Travel Industry News

TUI, Etihad End Leisure Airline JV Talks

June 8, 2017

TUI, Etihad End Leisure Airline JV Talks

Etihad and TUI Group have ended talks on a joint venture to form a European leisure airline.


TUI Narrows First Half Loss

May 15, 2017

TUI Narrows First Half Loss

European travel group TUI reported a narrower loss for its first six months as hotel and cruise revenue grew.


Two-thirds Of Travel Websites Mislead On Prices

April 7, 2017

Two-thirds Of Travel Websites Mislead On Prices

A European Commission report into online travel booking says two-thirds of the websites screened displayed misleading prices.


Priceline Q4 Profit Up a Third

February 27, 2017

Priceline Q4 Profit Up a Third

Priceline travel group reported fourth quarter net income up a third at USD$673.9 million, on higher agency revenue.


Flight Centre First Half Profit Drops 36 Pct

February 23, 2017

Flight Centre First Half Profit Drops 36 Pct

Australia-based travel agent Flight Centre announced a first half net profit drop of 36 percent, due to “unprecedented airfare discounting.”



AccorHotels Reports 2016 Profit Up 8 Pct

February 22, 2017

AccorHotels Reports 2016 Profit Up 8 Pct

AccorHotels announced net profit for 2016 of EUR€266 million, an 8 percent increase from the previous year.


Indonesia's Foreign Tourist Arrivals Up In December

February 16, 2017

Indonesia's Foreign Tourist Arrivals Up In December

The number of foreign tourist arrivals in Indonesia for December reached 1.11 million, a rise of 12.85 percent.


TUI To Sell Travelopia To KKR

February 13, 2017

TUI To Sell Travelopia To KKR

TUI Group has agreed to sell its Travelopia unit to US private equity firm KKR for EUR€381 million (USD$404 million).