Mirvac, NRMA Sell Travelodge Asian Brand Rights for $3m

Rights to the Travelodge hotel brand in 22 markets throughout Asia-Pacific, excluding Australia and New Zealand, have been acquired by ICP, a Singaporean company that makes and markets semi-conductors.

ICP paid AUD3 million for the brand to an Australian-based joint venture between Mirvac and NRMA, who have clearly ditched plans to grow the brand themselves. More 

Get Adobe Flash player

Lifeline for ABS Tourism Accommodation Data

Extra funding has been found to support the Survey of Tourism Accommodation – which monitors the performance of 8000 Australian properties –  for the next year but its long-term future remains in doubt. Minister for Trade and Tourism, Andrew Robb, said Austrade would fund the research for 2014-15. More 

Ad - Sabre Travel Trends 468 x 60 April 18 2014
Ad - Sabre Travel Trends 468 x 60 April 18 2014

Shanghai Leads AP Hotel Construction Stats

Shanghai skyline to change again
Shanghai skyline to change again

There are more hotel rooms being built in Shanghai than any other Asia Pacific city – 9028 across 37 properties. "Five other markets also reported more than 5000 rooms under construction," STR Global said.

They are: "Manila (6456 rooms, 21 hotels), Jakarta (6152, 26 hotels), Chengdu, China (5869 rooms, 22 hotels), Bali 5798 rooms, 42 hotel) and Delhi (5297 rooms, 28 hotels)."

Virgin Australia and Jetstar accused of misleading and deceptive conduct by govt pricing and competition body

Airlines Virgin and Jetstar are being taken to court by the Australian Competition and Consumer Commission for 'drip pricing' – increasing the price of a headline fare by mostly unavoidable increments, such as credit card or PayPal booking fees.

"This can result in consumers paying a higher price than the advertised price, or spending more than they realise," the ACCC said. More 

HotelQuickly Tweaks Last Minute Model in New App

HotelQuickly has doubled its last minute booking window from one to two days. Previously travellers could only book rooms through the 'last minute app' on the day of travel. The new version of the app will be available today on iOS, Android, and BlackBerry 10. Founder Christian Mischler said the decision to extend was based on user feedback. More 

Mantra Group Float Successful – ASX Listing on Friday

Shares in the Mantra Group will begin trading on the Australian Stock Exchange this week. The Mantra offer closed yesterday and a release issued this morning inviting media to see CEO Bob East ring the bell at the ASX on Friday. Mantra has sold 53% – almost 133 million shares at $1.80 – to institutional investors.

Helloworld Investor Apathy

Hold the presses – a couple of people bought and sold Helloworld stock this morning: 2500 shares traded for 30 cents. This was the first trade in Helloworld since June 6 (10 days ago) when 2000 shares changed hands for 31.5 cents. Helloworld is Australia's #2 retail travel agency group with 675 stores. But right now it seems no-one cares… More 

Oops – Emirates Changes Mind, Cancels $16bn Airbus Order

Airbus-A350Middle East airline, Emirates, has just cancelled an order for 70 A350 Airbus aircraft worth an estimated USD16 billion. Imagine how it went down. Sorry, we've changed our minds, hope you don't mind. Airbus shares fell, as did those of Rolls Royce, which was supplying the engines. Head of sales at Airbus, John Leahy, reckons he has time to find replacement customers for the aircraft, due in 2019.

Upcoming Events

No Vacancy Bali - August 29, 2014

GROWING PAINS -
NO VACANCY BALI

Where: W Retreat and Spa Bali
When: Friday, August 29, 2014
Bookings: AUD399 early bird

No Vacancy is a fast-moving, issues-based one-day accommodation conference that's coming to Bali for the first time at the end of August.

It features excellent speakers (see below) and a focussed program that lifts the lid on Asia's hottest accommodation market. 

Book now to get the early bird rate.

Confirmed speakers:

Subscribe for updates

Event Partners

 

 

 

Click for Early Bird Bookings

TRAVELtech Conference 2014

INNOVATION (& INSPIRATION)

Where: Sheraton on the Park, Sydney
When: Friday, October 24, 2014
Bookings: AUD449 + gst

Tickets are now on sale for TRAVELtech 2014.

The central theme this year is innovation - "finding a better way of doing something"...

Work is well under way on the program and lots of great local and international speakers have already been confirmed.

TRAVELtech will officially be launched the week beginning August 11.

Until then we'll be selling tickets at the special pre-program rate of $449 + gst.

- Book now and save

It's a small risk to take given TRAVELtech's outstanding track record since it was founded back in 1999.

We'd also love to hear your thoughts, should you have any.

So please get in touch if you'd like to contribute an idea, speak or sponsor.

Gold Sponsors:

Event Partners:

Book $449 + gst Pre-Program Rate

No Vacancy Australia 2015

No Vacancy Australia returns to Sydney on March 26, 2015

Get set for No Vacancy Australia 2015.

The date has just been set and the venue confirmed.

More news in the coming months.

Any thoughts or ideas, please contact Martin Kelly.

Still reading?

Then check out this lively sizzle reel from 2014 to get a feel for the event.