Perisher, Australia’s biggest ski resort, is replacing the Leichhardt T-Bar and Home Rope Tow with a new quad chairlift and also upgrading snow-making. Peter Brulisauer, chief operating officer of Perisher, said the development will boost lifting capacity by 75% in the area. Mountain manager Andrew Kennedy said the new lift will access “some of the best tree skiing in the resort off Powder Ridge.” The work will cost $4.2m and be completed in time for the 2018 ski season.
Experience Co yesterday announced its eight and ninth acquisitions since 2015, buying north Queensland tourism operators Big Cat Green Island Reef Cruises (Cairns) and Tropical Journeys (Port Douglas) for $56m in cash and shares. Anthony Boucaut, Experience Co’s MD and founder, said this was further evidence of the company’s desire to become “the largest and most respected adventure tourism company in the world.”
The Lux Group, which owns online travel business Luxury Escapes, has bought Scoopon Travel and BonVoyage as part of a complicated, multi-faceted transaction with the Catch Group that will create a pure-play online travel business with $300m turnover and enormous buying power while clearing the way for further growth. More …
A business that started as a PDF list of things to do in Bali shared among friends has raised $5 million to fund further expansion.
Now The Bali Bible – a website which attracts 2m visits a month – is the cornerstone of Travlr, providing a profitable template that will be replicated in numerous other destinations via an aggressive rollout strategy starting with Seychelles, Indonesia, Cook Islands and New Zealand. More …
In April, the shares of corporate travel management and booking platform Serko – which listed at $1.10* on the New Zealand Stock Exchange in 2014 – hit an all-time low of 25 cents. Now those same shares are worth $1.80 – an increase of more than 700%.
So what’s changed? The short answer is that Serko has stopped bleeding cash and is finally profitable. Revenue is also up, though still modest at an annualised rate of $17.8m, growth remains strong at 30%, while operating costs have been cut. More …
As all actors know, it’s one thing working with a script but having to ad lib when things go wrong is the true test of any performer – or PR flack. So that was the test for Airbnb mouthpiece Brent Thomas when ABC talk host Jon Faine went off script in an interview on his top-rating Victorian show last Friday. It was ostensibly about potential legislative changes on the Mornington Peninsula to curtail Airbnb party houses but Faine was more interested in the amount of tax the multi-national pays. Thomas found that adopting the party line and avoiding the question can have unintended consequence. Well worth a listen: Faine v Airbnb.
Candour at last! In a remarkably transparent appraisal of its business model and operating environment, hotel meta-search engine Trivago has revealed 79% of its mostly click-based revenue comes from just two customers, online travel agents owned by either Priceline Group (45% share) or Expedia (34%).
Now Trivago, and TripAdvisor (see story), are paying the price for putting all their eggs in a single basket with Priceline and Expedia cutting back on their their meta-search spend. This is having an immediate impact on the meta-search bottom line, forcing Trivago in particular to reassess its business model. More …
Intrepid Group CEO James Thornton has declared the company is aiming to triple its revenue to $1 billion by 2025, becoming the world’s first adventure travel business to breach that lofty benchmark.
Thornton, pictured, said Intrepid Group revenue has grown 20% per annum in the two years since it returned to private ownership and recently confirmed annual revenue in excess of $300 million, meaning that to reach the $1 billion goal, Intrepid will have to double present growth rates to more than 40% a year. More …
Airbus has landed one of the biggest aircraft orders in history – 430 jets from from a group of low cost carriers, all connected to private equity group Indigo Partners. The airlines combined to get a better deal on the A320neo aircraft. Normally the jets would be worth almost US$50 billion but the group buy could cut 50% from the listed price. Meanwhile Boeing announced that Flydubai has agreed to buy up to 225 of its 737 Max aircraft, potentially worth US$27 billion.
How the mighty have fallen. TripAdvisor is now in deep trouble with its transition to a hotel search and booking site going backwards.
Of major concern is that the steps taken by TripAdvisor’s leadership to turn its hotel business around – “a fresh new look”, “streamlined hotel shopping experience” and increased brand advertising – have actually accelerated the decline. More …
A government in disarray has proved to be good business for Canberra hotels as lobbyists and politicians flock to the nation’s capital for reasons that still remain unclear. Consequently, Canberra has emerged as Australia’s most improved accommodation market with revenue per available room room increasing by almost 12% in the year to September 30, according to Savills Hotels. More …
Growth. That’s the remit for Markland Blaiklock, appointed Deputy CEO of Thai accommodation group, Centara Hotels & Resorts. It’s a newly created role for Centara, which wants to double revenue and properties over the next five years. More …
GetYourGuide has raised $US75 million just days after Asian tours & activities rival Klook picked up $US60 million in a frenzy of fund-raising for the sector, which is clearly the hottest in travel from an investor perspective right now.
“We are experiencing explosive growth this year and have stepped up to become the largest online booking platform for travel activities,” claimed Johannes Reck, CEO of GetYourGuide.
Reck says GetYourGuide, based in Berlin and strongest in Europe, recently breached the 10 million bookings mark, with almost 5 million bookings in 2017 alone. More …
Quest Apartment Hotels is expanding to the United Kingdom, redeveloping an office building in Liverpool, north-west England and is in advanced negotiations for two more sites. Founder and Chairman Paul Constantinou said Liverpool is the beginning of an “aggressive” brand expansion in the UK for Quest. More …
Bookings are now open for Travel Massive’s annual Christmas Party on spectacular Sydney Harbour. It’s happening aboard a 65 foot ‘party boat’ on Thursday, November 30. The event’s sold out for the past couple of years, so get in quick. Details and bookings.
Airbnb is doing a Donald Trump Down Under – insulting, alienating and potentially making enemies of the people it should be working closely with simply because it can’t get what it wants.
The highlight so far has been the attack on NSW Premier Gladys Berejiklian by Brent Thomas, the Head of Public Policy at Airbnb in Australia, who should be smoothing the way in the halls of power. More …
The phenomenal growth of Asian tours and activities booking platform Klook has hit warp speed with the Hong Kong company raising a further US$60 million to fund global expansion and product innovation.
Currently generating more than one million bookings a month, the vast majority through its mobile app, Klook has raised almost US$100 million – including US$30 million from Sequoia Capital China just eight months ago – since it was founded in 2014 by Ethan Lin and Eric Gnock Fah. More …
Hotel tech company Zuzu Hospitality Solutions has raised US$2 million in seed funding. The money will be primarily invested in its technology platform with a focus on improving revenue and account management functions.
It follows an earlier Angel raising of US$1 million. Zuzu targets independent economy hotels and has 150 clients so far. “Our model is working, now it’s time to grow,” Vikram Malhi, who co-founded Zuzu with Dan Lynn. More …
Big news in the small but growing world of indigenous Singapore travel tech – BeMyGuest Labs, flush with recently raised funds, has poached Graham Hills from Wego, making him an offer he couldn’t refuse to become its new Chief Commercial Officer (also his title at Wego).
BeMyGuest further strengthened its team by making respected Japanese entrepreneur Kei Shibata a board member. Hills, an Australian, joined Wego in 2011 and is best known for building the Indonesian business. He was also Chief Product Officer for a time. More …
South Korea’s tourism industry is in deep trouble with the nuclear threat of North Korea hitting visitor numbers hard, especially from the key Chinese market.
Meanwhile, a hotel building boom has resulted in an incredible 369,000 hotels rooms coming online over the past two years. “Demand is not nearly keeping pace partly due to geopolitical tension in the region,” says industry data company STR. More …
Qantas yesterday accepted delivery of the first of eight Boeing 787-9 Dreamliner aircraft, which can fly further for longer than any other commercial aircraft. Named Great Southern Land, features include larger windows, better air quality and ride dampening technology. It is quieter, more fuel efficient and less polluting than comparable aircraft. Qantas has confirmed two Dreamliner routes – Melbourne to Los Angles from December, and Perth to London next March, the first first non-stop service between Australia and Europe.
The surge in Chinese visitors to Australia accelerated during August with a 22.3% increase over the previous year, according to the latest Australian Bureau of Statistics figures. This follows 18% growth in July, 11% in June, 8.2% in May and 7.5% in April. Visits by Australians to China also grew strongly during the month by 15.2%. Italy (+16%) and Vietnam (+24.6%) were also popular with Australian travellers.
AccorHotels today announced it has agreed to buy Mantra Group for $1.3 billion. Mantra’s board unanimously accepted the Accor bid, priced at $3.96 a share, a 23% premium to the last closing price of $3.23. Mantra operates 127 hotels, resorts and apartments in Australia, New Zealand, Indonesia and Hawaii across three key brands: Peppers (28 properties), Mantra (75 properties) and BreakFree (24 properties). It has more than 5,500 employees. AccorHotels says it operates 200+ properties pre-acquisition.
Who’s Who in The ANZ Travel Zoo People, Companies, Research, Data.
Travel IQ is an industry-first initiative dedicated to providing definitive data on the ANZ travel industry’s leading companies and people.
It fills a yawning gap in the local travel industry – so much going on, so little meaningful information on the people and companies who make it tick.
Research is well advanced, and the first iteration is due for release by June 1.
Travel IQ will feature:
- Top 150 travel businesses in Australia and NZ, local focus
- Detailed profiles, expert industry analysis, exclusive insights
- Information on hundreds of ANZ industry leaders
- Major industry investors, deals and transactions listed
- Key sector overviews and analysis
- Financial information where possible
- Interviews with industry entrepreneurs and innovators
- Member access to 3000+ unique stories on TravelTrends.biz
Travel IQ is being researched and written by TravelTrends.biz publisher Martin Kelly.
It will cover the leading companies and people in retail, inbound, cruise, shipping, attractions, operators, aviation, tours & activities, media, technology, shipping, car rental and accommodation.
There’s an initial focus on locally-owned companies and industry dynamics.
Due to nature of travel, private companies dominate the research though every publicly-listed company (there are now more than 30) with exposure to travel will be covered.
Travel IQ will also feature key New Zealand companies and investors, while select international companies with substantial local infrastructure and holdings will come under the microscope.
The aim is for Travel IQ to be the indispensable, insiders guide to the local travel industry.
It will evolve over time and more details will be revealed in the coming weeks.
If you'd like to register your interest in the project, please sign up for updates.
Alternatively you can contact Martin Kelly on 61-414-774-978 if you believe your company should be included.
- It's All About The Information -
TravelTrends founder Martin Kelly has diversified and now also runs Bluewater Press, a communications and thought leadership consultancy with a particular expertise in travel. Services include:
- Strategic Communications
- Media Releases & Distribution
- Crisis Management
- Thought Leadership
- Industry Advocacy
- Positioning, Messaging
- Marketing Plans & Execution
- Engaging Content
Martin is a communications, public relations and media professional with extensive high-level experience across the travel, internet, property and banking industries, both in-house and as a consultant.
For further information please email email@example.com