Tag: Update

UPDATE 1-Hotel group Accor’s recovery hit by new curbs, slow leisure travel

 (Adds details, background)
    Oct 22 (Reuters) - Europe's biggest hotel group Accor
          reported a slump in third-quarter revenue on Thursday,
saying the downturn in leisure customers and the introduction of
new COVID-19 restrictions slowed its recovery toward the end of
the period.
     Accor, which runs high-end chains such as Raffles and
Sofitel as well as budget brands such as Ibis, reported revenue
of 329 million euros ($388.91 million) in the July to September
period, down 63.7% compared to a year earlier on a like-for-like
basis.
    Accor said it saw activity improve during the summer holiday
season, especially in Europe, though new curbs pushed the
recovery back down in September and the group expects only China
to swiftly recover to pre-crisis levels.
    The French group, which operates more than 5,000 hotels in
111 countries, said 90% of its hotels were now open, compared
with 81% in August.             
    "The worst of the crisis is now behind us, but our main
markets are still substantially affected by the measures rolled
out to combat the health crisis," Chief Executive Sebastien
Bazin said in a statement.
    A global surge in new COVID-19 infections has forced
countries to introduce new travel curbs, another hit for hotels
that have been running at a reduced capacity since lockdowns
were introduced in Europe in March.
    French Prime Minister Jean Castex said on Thursday the
government would extend a curfew already imposed in Paris and
eight other big cities to 38 more departments, starting from
Friday at midnight.             

 (Reporting by Milla Nissi and Charles Regnier in Gdansk
Editing by Susan Fenton)
  

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India Infection Peak Seen; Green Lane Travel: Virus Update

(Bloomberg) — European leaders intensified efforts to tamp down surging infections, with Ireland enacting severe restrictions. Soaring cases in U.S. battleground states pose a challenge for President Donald Trump two weeks before the election.

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India has already seen a peak in the number of new infections and may be able to contain the world’s second-largest outbreak by February, according to a government panel of scientists. The Philippines shortened curfew hours in Manila and eased the stay-at-home order to further reopen its economy.

Discussions to open up travel for business purposes continue to take place in Asia, with the governments of Japan and China reportedly close to an agreement to resume business travel between the countries as soon as this week.

Key Developments:

Global Tracker: Cases top 40.2 million; deaths exceed 1.1 millionSee the latest on the race for a vaccine with Bloomberg’s trackerTrading floors are full and masks are off in post-Covid ShanghaiFear of job loss haunt half the world’s workers as crisis ragesCDC issues ‘strong’ call for masks on U.S. airplanes, trainsHow do people catch Covid-19? Here’s what experts say: QuickTake

Subscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click CVID on the terminal for global data on coronavirus cases and deaths.



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© Bloomberg


Japan, China Near Agreement to Resume Business Travel (7:29 a.m. HK)

The governments of Japan and China will agree to resume business travel between the countries as soon as this week, Yomiuri reports, citing an unidentified Japanese government official.

Those planning long stays will be required to undergo 14 day quarantine, but will be exempt for short stays provided certain conditions are met

Texas Hospitals Strain to Cope in Newest Hotspots (7:27 a.m. HK)

Almost one-fourth of all hospital beds in the El Paso, Texas, area are occupied by virus patients and the region with almost 1 million residents has just 16 intensive-care beds available, state health department data showed.

In the state’s newest hotspots of El Paso, Lubbock, Amarillo and Laredo, hospitals’ virus loads are approaching or already above the 15% threshhold set forth by Governor Greg Abbott for emergency status.

Meanwhile, data lags continue to dog efforts to track the trajectory of the outbreak in the second-largest US state. On Monday, the state disclosed 2,440 previously uncounted cases, a tally which outnumbered the actual figure for new daily detections by more than 7%.

CDC Urges Masks While on Transit (6:41 a.m. HK)

The U.S. Centers for Disease Control and Prevention has issued a “strong recommendation” for mask-wearing by both passengers and operators on planes, trains, buses and taxis to prevent the spread of the coronavirus.

Masks should cover a person’s nose and mouth and be worn while traveling in and out of the U.S. as well as within the country, the agency said. Operators should require them for the entire time of travel and deny entry to anyone not wearing one.

The change was reported earlier by the Washington Post, which said it followed airline industry

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Germany Warns on Tracing; Sanofi Plans Human Trial: Virus Update

(Bloomberg) — The U.K. government imposed tougher curbs on London in a bid to contain a spike in new cases, while France set a curfew in Paris. European nations from Germany to Italy to the Czech Republic reported record increases in new infections.

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An experimental coronavirus vaccine developed by Translate Bio Inc. and French drug giant Sanofi elicited high levels of protective neutralizing antibodies in early-stage animal studies, clearing the way for a clinical trial to start later this year. Germany’s health minister warned that the nation’s tracing capacity is nearing its limit.

Singapore and Hong Kong will create a travel bubble that exempts people from both cities from quarantine, an agreement that will re-open links between Asia’s two premier financial hubs. India reported fewer than 70,000 cases for the fourth straight day, though daily infections are still higher than in the U.S.

Key Developments:

Global Tracker: Cases pass 38.5 million; deaths top 1.09 millionCovid’s deadly U.S. comeback widens, spreads to 46 statesWho’s succeeding against the coronavirus and why: QuickTakeRussia to miss Covid-19 vaccine goal amid production hurdlesEnergy demand will get a work-from-home boost this winterThe global economy is facing new fiscal cliffs

Subscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click CVID on the terminal for global data on coronavirus cases and deaths.



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© Bloomberg


Argentina Now Among Top Five Most-Infected Countries (9:12 a.m. NY)

A patchy lockdown that’s dragged on for 210 days has failed to spare Argentina from a late and aggressive outbreak of coronavirus.

Argentina passed Colombia as the most-infected country in Latin America after only Brazil and is currently number five globally in overall cases trailing the U.S., India, its northern neighbor and Russia. In total, 931,967 people have tested positive while 24,921 fatalities have been reported.

Germany Warns Tracing Capacity Near Limits (8:51 a.m. NY)

Chancellor Angela Merkel’s top health official warned that the recent surge in coronavirus infections is threatening Germany’s ability to track cases and check the spread of the disease.

“The problem is that day by day with increasing numbers our local authorities are not able any more to trace,” Health Minister Jens Spahn said Thursday during a Bloomberg webinar. “And then you lose track” and the numbers are increasing exponentially, he added.

Sanofi Plans Human Trial of mRNA Vaccine (8:14 a.m. NY)

Two doses of the candidate induced neutralizing antibodies “significantly higher” than those observed in Covid-19 patients as well as a response in infection-fighting T-cells in non-human primates, Translate Bio and Sanofi said in a statement.

The candidate is a so-called messenger RNA vaccine, which prompts the body to make a key protein from the virus, sparking an immune response. It’s based on technology similar to that used by one of the fastest-moving vaccine developers, Moderna Inc.

Sanofi is developing another coronavirus vaccine in collaboration with GlaxoSmithKline Plc. That shot is already in a clinical trial, and first results are expected in early December to support the start of a broader phase

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London Facing Tougher Curbs; Curfew Set for Paris: Virus Update

The virus’s comeback in the U.S. has reached the vast majority of the country, with trends worsening in 46 states and the nation’s capital. India reported fewer than 70,000 cases for the fourth straight day, though daily infections are still higher than in the U.S.

• Global Tracker: Cases pass 38.5 million; deaths top 1.09 million

• Covid’s deadly U.S. comeback widens, spreads to 46 states

• Who’s succeeding against the coronavirus and why: QuickTake

• Russia to miss Covid-19 vaccine goal amid production hurdles

• Energy demand will get a work-from-home boost this winter

• How do people catch Covid-19? Here’s what experts say: QuickTake

Subscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click CVID on the terminal for global data on coronavirus cases and deaths.

Floridians Fared Worst in Study of Pandemic Unemployment Relief (6:01 a.m. NY)

Laid-off workers in Florida were less likely to receive timely unemployment benefits when businesses closed at the peak of the coronavirus pandemic than those in other U.S. states, according to a newly published nationwide study.

Researchers surveyed 2,500 laid-off service industry workers in April and May and found that only a quarter of them had received unemployment benefits during the survey period, including those who had been laid off for two months or longer, according to the report released Wednesday by the Harvard Kennedy School and University of California at San Francisco.

Austria Urges Provinces to Tighten Virus Curbs (5:23 p.m. HK)

Austrian Chancellor Sebastian Kurz urged the country’s provinces to tighten regional measures as new infections hit another record on Thursday.

“Make no mistake: The situation is serious. The coming weeks will decide whether we can slow down and contain the spread of the virus, or if the corona pandemic will inflict even bigger damage to the health system, jobs and companies,” Kurz said in a statement.

Austria reported a record 1,552 new infections on Thursday, bringing the 7-day incidence to 92 per 100,000 people. Capital Vienna, Tyrol and Salzburg all have an incidence of above 100.

EU Health Chief Airs ‘Great Concern’ (5:15 p.m. HK)

European Union Health Commissioner Stella Kyriakides stepped up warnings about the spread of the coronavirus in the 27-nation bloc.

“It is with great concern that I am witnessing the increasingly rapid rise of infection rates all across the EU,” Kyriakides said in a statement on Thursday in Brussels. “Time is running out — everyone’s first priority should be to do what it takes to avoid the devastating consequences of generalized lockdowns.”

London Households Will Be Banned from Mixing (4:59 p.m. HK)

Londoners will be banned from mixing with other households indoors from this weekend as tighter coronavirus restrictions are imposed in an attempt to curb a rise in cases in the capital.

The change in the rules was briefed to London members of Parliament on Thursday morning and will formally be announced in the House of Commons by Health Secretary Matt Hancock later Thursday, according to two people familiar

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France Sets Paris Curfew; Hong Kong Travel Bubble: Virus Update

The virus’s comeback in the U.S. has reached the vast majority of the country, with trends worsening in 46 states and the nation’s capital. India reported fewer than 70,000 cases for the fourth straight day, though daily infections are still higher than in the U.S.

• Global Tracker: Cases pass 38.5 million; deaths top 1.09 million

• Covid’s deadly U.S. comeback widens, spreads to 46 states

• Who’s succeeding against the coronavirus and why: QuickTake

• Russia to miss Covid-19 vaccine goal amid production hurdles

• FDA chief says vaccine-trial halts about safety, not politics

• How do people catch Covid-19? Here’s what experts say: QuickTake

Subscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click CVID on the terminal for global data on coronavirus cases and deaths.

Pfizer, BioNTech Vaccine Trial Remains on Track (2:55 p.m. HK)

Side effects that have emerged in a large late-stage trial of a Covid-19 vaccine candidate from Pfizer Inc. and BioNTech SE are in line with those seen in smaller early studies, a positive sign for one of the front-runners in the race for a shot.

Singapore, Hong Kong Unveil Travel Bubble (2:50 p.m. HK)

Singapore and Hong Kong will create a travel bubble that exempts people from both cities from quarantine, an agreement that will re-open links between Asia’s two premier financial hubs.

Compulsory quarantine will be replaced by coronavirus testing, Singaporean Transport Minister Ong Ye Kung said told reporters Thursday, and he hopes the bubble will start in “weeks.” Hong Kong’s commerce and economic development minister, Edward Yau, confirmed the pact, originally reported by the South China Morning Post, soon after.

Israel New Coronavirus Cases Slips Below 2,000 Target (2:40 p.m. HK)

New coronavirus cases confirmed in a single day slipped below 2,000, one of the targets cited by officials for easing lockdown restrictions. Prime Minister Benjamin Netanyahu will meet with ministers on Thursday to discuss the possible reopening of preschools and some businesses next week. Some 1,994 new cases were diagnosed on Wednesday, bringing the total to 299,253, including 2,099 fatalities.

France Sets Paris Curfew as Europe Sees Record Infections (2 p.m. HK)

France imposed a curfew in Paris as Germany and Italy posted record increases in new infections, as Europe’s leaders intensified efforts to stem an unrelenting surge in coronavirus cases.

President Emmanuel Macron will confine residents of nine of the country’s biggest cities to their homes between 9 p.m. and 6 a.m. for four weeks starting on Saturday.

Poland to Announce New Restrictions on Thursday (1:40 p.m. HK)

Poland is considering announcing a so-called red zone in the entire country, which would implement further restrictions on weddings and could mean limiting the number of people in stores among others, according to the Dziennik Gazeta Prawna newspaper.

Pakistan Warns of Restrictive Actions After Spike (1:14 p.m. HK)

Pakistan warned of “restrictive actions” because of a spike in coronavirus cases, the highest since August, which may hurt the economy that was showing signs of recovery.

“Time

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Travel Update & Policy

Your Globus vacation can be moved without incurring any cancellation fees for upcoming travel

April 21, 2020

In response to elevated travel restrictions and government advisements, we have made the thoughtful decision to suspend operations through June 30, 2020. Given these circumstances, Globus has introduced an unprecedented program designed to give our travelers options and peace-of-mind when considering their travel plans—the Peace of Mind Travel Plan.

Through this plan, Globus is now allowing all currently booked travelers between March 14 and June 30, 2020 to move travel dates easily and without incurring cancellation fees, land or airline penalties*.

You are free to move your booking to any Globus family of brands (Globus, Cosmos, Monograms or Avalon Waterways) vacation for any destination. If you are not ready to choose your new vacation, the full value paid to us will be provided via a Letter of Credit, redeemable for any future 2020, 2021 or 2022 departure, and is transferrable.

To make the transition easier, this Plan includes an additional bonus credit. This bonus credit of up to $200 per person will be in addition to your Letter of Credit, redeemable for any future travel through 2022:

  • Bonus credit of $200 for Avalon Waterways
  • Bonus credit of $100 for Globus
  • Bonus credit of $50 for Cosmos, Escapes by Globus & Monograms

This Peace of Mind Travel Plan is also offered for all 2020 tours that include the Edinburgh Military Tattoo through August and select itineraries with Holland America departures through August. Guests with 2020 bookings that include the Tattoo will default to the Peace of Mind plan, with access to move to a 2021 date once they become available, or can opt-out of the Plan as a cancellation**.

For cancellations outside of this Peace of Mind Plan, regular cancellation policies apply***.

*Peace of Mind offer valid for travel through June 30, 2020 until further notice. Refund in the form of a Letter of Credit, redeemable for travel departing by December 31, 2022. The new booking bonus will be in addition to the Letter of Credit amount. Letters of Credit not redeemable for cash. Changes in airfare may apply, and the new booking is subject to any increase in vacation price for 2021 and 2022 travel. Offer may be withdrawn at any time and other restrictions may apply.

**Cancellation refund for 2020 tours which include the Edinburgh Military Tattoo or itineraries with Holland America departures follow our regular trip cancellation procedure, including refund of monies paid to the Globus family of brands equal to the amount paid on your original booking. Bookings with Edinburgh Military Tattoo must be advised by April 30, 2020. Bookings with Holland America departures must be advised by May 11, 2020. Offer may be withdrawn at any time and other restrictions may apply.

***Cancellations for all tours, cruises and packages outside of the Edinburgh Military Tattoo or Oberammergau performances can be made up to 30 days before departure without penalty and follow our trip cancellation

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