Turmoil at AirAsia X as CEO Replaced and Restructure Begins

New CEO of AirAsia X, Datuk Kamarudin Meranun
New CEO Datuk Kamarudin Meranun

The honeymoon is over at AirAsia X – the long-haul brand of AirAsia. CEO Azran Osman Rani 'resigned' from the loss-making carrier on Friday, replaced by Datuk Kamarudin Meranun, who has been charged with turning the struggling airline airline around.

One of his first tasks will be to oversee a USD109m rights issue to strengthen AirAsia X's balance sheet, under pressure from incessant losses by the carrier. More 

Ad - Sabre 468x60 March 23, 2015
Ad - Sabre 468x60 March 23, 2015

Abolition of Fuel Surcharges Good For All – Even The Airlines – But Won't Lead To Cheaper Airfares

oil drillingEveryone'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 

Expedia Buys Travelocity From Sabre Corp

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.

Chinese Company Wins Approval for Club Med Buy

logo - club med tridentFrench 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.

Expedia Overhauls Tech Platform, Launches New Products

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 

The Russians Are NOT Coming…

Vladimir Putin The Russian TouristInteresting 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.

Cheap Airfares, Marketing To Stimulate Flat Domestic Demand – Flight Centre

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 

Airbnb Goes Corporate with Concur Integration

Leisure travel phenomenon Airbnb has completed its integration with Concur’s TripLink product – giving  the site corporate credibility. It means business travellers can book through Airbnb and and have expense reports and itineraries automatically pre-populated in Concur. More than sixty companies have so far signed up.

Upcoming Events

Travel Invest - Sydney 2015

IS TRAVEL A BUY?

What: New half-day event
Where: Westin Sydney
When: Tuesday, May 26, 2015
Agenda: Click for Details
Bookings: $275 + gst early bird

The agenda and first round of speakers have been announced Travel Invest, Asia's first 360 degree travel investment event.

Confirmed speakers so far include:

  • Andrew Flannery, CFO, Flight Centre
  • Armina Soemino, Emerging Companies Equity Research Analyst, JP Morgan
  • Benjamin Chong, Partner, Right Click Capital
  • Bob East, CEO, Mantra Group
  • Darrin Grafton, CEO, Serko
  • John O’Shea, Senior Research Analyst, Bell Potter
  • Mark Bullock, Portfolio Manager – Tourism and Accommodation, Indigenous Business Australia
  • Paul Wilson, co-Founder and Managing Partner, Bailador
  • Scott Blume – Online Travel Industry Leader
  • Sam Dobson, Senior Analyst, Transport and Infrastructure, Macquarie Securities
  • Speaker tba, Village Roadshow

More speakers will be announced soon - expecting 15 all up.

More...

TRAVELtech New Zealand

TRAVELtech NEW ZEALAND

 

  • The Pullman Hotel Auckland
  • Thursday, June 25, 2015

Get set for the first-ever TRAVELtech New Zealand conference and trade show.

It marks the international debut of Asia-Pacific's original travel internet and distribution event.

Bookings will open next week, while speakers and program are being announced the week beginning April 20.

We're always open to ideas so don't hesitate to get in touch.

Stay tuned for updates!

Register  for event updates.

Click for further details

No Vacancy Australia 2015

IT'S A WRAP!

It's a wrap! No Vacancy Australia has just been staged in Sydney.

Please subscribe if you'd like further event updates.

Meanwhile, check out this year's speaker lineup and hope to see you in 2016...

Major Partner:

Sponsors:

 

 

 

 

 

 

 

INDUSTRY PARTNER

MEDIA PARTNER

See speakers, agenda

No Vacancy Bali 2015

NO VACANCY BALI

Late August 2015

No Vacancy Bali will return bigger and better to the Island of the Gods in late August, 2015.

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More...

TRAVELtech Sydney 2015

TRAVELtech Australia

TRAVELtech returns to Sydney on October 15.

Founded in 1999, it's Australia's leading web travel event, attracting 200+ delegates each year.

Early days at this stage and further details of this year's event will be posted over the next couple of months.

Meanwhile, if you have any questions, please get in touch.

PIX FROM 2014

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