Read ‘em and weep. According to the financial press, Travelport, which owns the Galileo and Worldspan GDS, 48% of online retailer Orbitz plus wholesaler GTA, is carrying debt well in excess of its actual market value, which will be tested in an upcoming float on the on the London Stock Exchange. Majority-owner Blackstone Group will attempt to sell most of Travelport for GPB1.2 billion in a raising that, if successful, will value the company at GBP1.8 billion. Dow Jones reports that Travelport has debts of around GPB2.2 billion. Its businesses have been struggling for some time with overall revenue down 10% for the September quarter. Blackstone and its co-investors paid US$4.3 billion for Travelport in 2006, spinning out part of Orbirtz, a major US Online Travel Agency, in an unsuccessful float on the New York Stock Exchange in 2007. Orbitz shares, valued at US$15 in the IPO, are now worth just under US$7. Let’s hope Travelport investors have more luck.
- Sydney, November, 2020 -
Work is under way on Short Term Thinking, the first Australian event focused on short stay accommodation.
It will be an action-packed day where all sectors of the industry can meet, learn and network, setting up their year ahead with new relationships, contacts and prospects.
Space has been blocked for mid-November in Sydney.
While a lot can change between then and now, we're confident we'll be able to run a flesh and blood event with live streaming for those who can't make it.
Because final capacity is understandably uncertain at this point, please register your interest to be put on a non-obligatory wait list and also receive the latest updates.
At the moment we're looking for foundation partners - please call event producer Martin Kelly on 0414 774 978 to find out more.
- IDEAS, ACTIONS, CONTENT -
Travel IQ is a content, marketing, research and strategy consultancy for travel businesses.
It helps travel companies improve positioning, communications, stakeholder engagement and public relations through content-led strategic initiatives.
Typically, Travel IQ develops a multi-tier approach including stories/blog posts, newsletters, media releases, white papers, reports and events - all designed to better connect business with their customers.
Often, clients have neglected their marketing communications, so Travel IQ works with them to create credible positioning and messaging to ensure a solid, relevant platform before embarking on outreach.
Travel IQ is run by Martin Kelly, who has a strong background in travel, journalism, communications and marketing.
He is also a respected travel industry analyst, contributing to Phocuswright's regional research reports while representing them as a speaker at events in Australia and overseas.
For further information please email email@example.com
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