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Ad - Sabre Travel Trends 468 x 60 April 18 2014

Wotif Sells To Expedia for $703 million

Online travel agent Wotif looks to have stitched up a deal to sell its entire operation to global giant Expedia for AUD703 million, or AUD3.30 a share. Company directors and co-founders, Graeme Wood and Andrew Brice, who between them control 35% of Wotif stock, support the deal, making a counter-bid unrealistic and therefore unlikely. (Check back for a detailed analysis later today).

Tiger Tanks as Lacklustre Market Hurts Virgin Performance

The recurring theme of 'weak domestic consumer sentiment" has once again been cited by a travel company when announcing slower than expected growth. On this occasion it was Virgin Australia. During May it said domestic business was up slightly, international flights did quite well but the company's low cost carrier Tigerair Australia under-performed, with revenue load factor falling 15%. More 

Ad - Sabre Travel Trends 468 x 60 April 18 2014

Mirvac, NRMA Sell Travelodge Asian Brand Rights for $3m

Rights to the Travelodge hotel brand in 22 markets throughout Asia-Pacific, excluding Australia and New Zealand, have been acquired by ICP, a Singaporean company that makes and markets semi-conductors.

ICP paid AUD3 million for the brand to an Australian-based joint venture between Mirvac and NRMA, who have clearly ditched plans to grow the brand themselves. More 

Lifeline for ABS Tourism Accommodation Data

Extra funding has been found to support the Survey of Tourism Accommodation – which monitors the performance of 8000 Australian properties –  for the next year but its long-term future remains in doubt. Minister for Trade and Tourism, Andrew Robb, said Austrade would fund the research for 2014-15. More 

Upcoming Events

No Vacancy Bali - August 29, 2014

GROWING PAINS -
NO VACANCY BALI

Where: W Retreat and Spa Bali
When: Friday, August 29, 2014
Bookings: AUD399 early bird

No Vacancy is a fast-moving, issues-based one-day accommodation conference that's coming to Bali for the first time at the end of August.

It features excellent speakers (see below) and a focussed program that lifts the lid on Asia's hottest accommodation market. 

Book now to get the early bird rate.

Confirmed speakers:

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Event Partners

 

 

 

Click for Early Bird Bookings

TRAVELtech Conference 2014

INNOVATION (& INSPIRATION)

Where: Sheraton on the Park, Sydney
When: Friday, October 24, 2014
Bookings: AUD449 + gst

Tickets are now on sale for TRAVELtech 2014.

The central theme this year is innovation - "finding a better way of doing something"...

Work is well under way on the program and lots of great local and international speakers have already been confirmed.

TRAVELtech will officially be launched the week beginning August 11.

Until then we'll be selling tickets at the special pre-program rate of $449 + gst.

- Book now and save

It's a small risk to take given TRAVELtech's outstanding track record since it was founded back in 1999.

We'd also love to hear your thoughts, should you have any.

So please get in touch if you'd like to contribute an idea, speak or sponsor.

Gold Sponsors:

Event Partners:

Book $449 + gst Pre-Program Rate

No Vacancy Australia 2015

No Vacancy Australia returns to Sydney on March 26, 2015

Get set for No Vacancy Australia 2015.

The date has just been set and the venue confirmed.

More news in the coming months.

Any thoughts or ideas, please contact Martin Kelly.

Still reading?

Then check out this lively sizzle reel from 2014 to get a feel for the event.