Brits spending less on holidays due to cost of living crisis

UK consumer spending on international travel went down in July, as disposable household income fell, according to data from Barclaycard

Nearly 50,000 tourism jobs in Portugal could remain unfilled, says WTTC

A new analysis of staff shortages by the World Travel & Tourism Council (WTTC) has revealed a labour shortfall in Portugal, with nearly 50,000 jobs predicted to be unfilled

Allianz considering selling stake in Saudi subsidiary

Allianz is considering selling its controlling stake in Riyadh-based insurer Allianz Saudi Fransi in an effort to streamline its portfolio and raise cash

Restricted cover reduces public trust in insurers

Restricted cover is the biggest threat to public trust in the insurance profession in the coming months, according to a poll of Chartered Insurance Institute members

Insurtechs raise investments in latest funding rounds

Kenya’s Lami Technologies raised US$3.7 million through Harlem Capital-led second round of funding, while the UK’s Quotech acquires £1 million from Convex Group and other investors

Hong Kong cuts hotel quarantine for travellers

From Friday 12 August, the authorities in Hong Kong are to reduce the amount of time travellers must spend in isolation on arrival from seven days to three