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Travel Industry News

Online Travel Group Unister Relaunches Sale

November 19, 2014

German online travel group Unister Travel has attracted first round bids from buyout groups in a potential EUR€700 million to EUR€1 billion (USD$877 million - USD$1.25 billion) deal, after legal problems delayed an earlier sale attempt.
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Online Travel Group Unister Relaunches Sale

Thailand's October Tourist Arrivals Up 6 Percent

November 14, 2014

The number of tourists arriving in Thailand in October rose for the first time since January, up 6.14 percent from a year earlier, suggesting a key sector of the economy is recovering from a slump following months of political unrest.
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Thailand's October Tourist Arrivals Up 6 Percent

Asiana To Halt San Francisco Service For 45 Days

November 14, 2014

South Korea's transport ministry has decided to suspend Asiana Airlines' Incheon-San Francisco route for 45 days in relation to the plane crash in 2013.
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Asiana To Halt San Francisco Service For 45 Days

World Duty Free Lifts Profit, Names New CEO

November 14, 2014

World Duty Free announced a rise in third-quarter underlying core earnings and said it had appointed Chief Commercial Officer Eugenio Andrades to the role of chief executive.
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World Duty Free Lifts Profit, Names New CEO

Mauritius' Sun Resorts Pretax Loss Narrows

November 13, 2014

Mauritius' Sun Resorts reported a narrower nine-month pretax loss, helped by higher occupancy rates from a year ago.
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Mauritius' Sun Resorts Pretax Loss Narrows

HNA Adds To NH Hoteles Shareholding

November 11, 2014

The HNA Group has bought an additional 8.33 percent of Spain's NH Hoteles, taking its holding to 29.5 percent.
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HNA Adds To NH Hoteles Shareholding

US, China To Extend Visas To Boost Trade, Tourism

November 10, 2014

China and the United States have agreed to significantly extend the terms of short-term visas, US President Barack Obama said on Monday in Beijing, a deal he said would improve trade and business ties between the world's two largest economies.
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US, China To Extend Visas To Boost Trade, Tourism

Air China, Air Canada To Cooperate On Flights

November 9, 2014

Air China and Air Canada aim to launch a comprehensive joint operation scheme late next year, which will cover all flights between the two countries, Air China said.
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Air China, Air Canada To Cooperate On Flights

Orbitz Gets Boost From North America Travel

November 6, 2014

Online travel operator Orbitz Worldwide reported a 14.6 percent increase in quarterly revenue, helped by rising leisure and business travel in North America.
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Orbitz Gets Boost From North America Travel

Amadeus 9 Month Core Profit Rises 9 Pct

November 6, 2014

Travel technology company Amadeus reported a 9.3 percent rise in core profit in the first nine months from a year earlier to EUR€1.038 billion (USD$1.30 billion).
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Amadeus 9 Month Core Profit Rises 9 Pct