The aviation equation is simple – lower fares equals more passengers (although long-haul to troubled Europe is the exception), and that was the case for airlines during July, according to the latest data from the International Air Transport Association. More
Intrepid Travel is investing $1m in its Urban Adventures community tourism brand to turbo-charge the day-tours initiative, which this year will host 130,000 customers on 600 different tours.
Australian hoteliers have blown up over the "secret" agreement between the Australian Competition and Consumer Commission and the online travel agent duopoly of Booking.com and Expedia, which allows the global retail duopoly to prevent hoteliers offering cheaper prices than them online. More
Forget mother nature – cost effective snow production, that's what it's all about. Certainly it's a major reason the Thredbo alpine resort recorded a strong result last financial year, a pre-tax profit of $15m, up 12% over previous year. More
Backpackers are shunning Australia with visitor night numbers down -7% for the 2015-16 financial year and the industry is pointing the finger of blame squarely at the Federal Government and its maybe-we-will, maybe-we-won't working holiday tax. More
It's baking hot and dirt-dry as we emerge from our silver tube down the stairs into the bright blinking midday light at Tambolaka Airport.
The sprawling tarmac is empty apart from our aircraft and a couple of men, their faces vaguely Papuan, in bright safety gear. More
Expedia has joined Booking.com in easing its rate parity restrictions on Australian hoteliers from September 1, allowing them to offer better deals on every channel except the one that matters most – their own branded website. More
Queenstown is the star performer of a resurgent New Zealand hotel market that is, ironically, reaping the benefits from years of under-investment, a trend that shows no sign of changing with barely any new stock coming on in the major markets over the next few years. More
After the astonishing Qantas result earlier this week the good times continued to roll in travel with Air New Zealand, Corporate Travel Management and Event Hospitality and Entertainment all reporting record profits over the past couple of days. CTM net profit rose 60% to $42.1m, Air New Zealand made NZ$663m net while Event Hospitality and Entertainment's net profit was $130.2m, up 19.6%.
Revenue up, costs up, profit down, uncertain times ahead. That was the message today from Flight Centre's MD Graham Turner after revealing that pre-tax profit for the 15/16 financial year fell 5.8% to $345 million. The result had been flagged, was expected, but it still hurt. See result announcement.
Booking.com has made major concessions to its controversial rate parity policy in Australia following negotiations with the Australian Competition and Consumer Commission but will still not allow hoteliers to offer cheaper rates on their own websites.
In an email this week, Booking.com CEO Gillian Tans advised Australian hoteliers that from September 1 the world's largest online travel agent (OTA) will allow hoteliers and accommodation operators to offer better deals they like through most other channels without retribution. More
Australian tourism is on a roll despite uncertain economic conditions with both inbound and domestic travel growing at the fastest rates in two decades. More
Five years ago Qantas CEO Alan Joyce was the most hated man in Australian aviation, playing extreme hard-ball with unions in a bitter round of wage negotiations culminating with him sensationally grounding the Qantas fleet for two days in late October, 2011. More
Traveller networking app Travello, based in Brisbane, today announced it has raised $1.26 million from Australian and Angel investors. Co-founder Ryan Hanly says Travello connects users to like-minded people before they set off on their adventures. Travello participated in last year's Pitch It To Me comp at TRAVELtech, which returns to Sydney on September 27.
Sharply improved performance from its Queensland resort properties helped the Mantra Group deliver a solid net result for the 15/16 financial year of $37.1m. Resort revenue was up 34% while pre-tax profits for the division grew 48%. More
Webjet shares have rocketed to late 90s dot com boom levels – trading on a price earnings multiple of 40x – after posting strong results this morning and announcing it will add another 3000 European hotels to its inventory in a deal with Thomas Cook. More
What's Bali without a Bintang, the holiday island's favourite beer?
Tourism operators are hoping they don't find out – pushing back against a move by conservative Muslim politicians to ban the production, distribution and consumption of alcohol in Indonesia. More
The first Sabre Red app developed in Australia has just been launched. The ‘Rail Plus Red App’ makes it easier for local travel agents to book and process rich international rail content from Rail Plus, Australasia’s leading international rail specialist. More
Scoot today announced it will operate the longest scheduled service by a low cost carrier when it starts flying between Singapore and Athens in June 2017 using a specially-configured 787 Dreamliner. Fares start at $369 ex-Perth.
"At a big corporate these days everyone's been psych tested so you get a sameness in the personalities." As someone who once worked at a large bank, where everyone seemed to be an ex-school prefect, I loved this quote from Peter McConnell, who has left a 700k job at retailer Woolworths to work at a startup, Commtract. The same could be said of many global online travel companies. See AFR story.
Entrepreneur and former pro skier David Freuden has launched a new site enabling skiers and boarders to search for their ideal resort based based on terrain, vertical drop and accommodation.
Featuring 2400 resorts in 56 countries, Freuden says he decided to develop Snowcomparison.com after a trip to Europe last year.
“I was in Prague and wanted to ski some of the intrepid Eastern More
Expedia says sales of Australian package holidays through its sites for the first half of 2016 have increased 50% increase over last year. The strongest demand came from Hong Kong +180%, Japan +100%, Singapore +95% and Malaysia +80%.
TechCrunch is reporting that Airbnb is raising another US$850m in funding just 14 months after tapping investors for $US1.5bn, which valuing the young company at $US27bn. It also has a $US1bn credit facility. What a war chest. See story.
The Booking.com juggernaut keeps powering on with the online travel agent clocking up one million bookings in a single day while also breaching the one million mark for accommodation listings, contributing to a gross profit of $US2.4bn for parent company Priceline Group in the second quarter – up 16% over last year. More
TripAdvisor may be the world's most popular travel website at 350m unique visitors a month – but the actual business is going through a rough patch with net income for the first six months of 2016 almost half what it was in 2015: US$62m compared with US$121m. More
Evidence is amassing that repeated terrorism attacks may have have long lasting impact on global travel as airline demand begins to ease after months of global turmoil, the International Air Transport Association (IATA) has warned. More