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Vienna: Protective shield provides planning security

Planning security for Vienna’s meeting industry. Anyone planning an event in Vienna in 2021 and 2022 will have government protection. Under the approved EUR 300 million protective shield, the Austrian government will cover financial damage resulting from events being canceled or restricted due to COVID-19. The Austrian guarantee gives event planners much needed planning security. […]

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TUI AG: CEO Fritz Joussen participates in capital increase

Fritz Joussen, CEO of TUI AG, is participating in the capital increase resolved at the Group’s Extraordinary General Meeting on 5 January 2021. He exercised 500,000 subscription rights and thus acquired approximately 431,000 new shares. Joussen had previously sold shares (300,000) and subscription rights (100,000) on the market, among other things to finance the exercise […]

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Celestyal Cruises announces new Spring 2021 recommencement date

Due to continued international travel restrictions and port closures arising from the COVID-19 pandemic, Celestyal Cruises, the award-winning, number one choice for cruise travellers to the Greek Islands and the Eastern Mediterranean, has announced that the 2021 season will commence on 24th April with the seven-night Idyllic Aegean itinerary. The start of the season was […]

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UK: Covid-19 Passport from iProov and Mvine Moves Into Trial Phase

Mvine and iProov announce today their design for a simple, secure and widely recognized Covid-19 immunity and vaccination passport will now move into live testing. The Mvine-iProov passport enables a person’s test result or vaccination status to be registered and proved without disclosing their identity, and without the need for extensive new infrastructure. With additional […]

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State aid: Commission approves €1.25 billion German measure to recapitalise TUI

The European Commission has approved German plans to contribute up to €1.25 billion to the recapitalisation of TUI AG (TUI), the parent company of the TUI Group, as part of a wider support package. The measure was approved under the State aid Temporary Framework. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “As many other companies […]

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Dietmar Gunz hands over the baton of the FTI GROUP to a new management team

For the tourism industry, 2020 will go down in history as the year of the greatest challenges, enormous efforts and far-reaching upheavals. For the FTI GROUP, after the Corona-related streamlining of the company portfolio and the implemented structural measures last summer, the end of the year means a final reorganization of the top management before […]

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HRADF: Concession commencement of the Alimos marina

The Hellenic Republic Asset Development Fund (HRADF S.A.) reached today the financial closing of the Alimos marina concession, the largest marina in the country, which shall become a reference point in Attica’s coastal front. HRADF granted the right to use and exploit the Alimos marina for 40 years to the company «Development of New Alimos […]

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EU-UK Trade and Cooperation Agreement

After intensive negotiations, the European Commission has reached an agreement with the United Kingdom on the terms of its future cooperation with the European Union. President of the European Commission, Ursula von der Leyen said: “It was worth fighting for this deal because we now have a fair and balanced agreement with the UK, which will protect our […]

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Jet2: More flights to Greece for Summer 2021

Jet2 once again added even more flights and holidays to destinations in Greece for Summer 21, on the back of continued demand from British holidaymakers who are looking to enjoy some much-needed sunshine. Jet2 giving customers more choice and flexibility when it comes to visiting seven stunning destinations in Greece next Summer, with the addition […]

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STR: Europe hotel performance for November 2020

Reflecting the impact of a second lockdown, Europe’s hotel industry reported much lower performance levels from the prior month, according to November 2020 data from STR. Euro constant currency, November 2020 (percentage change from October 2019) Occupancy: 21.3% (-70.4%) Average daily rate (ADR): EUR72.42 (-32.3%) Revenue per available room (RevPAR): EUR14.42 (-81.2%) Amid continued COVID-19 […]

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