Planet DMC

News and tidbits from the travel industry

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Iceland’s Genius Parody of Mark Zuckerberg’s Metaverse to Woo Tourists

Through humor and sarcasm against the backdrop of Iceland’s wide open green landscapes and northern lights, the scenes remind viewers what they crave the most and should reconnect with: real humans, real nature, real experiences — and not the world of social media.Lebawit Lily Girma (Skift)

Heathrow Airport Is ‘a Greed Monopoly Hub’: Global Airlines Group Chief

Since leaving British Airways parent company IAG last year to run the International Air Transport Association, Walsh has continued to bang the drum against passenger charges at Britain’s busiest airport.Sarah Young (Reuters)

Southwest Airlines Warns Covid Variants Could Wipe Out Profits This Fall

Southwest Airlines Co became the first big U.S. carrier to warn of a hit from the more infectious Delta variant of the coronavirus on Wednesday, saying it may not be profitable in the current quarter.Abhijith Ganapavaram and Sanjana Shivdas (Reuters)

Airlines Will Have to Wait Longer on Next Gen Boeing 777 Jet

Boeing has been developing the widebody jet, a new version of its popular 777 aircraft, since 2013 and at one expected to release it for airline use in 2020.David Shepardson (Reuters)

Airbnb Posts $1.2 Billion Loss and Turns Attention to Expected Supply-Demand Mismatch

Airbnb beat analysts’ expectation on revenue, which rose 5 percent in the first quarter to $887 million. While Airbnb was in positive territory in the first quarter in part because of its focus on short-term rentals, Expedia Group and Booking’s revenue plummeted 44 percent and and 50 percent, respectively.Dennis Schaal (Skift)

Air France-KLM Secures $4.7 Billion From French Government

The French government will convert a $3.55 billion loan extended to the group last year into a hybrid instrument and commit up to an additional $1.18 billion to a planned share issue, raising its stake in Air France-KLM to almost 30 percent.Laurence Frost and Dominique Vidalon (Reuters)

U.S. Airline Passenger Numbers Fall to 1985 Levels

The collapse in travel demand brought with it record losses. The six largest U.S. airlines racked up $43.8 billion in pre-tax losses in 2020.Edward Russell (Skift)

China’s Hotel Recovery Falls Off Rails Amid New Coronavirus Flare-Ups

China has had prior setbacks in its recovery, like a Beijing flare-up last summer. But the government typically responded with relatively quick, targeted lockdowns that were lifted after a couple weeks. The current surge is the worst flare-up seen in China since early last year and is a stark shift for a country widely seen as having best handled controlling the spread of the virus due to strong command from the central government.Cameron Sperance (Skift)

Airbnb Share Price More Than Doubles in First Day of Historic Public Debut

Given some of the headwinds in Airbnb’s future, the opening had a generous touch of unreality to it.Dennis Schaal (Skift)

Hard Truths From Singapore’s Reopening Gambits

What Singapore is doing with green lanes, bilateral and unilateral reopening is putting its chess pieces in position to regain its air hub status and attractiveness for investors and visitors alike. Its next chess piece is regaining its status as one of Asia’s top venues for international meetings, a market that contributes $2.8 billion (S$3.8 billion) to Singapore’s economy before the pandemic. This is beginning at home, where on Monday, 150 participants of the Singapore International Energy Week piloted a rapid or antigen test on-site. All tested negative. The result, valid for 24 hours, was delivered via mobile, which gained them the entry badge to the event. Antigen tests deliver results in minutes and are cheaper — said to be around $22 in Singapore — compared with a PCR test, which costs about $147 but is more accurate.Raini Hamdi (Skift)

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