Ad - Sabre 468x60 April 20, 2015
Ad - Sabre 468x60 April 20, 2015

Forex Hurts Expedia But Growth Continues

Expedia recorded strong room night growth of 28% for the fourth quarter of 2014 but earnings per share were under market expectations. The company cited unfavourable foreign exchange as a factor. For 2014, Expedia made a full year profit of USD398.1m, 71% up on the previous year.

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 

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.

Upcoming Events

TRAVELtech New Zealand

TTNZ BOOKINGS OPEN, SPEAKERS ANNOUNCED! AKL - JUNE 25

Get set for TRAVELtech NZ, a conference for New Zealand's growing travel tech, online marketing and distribution community.

The theme is Innovation and Inspiration with a focus on online travel, e-commerce, distribution, digital marketing, mobile, social media, web trends and other key issues.

It's being held at the Pullman Auckland on Thursday, June 25, and features a strong agenda, excellent networking, fantastic local and international speakers, including:

  • Mike Ballantyne, Co-Founder, Online Republic
  • Daniel Bridges, Head of Satellites, Trade Me
  • Sydney Burdick, Global PR and Social Media, Trivago
  • Keith Chilek, Chief Technology Officer, Tourism Holdings Limited
  • Andrew Fraser, Director of Marketing, Tourism New Zealand
  • Darrin Grafton, Chief Executive Officer, Serko
  • David Hamblin, Senior Director Market Management AP, Expedia® Lodging Partner Services
  • Andrew Hodges, Head of Revenue NZ and Fiji, Accor Pacific
  • Paula Maxwell, Director of Trade Sales, Mantra Group
  • Dougal Mckenzie, Industry Head – Travel, Google Australia & NZ
  • Alana Saphin-Polchleb, Senior Marketing Manager, Skyscanner
  • Anton Stanish, Regional Director Australia/NZ, HomeAway.com
  • Nigel Taylor, Country Manager NZ, Sabre Pacific
  • Nicole Wiener, Director of Sales Asia Pacific, Revinate
  • Ben Woodward, Social Media Strategist and Founder, #whywellington

Founded in 1999, TRAVELtech has an outstanding track record with an international reputation for strong programs, real information, entertaining speakers and excellent networking.

Register  for event updates.


Book and Save - AUD450 Early Bird

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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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...

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No Vacancy Bali 2015

NO VACANCY BALI

November 2015

No Vacancy Bali will return to the Island of the Gods in November, 2015.

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