Samsonite International and Tumi Holdings has announced that they have entered into a definitive agreement whereby Samsonite will acquire Tumi for US$26.75 per share in an all cash transaction, valuing Tumi at an equity value of US$1.8 billion. “This is a transformational acquisition for Samsonite. “It will meaningfully expand our presence in the highly attractive premium segment of the global business bags, travel luggage and accessories market,” said Ramesh Tainwala, chief executive, Samsonite.
With UK residents making 60.1 million visits abroad last year, research revealed today by the newly-formed DCC Forum finds that 40 per cent of UK consumers never or rarely check the exchange rates and fees they will be charged for using their credit or debit card abroad. This is despite the fact that nearly three quarters check for the best exchange rates from currency providers when purchasing foreign money.
Antler has launched its latest collection: Aire. The range has a sleek, streamlined tonal design, with a rounded structure using extremely lightweight metal.
Marriott Hotels has revealed the addition of mobile checkout to its industry leading Marriott Mobile app for smartphones. Mobile checkout is the latest innovation from Marriott Hotels in a string of new services designed for today’s connected travellers.
The German National Tourist Board is predicting that more people from the UK will be visiting Germany than ever before in the coming months: in 2012 the figure of overnight stays to Germany overall, rose to 4.5 million. The highest recorded figure occurred during 2006 world cup, when visitor numbers from the UK reached 4,531,178.
Vietnam, Mexico and Cuba have been highlighted as three of the fastest-growing long-haul holiday destinations for British travellers, according to a new report out today from worldwide travel company Kuoni. The Travel Edit 2014 by Kuoni looks at the changing habits of British travellers based on sales data over the last three years across a number of holiday categories including wallet-friendly destinations, overall bestsellers, honeymoons and sightseeing experiences.
Hotels in Dubai reported the highest profit levels in the region in 2013 for the fourth consecutive year, according to the latest HotStats survey of full service four and five star hotels in five MENA markets by TRI Hospitality Consulting Middle East.
Ancillary fees are big business for airlines. A recent industry report suggests that North American carriers collected $17.2 billion in ancillary revenue during 2013. But what are these fees really costing airlines in terms of customer satisfaction?
Following a poor first quarter, all segments have caught up over the year to end mostly flat compared to 2012, with only the luxury segment showing any real growth at 4% (all in rate, not occupancy). In fact there has been no occupancy (demand) growth at all across all segments this year compared to last.
Britons spontaneous travel and leisure appetite boosts the UK economy by an extra £26.1bn annually, a new report by lastminute.com reveals today. In fact, it’s never been easier than today to be spontaneous with an explosion of choice, a rapid evolution of technology and smartphones making deals constantly accessible.