Tag Archives: pre pandemic

TABULA RASA HEALTHCARE, INC. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Form 10-K)

Management's Discussion and Analysis of Financial Condition and Results of Operations is designed to provide a reader of our financial statements with a narrative from the perspective of management on the Company's financial condition, results of operations, liquidity and certain other factors that may affect future results. The following discussion …

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Travel trends in 2022 and beyond will focus on sustainability and wellness tourism

The National Council of Applied Economic Research (NCAER) reports that tourism in India will not return to pre-pandemic levels until 2026. By Vinay K Mayer, India’s tourism sector is expected to grow by 6.9% annually to reach $460 billion by 2028, or 9.9% of GDP, according to the World Travel …

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A once-thriving tourism business is down to just 1%

With his tourist business booming all year round, David Gatward-Ferguson felt “bulletproof”. Tens of thousands of visitors from around the world flock to its Queenstown-based operation each year. A Nomad Safari excursion overlooking Wakatipu. (Source: David Gatward-Ferguson) But a threat few saw coming – Covid-19 – is having a grip …

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Michigan tourism experts ‘cautiously optimistic’ about travel rebound in 2022

After two years of canceled events, variable waves and unpredictable travel restrictions, tourism experts in Michigan’s beach towns are feeling “cautiously optimistic” ahead of the 2022 summer season. Holland, located on the shores of Lake Macatawa with a man-made channel to Lake Michigan, expects tourist numbers to top 2019. Continued:GDK …

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Marriott sees slow but improving business travel performance

Marriott International for the fourth quarter of 2021 saw year-over-year progress in key performance indicators, even narrowing some gaps in the fourth quarter of 2019 numbers, company executives said at a conference. telephone on Tuesday. Most of the progress, however, was attributed to leisure demand, which continued to outpace business …

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State of the State 2022: Tourism industry will return as a ‘bright spot’ for Arkansas’ economy

COVID-19 was anything but hospitable for Arkansas’ recreation and hospitality industry. Jobs in the sector hit a record high of 122,900 in December 2019. Just four months later, employment in the sector would drop nearly 39% to around 75,100 jobs in April. In the decade before the pandemic, the sector …

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NYC struggles to recover after spike in Omicron cases

As the pandemic stretches into a third year, the Omicron variant has added another speed bump on New York’s path back to normal, injecting further uncertainty into the economic outlook and threatening to worsen the already lopsided recovery of the city. Office workers were again sent home, reversing the steady …

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Some tourism businesses worry as visitor arrivals continue to fall

HONOLULU (HawaiiNewsNow) – Beautiful sunsets, waves and sand still draw visitors to Hawaii, but new statistics show that numbers are dwindling at a faster rate than usual for this time of year. It’s a big concern for players in the tourism industry, like Carey Johnson, who runs Custom Island Tours. …

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Headwinds are picking up as business travel picks up again in 2022

A resurgence of business travel is critical to a full recovery of the travel industry and the global economy from the pandemic. Before the pandemic, company brochures constituted about 12% of total travelers and up to 75% of airline profits, and companies spent more than $ 300 billion annually on …

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CEO says obstacles remain to tourism industry recovery

MIAMI – When the coronavirus pandemic disrupted daily life last year, forcing businesses to shut down and keep people at home, tourism practically came to a halt. In casino-rich Las Vegas, the local economy has been devastated by the epidemic as more than 30% of the workforce was unemployed at …

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Las Vegas tourism raises Raiders’ $ 2 billion stadium bonds

The bond-backed Allegiant Stadium – worth nearly $ 2 billion and home to the NFL’s Las Vegas Raiders – is on its way to financial success as tourists flock to Sin City. Clark County in Las Vegas sold out $ 645 million in debt in 2018 for the stadium, backed …

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Gerald Cohen: An Economist’s Rose, Bud and Thorn – Thanksgiving Edition

Editor’s Note: Gerald Cohen is the Chief Economist of the Kenan Institute of Private Enterprise. This article is part of a WRAL TechWire gratitude series published in November 2021. CHAPEL HILL – As an economist, sitting down for Thanksgiving dinner means not only enjoying family, friends, and great food, but …

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Airlines prepare for Thanksgiving travel test after tough year

The Transportation Security Administration said it expects Thanksgiving travel to approach pre-pandemic levels, with 20 million people likely to pass through U.S. airports over a 10-day period. Airlines, including Delta Air Lines Inc. and United Airlines Holdings Inc., have said they expect the Sunday after Thanksgiving to be the busiest …

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Alpine country stranded again, suspending tourism at the start of the holiday season

(CNN) – Austria has introduced unprecedented new Covid measures, Ireland is under curfew at midnight, but India has reopened its doors to vaccinated tourists. Here are some of the biggest developments in travel this week: It’s starting to look a lot like … confinement Austria will impose national containment on …

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Business travel spending will pick up in 2024

The recovery in business travel in 2021 continued at a slower and more proactive pace than expected the previous year. Nonetheless, global business travel spending is expected to increase in 2022 with a full recovery expected in 2024 – ending the year on pace with 2019 pre-pandemic spending of $ …

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Bangkok welcomes first tourists for holiday without quarantine

BANGKOK, Nov. 1 (Reuters) – Hundreds of vaccinated foreign tourists are expected to arrive in Bangkok on Monday, the first wave of visitors to Thailand in 18 months who will not have to undergo quarantine for the coronavirus. Seeking to resuscitate its pandemic-ravaged tourism economy, the Thai government has given …

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San Diego hotel business tourism still recovering from pandemic

Although this new national report reveals that hotel business tourism is expected to be down in San Diego this year, leisure tourism is still strong here. SAN DIEGO COUNTY, California – A new national study reveals that the COVID-19 pandemic is still hitting the San Diego hospitality industry, especially when …

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Long Island hotel business travel revenues to drop 62%

As Long Island hotels brace for losses of more than $ 224 million, U.S. Representative Suozzi’s co-sponsors plan to provide targeted relief to struggling hotel workers. Long Island hotels are expected to lose $ 224 million in business travel revenue in 2021, down 62.1% from 2019 levels, according to a …

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Thai tourism jobs are less attractive to some locals, but reopening could boost recovery, SE Asia News & Top Stories

BANGKOK – Thailand’s tourism sector is on the mend, with plans to allow non-quarantine travel for more vaccinated tourists from November. But while many see the news as a light at the end of the tunnel for the battered sector, analysts expect a long road to reviving tourism. And for …

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Open US borders will fuel demand for travel, travel agencies say

Travel agencies expect a big rush to the United States with the lifting of the direct entry ban for fully vaccinated travelers by the Biden administration. The new rule will take effect on November 8. It will benefit long-term tourist, business or work visa holders, while new and additional flights …

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Akron-Canton Airport celebrates 75 years and targets growth in passenger numbers

GREEN – The number of people traveling on commercial airlines to the United States has increased over the past year, but remains below pre-pandemic levels, statistics collected by the Transportation Security Administration show. In recent months, more than twice as many people have passed through TSA checkpoints in the country …

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DC area hotels set to lose $ 2.3 billion in business travel revenue in 2021

The DC-based American Hotel & Lodging Association estimates that hotels in the DC metro area will lose $ 2.36 million in business travel revenue for all of 2021, down 86.5% compared to 2019 levels. Interior of a bedroom in DC’s first Curio Collection brand hotel in Logan Circle. (Courtesy of …

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Yuma County tourism rebounds from all-time low income in 2020

Chamber of Commerce, business looking to brighten up 2021 season – News 11’s Cody Lee reports YUMA, Arizona (KYMA, KECY) – Yuma is often just a town, where people pass by and fill up on gas, maybe have a bite to eat. While others, come explore the rich history and …

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Business Travel Association reveals slow recovery in international business travel – Business Traveler

Domestic travel is leading the recovery in business travel, although international travel is still struggling, according to the latest data from the Business Travel Association (BTA). The latest BTA data on Travelogix revealed that domestic business travel bookings were at 53.24% of pre-pandemic levels in the fourth week of September, …

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Long road to recovery: Prince William’s tourism industry begins to return | Community Guides

Few industries have looked alike since the onset of the coronavirus pandemic, and tourism is no different. Massive closings and stay-at-home orders have had massive impacts on the tourism industry and, while some aspects are improving, there is still a long way to go. The biggest draws in Prince William …

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‘Historic’ tourist season helps Mitchell’s economy rebound with sales tax spikes

Despite the economic downturn caused by the pandemic in 2020, Mitchell’s tourism industry has rebounded significantly this year, helping to fuel the rebound in the local economy as a whole. Corn Palace manager Doug Greenway said business was booming all summer long at the city’s biggest tourist attraction, which welcomed …

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Hotel and tourism bosses plead for a freeze on the VAT rate at 12.5% ​​| Hotel industry

The bosses of the hotel and tourism industries are begging the government to permanently lower the VAT rate on companies in their sectors to help save thousands of jobs. The call comes as the tax rate for pubs, restaurants, vacation accommodation and admission to some attractions increases to 12.5% ​​on …

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Business Travel Consulting Launch of Avenue5 Consulting

Former industry executive Mark O’Brien has launched a new consulting firm, dedicated to the business travel, meetings, payments and expenses industry. Avenue5 Consulting will offer its clients strategic and tactical consulting, advisory, category consulting and management services to solve complex and difficult problems. Speaking to LinkedIn to celebrate the news, …

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Corporate ground transportation redesigned by Gett

Skift take Enterprise Ground Transportation Management (GTM) Platform Gett is revolutionizing the industry with its streamlined, intuitive and integrated B2B platform. Get Corporate ground transportation has generally been a cumbersome and awkward field. It is an area of ​​the travel industry that is much less understood than others, and until …

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The Covid has hit the hotel industry hard. Data shows that he is still missing a key part of his business.

The hospitality industry has rebounded from the depths of the Covid-19 pandemic, but data and industry experts say it still lacks a vital part of its business: business travelers. The occupancy rate of hotels in the United States returned to pre-pandemic levels this summer, with an occupancy rate of 69.6% …

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Airfares won’t stay low for too long

Airlines across the country are sweating over an unexpected drop in business travel in recent weeks – and that’s good news if you’re a traveler looking to save some money. This month, domestic air fares are down 5% from September 2019 and international fares down by around 8%, drops that …

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President of Flughafen Zuerich sees a rebound in business travel in 2022

The Chairman of the Board of Directors of Flughafen Zurich AG, Andreas Schmid, addresses the opening press conference of the new office and business complex “The Circle” at Zurich Airport, Kloten, in Switzerland, November 5, 2020. REUTERS / Arnd Wiegmann / File Photo ZURICH, Sept.20 (Reuters) – The chairman of …

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Tourist tax fixing records during recent COVID outbreak in Polk County

LAKELAND – The focus on amateur athletics and outdoor tourism has helped drive record increases in tax revenue on beds according to Polk County Tourism & Sports Marketing. Hoteliers in the rest of Florida, meanwhile, are expected to see a drop as business travelers cancel their trips due to the …

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Hopper Races to add new travel services

As COVID-19 comes and goes and a lasting reopening for business and leisure remains shrouded in uncertainty, at least one thing has become clear; People everywhere are eager to pack their bags, go out and travel again. “The only thing this pandemic has proven is that people want to travel …

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Blog: Slowly come back to something as usual

Welcome to the 2021 summer Las Vegas market. Looks like it’s been a long time coming, but here we are emerging from our COVID-19 induced cocoons. OK, so that’s a bit of a stretch; however, one has the impression that the winter has been very long. Each of our industry’s …

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Hertz posts higher incomes, plans to re-enroll amid travel rebound

Car rental company Hertz Global Holdings Inc. said it plans to re-list on a major stock exchange by the end of 2021, as its quarterly revenues increase amid a rebound in travel. From April to June, Hertz achieved sales of $ 1.87 billion, up 62% from the first three months …

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Alaskan whales would be “happier” with fewer tourists around

Researchers recently observed that whales in Alaska were the “happiest” they had ever been. Much like a true New Yorker, the increased contentment of these whales is said to be due to the lack of tourists in the area. BBC reports how the behavioral change of whales, especially humpback whales, …

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Business travelers fail to check in, slowing hotel industry recovery in Nashville

NASHVILLE, Tennessee (WKRN) – Business travel is an important factor in ensuring hotels do not recover quickly from the pandemic despite an increase in leisure travel. That’s according to the American Hotel and Lodging Association, which is hosting career fairs for the hospitality industry, including one in Nashville last week. …

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Jersey loves to complain about travel. But here’s why we secretly miss it.

Missing your commute time and that wasted chance of listening to an audiobook in traffic, watching your favorite show on the bus, or finishing that spinning page on the train? Despite the frustration of the inspiring, inspiring steering wheel delaying the eye-rolling of transit, missed train or bus that the …

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U.S. airports expect long lines and high stress for July 4 trip

By Chris Isidore, CNN Business American vacationers find just about everything much more expensive this summer. Hotel rooms? Up about 44% at the end of June compared to a year earlier, according to data from hotel research firm STR. Air fares? They were 24% higher in May than in the …

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What pandemic? A huge influx of visitors has made it possible to consider ways to curb tourism in

HONOLULU (HawaiiNewsNow) – A “perfect storm”. This is how the governor describes the massive influx of visitors to the islands – an increase he attributes to pent-up demand and fewer destination options open to domestic travelers. On Tuesday, about 32,000 people arrived in the islands, which is at the level …

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