entry of all foreign visitors, excluding foreign resident permit holders and diplomats, from midnight on Wednesday as part of Covid-19 countermeasures, following a sudden surge in imported cases.