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Travel Industry News

Mauritius Sees Strong Tourism Revenue Rise

February 27, 2015

Mauritius tourism revenues are seen rising 9.5 percent this year, after a jump in 2014 that was driven by higher visitor numbers, official data showed.
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Mauritius Sees Strong Tourism Revenue Rise

Hertz Restatement To Dent Profit More Than Expected

February 25, 2015

Hertz said it expects profits for 2011, 2012 and 2013 will be reduced more than expected due to an ongoing restatement of results.
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Hertz Restatement To Dent Profit More Than Expected

Mainland Chinese Visits To Hong Kong Drop

February 24, 2015

The number of mainland Chinese visitors to Hong Kong during the Lunar New Year holiday fell for the first time in about 20 years as they have felt increasingly unwelcome amid political unrest in the city.
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Mainland Chinese Visits To Hong Kong Drop

Thomas Cook Seeks To Sell Airline Business - Report

February 22, 2015

British leisure travel company Thomas Cook is seeking to sell its airline business as part of a cost-saving plan, the Sunday Times newspaper reported, without citing sources.
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Thomas Cook Seeks To Sell Airline Business - Report

Northeast US Travel Agents Warm To Winter

February 22, 2015

The record-breaking winter weather that has put the US Northeast in a deep freeze this month and brought mountains of snow is making most people miserable but travel agents are learning to love it.
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Northeast US Travel Agents Warm To Winter

Priceline Fourth-Quarter Profit Up 20 Percent

February 19, 2015

Priceline reported a quarterly profit increase of nearly 20 percent, but forecast first-quarter revenue below estimates due largely to foreign exchange volatility.
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Priceline Fourth-Quarter Profit Up 20 Percent

Accor Scores Record Full-Year Profit

February 18, 2015

Accor reported a record operating profit last year, reaping the fruits of a restructuring as well as recovering demand for hotel rooms in Europe.
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Accor Scores Record Full-Year Profit

Hilton Revenue Up 7 Pct On Higher Occupancy

February 18, 2015

Hilton Worldwide, the owner of Conrad and Waldorf Astoria hotel brands, reported a 7 percent rise in quarterly revenue, as increased business travel in the United States drove up occupancy rates.
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Hilton Revenue Up 7 Pct On Higher Occupancy

TPS Eastern Africa Sees 2014 Profit Fall

February 17, 2015

Kenyan hotelier TPS Eastern Africa expects its profit for 2014 to fall by at least a quarter, mainly due to frequent attacks by Islamists that scared off tourists.
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TPS Eastern Africa Sees 2014 Profit Fall

Expedia To Buy Orbitz For USD$1.33 Billion

February 12, 2015

Online travel booking company Expedia will buy Orbitz Worldwide for about USD$1.33 billion in cash to bring on the rival's programmers and widen its customer base.
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Expedia To Buy Orbitz For USD$1.33 Billion