A study released today claims that for "every incremental $1m spent on international tourism marketing, up to $16m in spend is generated by foreign tourists and 89 additional jobs created". More
In a finding that's sure to provoke intense debate, analysis of thousands of hotel reviews reveals this relatively modest pool at the Plantation Hotel Phnom Penh to be the region's best with a score of 95. More
Tragedy-torn Malaysia Airlines today reiterated that major shareholder, the Malaysian Government, is committed to ensuring its long-term future as the national carrier. More
P&O is attempting to sail upmarket with the new tagline: Like No Place On Earth. "It’s sophisticated, a little sassy and conjures feelings of escape, freedom and space with an element of luxury,”Senior Vice President Tammy Marshall declared. More
Tenaiya Brookfield, Director of E-Commerce, Archipelago International, and Craig Seaward, General Manager of the W Retreat and Spa Bali, are the latest speakers to confirm for the No Vacancy Bali conference. It's going to be a fantastic day Aug 29. There's now 18 speakers confirmed and with another two or three to come. See latest details.
Winter, when all the tourists are gone, can be the best time of year in Sydney. Cold but clear with strong south winds and big waves like this off Wedding Cake Island near Coogee. Look closely and you'll see a surfboard (10' 2") being pushed over the outside wave. Pic taken on Saturday by Bill Morris.
It's a very sad day with 298 people dead after flight MH17 was shot down over the Ukraine en-route from Amsterdam to Kuala Lumpur. The attack has so many implications, political, personal and commercial. See latest stories.
China is all about the numbers – 1.36 billion people, 97 million of whom travelled internationally last year. Easy to see why China is the world's most important tourism market, especially for tourism offices looking to boost visit numbers. More
Australian OTA Webjet has come out of left-field with its €21m purchase of the SunHotels Group in Europe, which has an annual turnover of €90m and recorded pre-tax earnings of €2.6m in 2013. More
HotelQuickly has raised a further A$4.8m from investors including the semi-legendary William E. Heinecke, one of Southeast Asia's most famous entrepreneurs.
The Series A-1 funding will be used to accelerate growth for the last-minute hotel booking app, which now has 3000 hotels on its books. More
Three years ago online accommodation online market leader Wotif dismissed the likes of Expedia as “foreign interlopers” with more money than sense.
They were no serious threat to its domination of the Australian online accommodation market – or so the Wotif board felt. More
An online travel advertising free-for-all is looming in Australia and New Zealand with Google declaring it will no longer protect trademark for suppliers on AdWords, opening the door for online travel agents to bid on hotels, airlines and tour operator brand names – a move that will force up advertising costs and turn partners into competitors or "frenemies". More
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).
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
Travel search engine Rome2Rio has just received another AUD1.2m in funding from the Commercialisation Australia (CA) program, which a couple of years ago gave the Melbourne company $385,000 to help commercialise its technology. More
Mr Bonomi's price – which was revealed yesterday, just hours before the bid deadline expired – trumps by 2o% a long-standing offer of €17.50 a share from More
Freedom or folly? The Travel Compensation Fund was wound up yesterday. It means Australian travel agents are no longer obligated to have a licence or take out consumer protection insurance. Previously all agents had to pay a TCF levy and have their accounts audited. If an agency went under owing money, consumers were compensated. More
Passenger numbers for May were steady at the Qantas Group despite significant falls in consumer demand at Qantas Domestic (-8.1%) and Jetstar International (-4.4%). These weaker year-on-year figures were counter-balanced by positive results for Jetstar Domestic (+9.4%) and QantasLink (+10.2%).