Choice Hotels’ acquisition of Wyndham is deemed invalid | Abandon the attempt!

The attempted takeover of Wyndham Hotels & Resorts by Choice Hotels has come to an inglorious end, with the latter announcing that it is abandoning its “hostile takeover bid” for Wyndham, worth $8 billion, which was made public five months ago. Even before Choice publicly announced its intentions, Wyndham had already rejected four of its […]

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AEGEAN: Strong growth momentum and profitability in 2023 | 30 new destinations, €246.8 million EBIT

€1.69 billion Working Cycle boosted by 27% by 2022. €400.4m EBITDA, 46% higher than 2022. €246.8 million EBIT profit with 14.6% operating margin. €168.7 million Profit after tax, 58% higher than 2022. AEGEAN closed 2023 with strong growth and profitability momentum for AEGEAN, which recently announced its financial and operating results for the year 2023. […]

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TUI considers young people’s trust in travel agents a “trend”

Young Germans are booking their trips mainly online, but increasingly they also value the advice of travel agents, according to a surprising finding from a new TUI survey that also covered current demand trends. One in three (34%) in the 25-34 age group would like to book travel more often with travel agencies, including for […]

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TUI UK has 1,000 more hotels for sale for summer 2025 | Some in Greece

TUI UK has put an additional 1,000 hotels on sale for summer 2025 in popular tourist destinations, including Greece, in response to the growing demand for flexible stays. According to the company, there is an increase in bookings for holidays that do not involve the usual length of stay of seven, ten and fourteen nights. […]

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TUI adopts artificial intelligence | TUI will not replace jobs says company

The adoption of artificial intelligence (AI) technology will not replace jobs, TUI group chief executive Sebastian Ebel has pledged. The executive board of Europe’s largest travel group has approved a joint policy document on the use of artificial intelligence with its employee council. This came after nearly 7,000 employees attended two initial courses on the […]

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Lufthansa

New strike at Lufthansa | 1,000 flights and 120,000 passengers in the air

A new round of strike action at Lufthansa is expected to lead to the cancellation of a total of 1,000 flights today (Tuesday, 12 March) and tomorrow (Wednesday, 13 March) at Frankfurt and Munich airports, the German carrier has announced. Amid strike action over airline cabin crew wage negotiations, starting this morning, 600 flights are […]

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Launch of the international tender for the development of the property in Agia Triada, Municipality of Nea Thermaikos, in Thessaloniki

The Hellenic Republic Asset Development Fund, a member company of GROWTHFUND – The National Fund of Greece, announces the launch of the international tender for the development of the property (plot of land) with a total area of 161.456,84 square meters, located in Agia Triada, Municipality of Thermaikos in the Prefecture of Thessaloniki. A Spatial […]

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Amadeus acquires travel payments expert Voxel

-This acquisition will enhance the payments experience between a range of different players across the travel ecosystem -With this deal Amadeus continues to expand into areas that are complementary for its existing customers Amadeus announces the acquisition of Voxel, a leading provider of electronic invoice and B2B payment solutions for travel sellers, hotels, and other […]

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itb ITB Berlin

EXCLUSIVE: These are the numbers of tour operators for the Summer! | What Ebel, Heapy, Der Touristik, MTS, easyJet told M&T | What are the increases for 2025?

The prospects for the 2024 summer season are excellent, as almost all tour operators -with few exceptions- and especially the big ones, see a significant increase in bookings, with the Mediterranean and Greece attracting the interest of European tourists. In the context of this year’s ITB, ΜΟΝΕΥ & TOURISM spoke with leading tour operators, namely […]

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