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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 

Ad - Sabre Travel Trends 468 x 60 April 18 2014

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.

Ad - Sabre Travel Trends 468 x 60 April 18 2014

ABS Hotel Stats Abolition Hurts Investment, says industry

Australia's hotel industry has slammed news that the Australian Bureau of Statistics is scrapping the Survey of Tourist Accommodation – which tracks the performance of accommodation providers – following funding cuts of $50 million over the next three years.

“If we are to continue attracting foreign investment into hotel and tourism infrastructure development in Australia, we require the most up to date and thorough statistics,” said Rodger Powell, Managing Director, Tourism Accommodation Australia. More 

Travelport to List, Pay Down Debt

Travel distribution company Travelport has filed its intention to list with US authorities. Seeking Alpha says Travelport is looking to raise USD500 million. "The company hasn't been profitable since 2011, and proceeds will be used to repay some of the firm's $3.5B debt load." It's the second attempt to take Travelport public with a 2010 listing bid failing to generate sufficient interest.

Serko Float to Make Founders Multi-Millionaires

Bob Shaw and Darrin Grafton
Bob Shaw and Darrin Grafton

The IPO of travel technology company Serko, which has been losing money for at least the past three years and is not expected to turn a profit for the next two, will make founders Darrin Grafton and Bob Shaw rich men. Each will hold shares worth at least NZD13.5 million if the float on the NZ stock exchange is successful (Update 10/6: money raised ahead of schedule). They will also retain control of the company with a 40% combined share.  More 

All The News That's Fit To Print: Latest on Mantra, Hilton, NDC, Amadeus, Qantas and Air New Zealand

Wow, busy few days for news. Here are the highlights: Mantra Group confirms it's listing on the Australian Stock Exchange; Hilton Worldwide has launched a new brand, Curio; several airlines have agreed to trial IATA's controversial New Distribution Capability (NDC), Amadeus Ticket Changer has arrived in Asia Pacific; Qantas now has 10 million frequent flyer members and Air New Zealand has ordered 14 new aircraft. More 

Star Ratings Revamp Includes $1 million Promo Spend

Logo - Star Ratings AustraliaStar Ratings Australia has revealed a new strategic direction including a $1 million budget to promote the credibility of its accommodation rating product, now a subsidiary of Australian Auto Clubs.

General Manager Damien Hanger said Star Ratings Australia will also for the first time incorporate consumer rating and reviews into its "official" assessments of Australian accommodation. More 

Mantra Floating Again After First Attempt Hit Rocks

The float of Mantra Hotels is back on after a previous bid to list on the Australian Stock Exchange was pulled in March. However, subsequent trade interest from the likes of rival Toga Hotels has encouraged Mantra's owners, UBS and CVC, to try again, according to a report in The Australian. The company is looking to raise AUD449 million. It manages 111 properties in Australia, New Zealand and Indonesia.

Banyan Tree To Launch New Design Brand

logo - banyan treeBanyan Tree Hotels and Resorts will be revealing a third new brand next week. "It will be very design-orientated, but it is going to be quite different, otherwise why roll out a new project," KP Ho, Banyan Tree's executive chairman, told The Australian. Five properties now under construction in Phuket, Bintan Island, Gold Coast Australia, Sri Lanka and China will carry the new badge. Currently Banyan Tree also operates Angsana Hotels and Resorts.

Accor Spends Up Big, Buys 97 Euopean Hotels

Accor, which I could have sworn was going asset-lite not so long ago, has just bought 97 hotels (12,838 rooms) for about €900 million through its subsidiary HotelInvest. The hotels comprise two portfolios with properties in Germany (67 hotels), the Netherlands (19) and Switzerland (11). Accor has adopted the try before you buy approach, operating all of the newly-acquired hotels in each portfolio for the past six or seven years.

Upcoming Events

No Vacancy Bali - August 29, 2014

GROWING PAINS -
NO VACANCY BALI

Where: W Resorts 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 and a focussed program that lifts the lid on Asia's hottest accommodation market. 

Eighteen speakers are confirmed far - more on the way. Book now to get the early bird rate.

Confirmed speakers:

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TRAVELtech Conference 2014

INNOVATION (& INSPIRATION)

Sydney, October 24, 2014

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 program and lots of great local and international speakers have already been confirmed.

The event, which is running in Sydney on Oct 24, will be officially launched in early August.

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, on this year's event.

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

Gold Sponsors:

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Book Now For $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.