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Travel Industry News

Chinese Visitors Help Lift Mauritius Tourism

September 19, 2014

Mauritius tourism revenue rose 5.7 percent year on year from January to July mainly due to a jump in visitors from China.
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Chinese Visitors Help Lift Mauritius Tourism

TUI, TUI Travel Agree EUR€6.5 Bln Merger

September 15, 2014

Europe's biggest tour operator, TUI Travel, and majority owner TUI have agreed the terms of a merger, creating the world's largest leisure and tourism group with a combined value of EUR€6.5 billion (USD$8.42 billion).
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TUI, TUI Travel Agree EUR€6.5 Bln Merger

Fosun Makes Counter-bid For Club Med

September 12, 2014

Chinese conglomerate Fosun has launched a last-minute counter offer for holiday operator Club Mediterranee, hours before a deadline for rival proposals to a bid from Italian tycoon Andrea Bonomi.
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Fosun Makes Counter-bid For Club Med

Travelport IPO Expected To Raise USD$480 Mln

September 11, 2014

Airline ticketing company Travelport's initial public offering is expected to raise up to USD$480 million, the company said in a regulatory filing.
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Germany Considers Scrapping Air Traffic Tax

September 10, 2014

Germany's Transport Ministry is looking into potentially phasing out the country's tax on air traffic which has attracted strong criticism from airlines.
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Germany Considers Scrapping Air Traffic Tax

Air France Sells Part Of Amadeus Stake

September 9, 2014

Air France-KLM will receive EUR€339 million (USD$438 million) in cash from the sale of a more-than 3 percent stake in travel technology company Amadeus.
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Air France Sells Part Of Amadeus Stake

Thailand's Tourist Arrivals Down In August

September 9, 2014

The number of tourists arriving in Thailand in August fell 11.9 percent from a year earlier after a 10.9 percent drop in July, suggesting the industry has not fully recovered from months of political unrest.
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Thailand's Tourist Arrivals Down In August

Russia Hints At Flight Ban In Response To Sanctions

September 8, 2014

Russia may ban Western airlines from flying over its territory as part of an "asymmetrical" response to new European Union sanctions over the Ukraine crisis.
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Russia Hints At Flight Ban In Response To Sanctions

Dubai's dnata To Buy Stella Travel Services

September 7, 2014

Dubai’s dnata, part of the Emirates Group which includes the Emirates airline, has agreed to buy Britain’s Stella Travel Services pending regulatory approval.
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Dubai's dnata To Buy Stella Travel Services

Club Med Says Weak Europe, Africa Hits Bookings

September 5, 2014

French leisure travel group Club Med said summer bookings were down 5.4 percent year-on-year, hit by a sharp decline in Europe and Africa and by resort closures.
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Club Med Says Weak Europe, Africa Hits Bookings