Follow @AirwiseNews

Travel Industry News

Sabre IPO Downsized As Shares Priced Below Forecast

April 17, 2014

Travel bookings company Sabre's initial public offering fell short of expectations on Wednesday as its shares were priced below projections, valuing the owner of the Travelocity website at USD$4.14 billion.
Read story

Sabre IPO Downsized As Shares Priced Below Forecast

Al Tayyar Travel Group Q1 Profit Rises 28 Pct

April 17, 2014

Saudi Arabia's Al Tayyar Travel Group posted a 28.4 percent rise in first-quarter net profit on Thursday as sales increased and it sold property and equipment.
Read story

Uganda, Tanzania Boost Hotelier TPS' 2013 Profit

April 16, 2014

Kenyan hotelier TPS Eastern Africa has posted a 35 percent jump in pretax profit last year to KES973 million shillings (USD$11.2 million).
Read story

Uganda, Tanzania Boost Hotelier TPS' 2013 Profit

TUI Stake In Hapag-Lloyd To Drop To 13.9 Pct

April 16, 2014

German travel and tourism company TUI's stake in container shipping company Hapag-Lloyd will drop to 13.9 percent following the latter's tie-up with Chilean peer Compania SudAmericana de Vapores.
Read story

TUI Stake In Hapag-Lloyd To Drop To 13.9 Pct

Travel Firm Bravofly Prices IPO Shares

April 14, 2014

Online travel agency Bravofly Rumbo Group priced its initial public share offer at CHF48 Swiss francs a share on Monday, giving the company a market value of CHF698 million francs (USD$794 million).
Read story

Travel Firm Bravofly Prices IPO Shares

Dubai To Cut 26 Pct Flights During Runway Work

April 14, 2014

Airlines flying into Dubai are preparing for diversions and schedule changes as the emirate's main airport, a hub for tourism and trade in the region, plans to reduce the number of flights it handles during construction work on its runways.
Read story

Dubai To Cut 26 Pct Flights During Runway Work

Ryanair Joins Rivals In German Expansion Move

April 10, 2014

Low cost carrier Ryanair plans to expand at Germany's Cologne airport, joining rivals in boosting services in Europe's largest economy and providing more competition for Lufthansa on its home territory.
Read story

Ryanair Joins Rivals In German Expansion Move

Mauritius Tourist Arrivals Fall In First Quarter

April 10, 2014

The number of tourists visiting Mauritius fell 0.8 percent in the first quarter compared with the same quarter a year ago as arrivals from Europe dwindled, official data showed.
Read story

Mauritius Tourist Arrivals Fall In First Quarter

Russian Tourism Could Be Hit By Ukraine Crisis, Terrorism

April 9, 2014

Tourism to Russia could be hit by terrorist attacks and the revolution in Ukraine, according to market research company Euromonitor International.
Read story

Russian Tourism Could Be Hit By Ukraine Crisis, Terrorism

Hotel Chain La Quinta Makes Subdued Market Debut

April 9, 2014

Shares of hotel chain La Quinta Holdings made a subdued market debut as investors took the view that the stock was fully priced in a crowded IPO market.
Read story

Airwise adspace