After nearly two years of some of the harshest pandemic measures of any democracy in the world, business travellers and foreign tourists started entering Australia with few restrictions.
To stop the local spread of COVID-19, the country closed its borders to tourists in March 2020. However, the Australian government lifted its last remaining travel restrictions and opened its borders to passengers who had received all required vaccinations on Monday.
There will be more than 50 international aircraft landing in the nation each day, with 27 of them landing in Sydney, the biggest city in the nation. After being completely destroyed by the COVID-19 regulations, the hotel and tourism industries seek to revive.
Speaking to reporters from the island nation of Tasmania, which relies heavily on tourism, Prime Minister Scott Morrison said that the day was very exciting and that he had been anticipating it ever since he first closed the country’s borders at the start of the pandemic.
With a market value of about A$60 billion ($43 billion) and employment of close to 5%, tourism is one of Australia’s largest industries. The sector, however, was severely hampered after the nation closed its borders in March 2020.
The Omicron coronavirus variant outbreak in Australia looks to have crested as the country’s borders fully reopen, with hospital admissions slowly declining over the last three weeks.
Apollo Funds will purchase the Venetian Expo from Las Vegas Sands for $6.25 billion.
Officially, new owners have taken over The Venetian Expo, The Venetian, and Palazzo. The Venetian and Palazzo casino resorts’ new and previous owners announced on Wednesday that a deal to purchase the venerable Las Vegas Strip buildings for $6.25 billion had been finalised.
The significant agreement was announced in March 2021 by Sands, Vici Properties Inc., and Apollo Global Management Inc. According to the agreement, Apollo Global Management Inc. will pay $1.2 billion in seller financing in the form of a term loan credit and security agreement in addition to $1.05 billion in cash. Vici Properties Inc., a real estate investment trust with headquarters in New York and a subsidiary of Caesars Entertainment Inc., will invest $4 billion in the purchase.
The site for the resort was purchased by Vici Properties Inc. as a real estate investment trust, while Apollo Global Management Inc. acquired the cash flow and operations of the building. As per the provisions of the contract, Apollo has promised to pay Vici’s rent.
The luxury hotel complex will undergo certain changes, including the renaming of the Venetian Expo, according to separate releases from Las Vegas Sands Corp. and Apollo Global Management Inc.
The management group would continue in its current form, according to The Venetian Resort’s CEO, George Markantonis.
With a focus on the UK, Uber and Omio have partnered to enable train and coach reservations.
In order to allow consumers to book longer-distance ground transportation, Uber is testing the addition of bus and rail travel to its app in the UK. This is done through a fully integrated partnership with Berlin-based global travel platform, Omio.
Omio has spent than ten years operating to develop its consumer-facing apps for booking domestic and international travel across a wide range of supported transportation alternatives. However, it has been devoting resources to developing a business-to-business line recently, making its inventory accessible to partners via APIs so they may include transportation booking choices in their platforms, apps, and apps.
Uber is not Omio’s first partnership of this kind, claims founder and CEO Naren Shaam. He did, however, concede that it is the first partner to have complete access to its ground transportation inventory, which includes more than 1,000 transportation providers in 37 different nations.
According to CEO Shaam, in order for users to complete all transactions within the Uber app, Uber was the first partner in both scales and the first to receive access to Omio’s full ticketing API. He continued by saying that it was the first time they had worked together on a product they were proud of.
Earlier B2B agreements between Omio and companies in the transportation industry include, among others, the UK-based LNER, the travel search engine Kayak, and Huawei.