Travel News

Flight Centre Profit Down 4.7 Percent

August 24, 2016

Flight Centre Profit Down 4.7 Percent

Australian travel group Flight Centre announced a full-year profit drop of 4.7 percent to AUD$244.6 million (USD$186.4 million).


WTTC Sees Resilient Global Tourism

August 22, 2016

WTTC Sees Resilient Global Tourism

The World Travel & Tourism Council (WTTC) says it is registering strong growth in tourism despite global challenges.


Expedia Profit Drops, Mulls Listing For Trivago

July 28, 2016

Expedia Profit Drops, Mulls Listing For Trivago

Expedia reported lower quarterly revenue and profit due to higher promotions and discounts to promote new hotel listings.


Flight Bookings For France Drop After Nice Attack

July 28, 2016

Flight Bookings For France Drop After Nice Attack

Demand for air travel to France, and Nice in particular, has dropped again after an attacker killed 84 people in the city on the French Riviera on July 14, according to travel data analysis company ForwardKeys.


Thomas Cook’s Q3 Profit Down, Cuts Outlook

July 28, 2016

Thomas Cook’s Q3 Profit Down, Cuts Outlook

Thomas Cook has lowered its full-year profit forecast as attacks in Europe and the failed coup in Turkey made people change their travel plans.



Turkish Tourist Arrivals Drop 40 Pct In June

July 28, 2016

Turkish Tourist Arrivals Drop 40 Pct In June

The number of foreigners visiting Turkey dropped more than 40 percent in June, marking the biggest drop in at least 22 years as tensions with Russia and a series of deadly bombings kept tourists away.


AccorHotels Eyes Higher Profit Despite Brexit, Europe Attacks

July 27, 2016

AccorHotels Eyes Higher Profit Despite Brexit, Europe Attacks

AccorHotels has predicted its operating profit would rise further this year as the hotel group benefits from its restructuring and gets a boost from the acquisition of luxury hotel group FRHI.


Greece May Win Over Tourists Shunning Turkey

July 25, 2016

Greece May Win Over Tourists Shunning Turkey

Greece may win over last-minute visitors scared away from tourist rival Turkey after the failed military coup but overall growth in the sector remains fragile, according to the country’s largest tourism body.


Turkey Says No Panic Among Tourists

July 22, 2016

Turkey Says No Panic Among Tourists

Turkey's key tourism sector had not suffered any immediate fallout from last week's failed military coup, Nabi Avci, its minister for culture and tourism said.


Failed Turkish Coup Piles Pressure On Travel Companies

July 19, 2016

Failed Turkish Coup Piles Pressure On Travel Companies

The attempted coup in Turkey has dealt another blow to the country's already weakened tourism industry and will weigh on profits of the nation's airlines and airports as well as tour operators serving the country, industry experts said.