Mergers, acquisitions and financing deals in the travel and tourism sector were down in the first quarter of 2024, compared to the same period last year, GlobalData revealed. Specifically, according to the leading data and analytics firm, in the travel and tourism sector, 165 deals* were announced globally in the first quarter of the year, […]
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EU antitrust regulators warned that Lufthansa’s intention to buy a minority stake in ITA Airways could harm competition and raise prices, intensifying pressure on the German airline to present remedies in the coming weeks. The Commission announced in January that it would fully investigate Lufthansa’s plan to buy a 41% stake in state-owned ITA from […]
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Deals continue in the European hotel market, albeit at a slower pace, according to data from HVS’ Hotel Transactions in Europe Newsletter for the week ending March 15. Among the deals that appear to have been floated or completed this week is a £1.9 billion takeover of London’s LXi REIT, including its 144 UK hotels, […]
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–Ryanair increases the use of sustainable aviation fuels in Europe. It doubles its supply agreement with Austrian OMV. Six months ago Ryanair concluded an agreement to supply 500 tonnes of sustainable aviation fuel. It has just announced that it will receive another 500 tonnes of SAF from OMV in 2024. The deal will save an […]
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-There is a lot of activity in the current period in the hotel deals, and in view of the new season that is predicted to be extremely hot, those who want to sell hurry and those who want to buy similarly. So today I woke up in the mood to intrigue you a bit, as […]
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Ryanair, Europe’s No.1 airline, announced its latest partnership with leading travel company, TUI, who will now be authorised to offer Ryanair flights, seats, and bags to their customers as part of their holiday packages on the condition that they do not overcharge customers for Ryanair products. The deal will also guarantee TUI customers that their […]
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Ryanair, Europe’s No.1 airline, today (23 Jan) agreed a new partnership with OTA loveholidays for its customers who wish to book low-cost package holidays. This deal allows loveholidays’ customers to buy Ryanair flights, seats, and bags as part of their loveholidays package at Ryanair’s low prices. It guarantees that loveholidays’ customers will not be overcharged […]
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A total of 1,080* deals were announced in the global travel and tourism sector during 2021, which is an improvement of 1.3% over the 1,066 deals announced during 2020, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Deal activity in the travel and tourism sector consistently improved […]
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IHG Hotels & Resorts, one of the world’s leading hospitality companies, is proud to announce a four-hotel, 2,709-room portfolio deal in Vietnam with long-standing partner Sun Hospitality Group (a member of Sun Group), the renowned tourism-focused real estate developer. Following the success of the award-winning InterContinental Danang Sun Peninsula Resort, the companies will extend their partnership […]
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TUI has published trends in current bookings for summer 2021 as part of its Annual General Meeting. Progressing vaccination campaigns, increased availability of rapid and self-tests in the markets and the planned opening strategies of some European governments show a positive effect on the booking behaviour of TUI customers. In particular in the German and […]
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