Airbnb can survive the pandemic. But can Airbnb hosts?

Washington: How might the pandemic change the home-sharing landscape? This question hits a little too close to home for my liking, as I’ve spent much of my quarantine begrudgingly living in the cheapest short-term rentals I could find. It’s given me a not-so-luxurious vantage to watch the market leader, Airbnb, stumble through issues ranging from […]

Professor whose formula predicts bankruptcies has a big warning

The New York University professor who developed one of the best-known formulas for predicting corporate insolvencies has a warning for US credit investors: this year’s spate of “mega” bankruptcies is just getting started. More than 30 American companies with liabilities exceeding $1 billion have already filed for Chapter 11 since the start of January, and […]

Dubai hosts over 300 webinars to boost city’s global appeal

Dubai: Dubai’s Department of Tourism & Commerce Marketing (Dubai Tourism) hosted 349 trade webinars over a four-month period leading to the city’s reopening to tourists on 7 July, as part of a global marketing programme aimed at ensuring Dubai remains top of mind among tourists as a safe must-visit destination. The virtual sessions, held for […]

No option left for Air India but privatisation: Minister

New Delhi: India’s Civil Aviation Minister Hardeep Singh Puri on Thursday said that no other option is left with Air India but to go in for privatisation. Replying to a question during a press briefing on civil aviation issues, the minister said that the airline cannot depend on state funding to survive. He cited that […]