Tnooz claims that travel distribution company Sabre Inc is set to buy the 65% of Abacus it doesn't already own for around USD500m within the next two months. See story.
Everyone's getting excited about the potential end to the odious fuel surcharge airlines have been slapping onto airfares over the past decade to compensate, so they say, for record high fuel prices.
But now the oil price is plummeting - from USD115 per barrel to less than USD50 in just six months – public pressure has led to key airlines such as AirAsia, Qantas, Virgin Australia, All Nippon Airways and Japan Airlines to either withdraw or amend fuel surcharges. More
A report in the Sydney Morning Herald says CEO Scott Blume is leaving Wotif.com this week and that new owner Expedia is targetting the online travel company's IT and regional staff for redundancies over the next few weeks. Expedia has not commented on the claims. See story.
Tahiti was the best performing hotel market in the Asia Pacific region during 2014, posting +7.4% growth in average daily rate during the year thanks to strong demand for its luxury accommodation, according to STR Global. More
Expedia has, as the market expected, bought the North American operations of Travelocity from Sabre Corp. The former arch-enemies have been business partners for the past couple of years with Expedia handling Travelocity's marketing and IT. Expedia paid USD280m. Meanwhile, Skift reports that Bravofly has an agreement with Sabre to buy Lastminute.com for USD120m.
French travel icon, Club Med, will be likely Chinese-owned by Feb 9 after regulators approved the takeover bid by Fosun International, which has offered €24.60 per share for the resort operator, valuing it at around €939 million. Fosun has been in a bidding war with Italian businessman Andrea Bonomi for Club Med since May, 2013, the longest takeover fight in the history of the Paris Bourse.
In Canberra, home of Australia's Federal Parliament, politics are business. So it should come as no surprise that with Tony Abbott's Liberal-National Government performing so poorly, Canberra's hotel market is in something of a hole. More
Speculation is rife that Orbitz Worldwide is looking to sell up and go private. The company – an online travel conglomerate listed on the NYSE – has never really made it since being founded by Continental Airlines, Delta Air Lines, Northwest Airlines, United Airlines and American Airlines way back in 1999. More
Indonesian Government moves to stop the country's airlines from selling heavily discounted fares have been attacked as a "counterproductive, unfortunate knee jerk response" that adds further complexity to an already over-regulated system. More
You too can bare it while bearing it as nature gets up close and personal at the newly opened Jamala Wildlife Lodge at the National Zoo and Aquarium in Canberra. See more at the Daily Telegraph.
Expedia is preparing a global roll-out of two new products for suppliers it is currently testing in the United States - Real Time Feedback and Sell Tonight.
They are the headline products of Expedia's strategy to diversify and add value to its hoteliers, becoming a technology and data provider – not just a sales channel – via an overhauled PartnerCentral platform. More
Singapore Airlines has contracted Mobile Travel Technologies to revamp its mobile apps and develop a new mobile strategy for the leading Asian carrier. First up for a makeover are the Smartphone apps followed by tablet offerings. No timing has been announced.
Amadeus has announced a big account win, signing a multi-year agreement with Ctrip.com, China's largest OTA, to provide travel product for its international expansion, including "all air content for points of sale outside of mainland China. More
Interesting story out of Thailand, where the Russian tourism bubble has burst due to the impact international sanctions are having on Russia's economy: ie a weak rouble = less money to spend on travel. There have already been sharp falls in visitor numbers during late 2014 and the consensus is that 2015 will be much worse, particularly for the mass market destinations of Pattaya and Phuket. See TTG Asia story.
It’s a slow, hard day, right, just two or three days before Christmas, depending on where you are and how you’re counting.
But we all have obligations, and mine is to file the final TTNews for 2014. So what’s news? Well for my money one of the year’s biggest stories has just begun unfolding. More
Expedia boss Dara Khosrowshahi says the online travel giant is "going through an interesting stage in our evolution.
"Over the past five years most of the staff growth has been coming in product and IT. More
Flight Centre is hoping that cheap airfares and increased marketing will combine to stimulate flat demand from Australian consumers, a trend which led to the company's first profit downgrade in four years yesterday.
Australia's largest travel retailer is boosting its sales and marketing spend by 10% – from 1.0% of total turnover value to 1.1% of TTV – to stimulate demand, which it believes is still suffering from the Federal Budget way back in May. More