Here's a nice story on Carhood, clear winners of the Pitch It To Me competition at TRAVELtech 2015. It shows what a rollercoaster the startup business life is and the toll it can take on personal and business relationships. See story.
Starwood confirmed yesterday that it has won the management rights to a new 297-room Sydney property branded Four Points by Sheraton Sydney, Central Park. More
You can throw the "location, location, location" maxim away when it comes to Australia's Gen Y travellers.
They are far more concerned with earning loyalty points – even if it means they have to stay in a crappy part of town a long way from the office. More
The lucrative Quest Apartment Hotels reservations and distribution contract has been won by SiteMinder after a fiercely-contested competitive tender. More
Chinese company Nanshan Group has bought 19.98% of Virgin Australia from shareholder Air New Zealand. The acquisition comes just 10 days after another Chinese conglomerate, HNA Group, invested $159m into Virgin Australia for a 13% stake. More
Travelport has been advised by Flight Centre that its GDS contract for Australia and New Zealand will not be renewed when it expires on June 30, 2017, according to informed sources. More
Expedia has begun withholding all pre-arrival customer contact data from hoteliers with the launch of its Partner Central Conversations messaging tool, through which hoteliers must communicate with guests who have booked rooms on the OTA. More
The management of struggling Australian Online Travel Agent Stay247.com has launched a crowd funding appeal to help them stay in business. Desperate times call for desperate measures.
For the second time in two weeks, Starwood has revealed it's lost a major Australian hotel management contract with Hyatt set to take over management of the 892 room Four Points By Sheraton Darling Harbour in Sydney. More
Leading industry media, meetings and research company Northstar Travel Group has changed hands for an undisclosed amount. Its new new owner is Wasserstein Partners IV, a mid-market buyout fund. More
Leading analyst Dransfield Hotels and Resorts has slashed its national Australian hotel forecasts for financial year 2016 due to worse than expected revenue performance across the struggling Brisbane, Darwin and Perth markets, which have been hit by increased supply and falling demand from the resource sector. More
Webjet has bought OTA Online Republic for A$79m.
Though it's HQ is in Auckland, Online Republic does more 90% of its NZ$200m annual sales in Oz.
It has three main divisions: Cruise Republic, Car Rental Republic and Motorhome Republic.
Management will stay on post-Webjet with 22% of the purchase price taken in shares.
See background story.
The spectacular fleet growth of Low Cost Carriers in Southeast Asia – clocked at 50% since the beginning of 2013 – will slow to a relative 10% crawl this year, the Centre for Asia Pacific Aviation predicts. CAPA says there are now 21 LCCs in Southeast Asia operating 600 aircraft and that growth will be fastest in the less penetrated medium haul segment. See story.
Is the Australian outbound travel industry at a tipping point? Mounting evidence suggests this could be the case. While many operators are still talking it up, others are clearly struggling to shift product. More
London is the world's most connected city with direct flights to 351 international destinations, according to a new study from Rome2Rio and KPMG. Paris is second followed by Frankfurt and Amersdam. Dubai, the world's busiest airport based on international passenger numbers, is 8th.
Mantra Group has made its first move into the US, buying the gargantuan 1000+ room Ala Moana Hotel in Honolulu for US$52.5m. Mantra sees great potential to grow occupancy (now averaging 75%) and room rate. It's by far Mantra's biggest property.
Hats off to Intrepid Travel, the latest travel company to board the 'digital detox' bandwagon, a concept it's now marketing the hell out of …. through digital and social media. More
Technology and the need to develop proper network capabilities beyond their limited point-to-point operations has brought together eight low cost Asia Pacific airlines to form the Value Alliance. More
Travel and media. You wouldn't think these industries have a lot in common – until you consider who is doing best; ie making the most money. More
The world's largest cruise ship, Harmony of the Seas – which cost US$1 billion to build over 32 months – has been finished and was delivered yesterday to owner Royal Caribbean International. More
Expedia says bookings from international travellers through its Australianwebsites increased 40% year on year in the in the 12 months ending March 2016. More
Outbound App, a fast-growing social network for travellers, has decided to re-brand and will over the next few days transition to a new name … Travello. More