HRADF receives four Offers for the former U.S. military base of Gournes in Heraklion, Crete

The Hellenic Republic Asset Development Fund (HRADF), a member of the HCAP Group, announces that four Interested Parties have submitted Offers for the exploitation of part of the former U.S. military base of Gournes in Heraklion, Crete. In particular, Offers were submitted by the following Interested Parties (in alphabetical order): CLUB HOTEL CASINO LOUTRAKI S.A.– […]

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Photo by Agus Dietrich on Unsplash

Blackstone to acquire VFS Global

Blackstone, EQT and the Kuoni and Hugentobler Foundation (“KHF”) today announce that funds managed by Blackstone Capital Partners (“Blackstone”) have signed a definitive agreement with EQT VII fund (“EQT Private Equity”) and KHF to acquire a majority stake in VFS Global. EQT Private Equity will remain indirectly invested in the Company with a minority position […]

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tui

TUI Group resolved a 1.1 billion euros capital increase to strengthen the balance sheet

TUI Group resolved a 1.1 billion euros capital increase to strengthen the balance sheet / Drawings under the KfW Facility reduced to zero / After transformation and restart, focus on refinancing and reducing the use of government loans / Positive booking update for Q4: 5.2 million bookings in Summer 2021, significant increase in the high […]

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eu

Consumer protection: Airlines commit to timely reimbursement after flight cancellations

Following dialogues with the Commission and national consumer protection authorities, 16 major airlines have committed to better information and timely reimbursement of passengers in case of flight cancellations. The Commission had alerted the Consumer Protection Cooperation (CPC) enforcement authorities in December 2020 to address several airlines’ cancellation and reimbursement practices in the context of the COVID-19 pandemic. […]

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AEGEAN

EC: Airlines agree to issue Covid cancellation refunds

Following dialogues with the Commission and national consumer protection authorities, 16 major airlines have committed to better information and timely reimbursement of passengers in case of flight cancellations. The Commission had alerted the Consumer Protection Cooperation (CPC) enforcement authorities in December 2020 to address several airlines’ cancellation and reimbursement practices in the context of the COVID-19 pandemic. […]

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Kuoni reveals major expansion of luxury European holidays as it eyes short-haul growth for 2022

It’s long been famous for luxury long-haul trips to places like the Maldives, Caribbean and Thailand, but now Kuoni is putting a new focus on launching its biggest ever range of luxury short-haul holidays. The worldwide travel company has spent the past few months handpicking and contracting a new range of luxury short-haul places to […]

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money tourism copyright photo

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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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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Asia

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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