Digital. The Top Ten Travel News Stories of the Week. Day In, Day Out

Digital. Season 2, Episode 8. Special Guest:Matthijs Welle, CEO @ MEWS + Focus on Coronavirus


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Focus on Coronavirus:
Over 5% of Italian GDP comes from tourism and this panic is not helping. First, if you're immune system is good, you're likely not going to die. Victims in Italy were all in their '80s or '90s or, when younger, people with pre-existing conditions (such as the 62-year-old man who died was on dialysis). Moreover: 400 proven cases for 60M Italians. That is 0.0006% of incidence. If we look at the death rate, that's 0.000016%. The odds of being struck by lightning are 0.03%. That's 2,000 times more likely to die from coronavirus in Italy.

Expedia is about to fire 2,900 of their 24,000 full-time employees (approx 12% of the company's workforce), to cut $300–500M costs by the end of 2020. Here's an extract from the Expedia email to its team:
"Team Expedia Group, Following our disappointing 2019 business performance and our change in senior-most management, the Travel Leadership Team has spent the last few months determining a better way forward. (…) Our company needed a fresh and forward look at clarifying our strategy and simplifying our operations (…) We have been pursuing growth in an unhealthy and undisciplined way. (…) We will exert more discipline in setting priorities and allocating resources (…) Today, we are announcing our intent to reduce and eliminate certain projects, activities, teams, and roles to streamline and focus our organization.

GSD Group and True North partnered with Atari to open game-themed hotels across the US. "Atari is an iconic global brand that resonates with people of all ages, countries, cultures, and ethnic backgrounds," Atari CEO, Fred Chesnais, stated, "and we cannot wait for our fans and their families to enjoy this new hotel concept."

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Digital. The Top Ten Travel News Stories of the Week. Day In, Day OutBy Simone Puorto