Travel Industry News
Ryanair sees profits fall by a third as falling prices bite
Ryanair has seen profits fall by 29 per cent, to €1.02 billion, for the year to March 31st as the price of seats fell and the cost of fuel rose. The low-cost carrier said worse could be to come this summer as over capacity in Europe pushes carriers to cut prices further.
Which? reveals millions of hours UK rail passengers lose to delays
UK rail passengers lost almost four million hours to significantly delayed train journeys in 2018 – making it the worst year since records have been held, according to Which? research. The staggering level of delays – 3,928,560 hours in total – relates to 8.1 million passenger journeys and meant around 80 trains per day were significantly delayed.
Singapore takes long-term bet on hospitality with Indian Hotels Company
The Indian Hotels Company has announced a three-year strategic partnership with the sovereign wealth fund of Singapore, GIC. With funds of up to US$600 million, the new platform will be used to acquire fully operational hotels in the luxury, upper upscale and upscale segments in India.
US guests lead growth in Antigua & Barbuda visitor numbers
Antigua & Barbuda attracted a record number of visitors in April, with 27,301 guests arriving into the country according to the latest statistics from the ministry of tourism.
Etihad Airways offers free stopover in United Arab Emirates
Etihad Airways is extending its free Abu Dhabi stopover campaign to the end of the year due to the popularity of the special offer in its opening month. Travellers flying through the capital of the UAE with the airline are invited to enjoy a free two-night hotel stay to break up their journey and explore the city’s vibrant and diverse attractions.
Palm Jumeirah takes Dubai property record with latest deal
A five-bedroom apartment located in One Palm has taken the top spot for 2019 in the Dubai property market. The off-plan property on the iconic Palm Jumeirah sold for US$20 million earlier, becoming the most expensive deal of the year so far.
Air Canada to acquire Air Transat in $520m deal
The flag-carrier hopes the proposed transaction, valued at approximately $13 per share, will create a Montreal-based global travel services company in leisure, tourism and travel distribution.
UKinbound welcomes government landing cards decision
Authorities had originally planned to scrap the cards for visitors from seven countries, but this has now been changed to include passengers arriving from all over the world.
easyJet reports increase in losses but remains bullish on future
easyJet has reported a loss before tax of £272 million for the first half of financial 2019, compared to a loss of £68 million for the same period last year. The low-cost carrier said the fall into the red reflected the negative impact of Brexit on the value of the pound and the closure of Gatwick airport following a drone incident.
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Hainan seeks to woo golf travellers with new organisation
The Hainan International Golf Alliance has been established in Haikou to bring together government and golf tourism stakeholders from across Hainan province. The body will seek to promote the tropical Chinese island as a golf tourism destination.
Celebrity Flora heads for Galapagos following delivery ceremony
The first ship designed specifically for the beautiful Galapagos Islands – Celebrity Cruises’ Celebrity Flora – is preparing to embark on her transatlantic journey to her new home following a delivery ceremony.
Europcar Mobility Group reports steady revenues for early 2019
Europcar Mobility Group generated revenues of €553 million in the first quarter of financial 2019, a slight decline of 0.6 per cent when compared to last year. The car rental company said the fall was driven by an earlier Easter, which fell in April this year.