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Travel Industry News

Expedia Sells eLong Stake To Ctrip

May 22, 2015

Expedia has sold its entire stake in online travel company eLong to rival Ctrip and others for about USD$671 million, after struggling with mounting losses at the Chinese company.
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Expedia Sells eLong Stake To Ctrip

Airlines Ramp Up Competition In Dallas

May 20, 2015

The shares of US airlines dropped on Wednesday on concerns that several big carriers are gearing up for a fare war, with Dallas as ground zero.
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Airlines Ramp Up Competition In Dallas

Mauritius' Q1 Tourism Revenues Up 3 Pct

May 20, 2015

Mauritius' tourism revenues rose 3 percent to MUR11.86 billion rupees (USD$339 million) in the first quarter versus the same period last year, as visitor numbers increased.
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Mauritius' Q1 Tourism Revenues Up 3 Pct

Malaysia Airlines To Sell Abacus Stake

May 18, 2015

Malaysia Airlines is divesting its indirect 8.84 percent share in Asia-Pacific travel distributor Abacus International as part of its plan to streamline its business and sell non-core assets.
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Malaysia Airlines To Sell Abacus Stake

TUI Group To Retire Thomson Brand

May 13, 2015

TUI Group expects annual profit growth of more than 10 percent over the next three years and said it will drop the Thomson brand in Britain as part of its post-merger shake-up.
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TUI Group To Retire Thomson Brand

TUI Group Simplifies Structure, Deputy CEO Quits

May 12, 2015

TUI Group deputy chief executive Johan Lundgren is to quit the company as it announced it would simplify its structure by combining its tour operating, hotel and cruise ship arms into one unit.
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US Airline Consumer Complaints Rose In March

May 11, 2015

Complaints about US airlines rose more than 55 percent in March, mainly due to flight problems, a federal government report said.
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US Airline Consumer Complaints Rose In March

United To Drop Some Winter Transatlantic Flights

May 8, 2015

United Airlines is planning on cutting some transatlantic flights after the peak summer travel season ends as the strong US dollar weighs down international demand.
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United To Drop Some Winter Transatlantic Flights

Chinese Travel Booker Tuniu Sells Shares

May 8, 2015

Chinese travel website Tuniu has sold USD$500 million worth of new shares to a group of investors led by JD.com, China's No. 2 e-commerce site, as part of a tie-up to boost its customer base.
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Chinese Travel Booker Tuniu Sells Shares

Priceline Profit Edges Up, Expects Slower Growth

May 7, 2015

Priceline reported a first-quarter profit that was up slightly from a year ago, but expects growth to slow in the second quarter as weak foreign currencies relative to the US dollar crimp its sales.
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Priceline Profit Edges Up, Expects Slower Growth