Lufthansa: € 2.1bn Capital Increase to strengthen the balance sheet and to enable the early repayment of stabilization measures in Germany

The global rollout of vaccinations supports customers’ confidence to fly and facilitates the further lifting of travel restrictions. Lufthansa is well positioned to take advantage of the resulting rebound in global travel demand. Based on the Group’s operating performance in July and August, Adjusted EBIT (excluding restructuring expenses) in the third quarter is expected to […]

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HRADF: Submission of Expression of Interest by nine Interested Parties for the Heraklion Port Authority S.A.

The Hellenic Republic Asset Development Fund (HRADF), a member of the HCAP Group, announces that nine Interested Parties have submitted an Expression of Interest for the acquisition of a majority stake of at least 67% of the “Heraklion Port Authority” (HPA S.A.). Expressions of Interest were submitted by the following Interested Parties (in alphabetical order): […]

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Cyprus: Tourist arrivals +208,7% in August 2021

The arrivals of tourists in Cyprus reached 321.858 in August 2021, recording an increase of 208,7% compared to August 2020 (during which 104.261 arrivals were recorded), and a decrease of 41,9% compared to August 2019 (with 553.845 arrivals). For the period of January – August 2021, arrivals of tourists totaled 960.150 compared to 424.850 in […]

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AEGEAN: Positive Cash Flow in the second quarter despite limited activity | Significant reduction of losses

AEGEAN announces the financial and operating results for the second quarter and the first half of the year. The restrictive measures in force until mid-May continued to weigh heavily on Group’s activity and results. However, the efforts to adjust flight operations within these restrictions in conjunction with cost management and gradual flight activity re-start towards […]

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Norwegian Cruise Line celebrates the return of two more ships in the Mediterranean

Norwegian Cruise Line (NCL), the innovator in global cruise travel, today marked another milestone in its Great Cruise Comeback with the redeployment of Norwegian Epic and Norwegian Getaway in the Mediterranean. A third of NCL’s fleet of 17 ships are now back in operation, welcoming guests back on board after the Company’s more than 500-day […]

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High demand from International Travel Exhibitors and Sponsors sets tone for ITB Asia 2021 Virtual

The countdown to ITB Asia Virtual 2021 has begun. The show, which takes place from 25 – 29 October 2021 virtually, is seeing a high demand from tourism organisations and partners. As the tourism industry shows promising signs of recovery, the event sees increasing uptake of travel trade buyer registrations, as more trade professionals are […]

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Atout France re-joins European Travel Commission with Europe’s tourism recovery underway

As European destinations have been welcoming back travellers over recent weeks, the European Travel Commission (ETC), the association uniting the National Tourism Organisations of 32 European countries, has welcomed the France Tourism Development Agency, Atout France, back as a full member with the shared ambition to work together to further support the competitiveness of Europe […]

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Athens International Airport: Passenger traffic development 2021

The airport’s passenger traffic continued during August 2021 to be substantially affected by the COVID-19 pandemic crisis and its impact on air travel, with the airport’s passenger traffic being below the respective August 2019 levels by 30.6%. This outcome points to a gradual improvement compared to the previous months, as the lifting of movement restrictions […]

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TUI powers upgraded Eurostar experiences platform as preferred tours and activities partner

TUI Group, the world’s leading tourism group, is powering an upgraded tours and activities platform for Eurostar, the high-speed rail link between the UK and mainland Europe. The agreement with Eurostar continues TUI’s strong and strategic growth in tours and activities, including a steadily increasing number of partnerships with high-profile European businesses. The enhanced version […]

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Wyndham Continues to Expand Ramada Brand in Romania with Two New Hotel Openings

Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries, today announces the continued expansion of its Ramada by Wyndham brand in Romania, with the opening of Ramada by Wyndham Targu Jiu. Centrally located in Targu Jiu, one of Romania’s up-and-coming cities situated by Carpathian Mountains and […]

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