Travel News

TUI Sells Hotelbeds Business

April 28, 2016

TUI Sells Hotelbeds Business

European tourism group TUI is selling its Hotelbeds unit to private equity group Cinven and Canada Pension Plan Investment Board in a deal worth EUR€1.165 billion (USD$1.3 billion).


Expedia's Revenue Jumps 38.6 Percent

April 28, 2016

Expedia's Revenue Jumps 38.6 Percent

Expedia reported a 38.6 percent jump in quarterly revenue, helped largely by a string of acquisitions.


HNA To Buy Radisson Hotel Owner Carlson

April 27, 2016

HNA To Buy Radisson Hotel Owner Carlson

A unit of China's HNA Group has agreed a deal to buy Carlson Hotels, the owner of the Radisson hotel chain.


Advantages Of A Single Australia-New Zealand Tourist Visa

April 25, 2016

Advantages Of A Single Australia-New Zealand Tourist Visa

A trans-Tasman Sea regional visa, granting entry to both Australia and New Zealand, could encourage more people to make long-haul flights to the region, tourism chiefs in the two nations said.


Egyptian Tourism Revenue Down 66 Pct In Q1

April 25, 2016

Egyptian Tourism Revenue Down 66 Pct In Q1

Egypt netted just USD$500 million in tourism revenue in the first quarter of 2016, down from USD$1.5 billion a year earlier, highlighting the country's struggle to kickstart a key earner.



Ctrip Takes China Eastern Stake

April 21, 2016

Ctrip Takes China Eastern Stake

Chinese online travel agency Ctrip has agreed to invest CNY3 billion yuan (USD$463 million) in China Eastern Airlines through a private share placement.


Tunisia Sees Tourism Figures Steady Despite Attacks

April 20, 2016

Tunisia Sees Tourism Figures Steady Despite Attacks

Tunisia expects to attract 5.5 million foreign tourists this year, about the same as last year, after increasing security at hotels and focusing on new markets to counter the fallout from militant attacks.


HNA Buys Currency Exchange Firm ICE

April 15, 2016

HNA Buys Currency Exchange Firm ICE

Chinese conglomerate HNA Group has agreed to buy British bureau-de-change operator International Currency Exchange, the latest takeover in a European investment spree aimed at expanding its business outside Asia.


EQT's Takeover Of Kuoni Clears Shareholder Hurdle

April 14, 2016

EQT's Takeover Of Kuoni Clears Shareholder Hurdle

Private equity group EQT has secured nearly 80 percent of the voting rights in Swiss travel group Kuoni, clearing a major hurdle for its CHF1.4 billion Swiss franc (USD$1.45 billion) takeover offer for listed shares.


Thailand Sees Tourism Boost During Songkran Festival

April 13, 2016

Thailand Sees Tourism Boost During Songkran Festival

Thailand expects tourism to generate revenues of THB15 billion baht (USD$428 million) during the three-day Songkran festival, 10 percent more than last year.